Irrational Optimism: How Reckless Behavior Drives Markets
Original title: Irrational Exuberance
Author: Robert J. Schiller
Publisher: Alpina Publisher, 2016
ISBN 978-5-9614-5621-9
Pages: 421 pp.
Format: 60×90/16 (145×215 mm)
Weight: 610 g
Binding: Hardcover
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Read a book about our irrational financial beginnings
"People are aware of the fact that confidence is falling, which in turn means that they are somewhat aware of the importance of the psychological aspect in the development of the economic crisis." Robert Schiller
The book is about the theory of the emergence and deflating of speculative bubbles, namely, that as rational people we very often do things that are based on irrationality. How can we fight it? Can it be countered by a small group of people or should entire institutions be created for this purpose? An in-depth analysis of the last great stock market boom, based on numerous published studies and historical facts.
Why Irrational Optimism is worth reading
- A new look at the aftermath of the recent major global financial crisis and the dynamics of the crisis.
- Professional advice in developing strategies to deal with future crises.
- Human overconfidence and belief in the stability of stock markets leads to their collapse: what can be done about it?
- The woes of overinvestment - causes and consequences.
- Analysis of the development of the world economy under the influence of speculative markets instability.
- The future of ruthless capitalism: how to overcome the fear of bankruptcy and impoverishment?
- Psychological factors underlying market behavior.
Will be of interest to anyone who intends to buy or sell real estate, who is actively invited to invest in various banks, funds, mutual funds, etc.
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