Erik Dahlman, Chapter 7, Question 6

The passage concerning the two economists walking down the street, seeing a hundred dollar bill, and assuming that it isn't actually one since someone would have picked it up by then as well as the part concerning herd-like behavior combined with excessive confidence in our own abilities struck me as significant. I do not believe that I completely am subject to these categories but I have been around this behavior so often that I didn't really recognize it for what it was until it was explained in this book. The fact that this type of behavior is so common, yet so limiting to humans seems extraordinary to me.