Market Volatility by Robert J. Shiller - ISBN: 9780262691512
Paperback
Proposing a theory, backed by statistical evidence, on the causes of price fluctuations in speculative markets, this text challenges the standard efficient-markets model for explaining asset prices. It emphasizes the role popular opinion or psychology can play in price volatility.

Market Volatility

$103.31

  • Paperback

    480 pages

  • Release Date

    30 January 1992

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Summary

Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility. Why does the stock market crash from time to time? Why does real estate go in and out of booms? Why do long term borrowing rates suddenly make surprising shifts? Ma…

Book Details

ISBN-13:9780262691512
ISBN-10:0262691515
Author:Robert J. Shiller
Publisher:MIT Press Ltd
Imprint:MIT Press
Format:Paperback
Number of Pages:480
Release Date:30 January 1992
Weight:771g
Dimensions:229mm x 152mm x 24mm
Series:Market Volatility
What They're Saying

Critics Review

“Shiller’s book should be read by anyone with a serious interest in the functioning of markets.” Richard A. Grasso , President and Chief Operating Officer, New York Stock Exchange “A specter haunts modern economics: ‘individual stocks perform random walks in efficient markets, but the level of the whole market displays no demonstrable efficiency.’ Bob Shiller is the key economist in this great debate. Buy his book and think on its contents. Learn what the October 1987 crash was all about.” Paul Samuelson , Institute Professor, MIT

About The Author

Robert J. Shiller

Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books.

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