May 10, 2022
The story of the 100th monkey and things to keep in mind while IPO investing and considering upcoming IPOs this week.
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The story of the 100th monkey and things to keep in mind while IPO investing and considering upcoming IPOs this week.
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Hundredth monkey effect
The hundredth monkey effect is a studied phenomenon in which a new behavior or idea is claimed to spread rapidly by unexplained means from one group to all related groups once a critical number of members of one group exhibit the new behavior or acknowledge the new idea. The theory behind this phenomenon originated with Lawrence Blair and Lyall Watson in the mid-to-late 1970s, who claimed that it was the observation of Japanese scientists. One of the primary factors in the promulgation of the story is that many authors quote secondary, tertiary or post-tertiary sources who have themselves misrepresented the original observations. (via Wikipedia)