My broke brain broke the bank.
May 14, 2010 12:02 PM Subscribe
"In order for somebody to understand something, belief is a necessary precondition." On Descartes vs. Spinoza, the necessity of the suspension of disbelief to the creation of belief, the rarity of skepticism and the myths we refuse to stop telling ourselves. Finance blogger Edward Harrison of Credit Writedowns uses an essay by analyst by analyst James Montier citing the work of Daniel Gilbert to ponder whether we are doomed to be destroyed by distraction, and suggests that " financial calamity and economic collapse are really the only way" to destroy the Efficient Markets Hypothosis.
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