Record - DRA Web2

Place Hold

Library:	Call Number:	Location:	Status:	Date Due:
Rochester Public Library	332.63222 SH621I	Adult Non Fiction, 2nd Floor	Available

Summary :

In light of Federal Reserve chairman Greenspan's famous reference to the volatile stock market's "irrational exuberance," a Yale U. economics professor challenges investors and policymakers to think beyond the market efficiency model to fathom the "new era economy." The hardcover edition (Princeton U. Press, 2000) was a bestseller. Annotation c. Book News, Inc., Portland, OR (booknews.com) Distributed by Syndetic Solutions, Inc.

Author Biography

Robert J. Shiller is the Stanley B. Resor Professor of Economics at Yale University. Also the author of the award-winning "Macro Markets" as well as "Market Volatility", he lives in New Haven, Connecticut. Distributed by Syndetic Solutions, Inc.

Table of Contents

List of Figures and Tables	p. ix
Preface	p. xi
Acknowledgments	p. xix
1 The Stock Market Level in Historical Perspective	p. 3
Part 1 Structural Factors
2 Precipitating Factors: The Internet, the Baby Boom, and Other Events	p. 17
3 Amplification Mechanisms: Naturally Occurring Ponzi Processes	p. 44
Part 2 Cultural Factors
4 The News Media	p. 71
5 New Era Economic Thinking	p. 96
6 New Eras and Bubbles around the World	p. 118
Part 3 Psychological Factors
7 Psychological Anchors for the Market	p. 135
8 Herd Behavior and Epidemics	p. 148
Part 4 Attempts to Rationalize Exuberance
9 Efficient Markets, Random Walks, and Bubbles	p. 171
10 Investor Learning--and Unlearning	p. 191
Part 5 A Call to Action
11 Speculative Volatility in a Free Society	p. 203
Notes	p. 235
References	p. 269
Index	p. 283

Distributed by Syndetic Solutions, Inc.

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