Listen to the following podcast and answer the questions: Episode 688: Brilliant vs. Boring, Planet Money, March 4, 2016, npr.org (Links to an external site.) 1. Why do people think they can beat the market, even if there is evidence that doing so is very difficult? 2. What are the misperceptions the stockpickers have? 3. How might stockpickers' risk preferences differ from those of their clients? Why might this be the case? 4. In what other areas of life do we see people try to beat the long-run average?