That these recommendations are completely contradicted by the results of their own research reveals the ability of intellectuals to perpetuate the self-delusion that they are smarter than markets.

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And what forces may be seeking to perpetuate that self-deception?

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"It shifts one's self-perception of who and what one is and what one deserves, and there's little we humans won't do to perpetuate our positive self-concepts, " he said.

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