Wave-theory. How cycles manifest in real life—such as traffic jams
Approximately five years ago, i read an article of how one researcher was applying wave theory to traffic jams. The simple premise being that traffic jams could be define with a formula describing a wave. This is a micro-example of my premise being that long-term economic forces shape human behaviours and thoughts over a period of several decades.
The premise of this blog is that economic forces and biases cause people to “speed up” (for example, buy things when interest rates are lower) and “slow down” (when they feel insecure and/or have less disposable income). These actions can be applied to short-term phenomena (ie. traffic behaviour) and also longer-term phenomena, over a lifetime.