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The Vibecession & the Future Economy under Trump vs Biden with Kyla Scanlon
"Econ 102" with Noah Smith and Erik Torenberg
Seeking Jackpot in Alternative Investments
The younger generation is inclined towards crypto, meme stocks, and sports gambling as they perceive hitting the jackpot with traditional assets like houses like the boomer generation did. This results in an increase in risk-taking behavior and a preference for assets with small chances of high payoffs, driven by the need to keep up or surpass the financial achievements of their boomer parents and grandparents. This behavior aligns with the concept of reference-dependent utility and loss aversion as individuals strive to avoid falling behind in wealth accumulation.
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