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Podcast: Money Life with Chuck Jaffe
Episode: Economist Imas: Consumers and investors are hard-wired to make mistakes
Description: Economist and University of Chicago professor Alex Imas discusses "The Winner's Curse: Behavioral Economics Anomalies, Then and Now," which he co-authored with Nobel Prize winning economist Richard Thaler, and talks about the common curses impacting consumers and investors. Imas covers loss aversion and how it drives investors to make bad decisions, how the "endowment effect" explains our cluttered basements and much more. In the first of two Market Call interviews this week that involve funds tied to political views, Hal Lambert, chief executive officer at Point Bridge Capital — creator of the MAGA ETF, Point Bridge America First — discu...