irrational exuberance

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Irrational Exuberance

Author : Robert J. Shiller
ISBN : 9781400865536
Genre : Business & Economics
File Size : 49. 27 MB
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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, cautions that signs of irrational exuberance among investors have only increased since the 2008–9 financial crisis. With high stock and bond prices and the rising cost of housing, 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. Previous editions covered the stock and housing markets—and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. It also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which places 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 this book.

Irrational Exuberance Reconsidered

Author : Mathias Külpmann
ISBN : 9783540247654
Genre : Business & Economics
File Size : 27. 18 MB
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Mathias Külpmann presents a framework to evaluate whether the stock market is in line with underlying fundamentals. The new and revised edition offers an up to date introduction to the controversy between rational asset pricing and behavioural finance. Empirical evidence of stock market overreaction are investigated within the paradigms of rational asset pricing and behavioural finance. Although this monograph will not promise the reader to become a millionaire, it offers a road to obtain a deeper understanding of the forces which drive stock returns. It should be of interest to anyone interested in what drives performance in the stock market.

Irrational Exuberance In The U S Housing Market

Author : Christopher W. Crowe
ISBN : 9781451916393
Genre : Business & Economics
File Size : 64. 6 MB
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The recent housing bust has reignited interest in psychological theories of speculative excess (Shiller, 2007). I investigate this issue by identifying a segment of the U.S. population-evangelical protestants-that may be less prone to speculative motives, and uncover a significant negative relationship between their population share and house price volatility. Evangelicals'' focus on Biblical prophecy could account for this difference, since it may enable them to interpret otherwise negative events as containing positive news, dampening the response of house prices to shocks. I provide evidence for this channel using a popular internet measure of "prophetic activity" and a 9/11 event study. I also analyze survey data covering religious beliefs and asset holding, and find that ''end times'' beliefs are associated with a one-third decline in net worth, consistent with these beliefs providing a form of psychic insurance (Scheve and Stasavage, 2006a and 2006b) that reduces asset demand.

Irrational Exuberance

Author : Anthony Sweeney
ISBN : 1901657841
Genre : Business cycles
File Size : 77. 48 MB
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An analysis of the myth of the Celtic Tiger - Ireland's boom-bust cycle.

Irrational Exuberance Arc To 25 Pages 26 To 50 Pages 51 To 75 Pages 76 To 100 Pages 101 To 125 Pages 126 To 150 Pages 151 To 175 Pages 176 To 200 Pages 201 To 225 Pages 226 To 250 Pages 251 To 275 Pages 276 To 300 Pages 301 To 325 Pages 326 To 350 Pages 351 To 374

Author : Robert J. Shiller
ISBN : 1400897424
Genre :
File Size : 26. 32 MB
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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 wor.

Aktien F R Die Ewigkeit

Author : Jeremy J. Siegel
ISBN : 9783862489008
Genre : Business & Economics
File Size : 27. 99 MB
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DAS Standardwerk für die richtige Portfoliostrategie und eine kontinuierliche Rendite in allen Marktphasen. Der Bestseller "Stocks for the Long Run" in der 5., komplett überarbeiteten Auflage. Weltweit schwankende Aktienmärkte – die Zeiten sind chaotisch. Viele Anleger ziehen sich von den Börsen zurück oder wagen sich gar nicht erst an den Aktienmarkt. Und doch gibt es zahlreiche Möglichkeiten, das eigene Anlageportfolio so aufzubauen, dass trotz aller Unwägbarkeiten, unabhängig von der Lage an den Märkten, regelmäßige und dauerhafte Renditen erzielt werden können. Jeremy Siegels Klassiker stellt die wichtigsten Kriterien zusammen, die jeder Aktionär berücksichtigen sollte, um sein Portfolio möglichst stabil und sicher zu gestalten. Er zeigt die wichtigsten Kennzahlen und Strategien auf und erläutert, wie risikoarme aber renditestarke Investments funktionieren. Neben diesen ganz konkreten Investmentstrategien liefert er langfristige Einschätzungen des Marktgeschehens und der Konsequenzen für Anleger.

Financial Fragility With Rational And Irrational Exuberance

Author :
ISBN : OCLC:45357886
Genre :
File Size : 74. 68 MB
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The Federal Reserve Bank of Kansas City provides access to the full text of the paper "Financial Fragility with Rational and Irrational Exuberance," written by Roger D. Lagunoff and Stacey L. Schreft. The paper formalizes investor rationality and irrationality to consider the implications of belief formation for the economy's financial structure.

Financial Fragility With Rational And Irrational Exuberance

Author :
ISBN : OCLC:45399628
Genre : Economic forecasting
File Size : 59. 68 MB
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The article discusses economic financial structures and investment forecasting.

Irrational Exuberance Dancing On The Lip Of The Volcano

Author :
ISBN : OCLC:961899582
Genre : Art
File Size : 86. 14 MB
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Behavioral Finance

Author : Matt Maaske
ISBN : OCLC:57247554
Genre : Finance
File Size : 24. 64 MB
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"The speculative bubble in stock prices (particularly those of technology stocks) that began to form in 1995 and subsequently burst in March of 2000 has renewed interest in the psychology of investor behavior. Although speculative bubbles are by no means new, they all share numerous characteristics, including irrational behavior on the part of investors, both individual and institutional. This study will seek to explore and address why investor behavior in speculative periods does not conform to traditional economic theory, which assumes that all actors behave rationally. In addition, the study will examine why, despite myriad historical examples, investors repeatedly make the same mistakes during these speculative times."--Author's abstract.

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