Trend Following with Michael Covel
Bestselling author Michael Covel is the host of Trend Following Radio with 8+ million listens. Investments, economics, decision-making, human behavior & entrepreneurship--all passionately explored. Guests include Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. Also: James Altucher, Dan Ariely, Jean-Philippe Bouchaud, Kathleen Eisenhardt, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Tucker Max, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams. All 800+ eps at www.trendfollowing.com/podcast.

“Risk Savvy: How to Make Good Decisions” by Gerd Gigerenzer is one of Michael’s favorite books from the last 10 years. Today, Michael reaches into the archives and plays an interview with Gerd Gigerenzer.

Gerd is a psychologist who studies the use of bounded rationality and heuristics in decision making and investigates how humans make inferences about their world with limited time and knowledge. He is director of the Center for Adaptive Behavior and Cognition (ABC) at the Max Planck Institute for Human Development and director of the Harding Center for Risk Literacy.

In this episode of Trend Following Radio:

Daniel Kahneman vs. Gigerenzer’s views
Heuristics vs. statistics
Medical check-ups
Taking risks
Instincts vs. expert advice
Relative vs. absolute risk
Benjamin Franklin’s ledger
Heuristics
Unconscious intelligence

Direct download: 680.mp3
Category:general -- posted at: 10:00pm EST

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