Probably the most widespread manifestation of reflexive thinking in investing is herd Behaviour. Investors notice others are making a particular investment decision-to buy or sell a stock-and do the same thing without researching it for themselves. Such a reflexive response might create asset bubbles, as in the dot-com case, or crashes, because the group moves into and out of an asset... https://finxl.in/certified-investment-banking-course.html