Everyone knows that. But Ariely also asserts that our stock market problems can't be resolved until trust is restored--something that bailout efforts don't address.
Ariely says:
I don't have much faith in the legislation, but I hope that one of the banks will decide to step out of the herd and be the good guy--eliminating conflict of interests and creating complete transparency.Ariely is the author of Predictably Irrational.
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Susan B. Weiner, CFA
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Copyright 2008 by Susan B. Weiner All rights reserved
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