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Interesting times

They buy (or sell) a stock, not because of any fundamental pattern or news, but because other users also buy (or sell) the stock. 

This effect is especially large in bouts of selling, pointing to interesting psychological models of investor panic during a downturn.

Ian Goldin FT 10 February 2021


The writer is professor of globalisation and development at Oxford university and co-author of Terra Incognita: 100 Maps to Survive the Next 100 Years


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