Re:The Next Bubble - Don't Get Fooled Again
by jturn on Wednesday June 15, 2011 @01:18PM
(#2658047)
That blew my mind. The professor even told the students it was happening as it was happening and the bubble wouldn't deflate.
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Re:The Next Bubble - Don't Get Fooled Again
by khafra on Wednesday June 15, 2011 @04:35PM
(#2658914)
It feels like it's similar to the "guess a number between 0 and 100 that's 2/3 of the average person's guess" game. In the real world, you don't win by doing the most rational thing; you win by succesfully modeling the other players.