Market Crashes (Is This Time Different?)

Every market drop feels different. There is always a narrative, and the narrative is often scarier than the drop itself. If we can understand the power of a compelling narrative to make us behave irrationally, we might be better equipped to make better decisions, and feel less anxious, when the stock market declines.

Special Rational Reminder episode on Covid-19: https://rationalreminder.ca/podcast/90

Referenced in this video:
-Economic Effects of the 1918 Influenza Pandemic: https://www.stlouisfed.org/~/media/files/pdfs/community-development/research-reports/pandemic_flu_report.pdf
- NEGATIVE BUBBLES: WHAT HAPPENS AFTER A CRASH: https://www.nber.org/papers/w23830.pdf
- A World at risk: https://apps.who.int/gpmb/assets/annual_report/GPMB_annualreport_2019.pdf
- Global Financial Stability Report, April 2009 : Responding to the Financial Crisis and Measuring Systemic Risks: https://www.imf.org/en/Publications/GFSR/Issues/2016/12/31/Global-Financial-Stability-Report-April-2009-Responding-to-the-Financial-Crisis-and-22583


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