Irrational exuberance

Book info: Irrational exuberance (Hardcover, 392 pages – Princeton University Press, 2015) – Princeton University Press, 2015. Language: Eng.

Condition: Good

In this updated edition of a landmark work, Robert Shiller delves into the ongoing phenomenon of investor irrationality that has persisted since the financial crisis of 2008-2009. As stock and bond prices soar alongside housing costs, Shiller's insights remain crucial for understanding the psychological factors driving market volatility. This edition not only revisits the stock and housing markets—where Shiller made his prophetic predictions—but also expands to explore the bond market, providing a comprehensive analysis of all major investment arenas. With fresh data and Shiller's Nobel Prize lecture included, readers will gain a deeper understanding of asset bubbles and the urgent need for policy reforms to mitigate their impact. Shiller emphasizes the importance of awareness for individuals involved in investments, such as retirement accounts or real estate, offering practical strategies to navigate these turbulent waters. Whether you're a student of economics or a seasoned investor, this book equips you with the knowledge to recognize the signs of irrational exuberance and take proactive measures to protect your financial future.