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(AP Photo/Seth Wenig)

(Bloomberg) — Diversity safeguards populations from defective genes, stabilizes nature’s ecosystems and fosters innovation in business.

Now, Bloomberg Markets magazine will report in its February issue, research suggests that it may protect financial markets from manic excess. Bubbles form when traders trust others’ judgment without scrutiny, and that happens more in ethnically homogeneous markets, according to a new paper in the Proceedings of the National Academy of Sciences by Sheen S. Levine and David Stark of Columbia University.

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