Animal Spirits in America, April 2009

Preprint English OPEN
Middleton, Elliott;
  • Subject: Nonlinear Sciences - Adaptation and Self-Organizing Systems

Adaptation level and animal spirits (Middleton 1996) presented a psychophysical theory of confidence levels based on the oldest and probably most widely observed law in psychology, the sensitivity to adaptation level. For Americans, whose attachments to employment and l... View more
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