Trend Following With Michael Covel

My guest today is Dan Ariely, a professor of psychology and behavioral economics at Duke. He has given great TED Talks with millions of views. Covel and Ariely discuss irrationality and rationality on today's show, including how we make decisions (with often poor processes).  The topic is his book Predictably Irrational: The Hidden Forces That Shape Our Decisions. In this episode of Trend Following Radio we discuss: The irrationality of fundamentals in equity markets The wisdom of crowds, constraints and where else our money can go The awarding of the Nobel Prize to professor Shiller and Fama--two famed professors with very different outlooks--and whether it's irrational or not Macroeconomics vs. microeconomics Lessons learned during his life-threatening burns Why people lie Why the freedom to do whatever we want and change our mind is the shortest path to making bad decisions How 2008 became a constructive tool for Ariely Why Bubbles are some of the most imprecise factors out there Ben Bernanke Jump in! --