BROADCASTS.com

b'

My guest today is Laurie Santos, a professor of psychology and cognitive sciences at Yale University. Her research explores the evolutionary origins of the human mind by comparing the cognitive abilities of human and non-human primates. Santos is able to look at monkeys and their behavior in markets and money, and see the similarities with humans.

The topic is cognitive abilities.

In this episode of Trend Following Radio we discuss:

• Santos\\u2019 early \\u201cah-ha\\u201d moments
• Teaching monkeys about currencies
• Whether the monkey economy is as irrational as ours
• The endowment effect
• How monkeys\\u2019 behavior in markets quantitatively matches human behavior
• Whether some monkeys took to the experimental economy better than others
• Mistakes and predictable errors
• Why humans might be uniquely irrational when it comes to enjoying what we pay more for
• Vernon Smith\\u2019s work
• Relationships between Santos\\u2019 work and the financial crisis of 2008
• Bubbles, monkeys, and Daniel Kahneman
• The \\u201cG.I. Joe fallacy\\u201d
• Why we have trouble accepting cognitive limitations rather than our biological limitations

Jump in!

---

I\\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\\u2019m 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\\u2019d like to give you a great piece of advice you can use in your life and trading journey\\u2026 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\\u2019t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!