Re:Does prospect theory explain Trump and Brexit votes?
by adamkittelson on Monday November 21, 2016 @11:09PM
(#13011548)
It felt like they weren't just predicting disaster, but hoping for it. Like being right about Trump's election victory having dire consequences is somehow preferable to everything turning out ok despite their candidate losing.
After crying and being distraught for an hour or two, a glimmer of hope arose - after-hours and international stock market was down. And suddenly their demeanor changed, there was a chance again of a tiny victory. They were predicting disaster with the same certainty as they predicted Hillary winning. There was talk of everyone's accounts being wiped out, a lot of "we told you" and so on.
And of course next day stocks went right up and nothing happened.
I just liked it because right after talking how they mispredicted the election so badly, they turned around and predicted something else, which again was quickly shown to be false.
So I do recommend watching the popular news channels, they are a pretty good source of entertainment. Read Manufacturing Consent by Herman and Chomsky and it becomes even funnier.