Itamar Rabinovich, Israel’s former ambassador to the United States, is President of The Israel Institute (Washington, DC and Tel Aviv) and is a senior scholar at Tel Aviv University, New York University, and the Brookings Institution.
Navi Radjou is a Silicon Valley-based innovation and leadership adviser and winner of the 2013 Thinkers50 Innovation Award. He is a co-author of the forthcoming book Frugal Innovation: How To Do More With Less.
The worse economic fundamentals and forecasts become, the more mysterious stock-market outcomes in the US appear. At a time when genuine news suggests that equity prices should be tanking, not hitting record highs, explanations based on crowd psychology, the virality of ideas, and the dynamics of narrative epidemics can shed some light.