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Wednesday, August 5, 2020 | History

7 edition of Irrational exuberance found in the catalog.

Irrational exuberance

Robert J. Shiller

Irrational exuberance

by Robert J. Shiller

  • 392 Want to read
  • 21 Currently reading

Published by Princeton University Press in Princeton, N.J .
Written in English

    Subjects:
  • Stocks -- United States,
  • Stock exchanges -- United States,
  • Stocks -- Prices -- United States,
  • Real property -- Prices -- United States,
  • Risk,
  • Dow Jones industrial average

  • Edition Notes

    Includes bibliographical references (p. 231-286) and index.

    StatementRobert J. Shiller.
    Classifications
    LC ClassificationsHG4910 .S457 2005
    The Physical Object
    Paginationxxv, 304 p. :
    Number of Pages304
    ID Numbers
    Open LibraryOL15589155M
    ISBN 100691123357
    LC Control Number2004024789
    OCLC/WorldCa56807021

    Book Description: 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, cautions that signs of irrational exuberance among investors have only increased since the financial high stock and bond prices and the rising cost . Robert Shiller's "Irrational Exuberance" is a seminal book that forewarned investors about the dot-com bust and housing crisis. In an exclusive interview with Business Insider Author: Akin Oyedele.

    With a new Afterword on the current state of the stock market, the ongoing debate over the “new economy,” and the larger implications of “irrational exuberance.” In this controversial, hard-hitting account of today’s explosive market, Robert J. Shiller, a leading expert on market volatility, evokes Alan Greenspan’s infamous reference, “irrational exuberance,” to explain 4/5(5).   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, cautions that signs of irrational exuberance among investors have only increased since the –9 financial high stock and bond prices and the rising cost of housing, the post /5().

    In Irrational Exuberance, economics professor Robert J. Shiller examines this public By history's yardstick, Shiller believes this market is grossly overvalued, and the factors that have conspired to create and amplify this event -- the baby-boom effect, the public infatuation with the Internet, and media interest -- will most certainly abate.   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 5/5(1).


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Irrational exuberance by Robert J. Shiller Download PDF EPUB FB2

“Irrational Exuberance [is] a dazzling, richly textured, provocative book offering a cogent statement of the bears’ view of events to come. Shiller is not merely a bear—he is a grizzly.” —BusinessWeek/5(52).

"Irrational Exuberance is not just a prophecy of doom [I]t is a serious attempt to explain how speculative bubbles come about and how they sustain themselves." [I]t is a serious attempt to explain how speculative bubbles come about and how they sustain themselves."/5(98).

The book gets its name and theme from the buzzwords used in Alan Greenspan's speech as the Chairman of the US Federal Reserve Board in It focuses on how the mood of 'irrational exuberance' is pushing up the stock prices and stretching the valuations and how the levels of the US Stock markets are way above rational.4/5.

"The point of Irrational Exuberance is not to help investors dump their houses before the current exuberance fades.

It is to deepen our understanding of the events we are watching as one bubble gives birth to another and to encourage readers to think about economic behavior and economic policies that can cushion the nasty side of volatility."/5(9). In other words, Irrational Exuberance is as relevant as ever.

Previous editions covered the stock and housing markets—and famously predicted their crashes. This edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets.

Irrational Exuberance Defined. Irrational exuberance refers to investor enthusiasm that drives asset prices up to levels that aren't supported by fundamentals. The term is believed to have been coined by Alan Greenspan in a speech, "The Challenge of Central Banking in a Democratic Society.".

Irrational Exuberance, Second Edition by Robert J. Shiller. This site offers updated information relating to the book Irrational Exuberance by Robert J. Shiller. One can access an Excel file with the data set (used and described in the book) on stock prices, earnings, dividends and interest rates sinceupdated.

From review of Princeton's previous edition: "Irrational Exuberance is not just a prophecy of doom [I]t is a serious attempt to explain how speculative bubbles come about and how they sustain themselves."--John Cassidy, New Yorker/5(32).

Irrational exuberance is a state of mania. In the stock market, it's when investors are so confident that the price of an asset will keep going up, they lose sight of its underlying value.

The phrase was coined by former Federal Reserve Chairman Alan Greenspan in It's also a book by Robert Shiller describing the stock market bubble. --Paul Krugman, New York Times^"Irrational Exuberance is not just a prophecy of doom [I]t is a serious attempt to explain how speculative bubbles come about and how they sustain themselves." [I]t is a serious attempt to explain how speculative bubbles come about and how they sustain themselves."/5().

Irrational Exuberance: Revised and Expanded Third Edition, Edition 3 - Ebook written by Robert J. Shiller. Read this book using Google Play Books app on your PC, android, iOS devices. Download for offline reading, highlight, bookmark or take notes while you read Irrational Exuberance: Revised and Expanded Third Edition, Edition /5(8).

If yes, you would benefit tremendously from adding Robert J. Shiller’s Irrational Exuberance to your bookshelf. In this awesome book, Robert outlines the many recurring factors and themes that have paved the way for basically all financial bubbles.

Irrational Exuberance Robert J. Shiller Princeton University Press Princeton, New Jersey. This book is a broad study, drawing on a wide range of published research and historical evidence, of the enormous recent stock market boom.

File Size: KB. Description of Irrational Exuberance by Robert J. Shiller PDF. Irrational Exuberance is the real estate investment, business finance, and bonds investing book which shares the different strategies of investing money.

Robert J. Shiller is the author of this outstanding book. Irrational Exuberancebelongs on every investor's bookshelf. Read Irrational Exuberance Widely accepted by many when Eugene Fama published the first definitive work inEMH is an investment theory that states it’s impossible to beat the markets because stock market efficiency causes share prices to always incorporate and reflect all relevant information/5.

It'd nearly a decade since this book, the 2nd edition of Irrational Exuberance, made its debut in A lot has happened since then in financial markets. In this latest, Third edition, Professor Shiller updates the text to reflect developments since the second edition/5(45).

The book originally contributed to my courage to be conservative on the market and hence was one of the most valuable books I have ever December 5, Chairman Alan Greenspan used the phrase "Irrational Exuberance" when speaking of his deep concern about the high level of stock prices -- not as a forecast but as a long term threat to 5/5(5).

Irrational exuberance User Review - Not Available - Book Verdict. Shiller (economics, Yale Univ.) has updated his landmark study of U.S. stock market psychology. In that work, he amassed research from market peaks in and to 4/5(10). 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. Read this book on Questia.

In this bold and potentially urgent volume, Robert J. Shiller, a respected expert on market volatility, 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. 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.Shortly after a briefing by author Robert Shiller, Alan Greenspan, chairman of the U.S.

Federal Reserve Board, warned the country about the mood of "irrational exuberance" that was pushing up stock prices. In hindsight, it's clear that the bull was just beginning. Anyone who heeded that warning would have missed nearly unprecedented gains.9/10().Shiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles — in stocks in the s and in housing between and He shows how these bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as a global credit crunch.