It would be odd, if logically possible, for over-confidence to be separately caused in distinct ways by different forms of society and/or economic systems.
I happen to be noodling now with that issue in re: cost-benefit analysis. My intuition is that over-confidence is ubiquitous in both the public and private sectors because it is a rational sort of 'irrationality.' On Thu, Oct 23, 2008 at 2:17 PM, Jim Devine <[EMAIL PROTECTED]> wrote: > Max Sawicky wrote: > > Methinks optimism bias is not unique to capitalism. Just ask Don > Quixote. > > this is another example of the logical slip I complained about > yesterday. I said that capitalism encourages over-confidence and you > respond with an over-interpretation, i.e., assuming that I said that > capitalism was the _only_ source of over-confidence. > > obviously, other types of society besides capitalism involved > situations where over-confidence is needed as a psychological survival > mechanism. But it's capitalism which tends to make those situations > the rule. (Luckily capitalism hasn't realized that tendency > completely; as noted, there are pre-existing institutions of other > sorts.) > > also, didn't Cervantes see Don Q as crazy? a holdover of feudalism in > the beginnings of capitalism? > -- > Jim Devine / "Nobody told me there'd be days like these / Strange > days indeed -- most peculiar, mama." -- JL. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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