자료유형 | E-Book |
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개인저자 | Gennaioli, Nicola, author. Shleifer, Andrei, author. |
서명/저자사항 | A Crisis of Beliefs :Investor Psychology and Financial Fragility /Nicola Gennaioli and Andrei Shleifer. |
발행사항 | Prince ton, New Jersey : Princeton University Press, [2018] |
형태사항 | 1 online resource. |
소장본 주기 | Master record variable field(s) change: 050 |
ISBN | 9780691184920 0691184925 |
서지주기 | Includes bibliographical references and index. |
내용주기 | Frontmatter --CONTENTS --ACKNOWLEDGMENTS --Introduction --CHAPTER 1 The Financial Crisis of 2008 --CHAPTER 2 What Were They Thinking? --CHAPTER 3 A Neglected Risk Model of the Financial Crisis --CHAPTER 4 Extrapolation in Financial Markets --CHAPTER 5 Representativeness and Diagnostic Beliefs --CHAPTER 6 Diagnostic Expectations and Credit Cycles --CHAPTER 7 Open Problems --Appendix: Proofs --References --Index |
요약 | "How investor expectations move markets and the economyThe collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks.Nicola Gennaioli and Andrei Shleifer carefully walk readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people--and how financial and economic instability persist.A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today's unpredictable financial waters."-- |
주제명(회의명) | Global Financial Crisis (2008-2009)fast |
일반주제명 | Global Financial Crisis, 2008-2009 -- Psychological aspects. Stockholders -- United States -- Attitudes. BUSINESS & ECONOMICS / Industries / General. Psychological aspects. Stockholders -- Attitudes. |
주제명(지명) | United States. -- fast |
언어 | 영어 |
대출바로가기 | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1822242 |
인쇄
No. | 등록번호 | 청구기호 | 소장처 | 도서상태 | 반납예정일 | 예약 | 서비스 | 매체정보 |
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1 | WE00013261 | 330.9730931 | 가야대학교/전자책서버(컴퓨터서버)/ | 대출가능 |