Irrational Exuberance: Revised and Expanded Third Edition

by: Robert J. Shiller

ISBN-10: 0691173125

ISBN-13: 9780691173122

Edition: 3
Released: 2016-08-16

Paperback: 392 pages
List Price
Table of contents:
Content: Preface to the third edition —
Preface to the second edition, 2005 —
Preface to the first edition, 2000 —
The stock market in historical perspective —
The bond market in historical perspective —
The real estate market in historical perspective —
Part 1. Structural factors. Precipitating factors: the Inteet, the capitalist explosion, and other events
Amplification mechanisms: naturally occurring Ponzi processes —
Part 2. Cultural factors. The news media
New era economic thinking
New eras and bubbles around the world —
Part 3. Psychological factors. Psychological anchors for the market
Herd behavior and epidemics —
Part 4. Attempts to rationalize exuberance. Efficient markets, random walks, and bubbles
Investor leaing and unleaing —
Part 5. A call to action. Speculative volatility in a free society —
Appendix. Nobel Prize lecture: Speculative asset prices.