Sentence examples for irrational risk from inspiring English sources

What the optimists believe is that this rush corrected an error rather than creating one, that the rise of the stock market in recent years reflects not the rise of irrational exuberance but the decline of irrational risk aversion.

When PGA Tour golfers from Tiger Woods down to the greenest rookie draw back their putters this week at the United States Open, their scorecards will be sabotaged by a force as human as it is irrational: risk intolerance.

Such irrational risk assessment has practical implications, the scientists note.

While people are taking an irrational risk at the individual level they are playing a hugely important role for society and we all benefit from them.

Perhaps surprisingly, there were many finance professionals in the mortgage markets who objected to the lack of accountability, excessive leverage and irrational risk models: the "good" Wall Street who couldn't stop the machine.

They are often torn between rational thought and irrational risk taking, between adult responsibility and childish mischief.

However, a secondary effect showed that "a previous win in the markets leads to increased, and eventually, irrational, risk-taking in the next round of trading".

So while the high-yield bond markets seem to be suffering a bout of irrational risk-aversion, in the equity markets irrational exuberance prevails.Alan Greenspan, the chairman of the Fed, has spoken encouragingly of conditions improving in the credit markets.

Something in him drives him to take irrational risks.

But for reasons that are themselves also largely irrational, risks that are new and exotic also tend to draw more fevered concern than those that are more dangerous.

Mr Kahneman, in particular, has focused on loss aversion: people's willingness to take irrational risks (mathematically speaking) in order to avoid suffering a loss.