Thursday, January 17, 2008

When it comes to money, people are funny

This study in demonstrates the irrationality of people when money is concerned.


"Millions of years ago, the psychology of relative social ranking, supply and demand and economic loss aversion evolved in the earliest primate traders."

And there are STILL some folks on the blogs locally who think that you can't talk the economy into a recession.

1 comment:

  1. I thoroughly enjoyed this article. Of course as a psy major I fed on this sort of trivia almost daily.

    Here is an interesting psychological dilemma concerning money about me that I could never understand: As a counselor I often had to discuss people’s sex lives with them. I had no problems or embarrassment with this topic. Then I tried real estate sales for a couple years as a lark. I found that I could not bring myself to discuss people’s financial status with them without being embarrassed. Naturally not being able to determine people’s ability to buy I wasn’t very successful at real estate sales! BB