Irrational Exuberance

Interesting Facts

• The book explores how psychological factors and mass behavior influence financial markets.
• The author introduces the term «irrational exuberance» to describe overly positive investor expectations that can lead to financial bubbles.
• Shiller uses historical examples, such as the Great Depression and the dot-com bubble, to illustrate his points.
• The book emphasizes the importance of behavioral economics in understanding market anomalies and crises.
• The author suggests measures to improve financial stability, including stricter regulations and enhanced financial education.