Edgar Fiedler Quotes
The herd instinct among forecasters makes sheep look like independent thinkers.
Topics
Conformists, Conformity, Conformism
Critical Thinking
Group Mentality, Herd Mentality, Mob Mentality
Groupthink
Herd Instinct
Business
Blind Conformity
Conformist Behavior
Follow the Crowd
Herd Behavior
Independent Analysis
Independent Thinking
Lack of Originality
Sheep Mentality
Uncritical Acceptance
Uncritical Adherence
Unquestioned Assumptions
Unthinking Compliance
Unthinking Obedience
Citations
Fiedler, Edgar R. "The Three Rs of Economic Forecasting—Irrational, Irrelevant and Irreverent." Across the Board, vol. 14, no. 6, The Conference Board, June 1977, p. 62.
Related Quotes
Edgar Russell Fiedler was an American economist who served as Vice President of The Conference Board and as Assistant Secretary of the Treasury for Economic Policy (1971 - 1975) during the presidencies of Richard Nixon and Gerald Ford. He authored "The Roots of Stagflation".