Could a Quirk in Human Brain Wind Up Costing Taxpayers $700 Billion Dollars?
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Government Bailout,
Wall Street Psychology,
Economy,
Henry Paulson,
Psychology of Financial Crisis,
Ben Bernanke,
Bailout Plan,
Anchoring,
Wall Street,
Psychology of the Bailout Plan,
Business News
The bailout plan is likely to pass, not because it's good, but simply because all of us -- Senators included -- are vulnerable of a potent cognitive fallacy known as anchoring.
Gary Marcus | Posted 10.24.2008 | Business