Monday, April 9, 2012

Metaphor of the Week

Goes to Charles Hugh Smith, who observes that:
We are like passengers on the Titanic ten minutes after its fatal encounter with the iceberg: we can't believe this grand ship could sink, so we do nothing while it is still possible to influence our fate.
Were the doomed passengers gripped by loss aversion?

Are we?

1 comment:

  1. Charles Hugh Smith is a gob$hite. More like they didn't realise there was a big hole in the side of the ship letting in tons of water - they thought it was only a little one and it was contained by flood compartments.

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