Documentary of the Psychology of Humans with Money
It's surprising what a little digging can do. This documentary takes on the challenge of answering the highly debatable question economists have been unable to decide on being; are humans emotionally attached to money which causes us to make irrational decisions or is most of society rational thinkers? The interesting thing about this documentary is that it shows scienetific research of both economists and psychologists. The cocnluding research and discussion of the overall direction of the documentary leaned toward humans having irrational behaviour associated with money and this triggering an emotional connection to it is the reason for many of the trends in economy the US has faced and will face; such as the crash of the stock market in 2008 and reaccuring "bubbles" that show up in economic trends. These bubbles are the result of increased buying from citizens on X products when such citizens don't have the money. Once X product has reached its highest price and no one can afford to buy it, a decline trend in buying and selling of X product causes a sudden crash of the products demand and lowers its price dangerously low, the result is inflation. We associate such trend with fluctustions in our economy occuring time and time again; when things are good in economy it is never impossible for things to go very bad.
Beside the documentary being highly informative, it has opened a new light on behaviour and research. As I was conducting my own research on why we behave how we do with money, I often ran into both irattional and rational reasons for human connection to money. The documentary does well in representing those two sides and was able to negate for the most part that yes; although economist believe in the economic theory that most humans think rationally about money and is the reason for a balanced economy, the thruth is we all have an emotional trigger that causes us to behave irrattionally whether we notice it or not. What I started to think about was how immenesly the slightest change can alter the way we behave about money. One example the documentary gives us is the test in which a group of people watched a sad video prior to taking a test which unkowingly influenced the group to buy a product for more than it's worth over another group who had no trigger and would spend less on that same product. I thought about how unavoidable triggers are to us and that the smallest trigger can infuence anyone to make an irrational decision whether we notice it or not.
Just imagine every boom and crash of our economy has all been influenced by the emotional attachment we have toward money and the abnormal behavior it tiggers us to act on. Whether we like it or not, scientifically the slightest mood change alters the decisions we make about moeny and it is almost impossible to not invovle emotions toward any monetary decision. Unfortunately we are incapable of always being rational thinkers with moeny and because of such we see some individuals become consumed of it such as; shopping, gambling, or even becoming cheapskate. What we should all be able to realize is although its hardly impossible to avoid irrational behavior, we shouldn't let such behavior consume our life. Let's be able to see when we are putting to much emphasis on money and when that can turn into problems in our lives.