The Psychology of Money20 insights · See all
- Pessimism feels more compelling because humans are wired to prioritize threats and media/financial incentives reward alarm, which makes gloomy narratives more salient than measured, probabilistic optimism.
Pessimism feels more compelling because humans are wired to prioritize threats and media/financial incentives reward alarm, which makes gloomy narratives more salient than measured, probabilistic optimism.
- Financial news functions as entertainment because drama, heroes, and villains amplify emotions and attention, which encourages reactive behavior rather than disciplined investment.
Financial news functions as entertainment because drama, heroes, and villains amplify emotions and attention, which encourages reactive behavior rather than disciplined investment.
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