Ananish Chaudhuri's guest appearances

Ananish Chaudhuri

Early Edition with Kate Hawkesby

NZ Everyday Investor

Free Speech Union's Podcast

Business Games

David Seymour

Tony Alexander

Winston Peters

David Cumin

Oliver Hartwich

Simon O'Connor

James Shaw

James Fuller

Sam Stubbs

Michael Reddell

Jordan Williams

Sharon Zollner

Jarrod Kerr

Dean Anderson

Paul Moon

OwlTail

Free Speech Union spokesperson Rahera Poulain speaks with economist Ananish Chaudhuri about the importance of Free Speech and the troubling lack of criticism from the media and the opposition to the mounting examples of government overreach we've seen throughout the pandemic response. A thought-provoking interview with a world-renowned mind. Enjoy and if you haven't already join the Free Speech Union today at www.fsu/join  Support the show

Free Speech Union spokesperson Rahera Poulain speaks with economist Ananish Chaudhuri about the importance of Free Speech and the troubling lack of criticism from the media and the opposition to the mounting examples of government overreach we've seen throughout the pandemic response. A thought-provoking interview with a world-renowned mind. Enjoy and if you haven't already join the Free Speech Union today at www.fsu/join  <a href="https://www.freespeechcoalition.nz/donate" rel="payment nofollow" target="_blank">Support the show</a>

Interview with Economist Ananish Chaudhuri

The Rise and The Risks of Night Trading  —————————————————— Professor Ananish Chaudhuri of the University of Auckland has made a career out of building games to test out economics theories. His most recent research looks into the impact of sleepiness on the behaviors of the growing class of ‘night traders’. Our podcast digs into trading, investing, the differences, and why, above all else, the most critical investment strategy is actually to have a strategy in the first place.   —————————————————— Would you consider it a good idea to hop behind the wheel with a few beers under your belt? What about trading stocks?  There’s plenty of evidence to show that drunk people are far more likely to underestimate the downside of a decision, which is a key reason why 16,000 New Zealanders still drink-drive every year. I sat down with Professor Ananish Chaudhuri from the University of Auckland to figure out why, and how these same risk management impairments people display when they’re inebriated, also extend to people who’re exhausted. Years ago, Chaudhuri read a Forbes article looking into the rise of a particular new investor — the night trader. Armed with his understanding of how exhaustion impacts the likes of shift workers, he set out to learn whether people chugging red bulls late into the night trading stocks were ultimately doing themselves a disservice. The resulting research, which asked uni students to trade at varying hours in the day (and night), had some intriguing results for a growing number of Kiwi traders.  “People who were sleepy made systematic mistakes,” said Chaudhuri. Even knowing how the game works, is not enough to inform participants well. You would assume the old rule of thumb applies here - buy low and sell high. In reality, the opposite of this occurs. “They buy late in the game at high prices, and hold on to these stocks much later. So when the market crashes, they lose money.” Not only that, but ‘alert people,’ those working at more optimal times, were intentionally taking advantage of the sleepy suckers.  One of the most interesting things to learn for investors reading about this study, is that it doesn't make a difference if you're playing with small or large sums of money. Even though the participants of the study were working with chump change, Chaudhuri says that risk taking habits with small sums are generally consistent when the same people are dealing with far bigger numbers. Now this isn't another safety announcement around what you should or should not allow your adult-children to do with their money. What we know is that there’s real value in what traders do (provides liquidity and price discovery etc). Some say trading can be a profitable exercise too (well at least at the start they say this). There's two things I can say about this for certain about people who trade (and I include myself here!): They’re either going to get an expensive education or, they could lose money and end up just as dumb. As much as I don’t want people to lose money, I think there’s still more to be gained by investor experimentation than there is by staying away from trading. _______________________________________________________________________ The NZ Everyday Investor is brought to you in partnership with Hatch. Hatch, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock. So, if you're listening in right now and have thought about investing in the US share markets, well, Hatch has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your Hatch account of $100NZD or more.  Just go to https://hatch.as/NZEverydayInvestor to grab your top up.  ________________________________________________________________________ Like what you’ve heard? You can really help with the success of the NZ Everyday Investor by doing the following: 1- Tell your friends! 2- Write a review on Facebook, or your favourite podcast player 3- Help support the mission of our show on Patreon by contributing here 4- To catch the live episodes, please ensure you have subscribed to us on Youtube:  5- Sign up to our newsletter here NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person! Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives. _____________________________________________________________________________

The Rise and The Risks of Night Trading  —————————————————— Professor Ananish Chaudhuri of the University of Auckland has made a career out of building games to test out economics theories. His most recent research looks into the impact of sleepiness on the behaviors of the growing class of ‘night traders’. Our podcast digs into trading, investing, the differences, and why, above all else, the most critical investment strategy is actually to have a strategy in the first place.   —————————————————— Would you consider it a good idea to hop behind the wheel with a few beers under your belt? What about trading stocks?  There’s plenty of evidence to show that drunk people are far more likely to underestimate the downside of a decision, which is a key reason why 16,000 New Zealanders still drink-drive every year. I sat down with Professor Ananish Chaudhuri from the University of Auckland to figure out why, and how these same risk management impairments people display when they’re inebriated, also extend to people who’re exhausted. Years ago, Chaudhuri read a <a href="https://www.forbes.com/sites/emilylambert/2011/03/17/all-the-cool-kids-are-night-trading/#4ea402d74f6a" rel="nofollow" target="_blank">Forbes article</a> looking into the rise of a particular new investor — the night trader. Armed with his understanding of how exhaustion impacts the likes of shift workers, he set out to learn whether people chugging red bulls late into the night trading stocks were ultimately doing themselves a disservice. The resulting research, which asked uni students to trade at varying hours in the day (and night), had some intriguing results for a growing number of Kiwi traders.  “People who were sleepy made systematic mistakes,” said Chaudhuri. Even knowing how the game works, is not enough to inform participants well. You would assume the old rule of thumb applies here - buy low and sell high. In reality, the opposite of this occurs. “They buy late in the game at high prices, and hold on to these stocks much later. So when the market crashes, they lose money.” Not only that, but ‘alert people,’ those working at more optimal times, were intentionally taking advantage of the sleepy suckers.  One of the most interesting things to learn for investors reading about this study, is that it doesn't make a difference if you're playing with small or large sums of money. Even though the participants of the study were working with chump change, Chaudhuri says that risk taking habits with small sums are generally consistent when the same people are dealing with far bigger numbers. Now this isn't another safety announcement around what you should or should not allow your adult-children to do with their money. What we know is that there’s real value in what traders do (provides liquidity and price discovery etc). Some say trading can be a profitable exercise too (well at least at the start they say this). There's two things I can say about this for certain about people who trade (and I include myself here!): They’re either going to get an expensive education or, they could lose money and end up just as dumb. As much as I don’t want people to lose money, I think there’s still more to be gained by investor experimentation than there is by staying away from trading. _______________________________________________________________________ The NZ Everyday Investor is brought to you in partnership with <a href="https://hatch.as/NZEverydayInvestor" rel="nofollow" target="_blank">Hatch</a>. <a href="https://hatch.as/NZEverydayInvestor" rel="nofollow" target="_blank">Hatch</a>, let's you become a shareholder in the world's biggest companies and funds. We're talking about Apple and Zoom, Vanguard and Blackrock. So, if you're listening in right now and have thought about investing in the US share markets, well, <a href="https://hatch.as/NZEverydayInvestor" rel="nofollow" target="_blank">Hatch </a>has given us a special offer just for you... they'll give you a $20 NZD top-up when you make an initial deposit into your <a href="https://hatch.as/NZEverydayInvestor" rel="nofollow" target="_blank">Hatch </a>account of $100NZD or more.  Just go to <a href="https://hatch.as/NZEverydayInvestor" rel="nofollow" target="_blank">https://hatch.as/NZEverydayInvestor</a> to grab your top up.  ________________________________________________________________________ Like what you’ve heard? You can really help with the success of the NZ Everyday Investor by doing the following: 1- Tell your friends! 2- Write a review on <a href="https://www.facebook.com/TheNZEverydayInvestor/" rel="nofollow" target="_blank">Facebook</a>, or your favourite podcast player 3- Help support the mission of our show on <a href="https://www.patreon.com/Nzeverydayinvestorpodcast" rel="nofollow" target="_blank">Patreon by contributing here</a> 4- To catch the live episodes, please ensure <a href="https://ungaro.co.nz/nzeverydayinvestor/" rel="nofollow" target="_blank">you have subscribed to us on Youtube</a>:  5- <a href="https://ungaro.co.nz/nzeverydayinvestor/" rel="nofollow" target="_blank">Sign up to our newsletter here</a> NZ Everyday Investor is on a mission to increase financial literacy and make investing more accessible for the everyday person! Please ensure that you act independently from any of the content provided in these episodes - it should not be considered personalised financial advice for you. This means, you should either do your own research taking on board a broad range of opinions, or ideally, consult and engage an authorised financial adviser to provide guidance around your specific goals and objectives. _____________________________________________________________________________

The Rise and The Risks of Night Trading / Ananish Chaudhuri

A call to trust returning New Zealanders rather than hand them large bills.A charge for new arrivals to quarantine appears to be a given - with National unveiling its plans to charge adults returning to New Zealand $3,000.Labour has welcomed the opposition party's support for such a plan, with Minister in charge Megan Woods telling media the government is working through the legality of such a charge - and it will be discussed at Cabinet today. But, Auckland University experimental economics professor Ananish Chaudhuri thinks it's overkill.He told Kate Hawkesby a better option could be a return to self-isolation, with better investment in contact tracing."Why not have much better contact tracing? You should be able to keep track of these people [and] ask them to show up for a three day and a 12 day swab test."He says it's tough on those who left the country well before Covid."At no point did the Government tell these Kiwis 'if you don't return to New Zealand by this date, you will have to pay - for a family of four, with two kids above three, you will be paying $5,000'."However, Infometrics Senior Economist Brad Olsen says if we don't charge, isolation is not financially sustainable."It means that we can continue to have people come over the border, without New Zealand having to make any harsh cuts to managed isolation facilities might be able to hold."

A call to trust returning New Zealanders rather than hand them large bills. A charge for new arrivals to quarantine appears to be a given - with National unveiling its plans to charge adults returning to New Zealand $3,000. Labour has welcomed the opposition party's support for such a plan, with Minister in charge Megan Woods telling media the government is working through the legality of such a charge - and it will be discussed at Cabinet today.  But, Auckland University experimental economics professor Ananish Chaudhuri thinks it's overkill. He told Kate Hawkesby a better option could be a return to self-isolation, with better investment in contact tracing. "Why not have much better contact tracing? You should be able to keep track of these people [and] ask them to show up for a three day and a 12 day swab test." He says it's tough on those who left the country well before Covid. "At no point did the Government tell these Kiwis 'if you don't return to New Zealand by this date, you will have to pay - for a family of four, with two kids above three, you will be paying $5,000'." However, Infometrics Senior Economist Brad Olsen says if we don't charge, isolation is not financially sustainable. "It means that we can continue to have people come over the border, without New Zealand having to make any harsh cuts to managed isolation facilities might be able to hold."

Ananish Chaudhuri: Experimental economist says self-isolation charge is overkll