Cautionary Tales with Tim Harford cover image

Buried by the Wall Street Crash

Cautionary Tales with Tim Harford

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Art, Economics, and Unexpected Predictions

This chapter narrates the adventurous journey of a wealthy economist who navigates art acquisitions amid war, leading to risky investment strategies for his college. It also critiques expert prediction failures and introduces 'superforecasters' as those who excel at adapting their forecasts based on new information.

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