Intelligence Squared cover image

Michael Lewis On How Behavioural Economics Changed The World

Intelligence Squared

00:00

Isn't It Amazing That Undervalued Players Can Be So Misvalued?

Lewis: I was in the locker room of the Oakland A's interviewing players about what it felt like to be on this oddly managed team. He says he thought, wow, you know, forget their athletes. Think of them as corporate employees. They've been doing the same job for 100 years if these people can be misvalued, who can't be misvalued? Lewis: The market is deceived by what they look like. And so when they saw a player was good-looking, they just kind of, they would tend not to pay much attention to him.

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