Irrational exuberance

Book 2016

CNBC, day trading, the Motley Fool, Silicon Investor -- not since the 1920s has there been such an intense fascination with the U.S. stock market. For an increasing number of Americans, logging on to Yahoo! Finance is a habit more precious than that morning cup of joe (as thousands of SBUX and YHOO shareholders know too well). In Irrational Exuberance, economics professor Robert J. Shiller examines this public fascination with stocks and sees a c...

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Explore Topics & Themes:

Dow Jones industrial average

Real property Prices United States

Risk

Stock exchanges United States

Stocks Prices United States

Stocks United States

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ISBN:

9780691173122
0691173125

Edition:

First paperback edition, Revised and expanded third edition

Description:

xxxiii, 358 pages : illustrations ; 21 cm

Notes:

Originally published: 2015
Includes bibliographical references (pages 321-338) and index

Contents:

Preface to the third edition
Preface to the second edition, 2005
Preface to the first edition, 2000
The stock market in historical perspective
The bond market in historical perspective
The real estate market in historical perspective
Precipitating factors: The Internet, the capitalist explosion, and other events
Amplification mechanisms: Naturally occurring Ponzi processes
The news media
New era economic thinking
New eras and bubbles around the world
Psychological anchors for the market
Herd behavior and epidemics
Efficient markets, random walks, and bubbles
Investor learning and unlearning
Speculative volatility in a free society
Appendix: Nobel Prize lecture: Speculative asset prices

LCCN:

2014036705

Control Number:

3269281

Other Authors:

Shiller, Robert J. Speculative asset prices

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