Irrational rationalisations, why people are at times 'bull-headed'

People desperately want things to make sense. That helps them find some element of closure to events that would otherwise linger and cause them discomfort. When people find no rational explanation to why some thing happened they would even concoct irrational reasons for why that something happened. They would lapse into counterfactual thinking, saying, 'if only.....'.

All of this explains why the traders and investors in Mumbai wanted the statue of the bull outside the BSE building to be pulled down. To the onlooker that's lunacy but to the protester, its his desperate attempt at irrationally rationalising the market mayhem that had him lose a substantial part of his savings.

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