Ep. 687: Peter Leeson Interview with Michael Covel on Trend Following Radio

Peter Leeson
Peter Leeson

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Peter Leeson is an economics professor at George Mason University and is known for connecting rational choice theory with unusual domains. He looks at human behavior as a series of puzzles that are being solved by those involved. He focuses his studies on everything from bizarre rituals and superstitions to the behavior of Caribbean pirates. Peter’s work has also been quoted as “Freakonomics on steroids.”

How does Peter come up with some of his “crazy” ideas? He likes to have a broad library to read from, particularly history books. As he reads he comes across a lot of practices that may seem outlandish to most, but fascinating to him. From there he digs deeper and finds meaning in certain practices through religion, economics, politics, etc.

Throughout Peter’s work it is clear that the main motivator driving behavior is incentives. What happens when we have government incentives vs. private incentives? Michael and Peter finish the podcast talking government intervention, wealth creation and cultural behavior driving capitalistic efforts.

In this episode of Trend Following Radio:

  • Somalia pirates
  • Anarchy vs. government
  • Medieval law and order
  • Trial by jury
  • Logic of incentives
  • Street hustlers

Mentions & Resources:

Michael Covel’s Mind Food for Thought: August 23rd Edition

Food for thought:

Enjoy.

Ep. 686: The Golf Terminator with Michael Covel on Trend Following Radio

What can we learn?
What can we learn?

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Brooks Koepka has won three major golf championships in the last 14 months. He has had the emotional fortitude to push through the obvious pressures of being on the top, especially for being only 28 years old.

Brooks wasn’t able to go pro right out of college and moved to Europe to get his PGA tour card. He wasn’t thrilled about having to go overseas to get his chance at the pros in the U.S., but with a chip on his shoulder he used that as motivation to push forward, excel and win championships.

In this episode of Trend Following Radio:

  • Emotional fortitude
  • Operating outside the system
  • Extreme focus
  • Cryptocurrency crashes

Mentions & Resources:

Michael Covel’s Mind Food for Thought: August 19th Edition

Food for thought:

Enjoy.

Ep. 685: Lawrence Krauss Interview with Michael Covel on Trend Following Radio

Lawrence Krauss
Lawrence Krauss

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Lawrence Krauss is a theoretical physicist and cosmologist, professor at Arizona State University, director of its Origins Project and author of bestselling books: “The Physics of Star Trek” and “A Universe from Nothing.” He is an advocate for science based data, public policy based on sound empirical data, and scientific skepticism. His goal is to reduce the influence of superstition and religious dogma in popular culture. His most recent book is “The Greatest Story Ever Told–So Far: Why Are We Here?”

When did Lawrence first discover he was a skeptic, someone who would think outside the box? He was encouraged to think for himself from a very early age. He grew up Jewish but slowly grew out of ideas that surrounded the religion. No real a-ha moment, just gradually decided that religion wasn’t something he could believe in. In 6th grade he also began doing poorly in school. His parents moved him to a different school where he subsequently did much better. Lawrence knew that he wasn’t a different person, but it was other people’s expectations that wavered how he performed. From then on, he was conscious of not letting others opinions of him bring down his performance.

Richard Feynman has played a large role in Lawrence and his studies. He is a great example of someone who did not let other’s hinder him. Feynman was charismatic, intelligent, and excited about all things new – he didn’t rely on other’s opinions. The charisma Feynman possessed, combined with the genius of his science made him the legend.

How does Lawrence describe science? It is a process rather than a collection of facts. Science helps to establish what is true from what is non-sense. It also breaks the sensible from the non-sensible. Lawrence brings this mindset into religion taking a controversial stance saying, “God is completely irrelevant to science.” He fiercely believes that the idea of religion was created as a way to explain how the world worked before we had the technology and science to know how it actually works.

In this episode of Trend Following Radio:

  • Big bang theory
  • Religion in science
  • Simulations
  • Skepticism

Mentions & Resources: