{"id":300794,"date":"2021-02-10T16:24:25","date_gmt":"2021-02-10T21:24:25","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=300794"},"modified":"2021-02-10T17:11:44","modified_gmt":"2021-02-10T22:11:44","slug":"irrational-exuberance","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2021\/02\/10\/irrational-exuberance\/","title":{"rendered":"Irrational Exuberance"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Why do people buy <a href=\"https:\/\/erickimphotography.com\/blog\/2017\/05\/12\/why-i-want-to-buy-a-lamborghini\/\">Lamborghini&#8217;s<\/a>, 1000HP+ hot rod gasoline guzzler muscle cars, silly expensive streetwear (Supreme) and overrated forms of luxury goods (Louis Vuitton)? Hype is a part of &#8216;<a href=\"https:\/\/en.wikipedia.org\/wiki\/Irrational_exuberance\">irrational exuberance<\/a>&#8216;, first coined by Alan Greenspan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But this is the thing:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Many &#8216;intelligent&#8217; people think that it is &#8216;irrational&#8217; that others act irrationally. <\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">However what I think:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The most rational thing to believe is to understand <strong>people are irrational by nature<\/strong>.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Once we can accept the fact that humans are irrational, and that is &#8216;ok&#8217; &#8230; then we can truly take a more truthful and honest approach to human nature.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Then the question is:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>How can we accept our irrational exuberance, harness it, channel it, and profit from it?<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">ERIC<\/p>\n\n\n\n<!--more-->\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-psychology-by-kim\"><a href=\"https:\/\/erickimphotography.com\/blog\/psychology\/\">PSYCHOLOGY by KIM<\/a><\/h2>\n\n\n<p>Learn more about human psychology<\/p>\n<ol>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2021\/01\/11\/psychology-of-the-photographer\/\">Psychology of the Photographer<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/09\/03\/the-psychology-of-hate\/\">The Psychology of Hate<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/05\/28\/analyze-dissect-and-judge-the-psychology-of-artists-you-admire\/\">Analyze, Dissect, and Judge the Psychology of Artists You Admire<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2018\/05\/24\/how-to-master-your-own-psychology-in-street-photography\/\">How to Master Your Own Psychology in Street Photography<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/08\/25\/social-innovations\/\">Social Innovations<\/a><\/li>\n<li><a href=\"https:\/\/erickimphotography.com\/blog\/2020\/08\/10\/the-psychology-of-an-internet-troll\/\">The Psychology of an Internet Troll<\/a><\/li>\n<\/ol>","protected":false},"excerpt":{"rendered":"<p>Why do people buy Lamborghini&#8217;s, 1000HP+ hot rod gasoline guzzler muscle cars, silly expensive streetwear (Supreme) and overrated forms of luxury goods (Louis Vuitton)? Hype is a part of &#8216;irrational exuberance&#8216;, first coined by \u2026<\/p>\n","protected":false},"author":1,"featured_media":300834,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-300794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-posts"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/erickimphotography.com\/blog\/wp-content\/uploads\/2021\/02\/49EEDC23-5806-4FF3-B40C-D884CAF05C70.jpeg?fit=1668%2C2224&ssl=1","_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/300794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=300794"}],"version-history":[{"count":8,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/300794\/revisions"}],"predecessor-version":[{"id":300819,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/300794\/revisions\/300819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media\/300834"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=300794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=300794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=300794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}