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Daniel Kahneman — Dyads, And Other Mysteries
The Joe Walker Podcast
How to Weigh the Relative Importance of Cognitive Biases in Bubbles
I want to ask you about bubbles. And my question is how you weigh the relative importance of cognitive biases like the representative in a heuristic, which has had a big impact on behavioral finance. Well, I wouldn't know how to answer this question. I mean, clearly both are important. You could get bubbles from either one of these alone and very likely both of them are operating.
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