How You Think in a Crisis
By Arnold Kling
Not very well, according to Tyler Cowen.
The more we feel out of control, the more our brains imagine patterns that don’t really exist.
…Studies show that if people contemplate and reaffirm their most important values, such as honesty and compassion, they go on to make better and more rational decisions. That’s because those thoughts help you feel more in control, which frees up your mind to focus on and think through the question at hand.