Peter Atwater (@Peter_Atwater) will join Steve on the show today to break down the Great Financial Crisis of 2007-8. Peter is an author, professor, researcher, and consultant. His work focuses on the study of confidence and how it affects the decisions we make. He recently released the book The Confidence Map, where he deep dives into the subject with the framing of his Confidence Quadrants. Tune in to hear about "Overconfidence Bingo" and what happens to financial terms with cute names.
1:35 Peter’s Beginning in the GFC
5:15 Housing Bubble
8:05 Peter’s Confidence Quadrants
10:25 Comfort Zone and Overconfidence
12:40 Information Flows and What is News
17:10 Underconfidence and Sentiment Lows in the GFC
20:05 Similarities between Bubbles
24:15 Consistent Mindframes
29:20 Launch Pad and Economic Cycles
The Confidence Map:
More of Peter’s work:
https://twitter.com/Peter_Atwater