The Joe Walker Podcast

Rational Minds Part 4: The Blind Leading The Blind - David Hirshleifer

Dec 20, 2020
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Episode notes
1
Introduction
00:00 • 2min
2
The Obvious Viral Club
01:46 • 4min
3
The Herschelleifers: A High Fashion Family
05:50 • 3min
4
The Importance of Rationality in Economics
08:43 • 4min
5
The Importance of Common Sense in Decision Making
12:34 • 3min
6
The Importance of Informational Cascades in Bubbles
15:37 • 3min
7
The Difference Between Herding and Informational Cascades
19:01 • 2min
8
The Probability of Informational Cascades
21:06 • 4min
9
The Fragility of Cascades
25:35 • 2min
10
How to Apply Cascades to Thinking About Bubbles
27:56 • 5min
11
The Effect of Information Cascades on Stock Prices
33:13 • 3min
12
The Importance of Social Emergence
36:14 • 3min
13
The Importance of Social Emergence in Finance
39:26 • 6min
14
The Implications of Social Transmission Bias
45:13 • 6min
15
The Effect of Bias on the Stock Market
51:06 • 4min
16
The Importance of System Three Processes
55:21 • 3min
17
The Role of Survey Evidence in Eliciting Biases
58:38 • 3min
18
How to Think About Bubbles in Asset Markets
01:01:16 • 4min