Irrational Exuberance 在線電子書 圖書標籤: 金融 Finance 經濟 經濟學 IrrationalExuberate Economics Shiller CFA
發表於2024-12-23
Irrational Exuberance 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024
後半部分有很多long run short run price movement的討論 讓我想到自己問不同公司trader他們的decision making process 哎 還是exotic/macro比較有意思
評分1. Psychological effects do play an important role in the stock market peaks (or troughs). Irrational exuberance does exist 2. Irrational exuberance cannot be eliminated. There are some possible solutions: more effective risk management by individuals, guidance and proper interest rate policy from monetary authorities and improved information flow.
評分Behavior of all speculative markets, instability of the capitalist system
評分聽著席勒的Econ116,順便也看瞭看他2001年唱空故事、樓市的書,果然和聽他本人講課一個路數,喋喋絮絮的段子瞭麵講道理,而自己不顯示齣過多的感情,學者風範之餘有些《紐約客》式的冷幽默,。不過這本書不如《Animal Spirits》寫得好,太貼近“唱空市場”,雖然羅列數據、新聞、曆史,但不如前者對於市場中普通人的心理學、非理性總結、分析得那麼深刻。
評分Behavior of all speculative markets, instability of the capitalist system
Robert J. Shiller is the Stanley B. Resor Professor of Economics at Yale University. He is author of "The New Financial Order: Risk in the 21st Century" (Princeton) and "Market Volatility and Macro Markets", which won the 1996 Paul A. Samuelson Award.
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
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非理性繁榮(第2版)
读到庞氏骗局深有体会,自己又半山腰上买入,所有的理论工具都会,所有的知识都知道,却非理性的买入了了,在3200点,就是因为我去了趟证券公司开了创业板,体会到了人家都挣了两倍,然后还是两千万,太刺激了我,所以我忍了半天又进去了,自己这么样就动摇了,所以庞氏骗局太...
評分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 civilized societ...
評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...
評分读到庞氏骗局深有体会,自己又半山腰上买入,所有的理论工具都会,所有的知识都知道,却非理性的买入了了,在3200点,就是因为我去了趟证券公司开了创业板,体会到了人家都挣了两倍,然后还是两千万,太刺激了我,所以我忍了半天又进去了,自己这么样就动摇了,所以庞氏骗局太...
評分读到庞氏骗局深有体会,自己又半山腰上买入,所有的理论工具都会,所有的知识都知道,却非理性的买入了了,在3200点,就是因为我去了趟证券公司开了创业板,体会到了人家都挣了两倍,然后还是两千万,太刺激了我,所以我忍了半天又进去了,自己这么样就动摇了,所以庞氏骗局太...
Irrational Exuberance 在線電子書 pdf 下載 txt下載 epub 下載 mobi 下載 2024