Mechanizmy baniek spekulacyjnych – spojrzenie psychologiczne i ekonomiczne
A Psychological-Economic Look at Mechanisms behind Speculative Bubbles

Summary/Abstract: This paper discusses the causes of speculative bubbles. For a bet er understanding of this phenomenon, it presents some famous speculative bubbles in the history of economics, it is enough to mention the South Sea Bubble and the Dot-com Bubble. As an economic starting point for analysis, this paper applies George Soros’s refl exivity theory. His Boom-Bust Model is supple- mented by a description of psychological aspects of speculative bubbles.

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