Felix Salmon pointed me to The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street today. There really is a boom in these sorts of books recently! Are we overdoing the "irrationality" bit? Probably. Mike offers up some skepticism about the creeping of irrationality as an explanation for everything.
The bubble in irrationality
Explore 'The Myth of the Rational Market' and the growing boom in economic books questioning traditional risk and reward views.
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