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Popular Delusions: Difference between revisions
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(Created page with "alt=South Sea Macro Delusion|thumb|'''Figure 1'''. "Night wind hawkers" sold stock on the streets during the South Sea Bubble. (The Great Picture of Folly, 1720) '''Popular delusions are individual logical fallacies, cognitive biases and thought paradoxes that are so prevalent in society they exhibit as groupthink.''' Popular delusions are characterised by their fickle nature and rapid transmissibil...") |
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[[File:South Sea Macro Delusion.jpg|alt=South Sea Macro Delusion|thumb|'''Figure 1'''. "Night wind hawkers" sold stock on the streets during the South Sea Bubble. (The Great Picture of Folly, 1720)]] | [[File:South Sea Macro Delusion.jpg|alt=South Sea Macro Delusion|thumb|'''Figure 1'''. "Night wind hawkers" sold stock on the streets during the South Sea Bubble. (The Great Picture of Folly, 1720)]] | ||
'''Popular delusions are | '''Popular delusions are transient [[Cognitive Biases|biases]], [[Thought Paradoxes|paradoxes]] or [[Logical fallacies|fallacies]] that become popular in a given society.''' They are characterised by their rapid transmissibility and fickle nature<ref>'''The Effects of Twitter Sentiment on Stock Price Returns''' Gabriele Ranco,Darko Aleksovski ,Guido Caldarelli,Miha Grčar,Igor Mozetič Published: September 21, 2015 https://doi.org/10.1371/journal.pone.0138441</ref>. Historically, in their acute phase, these delusions have caused frantic activity of people such as the [[wikipedia:South_Sea_Company|South Sea Bubble]], [[wikipedia:Tulip_mania|Tulip Mania]] or [[wikipedia:Witch-hunt|Witch Mania]]. Today popular delusions have become ever more transmissible through propagation by the [[Advertising|advertising industry]] via [[Framing|framing techniques]]. | ||
Historically, in their acute phase, these delusions have caused frantic activity of people such as the [[wikipedia:South_Sea_Company|South Sea Bubble]], [[wikipedia:Tulip_mania|Tulip Mania]] or [[wikipedia:Witch-hunt|Witch Mania]]. | |||
=== Evolutionary psychology === | === Evolutionary psychology === | ||