Denial is a defense mechanism in which a person who is faced with a fact, feeling, situation or reality that is uncomfortable or painful to accept, repeatedly rejects it, despite overwhelming evidence.
Three different types of Denial are as follows:
- “Basic Denial” is when the person outright denies the reality of an unpleasant fact, feeling, situation or reality.
- “Minimization” is when a person admits the fact, but denies how serious it is.
- “Transference” is when a person admits the facts and seriousness, but denies any responsibility and transfers responsibility to someone else.
Leadership Advocate and Co-Founder of the Goldzone Group. I help leaders to master the new rules of leadership for the new economy. Over the past 30 years, I have visited more than 500 cities in 54 countries to explore, learn from, and help many of the world’s leading companies, leaders, and luminaries in science, technology, health, finance, and entrepreneurship.
Fiona.
Not only the credit crisis, I think denial is a defence mechanism in many areas of life until someone takes responsibility for what is happening in their life and determines to do something about it.
Christopher Neale
This sound just like the comments that were being made during 2008 about the financial crisis…..
Gregory
Very interesting post, I must give this some more thought.
Ross
This describes the credit crisis and those involved!