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The work of a Nobel Prize-winning physicist is helping investing pros understand the science behind "stonks", and how the actions of individuals or small groups trigger the manias, crashes, and crises that ultimately take down markets and harm the global economy.
For decades, in Rome and beyond, scientists have studied the starlings’ murmurations, the technical name for the birds’ whipsaw flight patterns, for clues about group dynamics and the wisdom of crowds—and not just birdbrained crowds. Researchers have settled on “why” the birds murmurate. The seemingly unpredictable movements have a purpose: to confuse predators and even attract more starlings to join the mob.
https://fortune.com/longform/meme-stocks-stonks-gamestop-econophysics-market-manias-giorgio-parisi/
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