PSYC 215 Lecture Notes - Lecture 14: Social Rejection, Positive Illusions, Late Bloomer

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Psyc 215 lecture 14 when belief creates reality. People hear a rumor and start to worry that their money is not safe in the. >people hear a rumor the bank is in trouble, could be going out of. >might not be true, but people don"t know that. Many start to demand to take their money out, others see this and do the. >panic that they won"t be able to get their money out, so they run to demand to get all their money now. The bank cannot pay everyone all their money at once and thus goes out of business cannot immediately amounts, but pays her bank. >the money you deposit in the bank is lent out to borrowers who return it to the bank. >small banks have enough stored for people to take out reasonable mostly just keep track of who"s money is invested to others" loans.

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