At the moment no one can prove that these Internet stocks are overpriced. But many of us have deep suspicions. |
The median person still thought that their prices were going to go up. That's the definition of a bubble. |
There have been hundreds of papers on subjects from picking students for a school to predicting the survival of cancer patients. |
There is no doubt that these are real people making real choices for high stakes, and we rarely get to observe such pure decisions. |