Irrational Exuberance 3rd edition (by Robert J. Shiller)


Author(s): Robert J. Shiller

Publisher: Princeton University Press
Publish date: 2015-01-25
ISBN-10: 0691166269
ISBN-13: 9780691166261
Language: English
Description:
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… more…

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