The Morgan Housel Podcast cover image

The Psychology of Why Prediction Can Be So Hard

The Morgan Housel Podcast

00:00

The Influence of Desperation on Belief in Predictions

This chapter explores how psychological factors shape people's faith in predictions during challenging times. It examines the impact of desperation on trust in quick financial solutions like day trading and lotteries, supported by historical examples of societal behavior in crises.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app