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Topic: How irrational are people? - page 2. (Read 2130 times)

sr. member
Activity: 340
Merit: 250
GO http://bitcointa.lk !!! My new nick: jurov
March 30, 2012, 08:01:51 AM
#3
The authors of The Invisible Gorilla book are scientists who answer this very question. Wholeheartedly recommend everyone to read this book. IMHO it is necessary for everyone to overcome described illusions to move forward as a whole civilization.
hero member
Activity: 728
Merit: 500
March 30, 2012, 06:46:11 AM
#2
Just imagine if it was bank tellers. "Take out a little extra the next time you stop by the bank, you may want to pull some of your savings out too."
legendary
Activity: 1218
Merit: 1001
March 30, 2012, 06:05:18 AM
#1
In the UK there is talk of a strike in the uniuon of workers who deliver petrol to garages.  If negotiations fail, there will have to be a week's notice of a strike and there a week of legal shenanigans to be done first.  Once a strike starts, its estimated that there is 2 weeks resilience in the system and the army has trained replacement drivers.  Nothing to worry about - right?  If everything goes wrong, its 4 weeks before we start to run out of fuel

A government minister half-heartedly said "Fill your tanks next time you are at a garage instead of the usual £10 people spend.  Bring a jerry can along and fill that too."

Lo and behold, panic ensures.  I've spent 45 minutes in a traffic jam caused by cars queuing for petrol.  It appears that every garage in the country is besieged by motorists with jerry cans.

http://www.dailymail.co.uk/news/article-2121984/Fuel-shortages-Police-shut-garages-profiteers-look-cash-chaos.html

How does this happen?  How does a peaceful country with no real problems turn into a land of panic stricken people who queue for hours for something that might run out in a month?  I feel like I'm watching people having a collective brain seizure.
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