My guest today is Daniel Kahneman, the second Nobel Prize winner to appear on this podcast. Kahneman is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences.
The topic is behavioral psychology.
In this episode of Trend Following Radio we discuss:
- Kahneman's beginnings, and how he came to realize he was looking at the world from a different vantage point than most
- How Kahneman's work is foundational to trading
- Questioning the dogma of rationality
- Happiness, and the distinction between the remembering self and the experiencing self
- The consumption of memories
- The danger of not making peace with a loss
- Bubbles and crowd behavior
- Happiness research and public policy
- Emotion, possibility, and probability
- Hope and fear
- Why optimism is the engine of capitalism
- The influence of prospect theory
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
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Hope you enjoy my never-ending podcast conversation!
Michael Covel's Trend Following