{"id":38492,"date":"2018-09-29T11:12:39","date_gmt":"2018-09-29T16:12:39","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38492"},"modified":"2018-09-29T11:12:39","modified_gmt":"2018-09-29T16:12:39","slug":"of-stocks-scotus-the-perils-of-memory","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38492","title":{"rendered":"Of Stocks &#038; SCOTUS: The Perils Of Memory"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-09-28\/stocks-scotus-perils-memory\"><span class=\"field field--name-title field--type-string field--label-hidden\">Of Stocks &amp; SCOTUS: The Perils Of Memory<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1628\" data-gtm-vis-first-on-screen-2077925_22=\"1628\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p><a href=\"http:\/\/datatrekresearch.com\/\"><em>Authored by Nicholas Colas via DataTrekResearch.com,<\/em><\/a><\/p>\n<p><strong>We have been thinking a lot about human memory over the last few days.<\/strong> Part of that is some lingering thought about the 10-year Lehman bankruptcy anniversary earlier this month. Another is the fact that Monday will be the one-year mark for DataTrek publishing these notes. And, of course, the Supreme Court nomination hearings today put human memory in a starring role.<\/p>\n<p><strong>The science of memory shows this subject is much more complex than most of us realize.\u00a0<\/strong>One classic example:<\/p>\n<ul type=\"disc\">\n<li>Daniel Kahneman, who won a Nobel Prize for Prospect Theory, once did an experiment with subjects who were undergoing a colonoscopy.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Some patients received the standard exam, which featured an especially painful part near the end of the procedure. This is one reason colonoscopies had a bad rap for so long.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>Others had their procedure altered so the last part was not so painful.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>The latter remembered the whole event as being much less painful than those where the last bits were especially difficult. Same procedure, but entirely different memories based on whether the last slice of time was easy or hard.<\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>As an aside, we\u2019ve watched Kahneman\u2019s TED talk more times than we can remember. It is worth a look if you haven\u2019t seen it.<\/li>\n<\/ul>\n<div>\n<div><iframe loading=\"lazy\" src=\"https:\/\/embed.ted.com\/talks\/lang\/en\/daniel_kahneman_the_riddle_of_experience_vs_memory\" width=\"854\" height=\"480\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<p><strong>The researcher we follow most closely on the topic of memory is American academic Elizabeth Loftus of UC Irvine.\u00a0<\/strong>One of her specialties is how eyewitness testimony in criminal cases can be incorrect, leading to false convictions. The crossover to the stresses of investing and how those affect our memories is what drew us first to her work. Here is a sample:<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Of Stocks &amp; SCOTUS: The Perils Of Memory Authored by Nicholas Colas via DataTrekResearch.com, We have been thinking a lot about human memory over the last few days. Part of that is some lingering thought about the 10-year Lehman bankruptcy anniversary earlier this month. Another is the fact that Monday will be the one-year mark [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[18302,21832,22018,15250,22017,4318],"class_list":["post-38492","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-daniel-kahneman","tag-data-trek-research","tag-elizabeth-loftus","tag-experience","tag-memory","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38492"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38492\/revisions"}],"predecessor-version":[{"id":38493,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38492\/revisions\/38493"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}