The Psychology Behind The Financial Crisis

Hope, Greed and Fear: The Psychology behind the Financial Crisis
http://knowledge.wharton.upenn.edu/article.cfm?articleid=2204

Bubbles occur when people are willing to buy something simply because they believe they can sell it for a higher price. (Bubbles) often have an aspect of mania.
- Richard Herring

It's a perennial human problem, to delay gratification. We all struggle, from little children to the oldest and wisest, with the problem of self-control.
- Angela Lee Duckworth

Useful links:
www.philanalysis.org
http://annenberg.usc.edu

Spot on.