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Why Stock Markets Crash: Critical E..., Sornette, Didie

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Laatst bijgewerkt op 28 mei 2024 13:38:40 CESTAlle herzieningen bekijkenAlle herzieningen bekijken

Specificaties

Objectstaat
Heel goed: Een boek dat er niet als nieuw uitziet en is gelezen, maar zich in uitstekende staat ...
Title
Why Stock Markets Crash - Critical Events in Complex Financial...
Book Title
Why Stock Markets Crash - Critical Events in Complex Financial...
ISBN
0691118507
EAN
9780691118505
Binding
Paperback / softback
Date of Publication
20040314
Release Title
Why Stock Markets Crash - Critical Events in Complex Financial...
Artist
Sornette, Didier
Brand
N/A
Colour
N/A
Publication Year
2004
Type
Textbook
Format
Paperback
Language
English
Publication Name
Why Stock Markets Crash: Critical Events in Complex Financial Systems
Item Height
235mm
Author
Didier Sornette
Publisher
Princeton University Press
Item Width
152mm
Subject
Finance
Item Weight
624g
Number of Pages
448 Pages

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Product Information

The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. In this book, Didier Sornette boldly applies his varied experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of the market price, otherwise known as a bubble. Anchoring his sophisticated, step-by-step analysis in leading-edge physical and statistical modeling techniques, he unearths remarkable insights and some predictions--among them, that the end of the growth era will occur around 2050.Sornette probes major historical precedents, from the decades-long tulip mania in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. He concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe. Any investor or investment professional who seeks a genuine understanding of looming financial disasters should read this book. Physicists, geologists, biologists, economists, and others will welcome Why Stock Markets Crash as a highly original scientific tale, as Sornette aptly puts it, of the exciting and sometimes fearsome--but no longer quite so unfathomable--world of stock markets.

Product Identifiers

Publisher
Princeton University Press
ISBN-13
9780691118505
eBay Product ID (ePID)
89734329

Product Key Features

Author
Didier Sornette
Publication Name
Why Stock Markets Crash: Critical Events in Complex Financial Systems
Format
Paperback
Language
English
Subject
Finance
Publication Year
2004
Type
Textbook
Number of Pages
448 Pages

Dimensions

Item Height
235mm
Item Width
152mm
Item Weight
624g

Additional Product Features

Title_Author
Didier Sornette
Country/Region of Manufacture
United States

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Btw-nummer:
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  • EL 996857788
  • ES N8267548I
  • FR 27823676960
  • GB 922696893
  • IT 00185819992
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