"There are people who woke up on Thursday or Friday morning with deposits in SVB who withdrew their money in a panic—but the thought of doing that would never have crossed their minds had it not been first suggested to them" I have read your book and thoroughly enjoyed it. I disagree with this statement in that the animals on the side of…
"There are people who woke up on Thursday or Friday morning with deposits in SVB who withdrew their money in a panic—but the thought of doing that would never have crossed their minds had it not been first suggested to them"
I have read your book and thoroughly enjoyed it. I disagree with this statement in that the animals on the side of the herd that cannot see the lion only know there is a threat. When the animals next to them begin to run, they instinctively know there is a threat even though they cannot directly see it. This is one of the "benefits" of mimetic behavior. If it turns out there is no carnivore and just a meerkat trying to get some sunshine, then the herd recovers and moves back to a "watchful state". Even if I don't like the outcome of this specific crisis, this worked exactly like it was supposed to.
"There are people who woke up on Thursday or Friday morning with deposits in SVB who withdrew their money in a panic—but the thought of doing that would never have crossed their minds had it not been first suggested to them"
I have read your book and thoroughly enjoyed it. I disagree with this statement in that the animals on the side of the herd that cannot see the lion only know there is a threat. When the animals next to them begin to run, they instinctively know there is a threat even though they cannot directly see it. This is one of the "benefits" of mimetic behavior. If it turns out there is no carnivore and just a meerkat trying to get some sunshine, then the herd recovers and moves back to a "watchful state". Even if I don't like the outcome of this specific crisis, this worked exactly like it was supposed to.