1 option
Irrational exuberance / Robert J. Shiller.
LIBRA HG4910 .S457 2000
Available from offsite location
- Format:
- Book
- Author/Creator:
- Shiller, Robert J.
- Language:
- English
- Subjects (All):
- Stocks--United States.
- Stocks.
- United States.
- Stock exchanges--United States.
- Stock exchanges.
- Stocks--Prices--United States.
- Stocks--Prices.
- Risk.
- Dow Jones industrial average.
- Physical Description:
- xxi, 296 pages : illustrations ; 25 cm
- Place of Publication:
- Princeton, NJ : Princeton University Press, [2000]
- Summary:
- In this bold and potentially urgent volume, Shiller, a respected expert on market volatility, explains why the U.S. stock market is posting all-time highs, warns that it may be in for a tumble, and tells us how we--as a country and individually--can respond.
- Contents:
- 1 The Stock Market Level in Historical Perspective 3
- Part 1 Structural Factors
- 2 Precipitating Factors: The Internet, the Baby Boom, and Other Events 17
- 3 Amplification Mechanisms: Naturally Occurring Ponzi Processes 44
- Part 2 Cultural Factors
- 4 The News Media 71
- 5 New Era Economic Thinking 96
- 6 New Eras and Bubbles around the World 118
- Part 3 Psychological Factors
- 7 Psychological Anchors for the Market 135
- 8 Herd Behavior and Epidemics 148
- Part 4 Attempts to Rationalize Exuberance
- 9 Efficient Markets, Random Walks, and Bubbles 171
- 10 Investor Learning
- and Unlearning 191
- Part 5 A Call to Action
- 11 Speculative Volatility in a Free Society 203.
- Notes:
- Includes bibliographical references (pages 269-281) and index.
- ISBN:
- 0691050627
- OCLC:
- 42980281
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.