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It is difficult to assess how much this gambling spirit is active in the minds of individual investors. If it is, even to a small degree, it is relevant to our discussion since it makes investors prone to imitation and herding because they invest on little information. It may also explain the anomalously large volatility of prices and their potential instabilities. - Didier Sornette


These rumors do not circulate in all directions Read more
Profiting from being in the minority leads to Read more
The old Wall Street saying " buy on rumors, sell Read more
Knowledge is encoded in models. Models are Read more
Positive feedbacks, when unchecked, can produce Read more
Perhaps the most profound synthesis of physical Read more
Since it is the actions of investors whose buy Read more
The assumption of perfectly rational, maximizing Read more
At another level, market crashes constitute Read more
One trader's move in the market can be Read more
If the one who comes is a traveler, help this Read more
The price of a stock is strongly influenced by Read more
You shall not turn away the needy, but shall Read more
The same basic ingredients are found repeatably: Read more
You shall hate no person; but some you shall Read more
Indeed, the frequency of crashes in the Monte Read more
Obiter dicta might be applied to many a volume in Read more
Finally, empirical data suggests that assets are Read more
Indiana has more Courts and more Judges and Read more
Faster-than-exponential growth also occurs in Read more