This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment subjects were given the opp... Lees meer.

Despite the thousands of articles and the millions of times that the word bubble has been used in the business press there still does not appear to be a cohesive theory or persuasive empirical approach with which to study bubble and crash conditions. This book p... Lees meer.

Most of us would accept that recent large economic fluctuations have been caused by crashes of speculative bubbles in asset markets. For example few would disagree that the most important cause of the global financial crisis in 2008 was the collapse of an unprecedented... Lees meer.

The idea has recently emerged from the physics literature that it might be possible to develop a mathematical theory of financial crashes. This book deals with practical statistical aspects of the theory. A probabilistic model for bubbles is developed and applied to the... Lees meer.

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During the 1980s and 1990s theoretical research in financial economics significantly advanced our understanding of the informational aspects of price processes. This book provides a detailed and up-to-date survey of this important body of literature. Asset prices ar... Lees meer.

Economists broadly define financial asset price bubbles as episodes in which prices rise with notable rapidity and depart from historically established asset valuation multiples and relationships. Economists broadly define financial asset price bubbles as episodes i... Lees meer.

Hedge fund managers who survived and profited through the 2008 financial crisis share their secrets In light of the colossal losses and amidst the resulting confusion that still lingers it is time to rethink money management in the broadest of terms. Drastic changes... Lees meer.

American capitalism is in dire straits caught in a perilous pattern of increasing volatility decreasing investor returns and ongoing bad behavior by executives. And it s getting worse. Since the turn of the twenty-first century we ve seen two massive value-destroyin... Lees meer.

With incomparable wisdom writing and analytical skills and wit world renowned economist E. Ray Canterbery traces the history of the major speculative episodes in the world economy over the last three centuries. He begins with Tulipmania and ends with bitcoin speculat... Lees meer.

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At regular intervals since the early modern age the get rich quick syndrome has swept millions of credulous souls to the very extremes of ambition and greed in their desire to amass wealth. The symptoms of such behaviour have often appeared during the build-up to a mar... Lees meer.