Fear, Loathing, Bitcoin

Abstract

Bitcoin is one of those less common financial innovations that threatens to up-end the status quo in a more general sense. This not only instils fear in some decision-makers but loathing too. Which leads to an interesting question. That is, how does fear work itself into the construction of a Savage “Small World”? What happens if something terrifying is thought to be lurking in one of Weitzman’s boxes? Fear disrupts the very nature, the very structure, of search and decision.