Daniel Kahneman has been called the most important psychologist alive today and joins Michael Covel on the podcast. Kahneman is the 2002 winner of the Nobel Memorial Prize in Economic Sciences. Together, Covel and Kahneman discuss Kahneman’s beginnings, and how he came to realize he was looking at the world from a different vantage point than most; how Kahneman’s work is foundational to trading; questioning the dogma of rationality; happiness, and the distinction between the remembering self and the experiencing self; the consumption of memories; the danger not making peace with a loss; bubbles and crowd behavior; happiness research and public policy; emotion, possibility, and probability; hope and fear; why optimism is the engine of capitalism; and the influence of prospect theory. Want a free trend following DVD go to trendfollowing.com/win.