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BBKing · 12-03-2009, 16:07

Misplaced trust, too. People trust each other more when times are good. There's a whole set of human biases involved here, like the one that says 'because I've made a pile of cash, I must have good judgement, therefore the decision to stash my cash with Bernie is good judgement, because I made it'.

12-03-2009, 16:07	#6
BBKing R.I.P. Join Date: Jun 2003 Location: London Services: 20Mb VM CM, Virgin TV Posts: 5,983	Re: Look Who Madoff With Your Money Misplaced trust, too. People trust each other more when times are good. There's a whole set of human biases involved here, like the one that says 'because I've made a pile of cash, I must have good judgement, therefore the decision to stash my cash with Bernie is good judgement, because I made it'.