tag:blogger.com,1999:blog-7366878066073177705.post5525040605694021139..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: Eat Your Stockstimarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7366878066073177705.post-28772330430364476792010-10-14T09:16:48.549+01:002010-10-14T09:16:48.549+01:00Political economics links desire for money with th...Political economics links desire for money with the development of capitalism when it entered into industrialism and urbanisation. It is important to understand that this move was forced onto population by governments (elites) which were looking to fight and conquer territories in Europe. For this they needed industrial society able to produce heavy arms as technology became ready. And for this they needed people who would work at factories as well as fight. These people agreed to work and fight because they were forcefully urbanized and therefore lost natural access to food. And therefore they strived to get money which would buy them food. The old agricultural society did not need any money and was pretty much barter based.Игры рынкаhttps://www.blogger.com/profile/12001273098690387194noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-17518111347008494632010-10-06T16:51:17.573+01:002010-10-06T16:51:17.573+01:00I recall a related article from New Scientist. Unf...I recall a related <a href="http://www.newscientist.com/article/mg20127001.200-why-money-messes-with-your-mind.html?full=true&print=true" rel="nofollow">article</a> from New Scientist. Unfortunately, I see it's subscriber-only now.<br /><br />Among the points was that money seems to link to primal parts of the brain - just touching money can reduce physical and social pain. References to Daniel Ariely, Barbara Briers, and others.mchlnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-32362070745638453742010-09-22T15:17:37.200+01:002010-09-22T15:17:37.200+01:00psychologists are scientists???psychologists are scientists???schtoonkmeyernoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-38999093363673042492010-09-22T14:41:18.400+01:002010-09-22T14:41:18.400+01:00“ According to economists the only sensible answer...“ According to economists the only sensible answer is to go for the 40 day option…”<br /><br />Economists have studied now-or-later preferences for many decades, while financial economists simply can't work without it, AND the risk aspect. (See fr'instance Markowitz's Nobel work done in the 50's.) In the financial space, the term of art is one's "utility funciton," or how much (more or less) certainty is worth.<br /><br />Not to mention that a lot of work on the named theories are in the behavioral economics and behavioral finance areas.<br /><br />So the claim is bullsh*t.Walt Frenchhttps://www.blogger.com/profile/00873789914522579055noreply@blogger.com