Sat.Jul 16, 2016

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The Power of Wishful Thinking

Michael Roberto

Tim Harford writes a great column (The Undercover Economist) for the Financial Times. This weekend's essay is titled, "Brexit and the Power of Wishful Thinking." He derives an important lesson from the widespread Brexit analysis about the way we adhere to our preexisting beliefs. Harford begins by describing an experimental study conducted by Guy Mayraz.