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Warning: Cannot modify header information - headers already sent by (output started at /home/tig/www/aalf/www/wiki/extensions/DDNAuthPlugin.php:4) in /home/tig/www/aalf/www/wiki/includes/WebResponse.php on line 10 http://beta.aalf.org/wiki/index.php?action=history&feed=atom&title=User%3ANataleePyne225aUser:NataleePyne225a - Revision history2026-11-01T13:34:27ZRevision history for this page on the wikiMediaWiki 1.13.3http://beta.aalf.org/wiki/index.php?title=User:NataleePyne225a&diff=23455&oldid=prevNataleePyne225a: New page: BARELY a week goes by without a report on the level of confidence among consumers, businesspeople and investors. Optimism is what�s wanted�Keynes talked of the �animal spirits� tha...2012-03-14T20:48:58Z<p>New page: BARELY a week goes by without a report on the level of confidence among consumers, businesspeople and investors. Optimism is what�s wanted�Keynes talked of the �animal spirits� tha...</p>
<p><b>New page</b></p><div>BARELY a week goes by without a report on the level of confidence among consumers, businesspeople and investors. Optimism is what�s wanted�Keynes talked of the �animal spirits� that influence economic activity. Pessimists are routinely denounced as Jeremiahs. Those who try to bet on falling prices find their activities are restricted.<br />
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A cheery disposition may be necessary for societies to function. Daniel Kahneman, a psychologist and Nobel economics laureate, has a chapter in his book �Thinking Fast and Slow� which describes overconfidence as �the engine of capitalism�. No entrepreneur can be sure that his planned investment will succeed but if no one took a risk, new products and jobs would never be created. A certain blindness to the odds may be necessary. According to Mr Kahneman, the chances of an American small business surviving for five years are just 35%. But ask individual entrepreneurs about their prospects and 81% think they have a better than seven-in-ten chance of success.</div>NataleePyne225a