Why The Human Brain Loves To Be Lied To
Odd Lots5 Mar 2018

Why The Human Brain Loves To Be Lied To

In theory, people should want to know accurate facts about the state of the world. In practice, it's not so simple. Because of the way we evolved, and how our brains work, there are often things that we prioritize above the truth (such as fitting in with some tribal identity). On this week's Odd Lots podcast, we speak with NYU professor Jay Van Bavel, about a new paper he co-authored titled "The Partisan Brain: An Identity-Based Model of Political Belief." It explains how political ideology leads people to have distorted views of the world, and though this paper is specifically about politics, it contains important lessons for people in the market, as they seek to overcome the biases that make them bad traders and investors.

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Episoder(1193)

Episode 16: Making Money When Everyone Else is Losing Theirs

Episode 16: Making Money When Everyone Else is Losing Theirs

Everybody knows by now that a handful of hedge funders made a fortune by betting against housing before the market crashed back in 2008. But, people who bought at the bottom, when everyone else was pa...

22 Feb 201622min

How a Rural Irish Farmer Became an Expert on the Euro Crisis

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In theory, anyone with an internet connection can became an expert on just about anything from just about anywhere. In the latest edition of Odd Lots, we speak with Lorcan Roche Kelly, a cattle farmer...

16 Feb 201629min

Episode 14: The World’s Only Stand-Up Economist

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On today’s episode, we’re taking the “dismal” out of the dismal science by interviewing Yoram Bauman, who bills himself as the world’s only stand-up economist. Join us for a Laffer curve-a-minute romp...

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Episode 13: How a Professor Won Gambling on an Obscure Sport

Episode 13: How a Professor Won Gambling on an Obscure Sport

Episode 13: Everyone dreams of being able to win almost every time when gambling. Of course, whether it's blackjack, horse betting, poker or the stock market, it's really hard to consistently win. But...

1 Feb 201625min

Episode 12: How a Consultant Foresaw the 2015 Commodities Crash

Episode 12: How a Consultant Foresaw the 2015 Commodities Crash

On this episode, co-host Tracy Alloway is joined by Bloomberg Markets reporter Luke Kawa for a journey back in time. As the global elite mingle at the World Economic Forum's annual meeting in Davos, S...

25 Jan 201623min

Episode 11: How David Bowie Became a Financial Product

Episode 11: How David Bowie Became a Financial Product

When the world lost David Bowie this month, it lost one of modern music's undisputed geniuses. Less well-known is Bowie's contribution to the financial world. In this episode of Odd Lots, hosts Tracy ...

19 Jan 201633min

Episode 10: How the World Ended Up With a Boring Banana

Episode 10: How the World Ended Up With a Boring Banana

This week, we're taking on one of the most fragile commodities markets around. No, it's not oil (though we do get to that later in the program), it's the market for bananas. Dangerously reliant on a s...

11 Jan 201631min

Episode 9: The 2016 Predictions Episode

Episode 9: The 2016 Predictions Episode

(Bloomberg) -- It’s a new year and a new episode of Odd Lots. Co-hosts Joe Weisenthal and Tracy Alloway have re-stoked our proverbial holiday fire, refilled our wine glasses and are ready to continue ...

4 Jan 201622min

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