Why stock markets crash :: critical events in complex financial systems /
"The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, New Jersey :
Princeton University Press,
2017.
|
| Schriftenreihe: | Princeton science library.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. This book applies the author's experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. This book proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of stock market prices, otherwise known as a 'bubbles.' The book unearths remarkable insights and some predictions--among them, that the 'end of the growth era' will occur around 2050. The book probes major historical precedents, from the decades-long 'tulip mania' in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. It concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe."--Provided by publisher. |
| Beschreibung: | 1 online resource (xxvi, 421 pages) : illustrations |
| Bibliographie: | Includes bibliographical references (pages 397-418) and index. |
| ISBN: | 9781400885091 1400885094 |
Internformat
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| 100 | 1 | |a Sornette, Didier, |d 1957- |e author. |1 https://id.oclc.org/worldcat/entity/E39PBJw9644jHCJ3kDQ8wmXKh3 |0 http://id.loc.gov/authorities/names/no98106549 | |
| 245 | 1 | 0 | |a Why stock markets crash : |b critical events in complex financial systems / |c Didier Sornette ; with a new preface by the author. |
| 264 | 1 | |a Princeton, New Jersey : |b Princeton University Press, |c 2017. | |
| 300 | |a 1 online resource (xxvi, 421 pages) : |b illustrations | ||
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| 490 | 1 | |a Princeton science library | |
| 504 | |a Includes bibliographical references (pages 397-418) and index. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Financial crashes: what, how, why, and when? -- Fundamentals of financial markets -- Financial crashes are "outliers" -- Positive feedbacks -- Modeling financial bubbles and market crashes -- Hierarchies, complex fractal dimensions, and log-periodicity -- Autopsy of major crashes: universal exponents and log-periodicity -- Bubbles, crises, and crashes in emergent markets -- Prediction of bubbles, crashes, and antibubbles -- The end of the growth era? | |
| 520 | |a "The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. This book applies the author's experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. This book proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of stock market prices, otherwise known as a 'bubbles.' The book unearths remarkable insights and some predictions--among them, that the 'end of the growth era' will occur around 2050. The book probes major historical precedents, from the decades-long 'tulip mania' in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. It concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe."--Provided by publisher. | ||
| 546 | |a In English. | ||
| 650 | 0 | |a Stocks |x Prices |x History. | |
| 650 | 0 | |a Financial crises |z United States |x History. | |
| 650 | 0 | |a Stock exchanges |z United States |x History. | |
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| 650 | 0 | |a Complexity (Philosophy) |0 http://id.loc.gov/authorities/subjects/sh85029376 | |
| 650 | 6 | |a Actions (Titres de société) |x Prix |x Histoire. | |
| 650 | 6 | |a Phénomène critique (Physique) | |
| 650 | 6 | |a Complexité (Philosophie) | |
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| author | Sornette, Didier, 1957- |
| author_GND | http://id.loc.gov/authorities/names/no98106549 |
| author_facet | Sornette, Didier, 1957- |
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| callnumber-first | H - Social Science |
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| callnumber-raw | HB3722 .S67 2017eb |
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| contents | Financial crashes: what, how, why, and when? -- Fundamentals of financial markets -- Financial crashes are "outliers" -- Positive feedbacks -- Modeling financial bubbles and market crashes -- Hierarchies, complex fractal dimensions, and log-periodicity -- Autopsy of major crashes: universal exponents and log-periodicity -- Bubbles, crises, and crashes in emergent markets -- Prediction of bubbles, crashes, and antibubbles -- The end of the growth era? |
| ctrlnum | (OCoLC)975485375 |
| dewey-full | 332.63/222 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.63/222 |
| dewey-search | 332.63/222 |
| dewey-sort | 3332.63 3222 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| genre | History fast |
| genre_facet | History |
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| id | ZDB-4-EBA-ocn975485375 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:27:43Z |
| institution | BVB |
| isbn | 9781400885091 1400885094 |
| language | English |
| oclc_num | 975485375 |
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| physical | 1 online resource (xxvi, 421 pages) : illustrations |
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| publishDate | 2017 |
| publishDateSearch | 2017 |
| publishDateSort | 2017 |
| publisher | Princeton University Press, |
| record_format | marc |
| series | Princeton science library. |
| series2 | Princeton science library |
| spelling | Sornette, Didier, 1957- author. https://id.oclc.org/worldcat/entity/E39PBJw9644jHCJ3kDQ8wmXKh3 http://id.loc.gov/authorities/names/no98106549 Why stock markets crash : critical events in complex financial systems / Didier Sornette ; with a new preface by the author. Princeton, New Jersey : Princeton University Press, 2017. 1 online resource (xxvi, 421 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Princeton science library Includes bibliographical references (pages 397-418) and index. Print version record. Financial crashes: what, how, why, and when? -- Fundamentals of financial markets -- Financial crashes are "outliers" -- Positive feedbacks -- Modeling financial bubbles and market crashes -- Hierarchies, complex fractal dimensions, and log-periodicity -- Autopsy of major crashes: universal exponents and log-periodicity -- Bubbles, crises, and crashes in emergent markets -- Prediction of bubbles, crashes, and antibubbles -- The end of the growth era? "The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. This book applies the author's experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. This book proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of stock market prices, otherwise known as a 'bubbles.' The book unearths remarkable insights and some predictions--among them, that the 'end of the growth era' will occur around 2050. The book probes major historical precedents, from the decades-long 'tulip mania' in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. It concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe."--Provided by publisher. In English. Stocks Prices History. Financial crises United States History. Stock exchanges United States History. Critical phenomena (Physics) http://id.loc.gov/authorities/subjects/sh85034140 Complexity (Philosophy) http://id.loc.gov/authorities/subjects/sh85029376 Actions (Titres de société) Prix Histoire. Phénomène critique (Physique) Complexité (Philosophie) BUSINESS & ECONOMICS Finance. bisacsh Complexity (Philosophy) fast Critical phenomena (Physics) fast Financial crises fast Stock exchanges fast Stocks Prices fast United States fast https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq History fast Print version: Sornette, Didier, 1957- Why stock markets crash. Princeton : Princeton University Press, 2017 0691175950 (DLC) 2016961393 (OCoLC)980351593 Princeton science library. http://id.loc.gov/authorities/names/n88540101 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1431866 Volltext |
| spellingShingle | Sornette, Didier, 1957- Why stock markets crash : critical events in complex financial systems / Princeton science library. Financial crashes: what, how, why, and when? -- Fundamentals of financial markets -- Financial crashes are "outliers" -- Positive feedbacks -- Modeling financial bubbles and market crashes -- Hierarchies, complex fractal dimensions, and log-periodicity -- Autopsy of major crashes: universal exponents and log-periodicity -- Bubbles, crises, and crashes in emergent markets -- Prediction of bubbles, crashes, and antibubbles -- The end of the growth era? Stocks Prices History. Financial crises United States History. Stock exchanges United States History. Critical phenomena (Physics) http://id.loc.gov/authorities/subjects/sh85034140 Complexity (Philosophy) http://id.loc.gov/authorities/subjects/sh85029376 Actions (Titres de société) Prix Histoire. Phénomène critique (Physique) Complexité (Philosophie) BUSINESS & ECONOMICS Finance. bisacsh Complexity (Philosophy) fast Critical phenomena (Physics) fast Financial crises fast Stock exchanges fast Stocks Prices fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85034140 http://id.loc.gov/authorities/subjects/sh85029376 |
| title | Why stock markets crash : critical events in complex financial systems / |
| title_auth | Why stock markets crash : critical events in complex financial systems / |
| title_exact_search | Why stock markets crash : critical events in complex financial systems / |
| title_full | Why stock markets crash : critical events in complex financial systems / Didier Sornette ; with a new preface by the author. |
| title_fullStr | Why stock markets crash : critical events in complex financial systems / Didier Sornette ; with a new preface by the author. |
| title_full_unstemmed | Why stock markets crash : critical events in complex financial systems / Didier Sornette ; with a new preface by the author. |
| title_short | Why stock markets crash : |
| title_sort | why stock markets crash critical events in complex financial systems |
| title_sub | critical events in complex financial systems / |
| topic | Stocks Prices History. Financial crises United States History. Stock exchanges United States History. Critical phenomena (Physics) http://id.loc.gov/authorities/subjects/sh85034140 Complexity (Philosophy) http://id.loc.gov/authorities/subjects/sh85029376 Actions (Titres de société) Prix Histoire. Phénomène critique (Physique) Complexité (Philosophie) BUSINESS & ECONOMICS Finance. bisacsh Complexity (Philosophy) fast Critical phenomena (Physics) fast Financial crises fast Stock exchanges fast Stocks Prices fast |
| topic_facet | Stocks Prices History. Financial crises United States History. Stock exchanges United States History. Critical phenomena (Physics) Complexity (Philosophy) Actions (Titres de société) Prix Histoire. Phénomène critique (Physique) Complexité (Philosophie) BUSINESS & ECONOMICS Finance. Financial crises Stock exchanges Stocks Prices United States History |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1431866 |
| work_keys_str_mv | AT sornettedidier whystockmarketscrashcriticaleventsincomplexfinancialsystems |