Confirmation bias I think is the most deadly dangerous of biases that that

scientists will often succumb to and I think you know taking it one level deeper in trading or whatever there's this huge motivation to exploit minimal types of advantages

I mean it's rare you're going to have some huge you know unless's insider trading, which you guys would never engage in.

But you know, or any of your listening.

But you know, you're trying to take a tiny little advantage.

Perhaps it's purely, you know, stochastic and you only get hints at it via very complex models but you're trying to you know take something very tiny and have a lever a leverage up that that particular piece of information or model.

In science, you know, we're not really, you know, competing for something like a fixed

gain. Of course, there is only one true reality of life, of nature, of the universe, and there are many people competing it

but it's not like there's millions of people in a marketplace that that kind of is efficient in any sense

instead where you know you can have a killer idea. Hello dear listeners, welcome to this Wednesday replay edition of

into the impossible featuring your host Brian Keating being interviewed on

the Alpha Mind podcast by Stephen Goldstein and Mark Randall.

Alpha Mind focuses on the world of finance and fields relating to trading, financial markets, and risk.

So what do traders have to learn from an experimental cosmologist?

Did you know that one of the greatest supporters of Professor Keating's work is

famed quantitative trader, mathematician, and billionaire Jim Simons?

In this interview, you'll learn how both scientists and traders are often driven by similar

passions.

By a quest to know, excel, and be recognized by peers.

And in the process, both traders and scientists can fall into the same cognitive bias traps that can distort reality and lead to disaster.

Beyond knowledge, what is the role of wisdom in a purpose-driven life?

If you're hungry for more sincere, in-depth open dialogue

...