Chris Dillow 

Toilet roll, market sell-offs and the beliefs of others

Chris Dillow

Chris Dillow
Toilet roll, market sell-offs and the beliefs of others

The mass buying of toilet rolls last week that led to some shops running out of them has something in common with the stock market sell-off. Both are examples of an important fact about social behaviour – that it is influenced, for both good and ill, not just by reality but by our beliefs about what other people believe.

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