2012/7/25 Jed Rothwell <[email protected]> > Alain Sepeda <[email protected]> wrote: > > >> about Enron, >> read >> >> http://www.princeton.edu/~rbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdf<http://www.princeton.edu/%7Erbenabou/papers/Patterns%20of%20Denial%204l%20fin.pdf> >> it was sincere self delusion leading to perceived as rational "honest" >> fraud, and not simple scam. > > > I agree it was self-delusion. I think that is more common that people > realize. Con-men often con themselves. > > That is a really good paper. This is "Appendix A: Patterns of Denial." > Appendix A to what? Here is the main index of papers: > > http://www.princeton.edu/~rbenabou/papers.html > > - Jed > > it is the appendices of http://www.princeton.edu/%7Erbenabou/papers/Groupthink%20IOM%202012_07_02%20paper.pdf "Groupthink: Collective Delusions in Organizations and Markets<http://www.princeton.edu/%7Erbenabou/papers/Groupthink%20IOM%202012_07_02%20paper.pdf>",
he have a collection of papers, based on his model... about belief in a just world (how two different stable state can emerge in EU, and US, despite similar systems), about belief in state or market,... it looks like a paper that says that you can be delusioned all the time, but in fact there are case where the realist side can be detected. delusion came from the impact of a change of beliefe on your estimated wealth. another factor is how the others delusioned can incur you cost. If you have no investment, no cost from others, you can afford to be realist. the behavior of Concezzi, let no doubt. When I was analyzing cold fusion the first time, I took a realist decision (in 92-93). Now I can be self delusionned. especially since I talk much on that subject. i have to watch myself. (NB: funny to see Total Recall movie advertized) When Celani, a skeptic, get into LENR experiment, and get his first success, he was realist. that is the problem with that theory. people are not realist by nature, but because of their own investment and their dependencies on others beliefs. independent, non demanding newcomers, are normally realists.
