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The assumption of perfectly rational, maximizing behavior won out until recently in the art of modeling, not because it often reflects reality, but because it was useful. - Didier Sornette


Indeed, the financial world is such that any Read more
One trader's move in the market can be Read more
Knowledge is encoded in models. Models are Read more
The price of a stock is strongly influenced by Read more
Profiting from being in the minority leads to Read more
The acceleration of the number of traders buying Read more
It is difficult to assess how much this gambling Read more
The same basic ingredients are found repeatably: Read more
These rumors do not circulate in all directions Read more
By one estimate, 90% of international Read more
The old Wall Street saying " buy on rumors, sell Read more
Indeed, the frequency of crashes in the Monte Read more
Positive feedbacks, when unchecked, can produce Read more
Finally, empirical data suggests that assets are Read more
Since it is the actions of investors whose buy Read more
Faster-than-exponential growth also occurs in Read more
According to the academic world view that markets Read more
The problem is not that this optimistic view is Read more
At another level, market crashes constitute Read more
The incentives that people need to work and to Read more
If the one who comes is a traveler, help this Read more
The phenomena and underlying mechanisms discussed Read more
You shall not turn away the needy, but shall Read more
Oh I am what I am I'll do what I want But I Read more