Shiller irrational exuberance. Irrational exuberance robert shiller pdf. Quality shortly after a briefing by the author Robert Shiller, Alan Greenspan, president of the Federal Reserve Board, warned the country of mood of 'irrational exuberance' that was pushing stock prices. Narrative Economics. Download full Narrative Economics Book or read online anytime anywhere, Available in PDF, ePub and Kindle. Click Get Books and find your favorite books in the online library. Create free account to access unlimited books, fast download and ads free! We cannot guarantee that Narrative Economics book is in the library.
Robert Shiller Bio
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.'--Jacket