
Tarot, Tech, and Our Age of Magical Thinking
Critics at Large | The New Yorker
Speculation as a Path to Certainty
The fascination with cryptocurrencies and speculative markets is driven by a need for control in uncertain times, especially during the pandemic. Individuals, particularly lonely youths, engage in speculation as a means to reclaim agency over their lives. This behavior reflects a deeper psychological state where participation in markets like GameStop provides a false sense of exclusivity and secret knowledge, leading to a feeling of being on the cutting edge. Furthermore, there is a shift from traditional economic models, represented by the notion of homo economicus, towards a new understanding of human behavior in relation to speculation and community-driven market dynamics.
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