Date of Submission
Open Access Senior Thesis
Bachelor of Arts
Throughout history, financial bubbles have been shrouded in fear and misunderstanding, with hope, greed, and hearsay fueling inane degrees of risk-taking amongst financial powerhouses and the common retail investor alike. While many studies have been conducted to delve into the unique attributes, causes, effects, and consequences of almost every crisis since adequate data could be recorded and preserved, it is not common for the varying types of crises to be directly compared in their core attributes and price movements. This paper conducts such an examination, with a look into ten different crises across the equity, real estate, and oil markets to compare volatility trends, key bubble statistical indicators, and sensitivity to common economic measuring points. It will be shown that while great differences do exist among many catastrophic collapses, several interesting points of significance emerge across both time and asset class that may inform greater research into investor psychology and what motivates the beginning and end of a financial bubble.
Hines, Matthew, "Bubbles Through the Years: An Examination of Unique and Analogous Characteristics among Financial Manias from the South Sea Bubble to the Great Financial Crisis" (2022). CMC Senior Theses. 2922.