Download the fantastic book titled Speculation Trading and Bubbles written by José A. Scheinkman, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Speculation Trading and Bubbles", which was released on 08 July 2014. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of Speculation Trading and Bubbles by José A. Scheinkman PDF
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.
Detail About Speculation Trading and Bubbles PDF
- Author : José A. Scheinkman
- Publisher : Columbia University Press
- Genre : Business & Economics
- Total Pages : 137 pages
- ISBN : 0231537638
- Release Date : 08 July 2014
- PDF File Size : 35,5 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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