Robert James "Bob" Shiller (born Detroit, Michigan,March 29, 1946) is an American economist, academic, and best-selling author. He currently serves as the Arthur M. Okun Professor of Economics at Yale University and is a Fellow at the Yale International Center for Finance, Yale School of Management. Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was Vice President of the American Economic Association in 2005, and President of the Eastern Economic Association for 2006-2007. He is also the co-founder and chief economist of the investment management firm MacroMarkets LLC.
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.
Previous editions covered the stock and housing markets--and famously predicted their crashes. This new edition expands its coverage to include the bond market, so that the book now addresses all of the major investment markets. This edition also includes updated data throughout, as well as Shiller's 2013 Nobel Prize lecture, which puts the book in broader context.
In addition to diagnosing the causes of asset bubbles, Irrational Exuberance recommends urgent policy changes to lessen their likelihood and severity--and suggests ways that individuals can decrease their risk before the next bubble bursts. No one whose future depends on a retirement account, a house, or other investments can afford not to read it.
For more information, including new developments and regular data updates, please go to www.irrationalexuberance.com
本学期我选修了这门课,会随着课程而更新课堂笔记:[1-7课],[8-14课],[15-23课(完)] 这是入门级的概论课。如果你有一点金融基础,就不必看了。 自己收集的书目:[金融通识 Finance for Liberal Arts] Course Description: Financial institutions are a pillar of civilize...
评分读过此书的人建议结合以下两本《伟大的博弈》,《不确定状态下下的判断启发式和偏差》 《非理性繁荣》--抛开现象看本质,对冲基金的必修课本。 《伟大的博弈》--展示美国百年金融发展历史,波澜壮阔。 《不确定状态下下的判断启发式和偏差》--更加微观的揭示人类与生俱来的行为...
评分 评分 评分不仅仅是因为它在畅销书排行榜上赫赫有名,更是因为想在金融危机的背景下看看希勒对于市场的现实主义看法,我选择了读《非理性繁荣》这本书。 在《非理性繁荣》一书中,作者通篇用大量研究数据和通篇的新闻、资料等证明说明了在不同时期股票市场和资本市场的非理性的繁荣状态,...
中心思想都在标题里了(作为一个金融专业出身的人居然读到一半读不下去了是不是不太合格……果然还是转行算了吧)
评分New Edition
评分中心思想都在标题里了(作为一个金融专业出身的人居然读到一半读不下去了是不是不太合格……果然还是转行算了吧)
评分陆陆续续拖了快一年才读完。还差Nobel Prize课程的Appendix. 全书干货有些,但是需要提炼。有趣的点可能在一些心理学的研究结论上面。从投资角度来说,对价值投资和有效市场理论都点到为止了一下,虽然提出了各自的不足,但是没有给出基于行为经济学的矫正意见——毕竟是大众科普读物吧。研究Irrational Exuberance可能做为对于政府经济行为的指导意见强于对投资的意见,毕竟如果单纯靠群体性的投资行为的话,为何不去做Momentum Investing呢?这本书的价值可能在于当市场过分Fear或者Greed以至于个人受到社会压力的影响太强从而可能做出糟糕的投资决定的时候,读一下这本书做为一个self reflection,一个熔断机制,可能会做出更理智的投资决定。
评分经济概念,正确的打开方式仍然是心理学... 29,87,00,08都是怎么崩的?(参考Margin Call里Irons的风轻云淡如数家珍)席勒爷爷告诉我们,大家都买了起来,那就崩了!五年以来只翻到第二章的书… 果然书非应景不能读也。大篇幅严谨的论据,金子也有但不多;他老人家的中心思想已经广为流传,这书看不看都行。
本站所有内容均为互联网搜索引擎提供的公开搜索信息,本站不存储任何数据与内容,任何内容与数据均与本站无关,如有需要请联系相关搜索引擎包括但不限于百度,google,bing,sogou 等
© 2025 qciss.net All Rights Reserved. 小哈图书下载中心 版权所有