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Humans have a natural tendency to discount things that are unpleasant. A site like this one contains a lot of people that have a lot to lose if the economy mak
by metalliqaz 7y ago
Humans have a natural tendency to discount things that are unpleasant. A site like this one contains a lot of people that have a lot to lose if the economy makes a downturn.
This kind of blind spot was featured prominently in The Big Short, especially the Brownfield Capital plot line (2015 film).
[1] https://en.wikipedia.org/wiki/Negativity_bias#Decision-making https://en.wikipedia.org/wiki/Negativity_bias#Decision-makin...
- bilbo0s 7y ago>Humans have a natural tendency to discount things that are unpleasant. I think it might be more accurate to say we discount things that do not support our world views. If something is unpleasant, but supports our world view, even if that thing is not entirely true we give it a lot of weight. If the unpleasantness does not support our worldview however, well, yeah, even if it is completely true, we tend to dismiss that information.
- metalliqaz 7y agoI think what you say is true, but I was referring intentionally to unpleasant things in general. It goes beyond worldviews. There are plenty of things that don't really have to be filtered through a worldview to be bad, like losing your house to a flood, or having your entire retirement wiped out, or being under-insured when you get cancer. Even professional analysts tend to lowball the risk on doomsday events.