Used in relation to investors in the sense derived from psychology, namely that a purely emotionally acting investor, after purchasing an asset, puts forward factual reasons regarding his decision for himself and also to others (a defense mechanism whereby an emotionally acting investor protects himself by creating self-justifying rational explanations for his investment decision). – See bubble, speculative, stock market fever, dotcom bubble, gambling effect, hindsight, real estate bubble, myopia, MartinPrinciple, milkmaid bull market, Mississippi frenzy, noise traders, panic selling, free riders, tulip crash, exuberance, unreasonable.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/