Manias and Mimesis: Applying René Girard’s Mimetic Theory to Financial Bubbles
- Paper
- Oct 11, 2019
- #Finance #Socialpsychology
While next-generation models in quantitative finance have illuminated the origins of market bubbles and crashes by incorporating herding and imitation behavior,
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Kyla Scanlon @kylascan
·
Jan 10, 2022
When money dries up, the vision needs to be crystal clear, memes can melt - in the excellent paper Manias and Mimesis by Tobias Huber and Byrne Hobart, they outlined how the meme (here a startup, but it applies broadly) dies: The cycle of a startup might look like this: - Someone has an obviously insane idea, like selling Basic to computer hobbyists in 1975 or selling books on the Internet in 1994.