9min chapter

80,000 Hours Podcast cover image

#180 – Hugo Mercier on why gullibility and misinformation are overrated

80,000 Hours Podcast

CHAPTER

The Pitfalls of Day Trading and MLM Schemes

This chapter uncovers the dangers of day trading and multi-level marketing scams, shedding light on the financial losses and deceit individuals face. It explores the allure of high-risk financial ventures and the psychological mechanisms that make some susceptible to addictive behaviors like gambling. The conversation challenges the misconception of predictable patterns in the stock market, emphasizing its randomness and the prevalence of misguided beliefs in predictability.

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