"Keynes believed that similar behavior was at work within the stock market. This would have people pricing shares not based on what they thought their fundamental value was, but rather based on what they think everyone else thinks their value was, or what everybody else would predict the average assessment of value was"
spot on skc...exactly the info i was trying to find out withtthis thread.
Years ago, I did an aptitude test for a job I desperately wanted.Im an introvert,and knew,these guys were after an extrovert.I 'cheated' and answered the 100 questions how I perceived an extrovert would...got the job.
The company eventually dropped the test.
ceasar73.