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Popular Delusions: Difference between revisions
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<seo title="Popular Delusions and the Madness of Crowds" metakeywords="popular mass delusions, famous delusions, common delusions, popular delusions of crowds" metadescription="What are the most common delusions and why delusions happen"/> | <seo title="Popular Delusions and the Madness of Crowds" metakeywords="popular mass delusions, famous delusions, common delusions, popular delusions of crowds" metadescription="What are the most common delusions and why delusions happen"/> | ||
[[File:Popular Delusions Hype.png|alt=Popular Delusions Hype|thumb|'''Figure 1'''. Popular Delusions Gartner Hype Cycle]] | [[File:Popular Delusions Hype.png|alt=Popular Delusions Hype|thumb|'''Figure 1'''. Popular Delusions Gartner Hype Cycle]] | ||
[[File:South Sea Macro Delusion.jpg|alt=South Sea Macro Delusion|thumb|'''Figure 2'''. "Night | [[File:South Sea Macro Delusion.jpg|alt=South Sea Macro Delusion|thumb|'''Figure 2'''. "[[Night Wind Hawkers]]" sold stock on the streets during the South Sea Bubble. (The Great Picture of Folly, 1720)]] | ||
'''Popular delusions are [[Cognitive Biases|biases]], [[Thought Paradoxes|paradoxes]] or [[Logical fallacies|fallacies]] that become transiently 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> (see '''Figure 1'''). Historically, in their hype 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]]. | '''Popular delusions are [[Cognitive Biases|biases]], [[Thought Paradoxes|paradoxes]] or [[Logical fallacies|fallacies]] that become transiently 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> (see '''Figure 1'''). Historically, in their hype 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]]. | ||