The Delusions of Crowds - by William J Bernstein

"The Delusions of Crowds" by William Bernstein is a groundbreaking book that delves into the psychology behind mass hysteria and how it affects our decision-making processes.

This book provides a fascinating account of religious and financial manias throughout history, from the Anabaptist Madness in the Low Countries to the dangerous End-Times beliefs that pervade America today.

Bernstein's supple prose brings to life the participants in these stories, revealing their motivations and the biological, evolutionary, and psychosocial roots of human irrationality.

By understanding the history and biology of mass delusion, we can recognize it more readily in our own time and avoid its dire consequences.

This book is a must-read for anyone interested in understanding the power of groupthink and how it shapes our world.