MARC Record from marc_nuls

LEADER: 04169cam 2200445 i 4500
001 9925206301301661
005 20150905052355.6
008 140919s2015 njua b 001 0 eng
010 $a 2014036705
019 $a894625410
020 $a9780691166261 (hardcover : acid-free paper)
020 $a0691166269 (hardcover : acid-free paper)
024 8 $a40024744359
035 $a99964354539
035 $a(OCoLC)891001561$z(OCoLC)894625410
035 $a(OCoLC)ocn891001561
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042 $apcc
043 $an-us---
050 00 $aHG4910$b.S457 2015
082 00 $a332.63/2220973$223
100 1 $aShiller, Robert J.,$eauthor.
245 10 $aIrrational exuberance /$cRobert J. Shiller.
250 $aRevised and expanded third edition.
264 1 $aPrinceton :$bPrinceton University Press,$c[2015]
300 $axxxiii, 358 pages :$billustrations ;$c25 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
504 $aIncludes bibliographical references (pages 321-338) and index.
505 0 $aPreface to the third edition -- Preface to the second edition, 2005 -- Preface to the first edition, 2000 -- The stock market in historical perspective -- The bond market in historical perspective -- The real estate market in historical perspective -- Part 1. Structural factors. Precipitating factors : the Internet, the capitalist explosion, and other events ; Amplification mechanisms : naturally occurring Ponzi processes -- Part 2. Cultural factors. The news media ; New era economic thinking ; New eras and bubbles around the world -- Part 3. Psychological factors. Psychological anchors for the market ; Herd behavior and epidemics -- Part 4. Attempts to rationalize exuberance. Efficient markets, random walks, and bubbles ; Investor learning and unlearning -- Part 5. A call to action. Speculative volatility in a free society -- Appendix. Nobel Prize lecture : Speculative asset prices.
520 $a"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"--Provided by publisher.
650 0 $aStocks$zUnited States.
650 0 $aStock exchanges$zUnited States.
650 0 $aStocks$xPrices$zUnited States.
650 0 $aReal property$xPrices$zUnited States.
650 0 $aRisk.
650 0 $aDow Jones industrial average.
947 $hCIRCSTACKS$r31786103008857
980 $a99964354539