Saturday, March 21, 2009

comment review 03-21-09

from the BIG time post:

17. Doug:

Eggplant…
Don’t Worry, Be Happy

‘The Cassandra effect’
The Cassandra effect is when one believes they know the future happening of a catastrophic event, having already seen it in some way, or even experienced it first hand.

However the person knows there is nothing that can be done to stop the event from happening, and that nobody will believe them if they try to tell others.

For example, in finance, the more you warn your colleagues about the tail risks—the rare but devastating events that can bring the bank down—the more they roll their eyes, give a yawn and change the subject. This eventually leads to self-censorship.

Mar 18, 2009 - 5:02 pm
I think this is sort of what Glenn Beck is talking about when he says people need to speak out instead of remaining silent ... don't self-censor.

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