Coverart for item
The Resource A Crisis of Beliefs : Investor Psychology and Financial Fragility, Nicola Gennaioli and Andrei Shleifer

A Crisis of Beliefs : Investor Psychology and Financial Fragility, Nicola Gennaioli and Andrei Shleifer

Label
A Crisis of Beliefs : Investor Psychology and Financial Fragility
Title
A Crisis of Beliefs
Title remainder
Investor Psychology and Financial Fragility
Statement of responsibility
Nicola Gennaioli and Andrei Shleifer
Creator
Author
Subject
Language
eng
Summary
"How investor expectations move markets and the economyThe collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks.Nicola Gennaioli and Andrei Shleifer carefully walk readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people--and how financial and economic instability persist.A must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today's unpredictable financial waters."--
Assigning source
Provided by publisher
Cataloging source
SXP
http://library.link/vocab/creatorName
Gennaioli, Nicola,
Dewey number
330.9730931
Illustrations
charts
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Global Financial Crisis, 2008-2009
  • Stockholders
Label
A Crisis of Beliefs : Investor Psychology and Financial Fragility, Nicola Gennaioli and Andrei Shleifer
Instantiates
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • CHAPTER 5 Representativeness and Diagnostic Beliefs
  • CHAPTER 6 Diagnostic Expectations and Credit Cycles
  • CHAPTER 7 Open Problems
  • Appendix: Proofs
  • References
  • Index
  • Frontmatter
  • CONTENTS
  • ACKNOWLEDGMENTS
  • Introduction
  • CHAPTER 1 The Financial Crisis of 2008
  • CHAPTER 2 What Were They Thinking?
  • CHAPTER 3 A Neglected Risk Model of the Financial Crisis
  • CHAPTER 4 Extrapolation in Financial Markets
Dimensions
25 cm
Dimensions
unknown
Extent
252 pages
File format
unknown
Form of item
online
Isbn
9780691182506
Level of compression
unknown
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations, charts
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • on1051239441
  • (OCoLC)1051239441
  • 2417778
Label
A Crisis of Beliefs : Investor Psychology and Financial Fragility, Nicola Gennaioli and Andrei Shleifer
Publication
Copyright
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • CHAPTER 5 Representativeness and Diagnostic Beliefs
  • CHAPTER 6 Diagnostic Expectations and Credit Cycles
  • CHAPTER 7 Open Problems
  • Appendix: Proofs
  • References
  • Index
  • Frontmatter
  • CONTENTS
  • ACKNOWLEDGMENTS
  • Introduction
  • CHAPTER 1 The Financial Crisis of 2008
  • CHAPTER 2 What Were They Thinking?
  • CHAPTER 3 A Neglected Risk Model of the Financial Crisis
  • CHAPTER 4 Extrapolation in Financial Markets
Dimensions
25 cm
Dimensions
unknown
Extent
252 pages
File format
unknown
Form of item
online
Isbn
9780691182506
Level of compression
unknown
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations, charts
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
  • on1051239441
  • (OCoLC)1051239441
  • 2417778

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