Cracking the enigma of asset bubbles with narratives

  title={Cracking the enigma of asset bubbles with narratives},
  author={Preston Teeter and J{\"o}rgen Sandberg},
  journal={Strategic Organization},
  pages={91 - 99}
The hysteria and destruction created by asset bubbles have garnered widespread attention in recent years, resulting in a wealth of studies on these events from a range of disciplines. However, despite these efforts, we, as a diverse research community, have failed to predict, prevent, and even explain asset bubbles, while bouts of speculative mania continue to wreak havoc on the world’s economies. We argue that periods of intense market speculation are driven by narratives and narrative thought… 

Generative imitation, strategic distancing and optimal distinctiveness during the growth, decline and stabilization of Silicon Alley

Abstract We embrace a cultural perspective on entrepreneurship to examine the performative relationship between entrepreneurial narratives and the field discourse that unfolded during the emergence

Herding or wisdom of the crowd? Controlling efficiency in a partially rational financial market

A novel financial market model is leverage, where the agents form their expectations by combining their individual return estimation with the expectations of their neighbors, to point out that the emergence of collective decisions in the market is not necessarily detrimental.

A Partially Rational Model for Financial Markets: The Role of Social Interactions on Herding and Market Inefficiency

This work illustrates how sociality can yield herding, which in turn degrades market efficiency and stability, and proposes a control strategy to mitigate herding so as to reduce volatility and regain market efficiency.

Story Envisioning Framework for Visualized Collective Storytelling in Conversation

Preliminary experiments showed that using visualized interactive drama can help participants have better understanding to the conversation from culture and personality viewpoint and could help the storytellers organize the story structure in a better way and enhance the immersion of their stories.

Understanding virtual organizational identity through the intersection of information technology and narratives

  • D. Davis
  • Business
    International Journal of Organizational Analysis
  • 2022
Purpose Virtual organizations present numerous challenges for managers, especially in regards to organizational identity formation. This paper aims to address this gap in the extant literature by

Confining value from neural networks

Purpose This study provides valuable insights to managers aiming to increase the effectiveness of their diversification and growth portfolios. The purpose of this paper is to examine the value of

Mergers in higher education institutions: a proposal of a novel conceptual model

PurposeThe macroeconomic changes as well as the challenges facing universities nowadays result in the transfer and adaptation of various concepts and organizational methods from enterprises to

Toward a Structural and Semantic Metadata Framework for Efficient Browsing and Searching of Web Videos

The proposed metadata framework was constructed on the basis of Chatman’s narrative theory, three multimedia metadata formats (PBCore, MPEG-7, and TV-Anytime), and social metadata and consists of event information, event Group information, segment information, and video (program) information.

The experience of patients with cancer on narrative practice: A systematic review and meta‐synthesis

In recent years, narrative practice has been applied in clinical settings to address the relational and psychological concerns that occur in tandem with physical illness. It is an emerging strategy



Can speculative bubbles be managed? An institutional approach

These two quotes may be seen as bookends to the bubble economy of the last decade or so. They indicate the Federal Reserve's reluctance to inhibit the irrational exuberance of investors at the

Neoliberalism in crisis: Regulatory roots of the U.S. financial meltdown

Social scientists have long been interested in how political institutions affect economic performance. Nowhere are these effects more apparent today than in the current U.S. financial meltdown. This

A Robust Model of Bubbles With Multidimensional Uncertainty

Boom-bust episodes in asset markets have often been interpreted by observers as speculative frenzies where asymmetrically informed investors buy overvalued assets hoping to sell to a greater fool

Origins of the Crash: The Great Bubble and Its Undoing

This inquiry into the rise and fall of the great Wall Street boom of the 1990s, from bestselling author Roger Lowenstein, has all the hallmarks of a financial classic. Roger Lowenstein, recognized as

Immoral but not illegal: monies vs mores amid the mortgage meltdown

Discussions of ethics become especially intense when the law governing actions taken is at variance with public perception of its correctness. In the US, famous cases illustrating this point include

Heroes, villains and ‘honourable merchants’: narrative change in the German media discourse on corporate governance

Drawing on data from recent media discourse about corporate governance in Germany, this article primarily seeks to explore the changing nature of narratives in the mass media about both organizations

The meltdown was not an accident

This volume includes two major explanations of the meltdown that I critically discuss. The first is a “normal accident theory” arguing that the complexity and coupling of the financial system caused

Financial Crisis 2008-2009: What Does the Silence of Institutional Theorists Tell Us?

This article is a reflection on why the 2007-2009 financial crisis was largely ignored by organization theorists, in particular, institutional theorists. The general lack of engagement with the

Narrative and Discursive Approaches in Entrepreneurship

‘In their edited book Narrative and Discursive Approaches in Entrepreneurship, Daniel Hjorth and Chris Steyaert provide a fascinating glimpse into a perspective on entrepreneurship that will be