Speculative Manias
Tracy and Brad discuss how feelings of being left behind or poor relative to others can lead to speculative manias, as people seek ways to "work the system" they perceive as benefiting others, even if it's not a successful strategy.In this clip
From this podcast
Odd Lots
Brad DeLong on the FTX Collapse and the South Sea Bubble
Related Questions
Why do I feel envious of others who seem to have a better life than me, especially when I'm struggling to meet basic needs, as discussed in the episode 712: Brad Klontz | Harnessing the Power of Financial Psychology and the clip Money and Happiness?
Why do I feel like other people are luckier than me, according to the episode 637: Bill von Hippel | Where the Social Leap Lands and the clip Envisioning Outcomes? How does this relate to the episode Should You Really Believe in Luck & How to Accept Bad Things You Cannot Change and the clip Embracing Life's Unfairness?
Why do I feel like other people are luckier than me, according to the episode Should You Really Believe in Luck & How to Accept Bad Things You Cannot Change and the clip Embracing Life's Unfairness?