Psychoeconomics: globalization, markets, crisis - стр. 27

The cycles oscillate regularly with the change not only of centuries, but also of millennia. See the Wikipedia data on the cycles of solar activity over the course of millennia.

Cycles of solar activity lasted in the twentieth century a little more than 11 years, but cycles do occur that last from 9 to 14 years. The last cycle, which ended in 2008, lasted 12.5 years

(see: http://www.gao.spb.ru/russian/cosm/astr/index.html).

The form of the cycle is not consistent. In the opinion of the Swiss astronomer Max Waldmeier, the transition from a minimum to maximum of solar activity occurs faster when there is a greater maximum number of sunspots recorded in the cycle.

Economic development in the world, the cycles of economic changes, increasingly aligns with the cycles of solar activity. For the 210 years, as reflected in the charts presented, the consumer basket in the world attained 9 maximum peaks and 9 minimal CPI values. On average, the time from maximum to minimum was 23.5 years.

There were 19 cycles of solar radiation over this time, which is about 11-12 years between peaks of solar activity. To wit, for each turning point in the curve of the price of the consumer basket, there were two peak values of solar radiation.

The influence of solar activity on people’s decisions occurs through activation of the mechanism of opening and closing the circuits of conditioned reflexes. Conditioned reflexes, which are responsible for actions, will change more slowly than those that are responsible for making decisions, such as whether to buy more gold or valuable paper, shares of stock. Therefore, decisions about the overbought of one asset in relation to another are made more quickly, more vigorously, than about whether to install new technology and grow workforce productivity… Emerging social changes, such as war and so on, also affect the cycles. This likewise somewhat transforms the effect of solar activity on people’s economic behavior.

Differences in the decision-making of kinesthetic (and the psychotypes corresponding to them) and auditory types remain fundamental. The kinesthetic types more respect things that are weighty, substantial, that can be felt, touched, that you can buy… The auditory types more esteem that which can be beautifully described to others. They especially come to life when it is difficult to find criteria for cross-checking their narrative, when it is difficult to verify it.

This is generally found around the world. But after all, before the point at which globalization began, the cycles of change in the price of the consumer basket in many developed countries did not completely agree by any means. Only starting in the 1970s did these cycles begin to resonate with each other. There are many examples of temporary variations in the cyclicity of the same type of psychoeconomic changes both in the past and now. But on average a picture gradually emerges of agreement of all fundamental financial and economic decisions, that is, all psychoeconomic cycles.