For the purposes of analysis, the traditional wonkish data
on economic behavior remains in place.
The consumption and expenditure and sentiment calculations still revert
to mean in most analysis. There are a
lot of changes on the margins, but the big picture has not restructured
according to experts.
What has changed dramatically is how individual humans
behave in the economic processes—often in the inputs to surveys, but decidedly
in how they interpret the results they read or hear. With a potential for overstatement I offer
these high level generalizations:
Individuals appear predominantly self-absorbed
When an opinion, a prepared narrative dominates the dialogue
Influences
on attitudes and behavior appear to be tribal in nature
Comments indicate
great information inequality between individuals, by choice
Discussions
and views turn, remarkably often and with little reason, to issues of health
For my own presentations (and even personal discussions), in
order to facilitate reception of communication, I simply assume that the
individuals with whom I interact are
self-absorbed, will launch into a practiced narrative, revert to the attitudes
of their group, either know the data or do not care about data (or science), and sooner or
later will mention health concerns. Works for work, but ruins dinner
discussions.
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