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019 ▼a 1045652482
020 ▼a 9780691184920 ▼q electronic book
020 ▼a 0691184925 ▼q electronic book
035 ▼a 1822242 ▼b (N$T)
035 ▼a (OCoLC)1044733766 ▼z (OCoLC)1045652482
040 ▼a N$T ▼b eng ▼e rda ▼e pn ▼c N$T ▼d N$T ▼d OCLCF ▼d YDX ▼d DEGRU ▼d EBLCP ▼d IDB ▼d YDXIT ▼d 247004
043 ▼a n-us---
050 4 ▼a HB74.P8 ▼b G45 2018
050 4 ▼a HB3717 2008
072 7 ▼a BUS ▼x 070000 ▼2 bisacsh
08204 ▼a 330.9730931 ▼2 23
1001 ▼a Gennaioli, Nicola, ▼e author.
24512 ▼a A Crisis of Beliefs : ▼b Investor Psychology and Financial Fragility/ ▼c Nicola Gennaioli and Andrei Shleifer.
260 ▼a Prince ton, New Jersey: ▼b Princeton University Press, ▼c [2018].
300 ▼a 1 online resource.
336 ▼a text ▼b txt ▼2 rdacontent
337 ▼a computer ▼b c ▼2 rdamedia
338 ▼a online resource ▼b cr ▼2 rdacarrier
504 ▼a Includes bibliographical references and index.
50500 ▼t Frontmatter -- ▼t CONTENTS -- ▼t ACKNOWLEDGMENTS -- ▼t Introduction -- ▼t CHAPTER 1 The Financial Crisis of 2008 -- ▼t CHAPTER 2 What Were They Thinking? -- ▼t CHAPTER 3 A Neglected Risk Model of the Financial Crisis -- ▼t CHAPTER 4 Extrapolation in Financial Markets -- ▼t CHAPTER 5 Representativeness and Diagnostic Beliefs -- ▼t CHAPTER 6 Diagnostic Expectations and Credit Cycles -- ▼t CHAPTER 7 Open Problems -- ▼t Appendix: Proofs -- ▼t References -- ▼t Index
520 ▼a "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."-- ▼c Provided by publisher.
588 ▼a Description based on online resource; title from digital title page (viewed on December 13, 2018).
590 ▼a Master record variable field(s) change: 050
61127 ▼a Global Financial Crisis (2008-2009) ▼2 fast ▼0 (OCoLC)fst01755654
648 7 ▼a 2008-2009 ▼2 fast
650 0 ▼a Global Financial Crisis, 2008-2009 ▼x Psychological aspects.
650 0 ▼a Stockholders ▼z United States ▼x Attitudes.
650 7 ▼a BUSINESS & ECONOMICS / Industries / General. ▼2 bisacsh
650 7 ▼a Psychological aspects. ▼2 fast ▼0 (OCoLC)fst01354086
650 7 ▼a Stockholders ▼x Attitudes. ▼2 fast ▼0 (OCoLC)fst01133681
651 7 ▼a United States. ▼2 fast ▼0 (OCoLC)fst01204155
655 4 ▼a Electronic books.
7001 ▼a Shleifer, Andrei, ▼e author,
85640 ▼3 EBSCOhost ▼u http://libproxy.dhu.ac.kr/_Lib_Proxy_Url/http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1822242
938 ▼a EBL - Ebook Library ▼b EBLB ▼n EBL5516026
938 ▼a De Gruyter ▼b DEGR ▼n 9780691184920
938 ▼a EBSCOhost ▼b EBSC ▼n 1822242
938 ▼a YBP Library Services ▼b YANK ▼n 15596877
990 ▼a ***1012033
994 ▼a 92 ▼b N$T