osewalrus (osewalrus) wrote,
osewalrus
osewalrus

Odlyzko on Railroad Mania

Was reminded of this when commenting on nancylebov LJ. Some may be interested in Andrew Odlyzko's studies on investment manias and their aftermaths. This one is about the Railroad manias of 19th Century, which in many ways were more devastating to investors than the collapse of the Internet bubble.
http://www.dtc.umn.edu/~odlyzko/doc/mania02.pdf
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