The Power of Over-Confidence and Fear
It may be argued that emotions not only helped to lead America into the current financial crisis, but may also be helping to keep it there. A recent conference, sponsored by the University of Pennsylvania's Department of Psychiatry and the Psychoanalytic Center of Philadelphia, explored the psychological elements of today's economy.
The conference speakers examined the the over-confidence and the lack of self-discipline that led to the financial bubble, as well as the current emotional trauma and lack of trust that is contributing to economic paralysis. For a summary of the conference from The Wharton School at the University of Pennsylvania, please click here.