Irrational Exuberance:
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...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Princeton
Princeton University Press
2015
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Ausgabe: | 3rd ed |
Schlagworte: | |
Zusammenfassung: | 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. For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com |
Beschreibung: | Description based on publisher supplied metadata and other sources |
Beschreibung: | 1 online resource (376 pages) |
ISBN: | 9781400865536 9780691166261 |
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Datensatz im Suchindex
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any_adam_object | |
author | Shiller, Robert J. |
author_facet | Shiller, Robert J. |
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author_sort | Shiller, Robert J. |
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building | Verbundindex |
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dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
edition | 3rd ed |
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geographic_facet | USA |
id | DE-604.BV043613368 |
illustrated | Not Illustrated |
indexdate | 2024-07-10T07:30:53Z |
institution | BVB |
isbn | 9781400865536 9780691166261 |
language | English |
oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029027427 |
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open_access_boolean | |
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publishDate | 2015 |
publishDateSearch | 2015 |
publishDateSort | 2015 |
publisher | Princeton University Press |
record_format | marc |
spelling | Shiller, Robert J. Verfasser aut Irrational Exuberance 3rd ed Princeton Princeton University Press 2015 © 2015 1 online resource (376 pages) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources 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. For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com Geschichte 1871 gnd rswk-swf Dow Jones industrial average Real property -- Prices -- United States Risk Stock exchanges -- United States Stocks -- Prices -- United States Stocks -- United States Entwicklung (DE-588)4113450-3 gnd rswk-swf Anlageverhalten (DE-588)4214003-1 gnd rswk-swf Rentenmarkt (DE-588)4177794-3 gnd rswk-swf Aktienmarkt (DE-588)4130931-5 gnd rswk-swf Lernen (DE-588)4035408-8 gnd rswk-swf Börsenspekulation (DE-588)4131941-2 gnd rswk-swf Irrationalität (DE-588)4162427-0 gnd rswk-swf Aktienbörse (DE-588)4068500-7 gnd rswk-swf Immobilienmarkt (DE-588)4123416-9 gnd rswk-swf Kapitalmarkteffizienz (DE-588)4125264-0 gnd rswk-swf Spekulative Blase (DE-588)4450213-8 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf USA (DE-588)4078704-7 g Aktienmarkt (DE-588)4130931-5 s Aktienbörse (DE-588)4068500-7 s Immobilienmarkt (DE-588)4123416-9 s Rentenmarkt (DE-588)4177794-3 s Anlageverhalten (DE-588)4214003-1 s Spekulative Blase (DE-588)4450213-8 s Kapitalmarkteffizienz (DE-588)4125264-0 s Lernen (DE-588)4035408-8 s Irrationalität (DE-588)4162427-0 s 1\p DE-604 Entwicklung (DE-588)4113450-3 s Börsenspekulation (DE-588)4131941-2 s 2\p DE-604 Geschichte 1871 z 3\p DE-604 Erscheint auch als Druck-Ausgabe Shiller, Robert J . Irrational Exuberance 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 3\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Shiller, Robert J. Irrational Exuberance Dow Jones industrial average Real property -- Prices -- United States Risk Stock exchanges -- United States Stocks -- Prices -- United States Stocks -- United States Entwicklung (DE-588)4113450-3 gnd Anlageverhalten (DE-588)4214003-1 gnd Rentenmarkt (DE-588)4177794-3 gnd Aktienmarkt (DE-588)4130931-5 gnd Lernen (DE-588)4035408-8 gnd Börsenspekulation (DE-588)4131941-2 gnd Irrationalität (DE-588)4162427-0 gnd Aktienbörse (DE-588)4068500-7 gnd Immobilienmarkt (DE-588)4123416-9 gnd Kapitalmarkteffizienz (DE-588)4125264-0 gnd Spekulative Blase (DE-588)4450213-8 gnd |
subject_GND | (DE-588)4113450-3 (DE-588)4214003-1 (DE-588)4177794-3 (DE-588)4130931-5 (DE-588)4035408-8 (DE-588)4131941-2 (DE-588)4162427-0 (DE-588)4068500-7 (DE-588)4123416-9 (DE-588)4125264-0 (DE-588)4450213-8 (DE-588)4078704-7 |
title | Irrational Exuberance |
title_auth | Irrational Exuberance |
title_exact_search | Irrational Exuberance |
title_full | Irrational Exuberance |
title_fullStr | Irrational Exuberance |
title_full_unstemmed | Irrational Exuberance |
title_short | Irrational Exuberance |
title_sort | irrational exuberance |
topic | Dow Jones industrial average Real property -- Prices -- United States Risk Stock exchanges -- United States Stocks -- Prices -- United States Stocks -- United States Entwicklung (DE-588)4113450-3 gnd Anlageverhalten (DE-588)4214003-1 gnd Rentenmarkt (DE-588)4177794-3 gnd Aktienmarkt (DE-588)4130931-5 gnd Lernen (DE-588)4035408-8 gnd Börsenspekulation (DE-588)4131941-2 gnd Irrationalität (DE-588)4162427-0 gnd Aktienbörse (DE-588)4068500-7 gnd Immobilienmarkt (DE-588)4123416-9 gnd Kapitalmarkteffizienz (DE-588)4125264-0 gnd Spekulative Blase (DE-588)4450213-8 gnd |
topic_facet | Dow Jones industrial average Real property -- Prices -- United States Risk Stock exchanges -- United States Stocks -- Prices -- United States Stocks -- United States Entwicklung Anlageverhalten Rentenmarkt Aktienmarkt Lernen Börsenspekulation Irrationalität Aktienbörse Immobilienmarkt Kapitalmarkteffizienz Spekulative Blase USA |
work_keys_str_mv | AT shillerrobertj irrationalexuberance |