This study is an expansion by AI of 4 synthetic decision records published by WSTiger, a studio in the RISCON family, read beside Mackay's account of the South Sea Bubble and the Mississippi scheme. Every sentence in a block quote is a record's own, word for word; the rest is AI writing. WSTiger's records are synthetic settings published for study, not real market events; they report no real firm or transaction. Mackay's chapter of 1841 is a popular narrative written long after the events and is read as a period text on narrative delusion, not as an empirical source of numbers. The readings through the works named are this study's interpretation. Nothing in this study is financial, legal or investment advice.
| Case | Studio | Record |
|---|---|---|
| Marine Insurance on a Calm Route | WSTiger | https://wstiger.risconlabs.com/atlas?question=wst%3Arisk-ko-selling-tails-past |
| Weekly Option Premium Income | WSTiger | https://wstiger.risconlabs.com/atlas?question=wst%3Arisk-ko-selling-tails-present |
| Asymmetric Performance Token Vault | WSTiger | https://wstiger.risconlabs.com/atlas?question=wst%3Arisk-ko-asymmetric-pay-future |
| Trapped Cash and Paper Profit | WSTiger | https://wstiger.risconlabs.com/atlas?question=wst%3Arisk-ko-1 |
The records were read on 2026-10-05. This book was written on 2026-10-07.
Bibliography
- Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds (1841).
- Hyman P. Minsky, Stabilizing an Unstable Economy (1986).
- Charles P. Kindleberger, Manias, Panics, and Crashes (1978).
- Nassim Nicholas Taleb, The Black Swan (2007).
- Niklas Luhmann, Risk: A Sociological Theory (1993).
- Raghuram G. Rajan, Has Financial Development Made the World Riskier? (2005): NBER Working Paper 11728.
- Michael C. Jensen and William H. Meckling, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1976): Journal of Financial Economics 3(4).
- Lee Clarke, Mission Improbable: Using Fantasy Documents to Tame Disaster (1999).