✌ Market bubbles are driven by the impulse to predict each other’s behavior, says new research

✌ Market bubbles are driven by the impulse to predict each other’s behavior, says new research:

Five years on from Lehman Brothers’s collapse and “where did it all go wrong?” analysis is all the rage. Answers have varied: poor regulation, malicious bankers, dozy politicians, greedy homeowners, and so on. But what if the answer was in our minds? New research suggests that market bubbles are in fact driven by a biological…

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