Memetics & Attention · Theory
Reflexivity & Narratives in Markets
How stories move prices: Shiller's narrative economics and epidemic models of ideas, Soros' reflexivity loop, and how to tell when a narrative is driving fundamentals versus being driven by price.
Step 1 of 4 · Overview25 min read ·
Key idea
Prereqs: The Alchemy of Finance; Girard & mimetic desire. Next: Internet culture & memecoins. Sources: Robert Shiller, *Narrative Economics* (2019); George Soros, *The Alchemy of Finance* (1987); Kermack–McKendrick SIR model (1927).Next: 1. Narratives spread like viruses