During the late-'90s technology bubble, Griffin and his research partners watched as individual investors kept buying tech stocks as their prices continued tofall, thinking they were buying a bargain when in fact they were hitching themselves to an anchor.
We fall into thinking that economic efficiency getting goods to those with the greatest willingness and ability to pay for them defines the common good.
And you fall victim to the same nagging self-doubt from thinking about that one time you did something right, that you do from dwelling on all the times you did everything wrong.