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Market Psychology:Cognative Dissonance=The Final Obstacle B
An SI Board Since February 2002
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Emcee:  Gut Trader Type:  Unmoderated
Cognative Dissonance- The Final obstacle before rational market Valuation.
2001principle.net

2001principle.net

Due to "cognitive dissonance," if a person is asked if a certain idea is true, and his response is, "I don't know," it may not be the case that "sufficient evidence" is lacking. His "I don't know" may be of the "cognitive dissonance" variety. In sum, his doubt can be categorized as being of two possible types:

the logical
"I don't know,"
is based on
logic and reason.

Type I,
the logical "I don't know," is based on logic and reason. For example, before probes landed on Mars and sent back reports, if a scientist had been asked if Mars had life on it, he would have answered simply, "I don't know." The basis for his answer was purely rational. He lacked information. Before the probes scientists had no conclusive proof about whether there was life on Mars. Possibly there was life there, but how could anyone know?

the emotional
"I don't know,"
is completely divorced
from logic and reason.

doubt springs
from a powerful
and subconscious

"I can't take it."

Type II,
the emotional "I don't know," is completely divorced from logic and reason. Doubt here is not based on a lack of evidence or a shortage of information. On the contrary, the evidence here is compelling, but doubt springs from a powerful and subconscious "I can't take it." Examples of this type abound, especially in the history of science [see Menu] where sufficient evidence existed to support new, revolutionary discoveries, but scientists could not accept the evidence, and remained skeptical, for the new findings flew in the face of their views. "Cognitive dissonance," the phenomenon that creates this type of doubt, can provoke bizarre thinking even in those who are noted for logic and reason.
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47wizdomme.comGut Trader-2/25/2002
46This Gorilla Gamer had to meet a margin call strangecosmos.comGut Trader-2/24/2002
45Why most people should invest in mutual funds strangecosmos.comLes H-2/24/2002
44Introspection is a dangerous Toy. GT@ Cognative-Dissonance-for-Pleasure-& Gut Trader-2/24/2002
43<i>> the phenomenon that creates this type of doubt, can provoke bi10K a day-2/24/2002
42Q -Fifth letter of a Nasdaq stock symbol specifying that it is in bankruptcy proGut Trader-2/23/2002
41LOL - alright dude, NOW you scared me...10K a day-2/23/2002
40qqq upside down and flipped is 666 GT@SatanicVerses.comGut Trader-2/23/2002
39Incredibly Incongruent that all the Exchange traded funds invented for investmenGut Trader-2/23/2002
38She is not tall at all. JaneJane4IceCream-2/23/2002
37HWP and CPQ are in a separate amex trust called IAH. Liquidity is too thin for MechanicalMethod-2/23/2002
36One World One Scam--The New World Odor dowjones.com dowjones.com djindexes.coGut Trader-2/23/2002
35OT/ Same theory; only hate whom your told to... only buy stocks that Mary MeekerGut Trader-2/23/2002
34I'm kind of amazed how far the President and Media have been able to run wit10K a day-2/23/2002
33Clinton's Legacy--Oral Sex is not Sex... GT@ShouldaPaid4DryCleaing.cumGut Trader-2/23/2002
32Movie "Traffic" underscored the Cognative Dissonannce on the War on DrGut Trader-2/23/2002
31I don't know. People didn't get real excited about the War On drugs.10K a day-2/23/2002
30Yah. I think they should just sell surplus Bazookas to the american Public...10K a day-2/23/2002
29OT/Gulf War cleared military's 30 year inventory of dust collecting ammo...WGut Trader-2/23/2002
28OK, double down, dude, Blow the F*ck out of Somalia... sad10K a day-2/23/2002
27A woman told me yesterday that the most discriminated oppressed group is White C10K a day-2/23/2002
26Didnt work for 41...43 needs to think out of the XBox.Gut Trader-2/23/2002
25Screw it dude, We Bomb Iraq if Bush approval rating falls below 70 percent...10K a day-2/23/2002
24Fiat Currency,Price of Gold,asbestos ...Did the Glove Really Fit? GT@FreeOJ.comGut Trader-2/23/2002
23The Violence provoked by Bearish Posts on Bull threads was a Classic example if Gut Trader-2/23/2002
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