Group Madness
by O
About This Novel
The central question this book answers is how group decisions fail, and what happens when group decisions fail. In extreme cases, not only the group will go crazy, but the entire country will go crazy. "The Madness of Crowds" tells us that now we should explore the roots of fanaticism. Why did the Islamic State rise? How do religious beliefs shape human behavior? What influences U. S. Policy in the Middle East? What does doomsdayism have to do with the political polarization of American society? Why would a group of people chase a ridiculously overpriced investment from time to time? Why do people prefer stories to data and facts? Why are new concepts such as Bitcoin and the Metaverse making people crazy again? We can all find answers to the above questions that are closely related to our era in this book. Renowned historian and financial theorist William J. Bernstein combines advances in information technology, finance, and neuroscience to shed new light on the mass illusion. Beginning with the conquest of the Jews and ending with the rise of the Islamic State in the Middle East. In between, the book details various financial and religious fanaticisms over 3,000 years of human history, as well as the development of related neuroscience. Bernstein's chronicle of mass madness is as revealing of human nature as it is of historical significance.
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