The truth about bubbles, FOMO, and why stock valuations defy logic

Ever wonder about the psychology driving the economy and stock market? Why do investors embrace weak companies? Why do inventors ignore some strong companies? What triggers the start of asset price bubbles, and what causes them to end badly? Yahoo Finance Executive Editor Brian Sozzi talks on the Opening Bid Unfiltered podcast with behavioral economist and co-author of the new book "The Winner’s Curse: Behavioral Economics Anomalies, Then & Now," Richard Thaler. Thaler has studied behavioral economics for over 40 years, winning the 2017 Nobel Prize in Economics for his work. The book explores economic puzzles found in markets, from the love of retail investors of meme stocks to the yawning popularity of cryptocurrency. Yahoo Finance's Opening Bid Unfiltered brings you a high-octane take on the freshest analyst calls, wildest stock moves, and shrewdest commentary in the business world. Executive Editor Brian Sozzi puts Wall Street's finest through their paces in this essential conversation for every investor, before the stock market opens. Find this episode's transcripts and more episodes of Opening Bid Unfiltered at http://finance.yahoo.com/videos/series/opening-bid/. Thoughts? Questions? Fan mail? Please email us at [e-mail]. Yahoo Finance's Opening Bid Unfiltered is hosted by Brian Sozzi and produced by Langston Sessoms. Learn more about your ad choices. Visit megaphone.fm/adchoices