Delusions of the Crowd

The expectation of the end of the world, fanatical religious ecstasy, erroneous collective actions in the economy leading to financial collapse – why do these and other heresies, delusions, and prejudices exist throughout human history? William Bernstein, a renowned historian, offers in his book a remarkable account of human delusions, often leading to flawed decisions and mass insanity. Controversial, original, superbly written, and extraordinarily informative, this book explains how contagious human irrationality can be.