PART IFive Lenses

Part I surveys five disciplines: microeconomics, macroeconomics, psychology, politics, and biology. Each discipline, or lens, is presented as a useful tool in deciphering the mysteries of bubbles before they burst. Specific topics emerging from these five lenses include equilibrium tendencies, reflexivity, credit dynamics, overconfidence, anchoring and adjustment, price mechanisms, property rights, epidemics, and emergence.

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