Irrational Exuberance (eBook)

Revised and Expanded Third Edition

Robert J. Shiller (Autor)

eBook Download: PDF | EPUB

2015 | 3., Revised and Expanded Third Edition
392 Seiten
Princeton University Press (Verlag)
978-1-4008-6553-6 (ISBN)

Infos

Robert J. Shiller, the recipient of the 2013 Nobel Prize in economics, is a bestselling author, a regular contributor to the Economic View column of the New York Times, and a professor of economics at Yale University. For more information, please go to www.irrationalexuberance.com.

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Why the irrational exuberance of investors hasn't disappeared since the financial crisisIn 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.

Produkt-Details

• Erscheint lt. Verlag: 25.1.2015
• Zusatzinfo: 18 line illus. 4 tables.
• Verlagsort: Princeton
• Sprache: englisch
• Themenwelt: Naturwissenschaften ► Biologie ► Ökologie / Naturschutz
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: 1997 Asian financial crisis • Advertising • Alan Greenspan • asset • Behavioral Economics • Bond Yield • Calculation • Capital Gain • Capitalism • Central Bank • Consumption (Economics) • Customer • Discounts and allowances • Diversification (finance) • dividend • Dividend Yield • Dow Jones Industrial Average • Economic bubble • Economic Growth • economic problem • Economics • economist • economy • efficient-market hypothesis • Employment • Exchange Rate • Finance • Financial Crisis • Financial crisis of 2007–08 • Forecasting • Futures exchange • High Tech • income • Inflation • institutional investor • Interest Rate • International Monetary Fund • Investment • Investor • Irrational Exuberance • Irrational Exuberance (book) • Long run and short run • Market Price • Market trend • Market Value • monetary policy • Money illusion • National Bureau of Economic Research • newspaper • New York Stock Exchange • optimism • Overreaction • P 500 Index • Pension • pension fund • percentage • Ponzi scheme • Poor's • Portfolio Insurance • Prediction • Present Value • price • price change • Price index • price level • Probability • Psychology • Publication • Quantitative Easing • Rate of return • Real estate appraisal • real estate bubble • real estate economics • Real interest rate • Real versus nominal value (economics) • Recession • Robert J. Shiller • S&amp • S&P 500 Index • saving • Share Price • Short sale (real estate) • Speculation • Standard &amp • Standard & Poor's • Stock exchange • Stock Market • Stock market bubble • Stock market crash • Suggestion • Supply (economics) • Tax • Technology • The New York Times • Time Value of Money • Trader (finance) • tulip mania • Uncertainty • Unemployment • Valuation (finance) • Value (economics) • Wealth • World War II • year
• ISBN-10: 1-4008-6553-0 / 1400865530
• ISBN-13: 978-1-4008-6553-6 / 9781400865536