Ep. 236: Robin Hanson Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 8 May 2014
⏱️ 50 minutes
🧾️ Download transcript
Summary
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 handle the research Hanson does
- Why Hanson has elected to have his head cryonically preserved after medical death based on a cost-benefit analysis
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/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
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Twitter: @covel
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LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.1 | Today in the show I have Robin Hansen. |
| 0:36.1 | Robin is a professor of economics at George Mason University. |
| 0:40.0 | My alma mater. |
| 0:41.8 | He's also an expert on idea futures, prediction markets. |
| 0:48.0 | One very interesting guest. |
| 0:51.5 | I hope you enjoy. |
| 0:59.0 | Thank you. guest. I hope you enjoy. I'm in Burke, Virginia. |
| 1:00.6 | You're in Burke. |
| 1:02.0 | Just south of Fairfax. |
| 1:03.6 | Cool. |
| 1:04.1 | So I have a short commute to George Mason where I work. |
| 1:10.2 | Just a 10-minute drive. I used to commute from Vienna to George Mason where I work. Just a 10-minute drive. |
| 1:12.4 | I used to commute from Vienna to George Mason back in a long time ago. |
| 1:17.5 | So I know something about commuting to George Mason. |
| 1:21.0 | But that school, it keeps changing, though. |
| 1:22.6 | I'll tell you what. |
| 1:23.1 | Boy, they put a lot of money into that over the years. |
| 1:24.9 | Wow. |
... |
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