Word: behaviorism
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...fear. At a panel discussion on Friday on the seventh floor of the New York Stock Exchange, JPMorgan Chase CEO Jamie Dimon was asked how much more credit crisis is left to play out. "Nobody really knows," he said. "Clearly we're in the panic stage of unreasonable behavior." At the Connecticut offices of UBS, nervous colleagues passed around a joke about why the market was like a divorce but worse: "I've lost half my net worth, and I still have my wife." Off-color humor for off-color times...
...assign a single cause to the behavior of stock markets - which are aggregations of thousands of companies - is at best difficult and at worst foolish. Nonetheless, there were events that were hard to ignore. Insurance contracts tied to the debt of the now defunct Lehman Brothers were finally settled up, and - after much breath-holding - no other firms unraveled. In Washington, black SUVs and town cars of the G-7's central bankers and Treasury officials rolled into town, bringing with them the hope that the people with the power to fix things - assuming there are such people - will collectively...
...concluded that Pakistan did not behave more boldly than one would expect based on the nation’s behavior before obtaining a nuclear arsenal...
...strategy, despite their well-meaning intentions. “What we find, ironically, is that individuals most concerned about what other people think of them on the issue of race will be the most colorblind in their interactions,” he said. “This is the behavior that makes them look more prejudiced in the eyes of black observers when the context of race is relevant.” Apfelbaum pointed out that the researchers are still studying how individuals can best handle the topic of race in social settings without appearing prejudiced. “Sweeping...
...only other person of color who shows up in the novel is Pat’s therapist, Cliff, whom Pat’s brother and friends call a “dot head.” When Pat reveals that he knows Cliff, however, his brother changes his behavior, and the incident is quickly forgotten, if not resolved. The child-like complacency of Pat’s narration only serves to heighten the tension of such comments. Like Pat’s friend Danny, most of the people who populate the novel are walking clichés. Pat?...