Why crowds aren’t always wise: Lessons from mini-flash crashes on Wall Street
- Written by Alexander Munk, Ph.D. Candidate in Mathetmatics, University of Michigan
Blink. About 300 milliseconds just passed, the same time required for a lightning bolt to travel 100,000 feet, a satellite to fly two miles or a stock price to swing from US$10 to $0.0001 and back.
Wait, what?
Indeed, that actually happened to the shares of the software company Qualys a few years ago. Similar mini-flash crashes involving...
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