Wealth

As I am researching predictions in the Housing Market, I watched the interview with David Laibson on behavioral economics. Behavioral economics is deeply connected to predictions in the housing market because it explores how psychological, social, and emotional factors influence the economic decisi

In online poker, understanding the predictability of human behavior is pivotal. While the digital realm might seem devoid of human nuances, players still exhibit patterns, tendencies, and tells. Recognizing these behavioral cues, whether it's betting patterns, timing, or emotional responses, allows

Identify and explain (in a paragraph) the most surprising bit of information you learned. I thought it was really interesting that there was a specific team at Deepmind studying what the code is doing for Alpha Go. The "psychology of AI" is a cool field, especially because we don't know exactly what

I was most surprised by was the lukewarm attitude that corporations harbored towards reducing climate degradation in Professor Goodman's discussion with HBS Professor Rebecca Henderson. While companies acknowledge the negative impact of climate change, they are locked in a paradox of inaction due to

Link to Interview. In her interview with Professer Goodman, HBS Professor Rebecca Henderson discusses the problem of climate change as it relates to a capitalist system. The main topic that I will remember from this interview in a year is the fact that, eventually, business models will come to frui

David Laibson, in his interview on Behavioral Economics, said he would never expect to see the result of understanding physics to the point of creating an accurate prediction for anything and everything. We can never know everything due to an Uncertainty Principle and a degree of randomness in the u

https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction&fullscreen=true In watching the interview with David Laibson, I found two th

Link to Interview As I was watching David Laibson's interview regarding behavioral economics, I was most intrigued by his stance on whether or not we'll be able to prevent long-term economic events at some point in the future. Indeed, his stance essentially argues that even if we employ the tools o

Following up on my post summarizing the most interesting takeaway from the interview with professor Gilbert, I would like to ask how AI could help make understanding of predictive models and nudging efforts in general more effective. Gilbert mentions that people generally act more desirable when the

https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction&fullscreen=true How does our understanding of time inconsistency and decisi

For the PredictionX video relevant to my project, I watched the interview with David Laibson about Behavioral Economics. This interview was directly relevant to my project topic, even though I am not working on a wealth or economics adjacent project. My project aims to investigate how Large Language

I decided to watch the David Laibson video on behavioral economics and relate it to predictions of the contemporary art market. Interview Link: https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lb:HarvardX:27abe32b:lx_simulation:1/56174?source=%2Fli

Welcome Everyone, My final research project will be about predicting the Dow Jones Industrial Average (index numbers). The Dow is a market index used to show how the U.S. economy is doing at any particular moment. It is made up of 30 companies that are the most traded stocks. I have inserted a pho

I will be doing my final project on Climates' impact on War/Battle outcomes. The conversation about fertilizer and agricultural advancements was quite interesting as this is a major factor when considering who is in favor of winning a war. Those with the best agricultural efficiency/technology tend

Professor Goodman's conversation with Rebecca Henderson is about the overall topic of climate change. Climate change will directly affect my future and society's future as we know it in several ways. Most pertinent to this interview, however, is the way climate change will affect business practices

I thought Professor Laibson’s discussion of present bias was especially interesting. Rather than reducing people’s behaviors to pure laziness, “present bias” as a term reframes people’s behavior as a symptom of human psychological biases rather than a deliberate unwillingness to accomplish a task, a

https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction&fullscreen=true If I was interviewing David Laibson, I would ask whether he

Stemming off my previous post, I had a question regarding the Laplace's demon. For those who are firm believers that we will reach a state where human behavior and natural phenomenon can be a completely deterministic model, what are the arguments for your certainty? How are you able to be so certain

One of the most interesting takeaways from the Gilbert discussion video was how we can effectively change people’s behavior by showing that other people have changed their behavior. As stated by Gilbert, the general population does not necessarily change their behavior by hearing that a predictive m

https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction&fullscreen=true In the interview, David discussed how machine learning was

In his interview with Prof. Goodman, Prof. Laibson touches on behavioral economics and rational choice theory. Rational choice theory -- the idea that each individual decides what is most optimal for themselves via a cost-benefit analysis performed with the assumption of perfectly rational thinking

The interview relates to my final project tangentially as it mentions a lesson on an appropriate level of denial. One thing that I want to discuss in my mention of March Madness and sports gambling is how so many people bet and lose money on March Madness only for it to not work out for them financi

None of the forum videos explicitly discuss my topic — which is how wealth predicts war outcomes — but one that touches on some interesting topics that could be related to it is the behavioral economics interview with David Laibon. More specifically, what he says about rationality and repetition. He

I watched Goodman's interview with HBS Professor Henderson regarding corporations and their decision making with regard to climate change. I think that my biggest takeaway from this interview is the overall theme of large institutions having a difficult time responding to relatively immediate proble

A year from now, I will remember the most that we still have hope in the fight against climate change. Near the end of Professor Goodman's conversation with Rebbeca Henderson, Professor Henderson mentioned that she remains hopeful in our abilities to innovate and adapt to slow climate change. She sa

https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction I really enjoyed the interview with David Laibson, and there were a number

Link: Question: Regarding prospect theory in behavioral economics, how would you say that this psychological sensitivity to losses affects investing? I believe that this question matters because in some situations, such as retail day traders, individuals tend to be too optimistic about their pote

https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction From the interview linked above, I was most surprised about David's perspect

Interview: https://www.labxchange.org/library/pathway/lx-pathway:b5121779-9f49-49db-93d9-80d5d67dadb3/items/lx-pb:b5121779-9f49-49db-93d9-80d5d67dadb3:lx_simulation:f10b9110?source=%2Flibrary%2Fclusters%2Flx-cluster%3AModernPrediction&fullscreen=true The most surprising bit of information came Alys

Stemming off my previous post, for those who believe that we will eventually reach a state where human behavior and natural phenomenon will can be a completely deterministic model, what are your arguments for this? How are you able to be so certain?