A Crisis of Beliefs

Name: A Crisis of Beliefs
Brand: Hachette Aotearoa New Zealand
SKU: 9780691202235
Price: 59.99 NZD
Availability: InStock

Investor Psychology and Financial Fragility

By Nicola Gennaioli and Andrei Shleifer

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( 78 ratings, 12 reviews)

Summary

A Crisis of Beliefs explores how the beliefs of home buyers, investors, and regulators shaped the 2008 financial collapse. Nicola Gennaioli and Andrei Shleifer guide readers through the unraveling of Lehman Brothers and the ensuing US financial meltdown, using behavioural economics and psychology to explain the unexpected shock and ongoing instability in financial markets.
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Format: Paperback / softback

$59⁹⁹

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A Crisis of Beliefs

$59⁹⁹

Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

Ideal for readers interested in finance, economics, behavioural economics, and understanding the intricacies of market crises and financial instability.

How beliefs shape financial markets and expose the economy to major risksThe collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Nicola Gennaioli and Andrei Shleifer walk readers through the unraveling of Lehman and the ensuing meltdown of the US financial system, and present new evidence to illustrate the d

Description

How beliefs shape financial markets and expose the economy to major risks.

The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Nicola Gennaioli and Andrei Shleifer walk readers through the unraveling of Lehman and the ensuing meltdown of the US financial system, and present new evidence to illustrate the destabilising role played by the beliefs of home buyers, investors, and regulators.

Using the latest research in psychology and behavioural 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 Crisis of Beliefs is a must-read for anyone seeking to navigate today's unpredictable financial waters.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

One of Bloomberg's Best Books of 2018 (Cass Sunstein) and one of Barron's Book Picks from Industry Leaders in 2018 (Robert Shiller), this book offers insightful analysis praised by leading economists and finance experts.

Book Details

INFORMATION

ISBN: 9780691202235

Publisher: Princeton University Press

Format: Paperback / softback

Date Published: 10 March 2020

Country: United States

Imprint: Princeton University Press

Illustration: 20 b/w illus.

Audience: General / adult, Tertiary education, Professional and scholarly

DIMENSIONS

Width: 133.0mm

Height: 203.0mm

Weight: 250g

Pages: 264

Collections

Andrei Shleifer Education & Reference Finance & Investment Nicola Gennaioli Non-Fiction

About the Author

Nicola Gennaioli is professor of finance at Bocconi University in Italy. Andrei Shleifer is professor of economics at Harvard University. His books include Inefficient Markets: An Introduction to Behavioral Finance.