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The high price of the herd mentality

Researchers at Leeds University performed group experiments where volunteers were told to randomly walk around a large hall without talking to each other. A select few were then given more detailed instructions on where to walk. The scientists discovered that people end up blindly following one or two instructed people who appear to know where they’re going. The results of this experiments showed that it only takes 5% of confident looking and instructed people to influence the direction of the 95% of people in the crowd and the 200 volunteers did this without even realising it. (Wikipedia) This was the herd mentality in action.

The high price of the herd mentality


United Kingdom or divided nation? #life

In Saxon times, rivers divided the land now known as the United Kingdom. Drowning was a common cause of death along with plague and having an axe embedded in your skull. There was also the divide between the nobles, the common man and the slaves. At least, Saxon nobles had a duty to those of less noble birth and made sure they had food and shelter. (more…)

Finance Friday: Rich and poor

It’s been an interesting week for me this week, with the stock market falling with lots of ‘profit taking’. No, I don’t think it was just profit taking either. People are nervous and after the way it crashed a few years ago; who can blame them? (more…)

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