Tinkerbell effect
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The Tinkerbell effect is a term describing things that are thought to exist only because people believe in them. The effect is named for Tinker Bell, the fairy in the play Peter Pan who is revived from near death by the belief of the audience.
Claimed cases include:
- private property[citation needed]
- the value of a nation's money in a fiat system[citation needed]
- the value of gold[citation needed]
- civil society[citation needed]
- the "rule of law"[1]
[edit] Reverse Tinkerbell effect
The Efficient Market Hypothesis can be regarded as a case of reverse Tinkerbell effect.[2]
[edit] See also
- Brute fact
- Consensus reality
- Conventional wisdom
- Interdependent origination
- Thomas theorem
- Bokononism
[edit] References
- ^ Stewart, Cameron (2004), "The Rule of Law and the Tinkerbell Effect: Theoretical Considerations, Criticisms and Justifications for the Rule of Law", Macquarie Law Journal 4 (7): 135–164, http://www.law.mq.edu.au/html/MqLJ/volume4/vol4_stewartc.pdf.
- ^ Rall, Eric (2010-10-14). "Efficient Market Hypothesis and the Tinkerbell Effect". http://deanesmay.com/2010/10/14/efficient-market-hypothesis-and-the-tinkerbell-effect/. Retrieved 2011-11-06.
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