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Saying that layoffs are imitative behavior is no more useful than noticing that almost all behavior can be described as “imitative” If you hear people yelling
by AbrahamParangi 4y ago
Saying that layoffs are imitative behavior is no more useful than noticing that almost all behavior can be described as “imitative”
If you hear people yelling fire and see people stampeding for the exit, does that mean there actually is a fire? No, certainly not, it could just be a panic.
But does that mean that you should stay put and wait and see if everyone else is wrong?
- dieselgate 4y agoIndeed, isn’t this kind of the definition of a “market” though? The analogy of yelling fire is a good one for this context
- marcosdumay 4y agoYou certainly should stay put long enough to see if there's a fire, where it is, and what is the best exit to use. People that don't do that have a much higher tendency to die on the accident.