behavioral economics
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jan 8, 2018 by Michael Mauboussin · across every show →
Everything said about behavioral economics, oldest first
Jan 8, 2018 negative
Mauboussin: Individual Cognitive Biases Often Cancel Out, Leaving Markets Efficient
“The fact that you and I are suboptimal and it's easy for us to show that we're suboptimal as individuals that doesn't necessarily translate into a market setting, right? Because our errors may cancel out. You're overconfident. You buy, I'm overconfident. I sel…”