3min chapter

The Joe Walker Podcast cover image

Markets And The Madness Of Crowds - Robert Shiller

The Joe Walker Podcast

CHAPTER

The Liberation of Distance Narrative

JosephNWalker: It's interesting with the contagion rate, if it's sufficiently high than the recovery rate, the size of the population infected over time looks like this perfect hump. There could be a fast, there are both fast and slow epidemics. Then the housing market might sink, but there's still the underlying growth from the old epidemic and it can come back. Over the coming weeks, I'm going to be looking for ways to test Bob's hypothesis and quantify it.

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