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How fear leads to magical thinking

When life gets chaotic, it’s natural to crave order. But as the global financial system spins out of control, says Science, people should be aware that the craving for order can lead to magical thinking and self-deception. Scientists in Texas and Illinois recently collaborated on a project that examined how people respond to times of stress. They found that when people feel out of control, they tend to throw out their common sense and start subscribing to conspiracy theories and superstitions, and to see patterns where none exist. Asked to explain why they failed at a task, for example, people who were made to feel insecure were more likely to ascribe what happened to their failure to repeat a “lucky” ritual, such as stamping their foot on the ground three times. These findings support earlier studies that found that during the Great Depression, there was a sudden spike in the popularity of astrology and newspaper horoscopes. Unfortunately, says behavioral economist Dan Ariely, magical thinking tends to overcome us when we need our wits the most. He suggests that people feeling distraught over the economy avoid impulsive actions, and seek advice from financial planners or therapists, not psychics.

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