Tantor Audio
A Crisis of Beliefs: Investor Psychology and Financial Fragility
0
Rate this book
Key Metrics
- Nicola Gennaioli
- Tantor Audio
- Audio
- 9798200360338
- -
- -
- Business & Economics > Economic History
- English
$0
List Price:
$0
Save:
$0 ($%)
Format:
Audio
Shipping
$4
Ships from:
-
Estimated Arrival:
-
Available Copies:
0 Copies
Ready To Buy:
Back Order
Secure TransactionSold By:
Readara.com
Add to My Wishlist
Book Description
How investor expectations move markets and the economy The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Although the government rushed to rescue other financial institutions from a similar fate after Lehman, it could not prevent the deepest recession in postwar history. A Crisis of Beliefs makes us rethink the financial crisis and the nature of economic risk. In this authoritative and comprehensive book, two of today's most insightful economists reveal how our beliefs shape financial markets, lead to expansions of credit and leverage, and expose the economy to major risks. Nicola Gennaioli and Andrei Shleifer carefully walk listeners through the unraveling of Lehman Brothers and the ensuing meltdown of the U.S. financial system, and then present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people--and how financial and economic instability persist.
A Crisis of Beliefs: Investor Psychology and Financial Fragility
Author Bio
Nicola Gennaioli is professor of finance at Bocconi University in Italy and his research interests cover economic analysis, behavior finance and investor psychology.
- Some of the recently published papers by Prof Gennaioli include
- Identity, Beliefs, and Political Conflict (with G. Bonomi and G. Tabellini) The Quarterly Journal of Economics, forthcoming
- Trust and Insurance Contracts (with F. Lopez de Silanes, R. La Porta, and A. Shleifer) The Review of Financial Studies, forthcoming
- Memory and Representativeness (with P. Bordalo, C. Coffman, F. Schwerter, and A. Shleifer) Psychological Review, forthcoming
- Over-Reaction in Macroeconomic Expectations (with P.Bordalo, Y. Ma, and A. Shleifer) American Economic Review, 2020, 110, 2748-2782
- Memory, Attention and Choice (with P. Bordalo and Andrei Shleifer) The Quarterly Journal of Economics, 2020, 135, 1399–1442
- Diagnostic Bubbles (with P. Bordalo, Andrei Shleifer, and Spencer Yongwook Kwon) Journal of Financial Economics, forthcoming
- Memory and Reference Prices: An Application to Rental Choice (with P. Bordalo, R. La Porta, and A.Shleifer) American Economic Review, P&P, 2019
Source: University Bocconi
Videos
No Videos
Community reviews
Write a ReviewNo Community reviews