18
Nov

Herd Mentality: The Asch Experiment

About one and a half week back, I wrote an article on Herd Mentality. Check out this hilarious video below on a classic experiment called The Asch Experiment on herding.

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There's 4 Comments So Far

  • Arthur
    November 27th, 2011 at 2:43 am

    This prove that herd mentality exist everywhere, even among silver investor…. there is a trend of buying all the numismatic coins in malaysia now, but I doubt there are really that much demand for numismatic coin collector, all just hope to buy and sell higher while there might not be such demand, this is how a bubble formed.

  • KH
    November 27th, 2011 at 9:50 am

    Thank you Arthur for your comment.

    Numismatic coin is a different league all together. People who buys numismatic coins are usually collectors. To profit, a collector would need to sell it to another collector.

    I wrote an article on these before: http://investsilvermalaysia.com/silver-bullion-investor-vs-silver-collector/

    Cheers :)

  • Arthur
    November 27th, 2011 at 4:40 pm

    Well I am more on bullion investor side but I wouldn’t consider silver futures and ETF these financial products as they have counter-party risk which is one big factor I would like to avoid, once the market collapse I doubt COMEX will have enough silver and gold to deliver to their customer. Just warning about a possible bubble there, I might be wrong after all.

    Cheers :)

  • KH
    November 27th, 2011 at 5:01 pm

    All the best in your Silver investment!