On a similar topic, what would be the psychological profile of investors who knowingly (and intelligently) pursue high risk strategies or businesses? Would some of the great entrepreneurs or investors of our age score highly on measures of the dark triad?
Bitcoin is different to crypto as more low time preference people like the asset. I personally like a hedge against idiots (narcissists, psychopaths, and Machiavellians) blowing up the financial system due to reckless fiscal/monetary policy. Still might not pay off and great if it doesn't but that isn't how insurance works :)
On a similar topic, what would be the psychological profile of investors who knowingly (and intelligently) pursue high risk strategies or businesses? Would some of the great entrepreneurs or investors of our age score highly on measures of the dark triad?
Oh yes they do. Narcissists and people scoring high on the dark triad are more prevalent among executives and criminals. Here is the overview article that discusses this: https://www.researchgate.net/profile/Delroy-Paulhus/publication/285023216_The_Dark_Triad_A_10year_review/links/5a16c5700f7e9be37f9421ca/The-Dark-Triad-A-10year-review.pdf
Bitcoin is different to crypto as more low time preference people like the asset. I personally like a hedge against idiots (narcissists, psychopaths, and Machiavellians) blowing up the financial system due to reckless fiscal/monetary policy. Still might not pay off and great if it doesn't but that isn't how insurance works :)