Business
Year of wonders: Coronacession not as bad as feared – Sydney Morning Herald
The main reason things haven’t turned out as badly as feared is that the economy has rebounded much more in line with Scott Morrison’s optimism than with the doubters’…
(Trick is, we often fail to ensure the anchor we use for comparison is relevant to the unknown thing. Experiments have shown that psychologists can influence the answers subjects give to a question such as how many African counties are members of the United Nations? by first putting some completely unrelated number into the subjects minds.)
The econocrats have been furiously anchoring-and-adjusting the likely depth and length of the coronacession all year.
Their initial forecasts of the size of…
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