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Watch the "Mind Over Money" documentary on YouTube (see the link below) and discuss it on this forum. Make sure that your main post contains your own views on the documentary (approximately 250 words or more). https://www.youtube.com/watch?v=DWh3Y5OyN34&t=936s Additionally, provide constructive feedback on at least one other student posting on the forum.

Date Posted: 22/10/2017
Category: General
Due Date: 23/10/2017
Instruction
just follow instruction link: https://youtu.be/DWh3Y5OyN34 student to give feedback for his post: This video is a debate from the old way of thinking about economics and the new way coming in. The old way of thinking in economics is by rational thinking. The new way of thinking is that we do not think rationally all the time and emotion do not play in the process. In the real world, it is more than equations and statistics. If this were true we would not have depressions or any huge fluctuations in the economy. In 2008, there was a crash due to everyone thinking irrationally and selling all their stocks and almost crashing the economy. Rationalist said it puts a bad mark on their view of economics. Bubbles are also an idea that rationalist does not like to talk about because emotions drive them. Bubbles are ideas that everyone wants to start selling a product that suddenly became very expensive to make a lot of money. The housing crisis was caused because of the equations used by rationalist thought the prices would continue to go up. They everyone was comfortable with the way thing were going based on the old idea then it all came down very quickly. There is research now that shows how we use some of the most basic types of emotion when we are thinking about money. That means there must be some emotion involved with economic decisions in everyone because deep down in our brain it starts to come on. I believe that there is no way to completely take out emotion in decisions, especially when most are not professionals that know what is right and wrong.
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Thetutor 8 years, 11 months ago
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  • I have completed a couple of related assignments and hence, i know how to incorporate and link scholarly and video information with personal opinion and responses. Thank you.
    Thetutor | Oct 22, 2017, 22:59 PM
  • I also understand that the Mind Over Money documentary explains why mainstream economists failed to predict the crash of 2008 and why we so often make irrational financial decisions. The program reveals how our emotions interfere with our decision-making and explores controversial new arguments about the world of finance.
    Thetutor | Oct 22, 2017, 23:01 PM
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    User_8713 | Oct 22, 2017, 23:08 PM
  • hello
    User_8713 | Oct 22, 2017, 23:09 PM
  • This documentary is very long. It goes for almost one hour. So how many hours can you give me? Can you give me like 5 hours from now?
    IvyleagueGirl | Oct 22, 2017, 23:10 PM
  • This documentary is very long. It goes for almost one hour. So how many hours can you give me? Can you give me like 5 hours from now?
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  • This documentary is very long. It goes for almost one hour. So how many hours can you give me? Can you give me like 5 hours from now?
    IvyleagueGirl | Oct 22, 2017, 23:11 PM
  • Please respond.
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  • yes 5 hours is fine
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    IvyleagueGirl | Oct 22, 2017, 23:14 PM
  • ok , i added a classmate post so you can write a feedback as always , thanks
    User_8713 | Oct 22, 2017, 23:15 PM
  • Okay. I have seen it.
    IvyleagueGirl | Oct 22, 2017, 23:17 PM
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    IvyleagueGirl | Oct 22, 2017, 23:17 PM
  • done
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