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CONSUMER HUBRIS: Is There an Amateur Doctor in the House?
When news reports talk of “consumer confidence,” they refer to a sense of well-being about economic matters. But a booming economy tends to boost confidence in ways that have nothing to do with getting and spending, giving people a sense (however spurious) that they’re competent to deal with anything that confronts them. If the mutual fund you picked for your 401(k) has nearly doubled in value in the past couple years, you can’t help but feel smarter when it comes to picking an antihistamine.




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