What You Think You Want vs. What You Really Want, with Luke Burgis
Afford Anything
00:00
The Reflexive Feedback Loop
The alchemy of finance is reflexivity. I markets and really all of social life is reflexive in the sense that where kind of all in this web together. And perception shapes reality. So if we perceive that there's going to be a crash in a stock or a market crash, it alters our behaviour. We might sell thinking that we'rethe first ones to get out. But then quickly changes perception again. There's just this reflexive feedback loop almost. Which is deeply related to this idea of mamesis and imitation,. Though we're always thinking about what other people about us.
Transcript
Play full episode
