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Based on our discussion in class, we think the South Sea Bubble was a bubble because...(choose the BEST, MOST CONCLUSIVE answer). Based on our discussion
Based on our discussion in class, we think the South Sea Bubble was a bubble because...(choose the BEST, MOST CONCLUSIVE answer). Based on our discussion in class, we think the South Sea Bubble was a bubble because...(choose the BEST, MOST CONCLUSIVE answer). The amount of money paid for a share of South Sea Stock represented a huge consumptive value, out of line with value brought from ownership of the stock There were many new entrants in the market for South Sea Stock, increasing the likelihood it was a bubble The expected future cash flows were known with a high degree of certainty, so changes in expected cash flow can't explain the (approximately) 10-fold increase in stock value None of the above
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