000 05577cam a2200865Ii 4500
001 ocn975485375
003 OCoLC
005 20220712051505.0
006 m o d
007 cr cnu---unuuu
008 170314s2017 njua ob 001 0 eng d
040 _aJSTOR
_beng
_erda
_epn
_cJSTOR
_dEBLCP
_dN$T
_dOCLCF
_dOCLCQ
_dCSAIL
_dOTZ
_dIOG
_dDEGRU
_dCOCUF
_dLOA
_dEZ9
_dCUY
_dU3W
_dIGB
_dSTF
_dNJR
_dSNK
_dINTCL
_dMHW
_dBTN
_dAUW
_dCDN
_dOCLCA
_dOCLCQ
_dVTS
_dKSU
_dH9Z
_dD6H
_dOCLCQ
_dG3B
_dLVT
_dS8I
_dS8J
_dS9I
_dORU
_dOCLCQ
_dMM9
_dOCLCQ
_dIEEEE
_dOCLCO
019 _a984642986
_a992483529
020 _a9781400885091
_q(electronic bk.)
020 _a1400885094
_q(electronic bk.)
020 _z0691175950
020 _z9780691175959
024 7 _a10.1515/9781400885091
_2doi
029 1 _aAU@
_b000061961914
029 1 _aAU@
_b000066758537
029 1 _aCHBIS
_b011306117
029 1 _aGBVCP
_b1003828728
035 _a(OCoLC)975485375
_z(OCoLC)984642986
_z(OCoLC)992483529
037 _a22573/ctt1h180wd
_bJSTOR
037 _a9452687
_bIEEE
043 _an-us---
050 4 _aHB3722
_b.S67 2017eb
072 7 _aBUS
_x027000
_2bisacsh
082 0 4 _a332.63/222
_223
084 _a33.06
_2bcl
084 _a83.30
_2bcl
084 _a83.50
_2bcl
084 _a85.33
_2bcl
084 _aQK 650
_2rvk
049 _aMAIN
100 1 _aSornette, Didier,
_d1957-
_eauthor.
_91150925
245 1 0 _aWhy stock markets crash :
_bcritical events in complex financial systems /
_cDidier Sornette ; with a new preface by the author.
264 1 _aPrinceton, New Jersey :
_bPrinceton University Press,
_c2017.
300 _a1 online resource (xxvi, 421 pages) :
_billustrations
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aPrinceton science library
504 _aIncludes bibliographical references (pages 397-418) and index.
588 0 _aPrint version record.
505 0 _aFinancial crashes: what, how, why, and when? -- Fundamentals of financial markets -- Financial crashes are "outliers" -- Positive feedbacks -- Modeling financial bubbles and market crashes -- Hierarchies, complex fractal dimensions, and log-periodicity -- Autopsy of major crashes: universal exponents and log-periodicity -- Bubbles, crises, and crashes in emergent markets -- Prediction of bubbles, crashes, and antibubbles -- The end of the growth era?
520 _a"The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. This book applies the author's experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. This book proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of stock market prices, otherwise known as a 'bubbles.' The book unearths remarkable insights and some predictions--among them, that the 'end of the growth era' will occur around 2050. The book probes major historical precedents, from the decades-long 'tulip mania' in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. It concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe."--Provided by publisher.
546 _aIn English.
590 _aeBooks on EBSCOhost
_bEBSCO eBook Subscription Academic Collection - Worldwide
650 0 _aStocks
_xPrices
_xHistory.
_964164
650 0 _aFinancial crises
_zUnited States
_xHistory.
_964165
650 0 _aStock exchanges
_zUnited States
_xHistory.
_964166
650 0 _aCritical phenomena (Physics)
_964167
650 0 _aComplexity (Philosophy)
_964168
650 6 _aActions (Titres de société)
_xPrix
_xHistoire.
_91011813
650 6 _aPhénomène critique (Physique)
_9920004
650 6 _aComplexité (Philosophie)
_9889978
650 7 _aBUSINESS & ECONOMICS
_xFinance.
_2bisacsh
_951787
650 7 _aComplexity (Philosophy)
_2fast
_0(OCoLC)fst00871602
_964168
650 7 _aCritical phenomena (Physics)
_2fast
_0(OCoLC)fst00883681
_964167
650 7 _aFinancial crises.
_2fast
_0(OCoLC)fst00924607
650 7 _aStock exchanges.
_2fast
_0(OCoLC)fst01133564
650 7 _aStocks
_xPrices.
_2fast
_0(OCoLC)fst01133725
_959290
651 7 _aUnited States.
_2fast
_0(OCoLC)fst01204155
655 4 _aElectronic books.
655 7 _aHistory.
_2fast
_0(OCoLC)fst01411628
776 0 8 _iPrint version:
_aSornette, Didier, 1957-
_tWhy stock markets crash.
_dPrinceton : Princeton University Press, 2017
_z0691175950
_w(DLC) 2016961393
_w(OCoLC)980351593
830 0 _aPrinceton science library.
_9339899
856 4 0 _uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1431866
938 _aDe Gruyter
_bDEGR
_n9781400885091
938 _aProQuest Ebook Central
_bEBLB
_nEBL4825777
938 _aEBSCOhost
_bEBSC
_n1431866
994 _a92
_bINOPJ
999 _c2813526
_d2813526