Trend Following With Michael Covel

My guest today is Robin Hanson, an associate professor of economics at George Mason University and a research associate at the Future of Humanity Institute of Oxford University. The topic is outside the box economic perspectives. In this episode of Trend Following Radio we discuss: Prediction markets Vernon Smith and coming up with the "why" for booms and busts Dealing with a complex world based on our limited abilities Steering towards humanity's future Hanson's physics background, and how he came to where prediction markets became a passion How prediction markets can make us pay more attention to the truth Hayek and Mises, and some of their thinking early on What taboos and idealogical beliefs might stop one from making optimal decisions If people have employed particular trading strategies to the prediction markets Stop losses as information and as risk preference Setting up a market to bet on geopolitical events in the Middle East, and the controversy based around that Why DC politicians often cannot han