The Crowd & Extraordinary Popular Delusions and the Madness of Crowds

The Crowd & Extraordinary Popular Delusions and the Madness of Crowds
ISBN-10
9562912256
ISBN-13
9789562912259
Language
English
Published
2007-02
Authors
Charles Mackay, Gustave LeBon

Description

In this book, Charles Mackay discusses the irrational behaviors of crowds in the economy, war and magic. He gives several different examples of market bubbles, such as the Mississippi Scheme and the infamous Tulip Mania in the Netherlands. Ever since it was written, investors have used it as a guide to help identify boom and bust cycles. Extraordinary Popular Delusions and The Madness of Crowds has had an important influence on economists in understanding of crowd psychology and feedback loops.

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