Blowing Bubbles
Hello? Is there anybody in there?Just nod if you can hear me.Is there anyone at home?1
“People are shortsighted, overconfident in so-called predictive skills, and irrationally prone to buying insurance on cheap home appliances. In short, they exhibit tendencies not unlike your not so swift brother-in-law.”
“The human brain responds to high-stakes trading just as it does to the lure of sex. And the riskier trades get, the more the brain craves them.”
“Social conformity drives human beings. Even if the group is wrong, people go along.”
Sounds about right, right? Consider the question: Does raw human emotion dictate financial decisions, or are we rational calculators of our self-interest?
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