Received: by alpheratz.cpm.aca.mmu.ac.uk id TAA21026 (8.6.9/5.3[ref pg@gmsl.co.uk] for cpm.aca.mmu.ac.uk from fmb-majordomo@mmu.ac.uk); Fri, 22 Feb 2002 19:31:28 GMT From: <salice@gmx.net> To: memetics@mmu.ac.uk Date: Fri, 22 Feb 2002 20:26:29 +0100 Content-type: text/plain; charset=US-ASCII Content-transfer-encoding: 7BIT Subject: Re: Two financial thought contagion papers now online Message-ID: <3C76A975.30232.13F5449@localhost> In-reply-to: <LAW2-F94zyfyz5b6KZm00004129@hotmail.com> X-mailer: Pegasus Mail for Win32 (v3.12c) Sender: fmb-majordomo@mmu.ac.uk Precedence: bulk Reply-To: memetics@mmu.ac.uk
On 22 Feb 2002, at 7:05, Grant Callaghan wrote:
> So why do normally rational people make irrational decisions in the face of
> advice to the contrary and end up losing most or all of their accumulated
> wealth?
The thing is that there is no rationality or any real logic in the stock
market. So every advice is subjective. When you compare different
analysis from different institutes you get the whole range of
reconmendations in most cases. There's the trend to buy things
when the analysis is good. A company publishes excellent
numbers - people sell. What makes the stock market different from
a lottery game is that there are people who know more than the
others and people who push or bash.
Thought contagnions and memetic influence is no mere
coincidence in the stock market. Smart investors use it to
influence the market for their own profit.
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