CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Sunday, March 23, 2008
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
Previous Posts
- Global Warming/Cooling Updates
- Washington State Economy Has Never Been Better
- Obama: 4 to 1 Favorite Over Clinton
- French & German Are Out, Hindi & Mandarin Are IN
- If Life is So Awful Today, Why Do So Many College ...
- Watch Out for "Big Egg"
- Browser Preference
- The End of the Crisis in Mortgage Credit Markets?
- Long-term Mortgage Rates Plummet
- Walking Is NOT Carbon-Neutral and Zero Emission
4 Comments:
Not really as the other option is to be hanged.
The fact is nevertheless quite remarkable. Who would think that the country which leads the world in consumption of solar energy was China or that the laws of Salem offered property rights to women and had provisions for divorce which were almost unheard of in Europe?
It is very easy to dismiss what does not fit our perception of what kind of society Iran is. Once we make a initial assessment decision (an anchor), this assessment colors our future decisions/perceptions.
Predictably Irrational by Dan Arielly has some interesting experiments on how our decisions are influenced by pricing anchors. There is also a Harvard medical school prof who recently wrote a book about the influence of anchors in misdiagnosis in the medical profession. What he found was that once a physician had made an initial judgement about the diagnosis, he/she often stuck with the original diagnosis ignoring or dismissing other symptoms which did not fit leading to misdiagnosis.
It is curious that we will be drawn to certain ideas while discarding others which don't fit our pre-conceived notions. Perhaps, things we think are counter-intuitive are also deserving of our attention.
So what's the motivation for Thailand being #1?
Sex change?!?!
Hmmm, let's call it what it is, mutilation of one's sexual organs...
Men who transpose themselves into 'pseudo women' can't give birth and women who change over faux men can't make someone pregnant...
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