Finance and Economic Prosperity

Question 1

What is the conservative bias

Answer 1

( equivalent to disliking change ) Makes news that confirm our pre-existing thoughts more believable.

Question 2

Fly or Fight Response

Answer 2

when scared, we get a focus on attention and our memory formation intensifies

Question 3

Precautionary Principle

Answer 3

Conservative Theory is that some social and economic systems are really complex to be fully understood. The consequences od mistakenly disrupting them can be catastrofic