With examples such as tulip, South Sea company, and .com, what is the name for the economic condition characterized by "trade in high volumes at prices that are considerably at variance with intrinsic values"?
Economic bubble tulip mania (in the mid-1630s) is often considered the first recorded economic bubble. Because it is often difficult to observe intrinsic values in real-life markets, bubbles are often conclusively identified only in retrospect, once a sudden drop in prices has occurred. Such a drop is known as a "crash" or a "bubble burst". Both the boom and the burst phases of the bubble are examples of a positive feedback mechanism, in contrast to the negative feedback mechanism that determines the equilibrium price under normal market circumstances. Prices in an economic bubble can fluctuate erratically, and become impossible to predict from
Sea tulip tulips are animals and not plants. Two examples of sea squirts known as sea tulips are "P. pachydermatina" and "P. spinifera". Sea tulip Sea tulip is the common name of a few species of sessile ascidians (sea squirts) in the genus "Pyura" that live in coastal waters at depths of up to 80 m (260 feet). Like all ascidians, sea tulips are filter feeders. Their common name comes from their appearance - that of a knobbly 'bulb' or flower attached to a long stalk. Sea Tulips come in a variety of colours, including white, pink, yellow, orange, and purple. The