100,000+ Books, Games & Puzzles in-stock πŸ‡³πŸ‡Ώ

Overnight NZ-wide delivery on in-stock orders πŸš€

Market Volatility

3.76 goodreads logo

Ratings/reviews counts are updated frequently.

Check link for latest rating.
( 37 ratings, 2 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Market Volatility proposes an innovative theory, supported by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient-markets model by emphasising the significant role popular opinion and psychology play in price volatility. Shiller provides detailed analyses of the stock, bond, and real estate markets, further extending his insights to macroeconomic activity.
Read More
Format: Paperback / softback
$19400

International Supplier

This title is in-stock with overseas suppliers. While it is not available locally, we fly books in weekly from the US and UK to our Auckland warehouse for immediate dispatch.

AVAILABLE WITH SUPPLIER Ships from our Auckland warehouse within 2-3 weeks

Found a better price? Request a price match

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 students, academics, and professionals in economics, finance, and related fields, as well as anyone keen to understand market psychology and asset price behaviour beyond traditional models.

Book Hero thinking about your next read

Proposing a theory, backed by statistical evidence, on the causes of price fluctuations in speculative markets, this text challenges the standard efficient-markets model for explaining asset prices. It emphasizes the role popular opinion or psychology can play in price volatility.

Shiller's book should be read by anyone with a serious interest in the functioning of markets. -- Richard A. Grasso, President and Chief Operating Officer, New York Stock Exchange A specter haunts modern economics: 'individual stocks perform random walks in efficient markets, but the level of the whole market displays no demonstrable efficiency.' Bob Shiller is the key economist in this great debate. Buy his book and think on its contents. Learn what the October 1987 crash was all about. -- Paul Samuelson, Institute Professor, MIT

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient-markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility.

Offering detailed analyses of the stock, the bond, and the real estate markets, Shiller discusses the relations of these speculative prices and extends the analysis of speculative markets to macroeconomic activity in general.

Series: Market Volatility

View all
  • Market Volatility
    Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient-markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility. Offering detailed analyses of the stock, the bond, and the real estate markets, Shiller discusses...
    Paperback
    $19400
    Available
    Ships in 2-3 weeks

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?

"Shiller's book should be read by anyone with a serious interest in the functioning of markets," states Richard A. Grasso, former President and COO of the New York Stock Exchange. Paul Samuelson, Institute Professor at MIT, highlights it as essential reading to understand the dynamics behind market behaviour, especially events like the 1987 stock market crash.

Book Hero reading reviews

Book Details

INFORMATION

ISBN: 9780262691512

Publisher: MIT Press Ltd

Format: Paperback / softback

Date Published: 30 January 1992

Country: United States

Imprint: MIT Press

Audience: Tertiary education, Professional and scholarly

DIMENSIONS

Spine width: 24.0mm

Width: 152.0mm

Height: 229.0mm

Weight: 771g

Pages: 480

About the Author

Robert J. Shiller is Sterling Professor of Economics at Yale University. He is the author of Finance and the Good Society and other books.

Also by Robert J. Shiller

View all
  • Irrational Exuberance
    In this revised, updated, and expanded edition of his New York Times bestseller, Nobel Prize-winning economist Robert Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have only increased since the 2008-09 financial crisis. With high stock and bond prices and the rising cost of housing, the post-subprime boom may well...
    Paperback
    $4499
    In Stock
    Ships tomorrow
  • The New Financial Order
    In his best-selling Irrational Exuberance, Robert Shiller cautioned that society's obsession with the stock market was fuelling the volatility that has since made a roller coaster of the financial system. Less noted was Shiller's admonition that our infatuation with the stock market distracts us from more durable economic prospects. These lie in the hidden potential of real assets, such as...
    Paperback
    $12400
    Available
    Ships in 2-3 weeks
  • Narrative Economics
    Stories people tellβ€”about financial confidence or panic, housing booms, or Bitcoinβ€”can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our perilβ€”and how we can begin to take them seriously. Using a rich...
    Paperback
    $6699
    Available
    Ships in 2-3 weeks
  • The Subprime Solution
    The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive responseβ€”a restructuring of the...
    Paperback
    $3200
    Elsewhere:
    $3499
    Available
    Ships in 4-6 weeks
  • Animal Spirits
    The global financial crisis has made it painfully clear that powerful psychological forces are imperilling the wealth of nations today. From blind faith in ever-rising housing prices to plummeting confidence in capital markets, animal spirits are driving financial events worldwide. In this book, acclaimed economists George Akerlof and Robert Shiller challenge the economic wisdom that got us into this mess,...
    Paperback
    $5400
    Available
    Ships in 2-3 weeks
  • Narrative Economics
    One of the Financial Times' Best Books of 2019: Economics Winner of the PROSE Award in Economics, Association of American Publishers An Economist Book of the Year From Nobel Prize-winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic eventsβ€”and why financial panics can spread like epidemic viruses. In a world...
    Hardback
    $7499
    Available
    Ships in 4-6 weeks

More from Education & Reference

View all
  • Revenge of the Tipping Point
    Twenty-five years after the publication of his groundbreaking first book, Malcolm Gladwell returns with a brand new volume that reframes the lessons of The Tipping Point in a startling and revealing light. What does the heartbreaking fate of the cheetah tell us about the way we raise our children? Why do elite universities care so much about sports? What is...
    Paperback
    $2999
    Elsewhere:
    $3999
    (1)
    Available
    Ships in 4-6 weeks
  • The Body Keeps the Score
    The Body Keeps the Score by Dr Bessel van der Kolk is a compelling and compassionate exploration of the deep-seated impact of trauma on the human body and mind. This groundbreaking work delves into the complex causes of trauma and paints a vivid picture of the revolutionary treatments that are enabling countless individuals to reclaim their lives filled with purpose...
    Paperback
    $2400
    Elsewhere:
    $3000
    In Stock
    Ships tomorrow
  • New Release
    The Age Code
    What if the food you eat could rewind your biological clock? 'Clear and compelling' β€” Chris van Tulleken 'Really interesting and insightful' β€” Joe Wicks 'Fascinating' β€” Tim Spector From the rising incidence of cancer in the under-50s to increased infertility rates, there are signs everywhere that growing numbers of us are ageing too quickly. Why? Many believe there’s one...
    Paperback
    $2999
    Elsewhere:
    $3799
    In Stock
    Ships tomorrow
  • Signed Copy
    New Release
    "What Were You Thinking!?"
    Everything parents need to know about their baby, child or teen's developing brain to raise resilient, emotional intelligent kids, by globally renowned neuroscience educator Nathan Wallis. 'What were you thinking!?'If you've ever asked this in despair while watching a toddler melt down, a tween push boundaries or a teenager make a truly terrible decision, this book is for you.InΒ "What Were...
    Paperback
    $3299
    Elsewhere:
    $3999
    In Stock
    Ships tomorrow
  • New Release
    One Last Question, Prime Minister
    From Muldoon to Luxon, untold stories from the House of Parliament Barry Soper has spent close to five decades questioning New Zealand's prime ministers.From the imposing, larger-than-life characters of Rob Muldoon and David Lange, to the golden age of Helen Clark and John Key, and the post-Covid era of Jacinda Ardern and the 'Chrises', Soper's insight and nose for a...
    Paperback
    $3199
    Elsewhere:
    $3999
    (6)
    In Stock
    Ships tomorrow
  • New Release
    Regime Change
    From the two reporters who have covered him more closely than perhaps anyone else over the past decade comes this definitive portrait of Donald Trump in the White House and the first year of his second presidency. Based on hundreds of interviews and unprecedented reporting from deep within the administration’s most closely guarded rooms, Regime Change takes the reader into...
    Paperback
    $3299
    Elsewhere:
    $4299
    In Stock
    Ships tomorrow
  • New Release
    2027 Witch's Diary - Southern Hemisphere
    From the bestselling authors of Spellcasting, which has now sold over 250,000 copies worldwide, comes the essential witchy journal to plan your days, harness magick, and connect with higher powers. Features include: 8" x 6" (8" x 12" open) Beautiful glossy gold gatefold cover Compact size, perfect to carry in your bag and keep on you throughout the day 12-month...
    Paperback
    $1999
    Elsewhere:
    $2299
    In Stock
    Ships tomorrow
  • Signed Copy
    Go Hard or Go Home
    From the front bench to rock bottom:Β Go Hard or Go HomeΒ is Kiri Allan's fearless memoir of ambition, disruption and survival in NZ politics and beyond. Kiri Allan's six-year political career spanned some of the most challenging times in recent history. Events a government might encounter once in a generation stacked up: a terrorist attack, a volcanic eruption, destructive and deadly...
    Paperback
    $3199
    Elsewhere:
    $4000
    Pre-order
    Out 4 Aug 2026
  • Roadmap to Property Success
    Ready to ditch the 9-to-5 and build lasting wealth through property? In Roadmap to Property Success, seasoned investor and coach Steve Goodey shares the exact strategies that helped him – and thousands of Kiwis – build sustainable property portfolios from scratch. With real-life lessons, hard-won wisdom, and zero sugar-coating, this is your no-BS guide to property investing in New Zealand....
    Paperback
    $3199
    Elsewhere:
    $3999
    In Stock
    Ships tomorrow
  • New Release
    Suicidal Empathy
    The bestselling author of The Parasitic Mind shows why empathy in politics leads to civilizational collapse. What happens when a society elevates victimhood to a virtue and decides that punishment is cruel? You get the disease Dr. Gad Saad calls suicidal empathy. And the West may be terminally infected. In his new book, Suicidal Empathy, Saad unleashes a blistering critique...
    Paperback
    $3099
    Elsewhere:
    $3799
    In Stock
    Ships tomorrow
  • Man's Search For Meaning
    Man's Search for Meaning by Viktor E. Frankl is a profound, thought-provoking memoir and psychological exploration that delves into the harrowing experiences of life in Nazi concentration camps, intertwined with the author’s groundbreaking theories on existential psychology. The book is a testament to the resilience of the human spirit, offering a beacon of hope and a roadmap for finding purpose...
    Paperback
    $1800
    Elsewhere:
    $2100
    (1)
    In Stock
    Ships tomorrow
  • How Will I Ever Get Through This?
    'Dr Lucy's unpacking of the grief that comes with living losses was a lightbulb moment for me.' Ellidy Pullin 'The best work I know on positive psychology and grief is Lucy Hone's.' Martin Seligman 'Lucy's insights are practical, wise, and deeply human - they stay with you long after you read them.' Chelsea Pottenger From bestselling author and TED speaker...
    Paperback
    $3299
    Elsewhere:
    $3799
    In Stock
    Ships tomorrow

Why buy from us?

Book Hero is not a chain store or big box retailer. We're an independent 100% NZ-owned business on a mission to help more Kiwis rediscover a love of books and reading!

Service & Delivery

Service & Delivery

Our warehouse in Auckland holds over 100,000 books, toys, board games and puzzles in-stock so you're not waiting for your order to arrive from overseas.

Auckland Bookstore

Auckland Bookstore

We're primarily an online store, but for your convenience you can pick up your order for free from our bookstore, which is right next door to our warehouse in Hobsonville.

Our Gifting Service

Our Gifting Service

Books make wonderful thoughtful gifts and we're here to help with gift-wrapping and cards. We can even send your gift directly to your loved one.