Speculation, Trading, and Bubbles

Business & Finance, Finance & Investing, Commodities, Economics, Planning & Forecasting
Cover of the book Speculation, Trading, and Bubbles by José Scheinkman, Columbia University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: José Scheinkman ISBN: 9780231537636
Publisher: Columbia University Press Publication: July 8, 2014
Imprint: Columbia University Press Language: English
Author: José Scheinkman
ISBN: 9780231537636
Publisher: Columbia University Press
Publication: July 8, 2014
Imprint: Columbia University Press
Language: English

As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

As long as there have been financial markets, there have been bubbles—those moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events. In this book 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.

More books from Columbia University Press

Cover of the book Inventing English by José Scheinkman
Cover of the book A Radical Philosophy of Saint Paul by José Scheinkman
Cover of the book On Bicycles by José Scheinkman
Cover of the book European Nightmares by José Scheinkman
Cover of the book The Multivoiced Body by José Scheinkman
Cover of the book This Place, These People by José Scheinkman
Cover of the book Hunters, Herders, and Hamburgers by José Scheinkman
Cover of the book Troubling Transparency by José Scheinkman
Cover of the book Zoographies by José Scheinkman
Cover of the book The Miracle Myth by José Scheinkman
Cover of the book Parallel Lines by José Scheinkman
Cover of the book Inside the Red Box by José Scheinkman
Cover of the book Randall Jarrell and His Age by José Scheinkman
Cover of the book Calypso Jews by José Scheinkman
Cover of the book Scales of Justice by José Scheinkman
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy