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Groupthink: Collective Delusions in Organizations and Markets
Groupthink Organizational Culture Overconfi dence Morale Market exuberance Manias Speculative bubbles Market crashes Financial crisis Toxic assets Wishful thinking Cognitive dissonance Anticipatory feelings Psychology
2014/3/13
This article investigates collective denial and willful blindness in groups, organizations, and markets.Agents with anticipatory preferences, linked through an interaction structure, choose how to int...