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Irrational Exuberance - Robert Shiller

DATE DE SORTIE: 01/01/2000
ISBN: 0-691-05062-7
AUTEUR: Robert Shiller

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... J. Shiller returns to the topic that gained him international fame: market volatility ... Will Larson - Posts ... .Shiller breaks new ground in this second edition by laying out in even clearer and starker terms the market excesses that continue to destabilize the economy and disrupt our lives. 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 unsustainab ... PDF Irrational Exuberance - Free ... . 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 ... "Irrational exuberance is the psychological basis of a speculative bubble. I define a speculative bubble as a situation in which news of price increases spurs investor enthusiasm, which spreads by psychological contagion from person to person, in the process amplifying stories that might justify the price increases and bringing in a larger and larger class of investors, who, despite doubts ... Without any doubt, Irrational Exuberance must be read by anyone interested in finance. And it really can be read by anyone interested in finance because the genius of this book is to explain complex phenomena easily, avoiding specialist jargon, including mathematics."--David Le Bris, Journal of Economics show more . About Robert J. Shiller. Robert J. Shiller, the recipient of the 2013 Nobel ... Irrational exuberance is the point where people invest in things where they cannot reasonably justify the price that they are paying. The phrase was coined by once-upon-a-time Federal Reserve Board chairman, Alan Greenspan, when discussing the dot-com bubble in December 1996. The dot-com bubble occurred between 1994 and 2000 when investors speculated wildly about the growth of the Technology ......