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Rational Minds Part 1: A Nation Of Gamblers - Ed Glaeser

32:43
 
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Manage episode 300092996 series 2620738
Kandungan disediakan oleh DM Podcasts and Joe Walker. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh DM Podcasts and Joe Walker atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Ed Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University.

Show notes

Selected links

Topics discussed

  • A potted history of real estate speculation in the United States. 8:51
  • How would Ed describe the Great Convulsion of the 2000s to an alien observer? 13:40
  • Why is real estate well-suited to being a speculative asset? 16:04
  • If speculators aren't crazy, what are they? 17:00
  • Was the Great Convulsion primarily driven by credit availability? 20:44
  • What would a good Bayesian have thought in response to the 2000s housing market in the US? 22:23
  • Radical uncertainty and its implications for rationality in the context of housing markets. 24:06
  • Are extrapolative beliefs rational? 26:22
  • Are housing bubbles irrational? 29:51

See omnystudio.com/listener for privacy information.

  continue reading

142 episod

Artwork
iconKongsi
 
Manage episode 300092996 series 2620738
Kandungan disediakan oleh DM Podcasts and Joe Walker. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh DM Podcasts and Joe Walker atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

Ed Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University.

Show notes

Selected links

Topics discussed

  • A potted history of real estate speculation in the United States. 8:51
  • How would Ed describe the Great Convulsion of the 2000s to an alien observer? 13:40
  • Why is real estate well-suited to being a speculative asset? 16:04
  • If speculators aren't crazy, what are they? 17:00
  • Was the Great Convulsion primarily driven by credit availability? 20:44
  • What would a good Bayesian have thought in response to the 2000s housing market in the US? 22:23
  • Radical uncertainty and its implications for rationality in the context of housing markets. 24:06
  • Are extrapolative beliefs rational? 26:22
  • Are housing bubbles irrational? 29:51

See omnystudio.com/listener for privacy information.

  continue reading

142 episod

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