Why crowds aren’t always wise: Lessons from mini-flash crashes on Wall Street

By Alexander Munk, Ph.D. Candidate in Mathetmatics, University of Michigan and Erhan Bayraktar, Professor of Mathematics, University of Michigan. Blink. About 300 milliseconds just passed, the same time required for a lightning bolt to travel 100,000 feet, a satellite to fly two miles or a stock price to swing from US$10 to $0.0001 and back. Wait,…

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