Sometimes things have an intrinsic value, often because of some utility that they provide. Sometimes the only value is the belief that someone else will pay mor

Sometimes things have an intrinsic value, often because of some utility that they provide. Sometimes the only value is the belief that someone else will pay more for it. [1] When it's the latter there's a difference between the real value and the perceived value. This is why we use the term "correction" to describe a situation where the perceived price falls to match the "correct" price. [1] https://en.wikipedia.org/wiki/Greater_fool_theory https://en.wikipedia.org/wiki/Greater_fool_theory