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Crisis of Beliefs

Nicola Gennaioli | Andrei Shleifer
€19.99
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A01=Andrei Shleifer
A01=Nicola Gennaioli
Adaptive expectations
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Age Group_Uncategorized
Ambiguity
Ambiguity aversion
Asset
Author_Andrei Shleifer
Author_Nicola Gennaioli
automatic-update
Bankruptcy
Cash flow
Category1=Non-Fiction
Category=KC
Cognitive bias
Collateralized debt obligation
COP=United States
Credit cycle
Credit spread (options)
Debt
Debt overhang
Default Rate
Deflation
Delivery_Delivery within 10-20 working days
Distressed securities
Downside risk
Economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Expected loss
Externality
Extrapolation
Extreme risk
Finance
Financial crisis
Financial fragility
Fire Sale
Forecast error
Forecasting
Fraud
Income Risk
Inefficiency
Inflation
Insolvency
Investment
Investor
Language_English
Liquidity constraint
Liquidity crisis
Loose Credit
Lucas critique
Market liquidity
Market participant
Misrepresentation
Moral hazard
Negative equity
Negative relationship
Noise trader
Overreaction
PA=Available
Policy
Price_€10 to €20
Probability
Probability of default
PS=Active
Rational expectations
Rational inattention
Real estate appraisal
Recession
Reprice
Revaluation of fixed assets
Risk
Risk aversion
Risk management
Risk premium
Securitization
Shortage
Shortfall
softlaunch
Solvency
Stochastic volatility
Supply shock
Tail risk
Tranche
Unemployment
Upside risk
Vulnerability

Product details

  • ISBN 9780691202235
  • Dimensions: 133 x 203mm
  • Publication Date: 10 Mar 2020
  • Publisher: Princeton University Press
  • Publication City/Country: US
  • Product Form: Paperback
  • Language: English
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Description

How beliefs shape financial markets and expose the economy to major risks

The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Nicola Gennaioli and Andrei Shleifer walk readers through the unraveling of Lehman and the ensuing meltdown of the US financial system, and 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 is a must-read for anyone seeking to navigate today's unpredictable financial waters.
About Andrei Shleifer | Nicola Gennaioli
Nicola Gennaioli is professor of finance at Bocconi University in Italy. Andrei Shleifer is professor of economics at Harvard University. His books include Inefficient Markets: An Introduction to Behavioral Finance.

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