Archive for September 25, 2007

Making Pigs Fly

You’ll see it when you believe it! — that might sound like a snippet from some corny motivational keynote presentation, but never-the-less it contains more than just a few grains of truth. Sometimes building the future requires nothing more than simply believing it will happen. It’s called a self fulfilling prophecy or the Pygmalion effect.

Perhaps the best example is a run on a bank. If enough people believe a bank is going to fail, then it fails. A bank is a fragile financial balancing act; supported primarily by the blind trust of the depositors. Remove that trust and it collapses under the weight of massed withdrawal slips.
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September 25, 2007 at 12:03 pm Leave a comment


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