My guest today is Dylan Evans, a British former academic and author who has written books on emotion and the placebo effect as well as the theories of Jacques Lacan.
The topic is risk intelligence.
In this episode of Trend Following Radio we discuss:
Definition of risk intelligence Optimism bias Correlations between IQ and risk intelligence The Brandywine Raceway in Delaware and unconscious statistical modeling Probabilities and the nuclear power risk issue Making decisions on uncertain information The expected value mindset Bet sizing How luck is always part of the game Knowing when not to bet The hidden costs of trying to eliminate risk in a system where risk can never be eliminated The “calibration test” for risk intelligence.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.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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