Speculation, Trading, and Bubbles (Kenneth J. Arrow Lecture Series)
| Author | : | |
| Rating | : | 4.22 (798 Votes) |
| Asin | : | 0231159021 |
| Format Type | : | paperback |
| Number of Pages | : | 128 Pages |
| Publish Date | : | 2016-01-05 |
| Language | : | English |
DESCRIPTION:
Stiglitz contextualize Scheinkman's findings.. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubblessuch as excessive leverage, overconfidence, mania, and panic in speculative marketsand Kenneth J. Scheinkman offers new insight into the mystery of bubbles. Arrow and Joseph E. Noting some general characteristics of bubblessuch as the rise in trading volume and the coincidence between increases in supply and bubble implosionsScheinkman offers a model, based on differences in beliefs among investors, that explains these observations. In this book José A. Other top economists also offer their own thoughts on the issue: Sanford J. As long as there have been financial markets, there have been bubblesthose moments in which asset prices inflate far beyond their intrinsic value, often with ruinous results. Yet economists are slow to agree on the underlying forces behind these events
He is best known for his work on dynamic optimization, oligopoly theory, nonlinear dynamics, social interactions, and bubbles in financial markets. His areas of interest are corporate finance, banking, sovereign debt, political economy, and law and economics.. Rickert Professor of Economics at Colum
The Best Current Introduction E. Ray Canterbery The best current introduction to the subject of speculation and bubbles.E. Ray Canterbery
Scheinkman weaves through the logic of speculative bubbles, illustrating his arguments with clarity and precision yet always grounded in the institutions that form the backdrop for the financial system. Scheinkman has been at the forefront of financial economics for twenty-five years. (Edward L. This fascinating treatise is highly recommended. Scheinkman's book is a masterpiece of theory and policy analysis, a fitting tribute to Kenneth J. There is much discussion about the impact of bubbles in financial markets and the policy challenges they create. His analysis of traders' incentives to increase supplies in response to bubbles is full of implications about when to regulate derivatives and when to stand aside. Scheinkman creates a fascinating model of bubbles fueled by differences in traders' beliefs. (Thomas J. Arrow. (Lars Peter Hansen, University of Chicago, w