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That's just human psychology. Can't fix that one. It's one of the fundamental anomalies of markets. People also tend to sell more when the price is trending dow
by lend000 5y ago
That's just human psychology. Can't fix that one. It's one of the fundamental anomalies of markets. People also tend to sell more when the price is trending downwards, all other things being equal.
- 8note 5y agoThat does not mean it's not the problem
- xwolfi 5y agoBut where I disagree maybe is that it's a market anomaly. It sounds like a human anomaly but the market is here to allow it to be expressed fairly and in the open so that it corrects itself naturally over time. The alternative is a small group of well educated or armed people planning the economy by 5-year increment for the good of the people. They can be right for very long, but is it fair to prevent us to make mistakes and only allow them ? The market maybe isnt here to maximize efficiency of outcome, but maximize fairness of access ?
- nytgop77 5y agofree market does not maximize anything. it just is. fairness is not in the equation. free market (or something similar) is just good enough way to organize economy with good enough outcomes.
- nicoburns 5y ago> free market does not maximize anything. That's a little too strong. It doesn't maximise efficiency of outcomes. But it does (more or less) maximise profit under free-market rules.
- hypertele-Xii 5y agoThere's this branch of medicine called "therapy" that is specifically about fixing human psychology, and this other thing called "education" that aims to prevent issues identified in human psychology early in people's lives.
- teddyh 5y agoAlso, “religion” and “culture”.