Kod: 09215997
Sudden crashes are common features of financial markets, worldwide. Those sudden crashes cannot be explained by current economic theories, which essentially rely on changes in fundamentals. Psychological factors are a natural alte ... więcej
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Sudden crashes are common features of financial markets, worldwide. Those sudden crashes cannot be explained by current economic theories, which essentially rely on changes in fundamentals. Psychological factors are a natural alternative explanation to those phenomena. In this book, we investigate those psychological factors and their impact on financial crises, with a strong focus on collective rationality. Concepts such as herd behavior and pack behavior are studied, together with their implications for financial stability.
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Od roku 2008 obsłużyliśmy wielu miłośników książek, ale dla nas każdy był tym wyjątkowym.
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