For those who don't quite "get it" when someone makes a tulip joke in any given Bitcoin thread. This is a short documentary on the phenomenon of Tulip Mania, a period in Dutch economic history when Tulips became such a hot commodity that empires were born and lives ruined all over the value of tulip bulbs. [slyt]
Confused in Catan? Conflicted about Carcassonne? Puzzled in Puerto Rico? You've heard about all these awesome new board games that are out these days, but don't know where to begin? Help is here! Scott Nicholson knows all about 'em, and will explain them in great detail in his video series Board Games With Scott! [more inside]
Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one
Extraordinary Popular Delusions And The Madness Of Crowds, Charles McKay's 1841 classic work on mass hysteria and national crazes, still surprisingly readable and engaging. Among the classic examples in McKay's book are the South Sea Bubble, one of the earliest and largest financial bubbles, and the witch hunts of Europe (related: try the 1628 Witch Hunt simulation). Most people remember him best for his history of Tulipmania, the Dutch flower-speculation explosion of 1647 and 1648... except that it may not have been a delusion at all, but rather a rational response to changes in regulation.