Analysis Of The Money Game By Adam Smith

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Introduction
The Money Game, which is written by Adam Smith, described his own opinion of view--market like a money game. Just like Smith told, market is a game about money; the money is the only measure of gain and loss, but the real purpose of this Game is not money, it is the process of the Game itself. It is really a good point. People are all has desire; just the degree of desire is different. In the game, everyone wants to win, but they care about is not victory prizes, they care is the process of victory. Like fishing enthusiast catch fish and then release the fish they enjoyment is a process of fishing and catch fish, not really want to eat fish.
According to Schelling (1967), he point out that the stock market is the most difficult …show more content…

Test your how high is your evidence demand. In essence, the aggressive portfolio managers want to make money, they are necessary to make a correct judgment, they cannot make any mistake because the mistake is hardly for them to undertake. Additionally, the portfolio managers are different from small investors. Small investors have the reaction without the knowledge but portfolio managers can remember hundreds companies’ profit margins and how the stocks react to a variety of situations. Then, with the securities analysts and aggressive portfolio managers, is that easy to speculate the stock market? Of course no, analysts and portfolio managers can only reduce loss …show more content…

He uses Bon‘s published book-- Psychologie des foules to explain ‘crowd’. Bon (2003) explain crowd is whether compose crowd by individuals is who, regardless of their way of life, occupation, or character is same or not, the fact is that they have been transformed into a member of the crowd, the crowd make individuals possess a sort of collective thinking which makes their feeling, thinking and behavior patterns are different from them as separate individual feeling, thinking and behavior patterns. Therefore, crowd is not a type of entity that individuals need to participate into crowd personally. When individual become a member of the crowd, they will have a new mind, make individual instinctively obey the crowd

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