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.
Date of publication: 14 June 2024
Updated: 14 November 2026
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Genre: Business literature
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