The narrative exchange

Narrative economics…

WSJ – Robert Shiller Talks About the Stories We Tell

… is the study of network power law effects…

… caused by clusters and the links between them…

… which can under certain conditions drive virality…

Wikipedia – Scale-free network

… the tipping points of which may seem random…

BI – Reddit has released the most ‘upvoted’ posts of 2019

… but are governed by network rules, which are dynamic.

This isn’t random, just easier to explain after the fact, often when the narrative is proven false, which is called a bubble.

Financial bubbles are idea bubbles, financial markets are social networks.