PLEASE NOTE
The TCB Review is dead. If you click through you will be taken to the Internet Archive site to find an archived copy.
The TCB Review is dead. If you click through you will be taken to the Internet Archive site to find an archived copy.
Groups are capable of much more stupid behavior than individuals are. They frequently fall prey to what I’ve taken to calling groupidity: doing something stupid because other people around you seem to think it’s safe. Fundamentally, people are herd animals. We band together for safety. We look to other people to see what is dangerous, and what is not. This is an important part of asset price bubbles: It feels safe to herd into stocks, or flip houses, and safest when the most people are doing it . . . even though this is actually when it is the most dangerous.
Content: Quotation
Author: Megan McArdle
Source: The Conference Board Review
Subject: Organizational Behavior
Author: Megan McArdle
Source: The Conference Board Review
Subject: Organizational Behavior
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