My guest today is Robin Hanson, an associate professor of economics at George Mason University and a research associate at the Future of Humanity Institute of Oxford University.
The topic is outside the box economic perspectives.
In this episode of Trend Following Radio we discuss:
- Prediction markets
- Vernon Smith and coming up with the “why” for booms and busts
- Dealing with a complex world based on our limited abilities
- Steering towards humanity’s future
- Hanson’s physics background, and how he came to where prediction markets became a passion
- How prediction markets can make us pay more attention to the truth
- Hayek and Mises, and some of their thinking early on
- What taboos and idealogical beliefs might stop one from making optimal decisions
- If people have employed particular trading strategies to the prediction markets
- Stop losses as information and as risk preference
- Setting up a market to bet on geopolitical events in the Middle East, and the controversy based around that
- Why DC politicians often cannot handle the research Hanson does
- Why Hanson has elected to have his head cryonically preserved after medical death based on a cost-benefit analysis
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