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Fighting Instincts - Conformity?
12-09-2014, 02:50 PM.
Post: #1
Fighting Instincts - Conformity?
//////////////

Why do people conform?

# People wants to be accepted as part of the group, and don’t want to be different.

# People assumes that others probably know more than they do, especially they lack information or do not know the answer.

This “preference” towards conformity may appear to be more powerful than we think. Eisenberger and Liebermann conducted experiments into social exclusion in 2004. Technology was employed to see which areas of the brain were affected. As reported in Science magazine, what they discovered was “the pain of social exclusion is felt in exactly the same parts of the brain that feel physical pain {and} the brain may treat abstract social experiences and concrete physical experiences as more similar than is generally assumed.” (my Q. - So sticks and stones will break my bones but words will never harm me is untrue? Or emotional pain can even be greater than physical pain is true?)

So whilst it is more than disturbing to see people cast aside the truth and embrace what they know to be false, as in Asch experiment, going against the crowd may feel similar to being punched in the face as far as your brain is concerned.

An unholy alliance of wanting to run with the herd, fear in the face of ambiguity and manifestations similar to physical pain appear to be joining forces, all of which will conspire to decrease the quality of our investments.

NB:
i now understand why we herd better. How about you? What do you still think? The same or differently already about why we herd?
=========== Signature ===========
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.

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12-09-2014, 03:20 PM.
Post: #2
RE: Fighting Instincts - Conformity?
(12-09-2014, 02:50 PM)Temperament Wrote: //////////////

Why do people conform?

# People wants to be accepted as part of the group, and don’t want to be different.

# People assumes that others probably know more than they do, especially they lack information or do not know the answer.

This “preference” towards conformity may appear to be more powerful than we think. Eisenberger and Liebermann conducted experiments into social exclusion in 2004. Technology was employed to see which areas of the brain were affected. As reported in Science magazine, what they discovered was “the pain of social exclusion is felt in exactly the same parts of the brain that feel physical pain {and} the brain may treat abstract social experiences and concrete physical experiences as more similar than is generally assumed.” (my Q. - So sticks and stones will break my bones but words will never harm me is untrue? Or emotional pain can even be greater than physical pain is true?)

So whilst it is more than disturbing to see people cast aside the truth and embrace what they know to be false, as in Asch experiment, going against the crowd may feel similar to being punched in the face as far as your brain is concerned.

An unholy alliance of wanting to run with the herd, fear in the face of ambiguity and manifestations similar to physical pain appear to be joining forces, all of which will conspire to decrease the quality of our investments.

NB:
i now understand why we herd better. How about you? What do you still think? The same or differently already about why we herd?

Temp,

I concur fully. That's the reason why we are still caught in the latest property bubble even though history has occurred in 1997. It has been preset in people's mind to be better or at least on par with others. Face value is so important to many, still to me it is most important to be the last man standing. =)

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12-09-2014, 04:17 PM. (This post was last modified: 12-09-2014, 04:19 PM by specuvestor.)
Post: #3
RE: Fighting Instincts - Conformity?
(12-09-2014, 03:20 PM)Belg Wrote: Face value is so important to many, still to me it is most important to be the last man standing. =)

It is not about who is right; but who is left Smile

I think the psychology of "comfort in numbers" is also a case of people don't want to get punched in the face Smile
=========== Signature ===========
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)

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12-09-2014, 04:19 PM.
Post: #4
RE: Fighting Instincts - Conformity?
(12-09-2014, 04:17 PM)specuvestor Wrote:
(12-09-2014, 03:20 PM)Belg Wrote: Face value is so important to many, still to me it is most important to be the last man standing. =)

It is not about who is right; but who is left Smile

Only when the tide goes out do you discover who's been swimming naked.

W.B.

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12-09-2014, 09:41 PM.
Post: #5
RE: Fighting Instincts - Conformity?
(12-09-2014, 04:17 PM)specuvestor Wrote:
(12-09-2014, 03:20 PM)Belg Wrote: Face value is so important to many, still to me it is most important to be the last man standing. =)

It is not about who is right; but who is left Smile

I think the psychology of "comfort in numbers" is also a case of people don't want to get punched in the face Smile

And Keyes put it so beautifully as to the extent of it - it is better for reputation to fail conventionally than succeed unconventionally.

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