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Ep. 1108: Elaine Fox Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
The Cost of Switching
In a switch trial, when you're going from is it odd or even to is it above or below twenty? That's a switch. You get a delay, a delay in reaction time, because the brain has to get back into gear and say, okay, we're doing a different task now. The cost of switching, that's actually linked to all sorts of things, including resilience. Some people are just very mentally agile, quite naturally. These tend to be the very resilient people who, again, I think because they train themselves in everyday life, they become much more agile. But that takes training, I mean, that takes practice, that takes going through the fire, so to
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