Irrational exuberance

By:

Shiller, Robert J

Material type: Text

TextPublication details: Princeton, NJ : Princeton University Press, 2000.Description: xxi, 296 pages : illustrations ; 24 cmISBN:

9780691173122

Subject(s):

Stocks -- United States. Stock exchanges -- United States. Stocks -- Prices -- United States. Risk. Dow Jones industrial average. DOW, JONES AND CO., NEW YORK. Actions (Titres de société) -- États-Unis. Bourse -- États-Unis. Actions (Titres de société) -- Prix -- États-Unis. Risque

DDC classification:

332.632220973 SHI

Contents:

The stock market level in historical perspective -- Precipitating factors: the internet, the baby boom and other events -- Amplification merchanisms: naturally occurring Ponzi processes -- The news media -- New era economic thinking -- New eras and bubbles around the world -- Psychological anchors for the market -- Herd behavior and epidemics -- Efficient market, random walks, and bubbles -- Investor learning -- and unlearning -- Speculative volatility in a free society.

Summary: "Robert J. Shiller offers an unconventional interpretation of recent U.S. stock market highs and shows that Alan Greenspan's term "irrational exuberance" is a good description of the mood behind the market. He warns that poorer performance may be in the offing and tells us how we - as a society and individually - can respond." "Irrational Exuberance is for individual investors as well as investment professionals, pension-plan sponsors, and endowment managers everywhere. It will be studied by policy makers and anyone from Wall Street to Main Street who doesn't want to be caught sitting on the speculative bubble if (or when) it bursts."

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	Prof. Ram Dayal Munda Central Library, IGNTU Amarkantak M.P.	Economics	332.632220973 SHI (Browse shelf(Opens below))	Available		65881

The stock market level in historical perspective --
Precipitating factors: the internet, the baby boom and other events --
Amplification merchanisms: naturally occurring Ponzi processes --
The news media --
New era economic thinking --
New eras and bubbles around the world --
Psychological anchors for the market --
Herd behavior and epidemics --
Efficient market, random walks, and bubbles --
Investor learning --
and unlearning --
Speculative volatility in a free society.

"Robert J. Shiller offers an unconventional interpretation of recent U.S. stock market highs and shows that Alan Greenspan's term "irrational exuberance" is a good description of the mood behind the market. He warns that poorer performance may be in the offing and tells us how we - as a society and individually - can respond." "Irrational Exuberance is for individual investors as well as investment professionals, pension-plan sponsors, and endowment managers everywhere. It will be studied by policy makers and anyone from Wall Street to Main Street who doesn't want to be caught sitting on the speculative bubble if (or when) it bursts."

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Irrational exuberance

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