Here is a tale about wildcatting:
Someone finds a valuable resource. People hear about it and flock to the area. These people are mainly men. The newly populated area is lawless and lacks the civilizing influence of family life. Among the first women to show up are prostitutes. For a while, everyone makes money and has fun. Or some people do, some gambles pay off. Then the resource dries up or its price drops, and the gamble isn’t profitable anymore, and the town eventually dries up or turns into a tourist attraction — or San Francisco, if it’s lucky. Because our brains are wired to want to continue taking that chance, everyone keeps gambling, no one thinks the boom will bust. It will. It always will.
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