For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.
Kabir SehgalResearchers have found that identical twins who have been separated for long periods of time actually invest in a similar manner. Biology really does affect how we spend money.
Kabir SehgalOn a biological level, the brain registers money as something valuable - even a dollar bill which has no intrinsic value, it's just paper.
Kabir SehgalResearchers have compared brain scans of those people who are making money to those high on cocaine and found that them to be almost identical. Money has a biological and psychological effect on us.
Kabir Sehgal