Re: Two financial thought contagion papers now online

Date: Fri Feb 22 2002 - 19:26:29 GMT

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    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.

    This was distributed via the memetics list associated with the
    Journal of Memetics - Evolutionary Models of Information Transmission
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