16 lines
491 B
Markdown
16 lines
491 B
Markdown
# Bubble
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An economic bubble is a phenomenon in markets created by herd mentality, whereby people hear stories of others who bought in early and made big profits, causing those who did not buy to feel a fear of missing out. This causes irrational pricing of the asset which proceeds until the mania subsides.
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## Examples
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* South Sea Bubble
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* Beanie Baby Bubble
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* London Rail Bubble
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* Tulip Mania
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* Dot-com Bubble
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* Japanese Real Estate Bubble
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## References
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* [@mackay_extraordinary_2012] |