Word: investers
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...Economics that people will endure more physical discomfort (exposure to an unpleasant noise) for less monetary compensation in a lab setting when they are anchored prior to the experiments to smaller monetary amounts. As I said, we all make dumb choices based on silly information. That's why we invest meaning in dreams. (See TIME's 2004 cover on the science of sleep...
...dumb choices aren't necessarily bad ones. A final finding from the study: When people have dreams about good things happening to their good friends, they are more likely to say those dreams are meaningful than when they have dreams about bad things happening to their friends. Similarly, we invest more meaning in dreams in which our enemies are punished and less meaning in dreams in which our enemies emerge victorious. In short, our interpretation of dreams may say a lot less about some quixotic search for hidden truth than it does about another enduring human quality: optimistic thinking...
...pointing out that today's fiscal problems were delivered by a Republican President and Republican Congress. The same group was equally delighted when Obama said that Bush had used the budget surpluses of 2000 as "an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future...
...Grand Palais in Paris might be an indication of a positive turn of events for the world's economy. Indeed, it may be just the opposite. David Nahmad, one of the world's top private art dealers who doubles as a major world currency trader, says the eagerness to invest cash in art is a very visible confirmation of the skepticism that investors have about the crippled financial system. "People today don't know where to put their money. The banks are fragile, the hedge funds don't exist anymore, stocks are weak," says Nahmad. "It's better to stick...
...taken place with extremely limited supply. "This was a special case," she said of the Paris auction. "But we hope that this will help us unearth more masterpieces, to convince others that this is a good time to sell. We see tonight that people very much still want to invest in art." Nevertheless, the same logic - and the shaky world financial system - may yet convince collectors to hold on to what they...