In this episode I look at the "delusions" that happen when a large number of people get together in groups. We'll explore a number of prominent economic bubbles and end-of-times cults to reveal the core properties of groups that lead to mania. I discuss the Terra Luna collapse as a recent example, explore human biases, and ultimately show that the so-called "delusions" that occur in groups is really just one of the costs to complex tractability.
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