The Joe Walker Podcast Rational Minds Part 3: Rethinking Bubbles - Vernon Smith
4 snips
Dec 19, 2020 Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23
Introduction
00:00 • 2min
The Behavioral Investor by Daniel Crosby
01:43 • 5min
The Importance of Rationality in Economics
06:29 • 2min
The Law of One Price in a Market
08:29 • 5min
The Evolution of Mass Retailing
13:44 • 5min
The Evolution of Heuristic Negotiation
19:11 • 2min
The Importance of Individual Decision Making
20:49 • 2min
The Importance of Understanding the Market
23:11 • 5min
The Problem With Housing Bubbles
28:06 • 3min
The Importance of Asset Price Bubbles
30:39 • 2min
The Difference Between Knowledge That and Knowledge How
32:32 • 4min
How to Quantify Future Price Expectations
37:00 • 5min
The Effects of News on the Stock Market
42:17 • 2min
The Wisdom of Crowds
44:04 • 6min
The Inertia of the Economy
49:36 • 3min
The Effect of Correlation on Bubble Behavior
52:47 • 2min
The Correlation Between News and Stock Prices
54:35 • 2min
The Herd Effect: How Prices Are Going Up
56:41 • 2min
The Importance of Trust in Decision Making
58:50 • 3min
The Utility Function of Cooperation
01:02:19 • 5min
The Theory of Moral Sentence
01:07:19 • 4min
The Importance of Order in the Universe
01:11:06 • 3min
The Importance of Rationality in Markets
01:14:17 • 5min