Irrational Exuberance Reconsidered / The Cross Section of Stock Returns, Külpmann Mathias
Àâòîð: Shiller Robert J. Íàçâàíèå: Irrational Exuberance ISBN: 0691166269 ISBN-13(EAN): 9780691166261 Èçäàòåëüñòâî: Wiley Ðåéòèíã: Öåíà: 24230.00 T Íàëè÷èå íà ñêëàäå: Ïîñòàâêà ïîä çàêàç. Îïèñàíèå:
In this revised, updated, and expanded edition of his "New York Times" bestseller, Nobel Prize winning economist Robert Shiller, who warned of both the tech and housing bubbles, now cautions that signs of irrational exuberance among investors have only increased since the 2008 9 financial crisis. With high stock and bond prices in the United States, and rising housing prices in many countries, the post-subprime boom may well turn out to be another illustration of Shiller s influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, "Irrational Exuberance" is as relevant as ever.
But" Irrational Exuberance" is about something far more important than the current situation in any given market because the book explains the forces that move all markets up and down. It shows how investor euphoria can drive asset prices up to dizzying and unsustainable heights, and how, at other times, investor discouragement can push prices down to very low levels.
Previous editions covered the stock and housing markets and famously predicted their crashes. This new edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. This edition also includes updated data throughout, as well as Shiller s 2013 Nobel Prize lecture, which puts the book in broader context.
In addition to diagnosing the causes of asset bubbles, "Irrational Exuberance" recommends urgent policy changes to lessen their likelihood and severity and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read it.
For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com"
Àâòîð: Shiller Robert J. Íàçâàíèå: Irrational Exuberance: Revised and Expanded Third Edition ISBN: 0691173125 ISBN-13(EAN): 9780691173122 Èçäàòåëüñòâî: Wiley Ðåéòèíã: Öåíà: 19000.00 T Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç. Îïèñàíèå:
In this revised, updated, and expanded edition of his "New York Times" bestseller, Nobel Prize winning economist Robert Shiller, who warned of both the tech and housing bubbles, now cautions that signs of irrational exuberance among investors have only increased since the 2008 9 financial crisis. With high stock and bond prices in the United States, and rising housing prices in many countries, the post-subprime boom may well turn out to be another illustration of Shiller s influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, "Irrational Exuberance" is as relevant as ever.
But" Irrational Exuberance" is about something far more important than the current situation in any given market because the book explains the forces that move all markets up and down. It shows how investor euphoria can drive asset prices up to dizzying and unsustainable heights, and how, at other times, investor discouragement can push prices down to very low levels.
Previous editions covered the stock and housing markets and famously predicted their crashes. This new edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. This edition also includes updated data throughout, as well as Shiller s 2013 Nobel Prize lecture, which puts the book in broader context.
In addition to diagnosing the causes of asset bubbles, "Irrational Exuberance" recommends urgent policy changes to lessen their likelihood and severity and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read it.
For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com"
Àâòîð: James Montier Íàçâàíèå: Behavioural Finance: Insights into Irrational Minds and Markets ISBN: 0470844876 ISBN-13(EAN): 9780470844878 Èçäàòåëüñòâî: Wiley Ðåéòèíã: Öåíà: 95030.00 T Íàëè÷èå íà ñêëàäå: Íåâîçìîæíà ïîñòàâêà. Îïèñàíèå: A stock`s share price is often traded not for what it is worth but for what investors think it is worth. Institutional investors are increasingly looking at the rapidly expanding area of behavioural finance before making an investment decision. This book links the theory of behavioural finance with applications in financial products.
Àâòîð: Shiller, Robert J. Íàçâàíèå: Irrational exuberance ISBN: 0691123357 ISBN-13(EAN): 9780691123356 Èçäàòåëüñòâî: Wiley Ðåéòèíã: Öåíà: 30570.00 T Íàëè÷èå íà ñêëàäå: Ïîñòàâêà ïîä çàêàç. Îïèñàíèå: Deals with market volatility. This book covers the markets that have become volatile and includes a chapter on domestic and international housing prices in historical perspective. It amasses evidence to support an argument that the housing market boom bears many similarities to the stock market bubble of the late 1990s.
