2min chapter

The Joe Walker Podcast cover image

Rational Minds Part 3: Rethinking Bubbles - Vernon Smith

The Joe Walker Podcast

CHAPTER

The Effect of Correlation on Bubble Behavior

In a bubble market participants beliefs are not independent, you could probably say that the more that behavior is correlated, the more probable that it is that bubbles will form. You try to design an experiment so that by reducing that correlation, you can show that the bubbles are not as severe. That would be the idea.

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