Unverified50% confidenceOpinionExact time
Identifying bubbles is itself controversial: it is very hard ex ante to distinguish irrational exuberance from reasonable pricing of the prospects of a new technology, and often it can only be confirmed by looking back afterwards.
1
Sources
50%
Confidence
Long-term
Relevance
11/4/2026
First Seen
Sources
Related Entities
Related Claims
UnverifiedIn economics, a bubble usually refers to a state in which asset prices deviate significantly from their intrinsic value, and the deviation is driven mainly by speculative expectations rather than fundamentals.72% similarVerifiedThe "lemons market" theory proposed by George Akerlof reveals that when there is severe information asymmetry between buyers and sellers, the market will experience systematic adverse selection in quality, with inferior products driving out superior ones.68% similar
Cite This Claim
Stable URI
https://kongchang.com/claim/1133328API
curl https://kongchang.com/api/v1/knowledge/claims/1133328MCP
get_claim(id=1133328)