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Quote by Robert J. Shiller

“The word bubble creates a mental picture of an expanding soap bubble, which is destined to pop suddenly and irrevocably. But speculative bubbles are not so easily ended; indeed, they may deflate somewhat, as the story changes, and then reflate.”

Quote by Robert J. Shiller

Book:Irrational Exuberance
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Work

Irrational Exuberance

In this seminal work, the author examines the patterns and trends of the stock market over the past century, exploring the reasons behind both booms and busts. The book delves into the psychological underpinnings of investor behavior, the influence of economic indicators, and the role of speculation in market dynamics. It provides a critical evaluation of the factors that have historically driven market exuberance and the subsequent corrections, offering readers a nuanced understanding of the complexities of the financial markets. more

Author

Robert J. Shiller
Robert J. Shiller

Robert J. Shiller is a renowned economist known for his work in behavioral finance, asset pricing, and macroeconomic fluctuations. Born on March 29, 1946, he is a Nobel laureate in Economics. more

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