000			03915cam a22005777i 4500
001			20388852
003			OSt
005			20230809022337.0
008			180307s2018 njua b 001 0 eng d
010			_a 2018937068
020			_a0691182507 _q(hardback)
020			_a9780691182506 _q(hardback)
035			_a(OCoLC)on1028524165
040			_aYDX _beng _cYDX _erda _dZQP _dLSD _dQS5 _dIUL _dMNW _dSTF _dOCLCF _dHTM _dSINLB _dRCE _dOCLCQ _dOCLCO _dWUZ _dCHVBK _dOCLCO _dDLC
042			_alccopycat
043			_an-us---
050	0	0	_aHB3717 2008 _b.G45 2018
082	0	0	_a330.973 _223
092			_20
100	1		_aGennaioli, Nicola, _eauthor.
245	1	2	_aA crisis of beliefs [electronic resource]: _binvestor psychology and financial fragility / _cNicola Gennaioli and Andrei Shleifer.
246	3	0	_aInvestor psychology and financial fragility
264		1	_aPrinceton : _bPrinceton University Press, _c[2018]
300			_a1 digital resource (x, 252 pages) : _billustrations ; _c25 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
500			_a"DR Sothy's File"
504			_aIncludes bibliographical references (pages 231-244) and index.
505	0		_aThe financial crisis of 2008 -- What were they thinking? -- A neglected risk model of the financial crisis -- Extrapolation in financial markets -- Representativeness and diagnostic beliefs -- Diagnostic expectations and credit cycles -- Open problems.
520			_a"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 readers through the unraveling of Lehman Brothers and the ensuing meltdown of the US 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 must-read for anyone seeking insights into financial markets, A Crisis of Beliefs shows how even the smartest market participants and regulators did not fully appreciate the extent of economic risk, and offers a new framework for understanding today's unpredictable financial waters."-- _cProvided by publisher.
611	2	7	_aGlobal Financial Crisis (2008-2009) _2fast _0(OCoLC)fst01755654
648		7	_a2008-2009 _2fast
650		0	_aGlobal Financial Crisis, 2008-2009 _xPsychological aspects.
650		0	_aStockholders _zUnited States _xAttitudes.
650		4	_aGlobal Financial Crisis, 2008-2009. _xPyschological aspects.
650		4	_aStockholders _zUnited States _xAttitudes.
650		7	_aPsychological aspects. _2fast _0(OCoLC)fst01354086
650		7	_aStockholders _xAttitudes. _2fast _0(OCoLC)fst01133681
650		7	_aKreditmarkt _2gnd
650		7	_aKapitalmarkt _2gnd
650		7	_aFinanzkrise _2gnd
650		7	_aMarktpsychologie _2gnd
650		7	_aVerhalten _2gnd
651		7	_aUnited States. _2fast _0(OCoLC)fst01204155
700	1		_aShleifer, Andrei, _eauthor.
906			_a7 _bcbc _ccopycat _d2 _encip _f20 _gy-gencatlg
942			_2ddc _cEM _n0
999			_c1250 _d1250