Irrational Exuberance¶
Shiller, R. J. (2015). Irrational Exuberance. Princeton University Press.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Conformity
- Asch's normative/informational distinction transfers cleanly to financial herding (informational: "others must know something I don't"; normative: "the career risk of being the lone bear"), and the same decomposition explains why some bubbles deflate gracefully on new information while others require a visible defector to break the spell.
This sourceDocuments how financial herding combines informational and normative pressures to inflate and sustain asset bubbles — supports the financial-herding knowledge-transfer claim. Live-verified (Princeton UP).
- Asch's normative/informational distinction transfers cleanly to financial herding (informational: "others must know something I don't"; normative: "the career risk of being the lone bear"), and the same decomposition explains why some bubbles deflate gracefully on new information while others require a visible defector to break the spell.
Verification¶
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Registry ID ref:a34318429acd · see in the full table