TIL: the affect heuristic
Nov. 2nd, 2019 11:56 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
“One intriguing finding was that a natural event such as an earthquake could influence estimations of the likelihood of a stock market crash. The respondents in our survey assigned statistically significantly higher probabilities to a stock market crash if there had been an earthquake within thirty miles of their zip code within thirty days, triggering the affect heuristic.”
Robert J. Shiller. “Narrative Economics.”
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Date: 2019-11-02 09:15 pm (UTC)no subject
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