To save 30%, add the book to your shopping cart, and enter code SPESCH in the "Coupon Code" field at check out.* The e-book of Speculation, Trading, and Bubbles is available wherever e-books are sold! "Scheinkman's book is a masterpiece of theory and policy analysis." - Thomas J. Sargent, winner of the Nobel Prize for Economics " This fascinating treatise is highly recommended. Readers will come away with a richer understanding of how some intriguing behavior in financial markets can be modeled in insightful ways." - Lars Peter Hansen, University of Chicago, winner of the Nobel Prize for Economics José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles -- such as the rise in trading volume and the coincidence between increases in supply and bubble implosions -- Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles-such as excessive leverage, overconfidence, mania, and panic in speculative markets-and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings. $19.95 $13.97Use discount code SPESCH at check-out Cloth | 128 pages | £13.97
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