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Proof that markets are a bunch of fucking nonsense. You will be amazed. From PBS Nova. [View All]

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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-30-11 07:55 PM
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Proof that markets are a bunch of fucking nonsense. You will be amazed. From PBS Nova.
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Edited on Sun Oct-30-11 08:16 PM by originalpckelly
http://www.pbs.org/wgbh/nova/body/mind-over-money.html

Watch it. If this gets around more, which it should, then it will change the world.

It explains how someone could start off with a paper clip and end up with a house.
http://en.wikipedia.org/wiki/One_red_paperclip

Markets are not rational, simply for the fact that the people in them are not rational. We cannot allow the foolish ideas of these folks to continue to run our country, for they will run it into the ground.

Things that blow your mind:

They managed to get people to pay $28 for a $20 bill.

They found that writing down a totally unrelated number, like the last two digits of your SS number, will cause you to estimate the price of something to be higher than it really is, if the SS number is a higher number.
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