Found 2 comments on HN
TheLarch · 2016-09-09 · Original thread
This is a good read. Market participants often do know there's a bubble. However, if your neighbor keeps making more and more money selling tulips (that was a thing), then you will be tempted to buy some tulips yourself, knowing full well that you are commanding an absurd price.

Bubbles can be more "musical chairs" than rational pricing.

tokenadult · 2013-11-27 · Original thread
In other news, tulip bulbs can be had for $9.99 for a dozen,[1] a decline (for some varieties) from the historic high price.[2] The history of commodity prices provides some interesting insights into human behavior.[3]




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