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The people in their study (a group of 12, "bunch of volunteers, usually undergraduates but sometimes businesspeople or graduate students") don't seem like a gro
by jotto 16y ago
The people in their study (a group of 12, "bunch of volunteers, usually undergraduates but sometimes businesspeople or graduate students") don't seem like a group that would actually understand the value of their assets despite the value being explicitly clear for purposes of this study. They should do the study with a group of 100 financial experts and see if the results are the same.
- hugh3 16y agoThat would be interesting. Get a bunch of sufficiently sensible people, and give them enough time to think things through, and I doubt they'll have a bubble. Of course this doesn't solve the real-world bubble problem, where we have absolutely no idea what the future payout of an asset will be.
- kd0amg 16y agoThe people in their study don't seem like a group that would actually understand the value of their assets The same could be said of the people who were trying to get rich quick by flipping houses. Every one I heard seemed to think housing prices could never go down.