Crazy is As Crazy Does
Crazy is As Crazy Does
Almost everyone is versed with the auction process. To maximum human, it seems intuitive and plausible. But then you could make the same dialectic almost stock trading. 'Buy cheap and sell high' is a line of dialectic that should entreat to the meanest comprehension, one would think. However, what makes human beings so interesting and their lives so much more exciting is that, despite their wonderful powers of intuition and rationalization, they have a amazing propensity to act ashore emotion, constantly in rebuttal to logic and rationality. It is a phenomenon that continues to confound well-meaning economists struggling to drive markets on the foundation of scientifically exactly designs and equations. What better testimony of this than the economic booms and busts that we are all obtaining a taste of. Or if you attention to be more pedantic, you tin use the words coined by the economists themselves - 'irrational exuberance' and 'negative user sentiment.'
But in mandate apt fully appreciative this phenomenon, one need not limit ego apt macrocosmic accidents. Indeed, some may argue namely hunk hysteria or herd mentality namely a phenomenon always by itself that is quite well a contributing ingredient to such large-scale economic upheavals. So why no revert to the microcosm and consider a distant extra outward example - the uncomplicated auction. On periodical, one auction is only a trade like anybody additional and, as such, the underlying principle ought be the same - i.e. disburse along to how you value the attempt. Aha! But where it gets interesting is whether you pack the athletes in a room and have them listen each other's commands. As presently as the bids have faces and voices and personalities, the amygdala shifts into gear, adrenaline surges, emotion hits in and starts clouding reason. A easy trade has now transformed into a emulation. No longer are the actors performing through the cold and calculating rationality that supposedly merely person creatures are competent of. Instead, all the primal instincts of possessiveness, territorialism, assertion, panic, greed have crept in. The results are gratifying if you are the peddler. (Of course,
lace wedding bridesmaid dresses, in a reverse auction, it's the sellers pitted against each additional so in that case, the customer is sitting beautiful.)
It would seem then that it's not just crowds that tend to activity on our emotions. Even a handful of people or naturally equitable a unattached human being can trigger mawkish reactions that can dissuade reason and sound decree. So powerful are these elementary instincts that the mere suggestion of a human presence is enough to affect us. Take online auctions, case in point, which are now ubiquitous. Even after the veil of seclusion and without the presence of physical cues in cyberspace, bidders tend to agree actively in competition with consumer IDs insofar as they represent human performers. If you have ever participated in anonline auction,
off the shoulder wedding gown, accidents are you have experienced this first hand. Indeed it is this emotional 'thrill' that oftenattracts shopperstosuch sites, even though one would expect them to act in a fairly mechanical way by measuring the offer and bidding among their receivable range. But then where is the amusement in that - the 'fun,' in this case, representing the human factor that motivates one to try and 'beat the system' or 'push the boundary,' whatsoever you select to depict it. In the end, we can lament the present economic crisis and reprove lunatic markets, careless players,
boat neckline wedding gown, unbridled greed, etc... but consider this - we all melodrama a role in driving each other crazy. It's only human!
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