groupthink  (Page 1)

I Can’t Keep Up With All The Failures

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Posted by  ▪  Monday, August 24, 2009 at 1:07pm 8/24/2009 at 1:07pm

I can’t keep up with all the ways in which this administration is failing. From the health care restructuring proposals gone sour, to the slippage in Iraq and Afghanistan,...

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Not Too Early For “I Told You So”

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Posted by  ▪  Saturday, February 14, 2009 at 9:23am 2/14/2009 at 9:23am

The day before the presidential election, when Barack Obama’s victory seemed all but certain, I predicted that I would be able to say “I told you so” about what lay ahead:

When this bubble bursts, I will be able to say “I told you so.” Unfortunately, by that point in time, the...

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Groupthink, Obama, The Media, and “I Told You So”

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Posted by  ▪  Monday, November 3, 2008 at 8:14am 11/3/2008 at 8:14am

Robert Shiller’s recent article, Challenging the Crowd in Whispers, Not Shouts, addresses the phenomenon of Groupthink in understanding speculative economic bubbles. Groupthink is a concept developed by Yale psychologist Irving L. Janis to understand why “experts” fail to speak out publicly to warn that the speculative bubble will burst. As described...

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Couldn’t Have Said it Better Myself

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Posted by  ▪  Thursday, October 30, 2008 at 3:08pm 10/30/2008 at 3:08pm

Similar to my post Obama Is Door No. 2, Fouad Ajami in his great article in The Wall Street Journal, Obama and the Politics of Crowds, points out that the hysteria in favor of Barack Obama long ago passed the stage of irrationality:

On the face of it, there is nothing overwhelmingly...

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Fear Stalks The Land

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Posted by  ▪  Monday, October 27, 2008 at 9:18am 10/27/2008 at 9:18am

I created this blog after a conversation with a good friend of mine, someone I respect tremendously for his personal strength under pressure. The topic turned to politics (he brought it up), and we had quite the argument (still friends) over the election. My friend supports Obama, and was shocked that...

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Obama is “Door No. 2”

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Posted by  ▪  Sunday, October 12, 2008 at 5:42pm 10/12/2008 at 5:42pm

The presidential election of 2008 is still three weeks away. By all likely measures, Barack Obama will win. It’s not a foregone conclusion, but a strong likelihood.

Many people point to the recent economic turmoil as the reason for Obama’s rise. In the short run, that theory is correct. Voter anger at...

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