Irrational Exuberance
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Summary
The book «Irrational Exuberance» by Robert Shiller explores the psychological and behavioral factors that influence financial markets. The author analyzes how irrational beliefs and emotions, such as excessive optimism and fear, can lead to market bubbles and crashes. Shiller examines historical examples and uses data from various fields to demonstrate how human psychology can distort economic decisions and lead to market instability. The book offers a deep understanding of how behavioral economics can explain many anomalies in the financial world.
Date of publication: 14 June 2024
———Irrational Exuberance
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Genre: Business literature