Economic Bubbles A Story Of New Eras Emotional Contagion And Structural Support
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Economic Bubbles A Story Of New Eras Emotional Contagion And Structural Support
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Author : Sophia Kühnlenz
language : en
Publisher: diplom.de
Release Date : 2014-01-01
Economic Bubbles A Story Of New Eras Emotional Contagion And Structural Support written by Sophia Kühnlenz and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-01 with Business & Economics categories.
Economic bubbles go hand in hand with financial inventions, financial liberalization and excess leverage. Frequently these bubbles are fueled by the overoptimistic outlook not only of the so-called experts or gurus but also by the extremely positive perception of the general public. Great hikes in asset and commodity markets are believed to be a result of the new economy that has been created. Historical levels of markets and where the level of fundamentals should really be are either unknown or completely ignored. Partially one could account this to the short financial memory of market participants. Partially the abstract nature of the markets and the complexity of financial products themselves may be the reason. This paper tries to identify regularities defining economic bubbles concentrating on the most recent ones. Different approaches in explaining market movements will be discussed. Further, not only structural but especially psychological factors which may cause the emergence, the inflation and the implosion of economic bubbles are considered. Already existing agent based models, policy responses and possible future policy measures are analyzed and evaluated.
Economic Bubbles A Story Of New Eras Emotional Contagion And Structural Support
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Author : Sophia Kühnlenz
language : en
Publisher: Anchor Academic Publishing (aap_verlag)
Release Date : 2014-03-13
Economic Bubbles A Story Of New Eras Emotional Contagion And Structural Support written by Sophia Kühnlenz and has been published by Anchor Academic Publishing (aap_verlag) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-13 with Business & Economics categories.
Economic bubbles go hand in hand with financial inventions, financial liberalization and excess leverage. Frequently these bubbles are fueled by the overoptimistic outlook not only of the so-called experts or gurus but also by the extremely positive perception of the general public. Great hikes in asset and commodity markets are believed to be a result of the new economy that has been created. Historical levels of markets and where the level of fundamentals should really be are either unknown or completely ignored. Partially one could account this to the short financial memory of market participants. Partially the abstract nature of the markets and the complexity of financial products themselves may be the reason. This paper tries to identify regularities defining economic bubbles concentrating on the most recent ones. Different approaches in explaining market movements will be discussed. Further, not only structural but especially psychological factors which may cause the emergence, the inflation and the implosion of economic bubbles are considered. Already existing agent based models, policy responses and possible future policy measures are analyzed and evaluated.
Handbook Of Investors Behavior During Financial Crises
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Author : Fotini Economou
language : en
Publisher: Academic Press
Release Date : 2017-06-24
Handbook Of Investors Behavior During Financial Crises written by Fotini Economou and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-24 with Business & Economics categories.
The Handbook of Investors' Behavior during Financial Crises provides fundamental information about investor behavior during turbulent periods, such the 2000 dot com crash and the 2008 global financial crisis. Contributors share the same behavioral finance tools and techniques while analyzing behaviors across a variety of market structures and asset classes. The volume provides novel insights about the influence and effects of regional differences in market design. Its distinctive approach to studies of financial crises is of key importance in our contemporary financial landscape, even more so since the accelerated process of globalization has rendered the outbreak of financial crises internationally more commonplace compared to previous decades. Encompasses empirical, quantitative and regulation-motivated studies Includes information about retail and institutional investor behavior Analyzes optimal financial structures for the development and growth of specific regional economies
The Age Of Surveillance Capitalism
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Author : Shoshana Zuboff
language : en
Publisher: Profile Books
Release Date : 2019-01-31
The Age Of Surveillance Capitalism written by Shoshana Zuboff and has been published by Profile Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-31 with Computers categories.
THE TOP 10 SUNDAY TIMES BESTSELLER Shortlisted for the FT Business Book of the Year Award 2019 'Easily the most important book to be published this century. I find it hard to take any young activist seriously who hasn't at least familarised themselves with Zuboff's central ideas.' - Zadie Smith, The Guardian The challenges to humanity posed by the digital future, the first detailed examination of the unprecedented form of power called "surveillance capitalism," and the quest by powerful corporations to predict and control us. The heady optimism of the Internet's early days is gone. Technologies that were meant to liberate us have deepened inequality and stoked divisions. Tech companies gather our information online and sell it to the highest bidder, whether government or retailer. Profits now depend not only on predicting our behaviour but modifying it too. How will this fusion of capitalism and the digital shape our values and define our future? Shoshana Zuboff shows that we are at a crossroads. We still have the power to decide what kind of world we want to live in, and what we decide now will shape the rest of the century. Our choices: allow technology to enrich the few and impoverish the many, or harness it and distribute its benefits. The Age of Surveillance Capitalism is a deeply-reasoned examination of the threat of unprecedented power free from democratic oversight. As it explores this new capitalism's impact on society, politics, business, and technology, it exposes the struggles that will decide both the next chapter of capitalism and the meaning of information civilization. Most critically, it shows how we can protect ourselves and our communities and ensure we are the masters of the digital rather than its slaves.
Emotional Contagion
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Author : Elaine Hatfield
language : en
Publisher: Cambridge University Press
Release Date : 1994
Emotional Contagion written by Elaine Hatfield and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Psychology categories.
A study of the phenomenon of emotion contagion, or the communication of mood to others.
Narrative Economics
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Author : Robert J. Shiller
language : en
Publisher: Princeton University Press
Release Date : 2020-09-01
Narrative Economics written by Robert J. Shiller and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-01 with Business & Economics categories.
From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.
Irrational Exuberance
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Author : Robert J. Shiller
language : en
Publisher: Princeton University Press
Release Date : 2005-03-14
Irrational Exuberance written by Robert J. Shiller and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-03-14 with Business & Economics categories.
This first edition of this book was a broad study, drawing on a wide range of published research and historical evidence, of the enormous stock market boom that started around 1982 and picked up incredible speed after 1995. Although it took as its specific starting point this ongoing boom, it placed it in the context of stock market booms generally, and it also made concrete suggestions regarding policy changes that should be initiated in response to this and other such booms. The book argued that the boom represents a speculative bubble, not grounded in sensible economic fundamentals. Part one of the book considered structural factors behind the boom. A list of twelve precipitating factors that appear to be its ultimate causes was given. Amplification mechanisms, naturally-occurring Ponzi processes, that enlarge the effects of these precipitating factors, were described. Part Two discussed cultural factors, the effects of the news media, and of "new era" economic thinking. Part Three discussed psychological factors, psychological anchors for the market and herd behavior. Part Four discussed attempts to rationalize exuberance: efficient markets theory and theories that investors are learning. Part Five presented policy options and actions that should be taken. The second edition, 2005, added an analysis of the real estate bubble as similar to the stock market bubble that preceded it, and warned that "Significant further rises in these markets could lead, eventually, to even more significant declines. The bad outcome could be that eventual declines would result in a substantial increase in the rate of personal bankruptcies, which could lead to a secondary string of bankruptcies of financial institutions as well. Another long-run consequence could be a decline in consumer and business confidence, and another, possibly worldwide, recession." Thus, the second edition of this book was among the first to warn of the global financial crisis that began with the subprime mortgage debacle in 2007.
Famous First Bubbles
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Author : Peter M. Garber
language : en
Publisher: MIT Press
Release Date : 2001-08-24
Famous First Bubbles written by Peter M. Garber and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-08-24 with Business & Economics categories.
The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
Emotions In Finance
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Author : Jocelyn Pixley
language : en
Publisher: Cambridge University Press
Release Date : 2004-11-23
Emotions In Finance written by Jocelyn Pixley and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-11-23 with Business & Economics categories.
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Irrational Exuberance
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Author : Robert J. Shiller
language : en
Publisher: Broadway
Release Date : 2001
Irrational Exuberance written by Robert J. Shiller and has been published by Broadway this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
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 1996 reference, "irrational exuberance," to explain the alternately soaring and declining stock market. Shiller's unconventional yet persuasive argument credits an unprecedented confluence of events with driving stocks to uncharted heights, and he analyzes the structural, cultural, and psychological factors behind these levels of growth not reflected in any other sector of the economy. Now more relevant than ever, this analysis is both chilling and convincing-a must-read for the individual investor, the policy maker, and the investment professional.