Unveiling the Hidden Forces Behind Market Trends and Economic Crashes
The article explores why people make financial decisions that don't always make the most sense. It looks at how our beliefs and biases can affect our choices. The researchers found that factors like limited attention, overconfidence, and following the crowd can lead to market trends, bubbles, and crashes. This study shows how our decision-making process is influenced by our beliefs and behaviors, which can sometimes lead to irrational choices in the financial world.