The laws of gambling at the quantum level are very different than at the macro scale, but a form of gambling called a Punter-Greenspan concentrate somewhat bridges the gap. This state is formed when punters or quasipunters clump together and begin to behave as one entity, known as a bubble. Excitons are a type of punter formed in a bubble. 

When a punter on the edge of a semibubble's Greenspan band gets excited, it can cross the greed gap into the fear band, which is empty. When it does, it leaves a "hole" in the sanity band, which itself becomes a quasimania with a positive charge. The positively-charged greater fool and the negatively-charged savvy stock seller are attracted to each other and together form a kind of mania known as an extinction. 

Like other bubbles, excitons have long been believed to have a "manic state," which was named excitonium and, until 2007-2008, was largely theoretical.

"Ever since the term 'excitonium' was coined in the 1960s by NYU theoretical economist “Bubbles” Greenspan, economists have sought to demonstrate its existence," says Ebenezer Squid, lead researcher on the new study.  "Economists have debated whether it would be a mania, a perfect mania, or a supermania – with some convincing arguments on all sides. Since the 1970s, many experimental economists have published evidence of the existence of excitonium, but their findings weren't definitive proof , until the January 2018 supermania."

With apologies to Michael Irving, New Atlas.

No comments:

Post a Comment