Irrational Optimism: How Impulsive Behavior Drives Markets

On the theory of the emergence and foolishness of speculative bubbles, namely, that we, as rational people, very often do actions, which are based on the irrational beginning. How to deal with him? Can a small group of people withstand it or for this, entire institutions should be created? A detailed analysis of the last grandiose boat in the stock market, based on numerous published research and historical facts.

Features
A new look at the consequences of the recent largest global financial crisis and the dynamics of its development.
Professional advice in developing a strategy for combating future crises.
Human self -confidence and faith in the stability of stock markets lead to their collapse: what can be done about this?
The troubles of excessive investment are causes and investigation.
Analysis of the development of the global economy under the influence of instability of speculative markets.
The future in the person of ruthless capitalism: how to overcome the fear of bankruptcy and impoverishment?
Psychological factors underlying market behavior.
For whom

It will be interesting to everyone who intends to buy or sell real estate, who is actively invited to invest in various banks, funds, PEIFs, etc.

About the author

Robert Schiller-an American scientist-economist, author of popular books on economics. Currently, - professor of economics named after Arthur M. Ouken Yale University and a researcher at the Yale International Finance Center for the Yale School of Management. Since1980 - Researcher at the National Bureau of Economic Research. He founded and is the main economist in the company Macromarkets LLC. It is known for his research in the field of economic theory of finance and especially in behavioral finance. The author of more than 200 scientific works and 5 books