Mount Stupid June 3, 2015 4:30pm by Barry Ritholtz I interviewed Richard Thaler for MiB today. He is known as the father of Behavioral Economics. Parts of our conversation made me think about this classic comic from SMBC” Mount Stupid Source: SMBC Spread the wealth. twitter facebook linkedin What's been said: Discussions found on the web: ComradeAnon commented on Jun 3 Funny. The Laffer Curve seems to have a Mount Stupid too. pollyanna commented on Jun 4 When does this interview appear on the MiB site? I don’t see it while following your link. (I’m checking as of 6am ET on 6/4). catclub commented on Jun 4 That rise at the left side is not right. I got this from Morgan Housel: ” I’ve learned that there’s a strong correlation between knowledge and humility. People who spend 10 minutes on Google studying monetary policy think they have it all figured out, while people with Ph.D.s and decades of experience throw up their hands in frustration. The more you study economics, the more you realize how little we know about it.” rd commented on Jun 4 I don’t understand the line beginning at the origin and coming up to the Mount Stupid peak. Dunning and Krueger did detailed research on this and clearly demonstrated that there should be a significant positive y-intercept value. A straight line from the Y-axis to the current Mount Stupid peak is probably more appropriate. The definitive proof of this can be observed every four years like clockwork in the Presidential primary debates. Read this next.November 10, 2011 Stanley Kubrick Essential CollectionDecember 13, 2013 What Kinds of Errors Are You Making (and what are you doing to fix them?)March 1, 2021 10 Monday AM Reads Posted Under Behavioral Finance/Psychology Cognitive Foibles Humor Really, really bad calls Previous Post MiB: John Pizzarelli, Jazz Guitarist in a Hip-Hop Era Next Post Does Moving for a Job Mean Higher Wages?