If There Is Time To Reflect, Slowing

Banks Are Run By Executives, And Executives Protect Themselves, And That Does Not Always Mean That Banks Are Going To Behave Rationally.

Doubts Are Suppressed By Groups... But Remember That The Internal Incentives That Shape How The Group Perceives Risks And Rewards May Be Very Different From The Reality Of The Risks And Rewards In The External Marketplace. Those Incentives Can Distort Risk Perception.

Policy Makers, Like Most People, Normally Feel That They Already Know All The Psychology And All The Sociology They Are Likely To Need For Their Decisions. I Don't Think They Are Right, But That's The Way It Is.

People's Mood Is Really Determined Primarily By Their Genetic Make-up And Personality, And In The Second Place By Their Immediate Context, And Only In The Third And Fourth Place By Worries And Concerns And Other Things Like That.

Doubting What You See Is A Very Odd Experience. And Doubting What You Remember Is A Little Less Odd Than Doubting What You See. But It's Also A Pretty Odd Experience, Because Some Memories Come With A Very Compelling Sense Of Truth About Them, And That Happens To Be The Case Even For Memories That Are Not True.