My guests today are Richard Thaler and Alex Imas.

Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics.

Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making.

The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now.

In this episode of Trend Following Radio we discuss:

Behavioral economics anomalies and their persistence
Trend following, momentum, and mean reversion
Nick Leeson and the Barings Bank collapse
Development and evolution of their book
Applications of behavioral economics in real-world decisions

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.

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Ep. 1355: Richard Thaler and Alex Imas with Michael Covel on Trend Following Radio

Michael Covel's Trend Following