PBS NOVA: Mind over Money (2010.HDTV.XviD-FQM)
Premiere Broadcast on PBS: April 27, 2010
NOVA presents "Behavioral Economics," an exploration of why mainstream economists failed to predict the crash of 2008 and why we so often make irrational financial decisions. The mysterious and surprising nature of the two most powerful forces on the planet: the human mind and money are exposed. Complelling experiments reveal controversial new arguments about the world of finance.
In the aftermath of the worst financial crisis since the Great Depression, NOVA presents "Mind Over Money"—an entertaining and penetrating exploration of why mainstream economists failed to predict the crash of 2008 and why we so often make irrational financial decisions. It's a show that reveals how our emotions interfere with our decision-making and explores controversial new arguments about the world of finance. Before the current crash, most Wall Street analysts believed that markets are "efficient"—that investors are reasonable and always operate in their own economic self-interest. Most of the time, these assumptions of classical economics work well enough. But in extreme situations, people panic and conventional theories collapse. In the face of the recent crash, can a new science that aims to incorporate human psychology into finance—behavioral economics—do better?
"Mind Over Money" features some of this new field's most compelling experiments. We'll see how the brains and bodies of Wall Street traders respond as they buy and sell stocks. We'll watch as an ingenious experiment reveals how an excessive number of spending choices can overwhelm consumers' ability to make rational decisions. Through these entertaining real-life experiments, NOVA will show how mood, decision-making, and economic activity are all tightly interwoven. By delivering unexpected insights from leading analysts and powerful experiments, "Mind Over Money" exposes the mysterious and surprising nature of two of the most powerful forces on our planet: the human mind and money.
Episode webpage: http://www.pbs.org/wgbh/nova/money/
Release Type.....: HDTV
Title............: Mind Over Money
Orig. Air Date...: 27 Apr 2010
Release Date.....: 30 Apr 2010
File Size........: 576,647,074 (550MB)
Source...........: 1080i HDTV
Video Format.....: XviD
Video Resolution.: 624x352
Video Bitrate....: 1278 kbps
Video Framerate..: 29.970
Audio Format.....: MP3 VBR
Audio Bitrate....: 162 kbps average
Audio Sample Rate: 48 KHz
We're not sure how a progam shot in the US by a US crew managed to have such a shitty mix of 24, 50, and 60Hz content, but somehow WGBH managed. We elected to leave this at 30fps because RePal would just fuck it up worse.
Resources and links to related material
1) TVO - The Agenda - March 18, 2009: Dan Ariely on behavioural economics
TVO - The Agenda with Steve Paikin - January 6, 2010: The Limits of Economics
2) An Anarchist FAQ: C.1 What is wrong with economics?
3) Lecture by Professor Rick Wolff, Department of Economics at the University of Massachusetts - Amherst on October 7, 2008:
Capitalism hits the fan: A Marxist analysis of the current economic/financial crisis
4) TVO - Allan Gregg in Conversation, June 26, 2009: Joseph Heath on economic fallacies
5) TVO - The Agenda with Steve Paikin, May 1, 2009: Leo Panitch - The radical critiques of capitalism
TVO - The Agenda with Steve Paikin, March 12, 2008: Has the Third Way Lost Its Way?
TVO - Big Ideas, May 2, 2009: Leo Panitch on the lessons of Marxism
Foreign Policy magazine: Thoroughly Modern Marx BY LEO PANITCH | APRIL 15, 2009
Foreign Policy magazine: When it comes to Marx, there's no time like the present by Matthew Yglesias Monday, May 4, 2009
Foreign Policy magazine: What Matthew Yglesias still doesn't get about Marx By Leo Panitch Tuesday, May 5, 2009
May 06, 2010, 21:38:01
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