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October 06, 2008
The illusion of control and finance
Anders Sandberg writes in Practical Ethics.
Humans regularly see patterns where there are none, Sandberg notes in Fishing outside the reef: the illusion of control and finance, but stress makes this tendency worse. People see more illusory patterns in stock market information. They perceive conspiracies and accept superstitions more readily as they try to regain an illusion of control. Looking at current financial events it seems that not just many financial but many political decisions are taken for exactly this reason.
Posted by Waldemar at October 6, 2008 01:50 PM