LEADER 00000cam  2200409 i 4500 
001    sky264558315 
003    SKY 
005    20150402111756.0 
008    140919s2015    njua     b    001 0 eng   
010    2014036705 
020    9780691166261 (hardcover : acid-free paper) 
020    0691166269 (hardcover : acid-free paper) 
040    DLC|beng|erda|cDLC|dDLC|dSKYRV|dUtOrBLW 
042    pcc 
043    n-us--- 
082 00 332.63/2220973|223 
092    332.63222|bSHI 
100 1  Shiller, Robert J. 
245 10 Irrational exuberance /|cRobert J. Shiller. 
250    Revised and expanded third edition. 
264  1 Princeton :|bPrinceton University Press,|c[2015] 
264  4 |c©2015 
300    xxx iii, 358 pages :|billustrations ;|c25 cm. 
336    text|btxt|2rdacontent. 
337    unmediated|bn|2rdamedia. 
338    volume|bnc|2rdacarrier. 
504    Includes bibliographical references (pages 321-338) and 
       index. 
505 0  The stock market in historical perspective -- The bond 
       market in historical perspective -- The real estate market
       in historical perspective -- Precipitating factors: the 
       Internet, the capitalist explosion, and other events -- 
       Amplification mechanisms: naturally ocurring 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 markets, random walks, and bubbles -- Investor 
       learning--and unlearning -- Speculative volatility in a 
       free society. 
520    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. 
650  0 Stocks. 
650  0 Stock exchanges. 
650  0 Stocks|xPrices. 
650  0 Real property|xPrices. 
650  0 Risk. 
650  0 Dow Jones industrial average.