Tyler Cowen - Hayek, Keynes, & Smith on AI, Animal Spirits, Anarchy, & Growth
Dwarkesh Podcast
The Irregularities of Investment Behavior
This chapter explores the irrational expectations that drive investment behavior, emphasizing the disparity in returns among investors. It delves into the societal impact of innovation and the challenges of measuring creative returns, while contrasting long-term investment theories with speculative practices. The conversation examines market dynamics, including passive investment concerns and the intricate balance between risk aversion and risk-seeking behaviors.
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