How Evidence Sometimes Loses Out to Emotion The AlphaMind Podcast with Brian Keating (#321)

In this interview on the ALPHA MIND podcast, hosts STEVEN GOLDSTEIN & MARK RANDALL interview Professor Keating about some of the connections which bind trading, investing, and science. Brian talks about how scientists, despite being held on some sort of an intellectual pedestal, are human, and are just as prone to the foibles and behavioral errors which are common to people in all fields, including trading.

The theme, which resonates throughout this interview, alludes to the meta game of science and trading, something which was captured in a quote by Dr. Keating, and which featured prominently in Greg Zuckerman’s 2019 book about the trading legend Jim Simons, ‘The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution.’ The quote is:

‘Scientists are human, sometimes all too human. When desire and data are in collision, evidence sometimes loses out to emotion.’

Themes explored in this interview are; confirmation bias, ego, and our ability, or even inability, to separate our outcomes from our ego.

https://podcasts.apple.com/gb/podcast/the-alphamind-podcast/id1467395734

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