Behavioural Economics Simplified

I stumbled across the following youtube video and it reminded me of a book I read last year called Extraordinary Popular Delusions and the Madness of Crowds, it was a modern version by Tim Phillips but is based on the 1841 market psychology, describing famous financial 'bubbles', including the infamous Dutch tulip mania and the South Sea Company bubble, this title presents an interpretation of Charles Mackay's work that illustrates the nature of these insights through modern business and political case studies.

It is an astonishing example of herd behaviour. just imagine these people are buying a particular asset (tech stocks, property etc) instead of dancing