25 Comments to “7. Behavioral Finance: The Role of Psychology”

• February 27, 2011 at 2:58 pm
  GoldmarkIndustries says:

  WHEN EVERYONE’S OUT FOR THEMSELVES, THEY WILL DESTIN THEMSELVES FOR “ECONOMIC” FAILURE. WE LIVE IN A WORLD OF GIVE AND TAKE.
  -PEASANT TELEMARKETER & SHOE “SALESMAN”
• February 27, 2011 at 3:20 pm
  chefshitpiece says:

  @TomHartill Yeah, I think you are taking a position that has some merit, and one could argue it very well. Americans are a strange people, with a bizzare subculture.
• February 27, 2011 at 4:09 pm
  TomHartill says:

  @chefshitpiece – Well thats because America is a very insulated and isolated country. Most Americans are very biasd and arrogant and know nothing of the outside world. I can’t remeber the exact figure but I think that over 80% of Americans don’t own passports, while here in the UK the figure is almost opposite.

  In US schools you are taught about America and not much about the outside world, I would even go as far to say that US elementary schools are nothing but propagander factories!!!
• February 27, 2011 at 4:38 pm
  chefshitpiece says:

  @TomHartill Great! Im in my last year of law at London School of Economics! Thanks for the heads up man, I couldnt be happier! But it doesn’t change the fact I have never, EVER in my life heard anyone I went to high school with say “Aw man! I cant wait to get into Uni of Bangledesh” while I have heard plenty off people say “Harvard….if only!”
• February 27, 2011 at 4:43 pm
  TomHartill says:

  @chefshitpiece – The fact still remains that the American educational system could be a hell of a lot better and is simply not as good as a lot of other countries.

  The US education system can only be said to be good at a university level. Now take into account that only students with the cash actually get into uni, and then take into account that 1 in every 4 students will drop out.

  I also read somewhere that a degree at the top US uni’s is only worth half of that of a top UK uni degree.
• February 27, 2011 at 5:38 pm
  chefshitpiece says:

  @TomHartill Beijing was a random example I picked to underscore a more genral point, which I shall now reword: I have been to 3 different high schools, and in my time I do not recall one student ever telling me how he planned to go study in another country. I have heard manhy students say they would love to go to Harvard or cross the pond so they could go to Oxford. This post started off as a discussion about economic collapse and where th eblame lies, not an educational excursion.
• February 27, 2011 at 5:58 pm
  TomHartill says:

  @chefshitpiece – “Beijing” lol, why would you even use that comparison?

  The US has some of the worlds finest universities yes, but only becuase they are very privatised and only students with scholarships and bags of money get to go there. The cost of a decent education in the US is many, many times higher then most Europian countries. Besides having a few good Uni’s does not make a good educational system…
• February 27, 2011 at 6:16 pm
  chefshitpiece says:

  @TomHartill Well, go to NYU campus and walk around. YOu will see many foreign students. Now go to a university and Beijing, see how many American, CAnadian, or English students you see there. Virtually none.
• February 27, 2011 at 6:31 pm
  TomHartill says:

  @chefshitpiece – Why would you go to the states for a good education?

  The only way you really get a good education in the states, is if you have a but load of money, otherwise the US really has a very below average education system.
• February 27, 2011 at 6:47 pm
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• February 27, 2011 at 7:33 pm
  chefshitpiece says:

  @viktorhat Well this is this and that is that…you want Oktoberfest, go to Germany. You want a good education, go to States or England. I think thats pretty much common knowledge, and im not interested in disputing the point with you. Its tedious.
• February 27, 2011 at 8:26 pm
  viktorhat says:

  @chefshitpiece Yeah, the US has universities like NYU and Duke… but it also has universities like Chico State. The US also has, on average, a really poor high-school system. May I mention LA unified school district? Also, the US has managed to kill off most of its industry. Compare the US to Germany.
• February 27, 2011 at 8:46 pm
  chefshitpiece says:

  @viktorhat Sorry, we seem to be walking into a definitional problem here: I dont like your line of reasoning, bcuz society by definition is MADE up of ‘the average’ .As to your second point I feel I have to disagree. US/Canada are some of the best educated countries in the world, (Harvard, Yale, Dartmouth, MIT, do I need to continue?), c’mon man, we have the ed, but the jobs are just not there anymore. Sorry man, I CANNOT agree with you! The facts do not support your line of reasoning.
• February 27, 2011 at 9:14 pm
  viktorhat says:

  @chefshitpiece Well, youre talking about the “average Joe”, but that is someone who has skills that are valued by society. I feel a problem of today’s society is that there are so many people who don’t have an education that helps them get a paid job.
• February 27, 2011 at 9:29 pm
  chefshitpiece says:

  @viktorhat I dont blame you guys and I dont blame the homeowners. BLAME the owners of business who have been scaling back real wages for 3 decades now. If the average bloke was making enuff cake to buy a home on wages alone, THEN this mess never would have happened. Why is everyone blaming the banks? its not their fault the average Joe not even make enuff dough to put a roof over his head!
• February 27, 2011 at 10:26 pm
  doveisle says:

  @CorisDavis913 I hear Scottish accent.
• February 27, 2011 at 10:26 pm
  petersz98 says:

  @CorisDavis913
  He has a Scottish accent!
• February 27, 2011 at 10:26 pm
  Seano71 says:

  @cool70200 thanks to awful, useless regulation
• February 27, 2011 at 11:26 pm
  Seano71 says:

  @CorisDavis913 hardly when he’s a Scot
• February 28, 2011 at 12:00 am
  hei21387111 says:

  This guy made a mistake when he said that Estonian goverment was fallen during crises. I know this because I am from Estonia.
• February 28, 2011 at 12:02 am
  Avidcomp says:

  @viktorhat I’m not blaming you for your failures, I just believe people should be allowed to fail. The competent should pick up the pieces from the incompetent. What we have now is socialism for the rich. We should have let those banking and financial institutions fail. It would be bad for a year or two, then we’d have a market correction and things could grow again. It’s ludicrous to throw good money after bad. The debts now will not be paid off for many years if at all.
• February 28, 2011 at 12:16 am
  viktorhat says:

  @cool70200 Hey, I am one of those “financial hustlers”, don’t blame me. Blame yourself. No one spoke out when people with no income were able to get house loans.
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