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Social Identity Theory

Summary:
The SIT (Tajfel and Turner, 1979) provides a framework for understanding when members of disadvantaged groups will accept their current low status, take individual action to improve their personal position, or take collective action to improve the status of their entire group.It answers some of the dilemma that I pointed out in the comments under the Yanis Varoufakis post. Social Identity Theory

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The SIT (Tajfel and Turner, 1979) provides a framework for understanding when members of disadvantaged groups will accept their current low status, take individual action to improve their personal position, or take collective action to improve the status of their entire group.


It answers some of the dilemma that I pointed out in the comments under the Yanis Varoufakis post. 


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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