Wednesday, April 07, 2010
Economic Biases; Poor Reasoning
A great post on The Big Picture Blog describing how our biases have guided how we perceive the economic changes over the last several years.
While this type of behavior isn't anything new--we are all human after all--biases and irrational conclusions seem to be getting a stronger lift through media outlets on both sides. It is still amazing to me that even among individuals who are educated fall victim to biases and do nothing to change their habits. They rarely weed through their ideology to get to the real truth. As a psychologist once told me, "People are afraid of what they don't know or what makes them uncomfortable."
How do individuals perceive FINANCIAL REGULATORY REFORM, INFLATION, CREDIT CRISIS, MARKETS? Read ON HERE