Emotions in finance :: booms, busts and uncertainty /

"Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after...

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Bibliographische Detailangaben
1. Verfasser: Pixley, Jocelyn, 1947-
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cambridge ; New York : Cambridge University Press, 2012.
Ausgabe:2nd ed.
Schriftenreihe:Finance professional collection
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:"Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after crisis, this attempt to defeat uncertainty persists. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial markets, this book argues that the only way to face uncertainty is with emotions and values. It presents an original explanation of how booms and busts arise from internal disputes over trust between financial corporations. Just as the first edition warned prophetically of the dangers of excessive faith in the rationality of financial market behaviour, this new edition provides a sociological explanation of how this contributed to the recent financial crisis"--
Beschreibung:1 online resource
Bibliographie:Includes bibliographical references and index.
ISBN:9781139424349
1139424343
9781139084567
1139084569
9786613662200
6613662208
1139422308
9781139422307
1107232325
9781107232327
1139418211
9781139418218
1280685263
9781280685262
1139420259
9781139420259
1139423274
9781139423274

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