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Speculation, Trading, and Bubbles

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Title: Speculation, Trading, and Bubbles
Description: As long as there have been financial markets, there have been bubbles—those 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. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions—Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles—such as excessive leverage, overconfidence, mania, and panic in speculative markets—and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.
Authors: José A. Scheinkman, Kenneth J. Arrow, Patrick Bolton, Joseph E. Stiglitz, Sanford J. Grossman
Resource Type: eBook.
Subjects: Capital market--History, Investments--History, Speculation--History, Stocks--Prices--History, Business cycles--Econometric models
Categories: BUSINESS & ECONOMICS / Investments & Securities / Commodities / General, BUSINESS & ECONOMICS / Econometrics, BUSINESS & ECONOMICS / Economic Conditions, BUSINESS & ECONOMICS / Forecasting
Database: eBook Collection (EBSCOhost)
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  Availability: 0
Header DbId: nlebk
DbLabel: eBook Collection (EBSCOhost)
An: 800786
RelevancyScore: 1057
AccessLevel: 6
PubType: eBook
PubTypeId: ebook
PreciseRelevancyScore: 1057.36352539063
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Items – Name: Title
  Label: Title
  Group: Ti
  Data: Speculation, Trading, and Bubbles
– Name: Abstract
  Label: Description
  Group: Ab
  Data: As long as there have been financial markets, there have been bubbles—those 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. In this book José A. Scheinkman offers new insight into the mystery of bubbles. Noting some general characteristics of bubbles—such as the rise in trading volume and the coincidence between increases in supply and bubble implosions—Scheinkman offers a model, based on differences in beliefs among investors, that explains these observations. Other top economists also offer their own thoughts on the issue: Sanford J. Grossman and Patrick Bolton expand on Scheinkman's discussion by looking at factors that contribute to bubbles—such as excessive leverage, overconfidence, mania, and panic in speculative markets—and Kenneth J. Arrow and Joseph E. Stiglitz contextualize Scheinkman's findings.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22José+A%2E+Scheinkman%22">José A. Scheinkman</searchLink><br /><searchLink fieldCode="AR" term="%22Kenneth+J%2E+Arrow%22">Kenneth J. Arrow</searchLink><br /><searchLink fieldCode="AR" term="%22Patrick+Bolton%22">Patrick Bolton</searchLink><br /><searchLink fieldCode="AR" term="%22Joseph+E%2E+Stiglitz%22">Joseph E. Stiglitz</searchLink><br /><searchLink fieldCode="AR" term="%22Sanford+J%2E+Grossman%22">Sanford J. Grossman</searchLink>
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  Data: eBook.
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  Data: <searchLink fieldCode="DE" term="%22Capital+market--History%22">Capital market--History</searchLink><br /><searchLink fieldCode="DE" term="%22Investments--History%22">Investments--History</searchLink><br /><searchLink fieldCode="DE" term="%22Speculation--History%22">Speculation--History</searchLink><br /><searchLink fieldCode="DE" term="%22Stocks--Prices--History%22">Stocks--Prices--History</searchLink><br /><searchLink fieldCode="DE" term="%22Business+cycles--Econometric+models%22">Business cycles--Econometric models</searchLink>
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  Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Investments+%26+Securities+%2F+Commodities+%2F+General%22">BUSINESS & ECONOMICS / Investments & Securities / Commodities / General</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Econometrics%22">BUSINESS & ECONOMICS / Econometrics</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Economic+Conditions%22">BUSINESS & ECONOMICS / Economic Conditions</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Forecasting%22">BUSINESS & ECONOMICS / Forecasting</searchLink>
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=800786
RecordInfo BibRecord:
  BibEntity:
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      – Code: 332.645
        Scheme: ddc
        Type: prePub
    Languages:
      – Code: eng
        Text: English
    Subjects:
      – SubjectFull: Capital market--History
        Type: general
      – SubjectFull: Investments--History
        Type: general
      – SubjectFull: Speculation--History
        Type: general
      – SubjectFull: Stocks--Prices--History
        Type: general
      – SubjectFull: Business cycles--Econometric models
        Type: general
    Titles:
      – TitleFull: Speculation, Trading, and Bubbles
        Type: main
  BibRelationships:
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      – PersonEntity:
          Name:
            NameFull: José A. Scheinkman
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            NameFull: Kenneth J. Arrow
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            NameFull: Patrick Bolton
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            NameFull: Joseph E. Stiglitz
      – PersonEntity:
          Name:
            NameFull: Sanford J. Grossman
      – PersonEntity:
          Name:
            NameFull: José A. Scheinkman
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            NameFull: Kenneth J. Arrow
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            NameFull: Patrick Bolton
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            NameFull: Joseph E. Stiglitz
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            NameFull: Sanford J. Grossman
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          Dates:
            – D: 01
              M: 01
              Type: published
              Y: 2014
            – D: 05
              M: 07
              Type: profile
              Y: 2014
          Identifiers:
            – Type: isbn-print
              Value: 9780231159029
            – Type: isbn-electronic
              Value: 9780231537636
          Titles:
            – TitleFull: Speculation, Trading, and Bubbles
              Type: main
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