The *worst thing* about democracy is this thing people do where they vote based on peer pressure anticipating how everyone else will vote The irrational feedback loop this causes is responsible for at least 50% of the disastrous decisions made by voting
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Replying to @arthur_affect
Interestingly, we appear to be okay using an identical process as a tentpole to prop up major portions of our economy, i.e. the stock market
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Replying to @otorhinosaur @arthur_affect
I think people gain little a rationality when money is involved. Maybe
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Not really. I'm saving up money from my part time job and investing in stable, low risk index funds, and growth has been stagnant for weeks or even slightly negative because of "the Coronavirus". No one can say how they think the NASDAQ is directly affected, they just panic
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Over time these things tend to wash out, but "over time" is of course a very loaded pair of words
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