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Are our brains wired for delusions? In a special 21-page report of Cosmos Magazine, we explore delusional behaviour, from the global financial crisis to alien abductions. We look at the strange phenomena of sleep paralysis and the placebo effect. Plus, find out why presidents fear NASA’s James Hansen; why gamma-ray bursts are the biggest bang since the big one; why New Zealand is a ticking bomb; and read the article that got Simon Singh sued by chiropractors.