Coverart for item
The Resource Irrational exuberance, Robert J. Shiller

Irrational exuberance, Robert J. Shiller

Label
Irrational exuberance
Title
Irrational exuberance
Statement of responsibility
Robert J. Shiller
Creator
Subject
Language
eng
Summary
"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"--Provided by publisher
Cataloging source
DLC
http://library.link/vocab/creatorName
Shiller, Robert J
Illustrations
illustrations
Index
index present
LC call number
HG4910
LC item number
.S457 2015
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Stocks
  • Stock exchanges
  • Stocks
  • Real property
  • Risk
  • Dow Jones industrial average
  • Dow Jones industrial average
  • Real property
  • Risk
  • Stock exchanges
  • Stocks
  • Stocks
  • United States
Label
Irrational exuberance, Robert J. Shiller
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 321-338) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
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 -- Part 1. Structural factors. Precipitating factors : the Internet, the capitalist explosion, and other events ; Amplification mechanisms : naturally occurring Ponzi processes -- Part 2: Cultural factors. The news media ; New era economic thinking ; New eras and bubbles around the world -- Part 3: Psychological factors. Psychological anchors for the market ; Herd behavior and epidemics -- Part 4: Attempts to rationalize exuberance. Efficient markets, random walks, and bubbles ; Investor learning- and unlearning -- Part 5: A call to action. Speculative volatility in a free society -- Appendix: Nobel Prize lecture: Speculative asset prices
Control code
891001561
Dimensions
25 cm
Edition
Revised and expanded third edition
Extent
xxxiii, 358 pages
Isbn
9780691166261
Isbn Type
(hardcover : acid-free paper)
Lccn
2014036705
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other control number
40024744359
Other physical details
illustrations
System control number
(OCoLC)891001561
Label
Irrational exuberance, Robert J. Shiller
Publication
Bibliography note
Includes bibliographical references (pages 321-338) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
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 -- Part 1. Structural factors. Precipitating factors : the Internet, the capitalist explosion, and other events ; Amplification mechanisms : naturally occurring Ponzi processes -- Part 2: Cultural factors. The news media ; New era economic thinking ; New eras and bubbles around the world -- Part 3: Psychological factors. Psychological anchors for the market ; Herd behavior and epidemics -- Part 4: Attempts to rationalize exuberance. Efficient markets, random walks, and bubbles ; Investor learning- and unlearning -- Part 5: A call to action. Speculative volatility in a free society -- Appendix: Nobel Prize lecture: Speculative asset prices
Control code
891001561
Dimensions
25 cm
Edition
Revised and expanded third edition
Extent
xxxiii, 358 pages
Isbn
9780691166261
Isbn Type
(hardcover : acid-free paper)
Lccn
2014036705
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other control number
40024744359
Other physical details
illustrations
System control number
(OCoLC)891001561

Library Locations

    • Copley LibraryBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771354 -117.193327
Processing Feedback ...