LEADER 05333nam 2200697Ia 450 001 9910781293103321 005 20230725051743.0 010 $a1-283-02699-6 010 $a9786613026996 010 $a1-118-02857-0 010 $a1-118-02855-4 035 $a(CKB)2550000000031598 035 $a(EBL)675125 035 $a(OCoLC)730151642 035 $a(SSID)ssj0000467347 035 $a(PQKBManifestationID)11312671 035 $a(PQKBTitleCode)TC0000467347 035 $a(PQKBWorkID)10489177 035 $a(PQKB)11500565 035 $a(MiAaPQ)EBC675125 035 $a(Au-PeEL)EBL675125 035 $a(CaPaEBR)ebr10447803 035 $a(CaONFJC)MIL302699 035 $a(OCoLC)708240012 035 $a(EXLCZ)992550000000031598 100 $a20101022h20112011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBoombustology$b[electronic resource] $espotting financial bubbles before they burst /$fVikram Mansharamani 210 $aHoboken, New Jersey $cBloomberg Press$d2011 215 $a1 online resource (300 p.) 300 $aDescription based upon print version of record. 311 $a1-119-08686-8 311 $a0-470-87946-7 320 $aIncludes bibliographical references and index. 327 $aBoombustology: Spotting Financial Bubbles Before They Burst; Contents; Foreword; Preface: Is There a Bubble in Boom-Bust Books?; Acknowledgments; Introduction: The Study of Financial Extremes: One-Armed Analysts, Secrets, Mysteries; Secrets versus Mysteries; Different Problems Necessitate Different Approaches; Financial Booms and Busts as Mysteries; Part I: Five Lenses; Chapter 1: Microeconomic Perspectives: To Equilibrium or Not?; ""Random Walks"" and Accurate Prices: The Efficient Market Hypothesis 327 $aConstant Instability and Inefficiency: The Theory of Reflexivity Reconciling Efficiency and ReflexivityChapter 2: Macroeconomic Perspectives: The Impact of Debt and Deflation on Asset Markets and Prices; The Magnifying Power of Leverage; Collateral Rates and Debt Dynamics; Hyman Minsky's Financial Instability Hypothesis; Debt Deflation and Asset Prices; The Austrian Business Cycle Theory; Integrating the Macro Lenses; Chapter 3: The Psychology Lens: Homo economicus Meets Homo sapiens; The Study of Irrationality Is Born; Heuristics Gone Wild: How Rules of Thumb Lead Us Astray 327 $aOur Flawed Brains: Other Cognitive IssuesThe Certainty of Uncertainty; Chapter 4: Biological Frameworks: Epidemiology and Emergence Mechanisms, and Political Distortions; Can Anyone Own Anything?; Prices: To Guide or Be Guided?; Political Distortions of Property and Price; Chapter 5: Biological Frameworks: Epidemiology and Emergence; Revealing the Maturity of an Unsustainable Boom; How Micro Simplicity Drives Macro Complexity; Emergent Behavior in Human Swarms; The Blind Leading the Blind; Part II: Historical Case Studies; Chapter 6: Tulipomania: A Bubble in Seventeenth-Century Holland 327 $aThe Uniqueness of TulipsFertile Soil for Bubble Formation; The Boombustology of Tulipomania; The Multilens Look; Chapter 7: The Great Depression: From Roaring Twenties to Yawning Thirties; Castles in the Sand; From Booming Twenties to Busted Thirties; The Boombustology of the Great Depression; The Multilens Look; Chapter 8: The Japanese Boom and Bust: A Credit-Fueled Bubble Economy; Japan(ese) as Different; An Overview of the Bubble Economy; The Boombustology of the Japanese Boom and Bust; The Multilens Look; Chapter 9: The Asian Financial Crisis: The Mirage of a Miracle 327 $aBoom Times in East AsiaThailand Catches the Flu; The Boombustology of the Asian Financial Crisis; The Multilens Look; Chapter 10: The U.S. Housing Boom and Bust: The Homeowner's Society Creates the People's Panic; ""Safe as Houses""; The Music Stops; The Boombustology of the U.S. Housing Boom and Bust; The Multilens Look; Part III: Looking Ahead; Chapter 11: Spotting Bubbles before They Burst: A Method for Identifying Unsustainable Booms; Reflexivity and Self-Fulfilling Dynamics; Leverage, Financial Innovation, and Cheap Money; Overconfidence; Policy-Driven Distortions 327 $aEpidemics and Emergence 330 $aA multi-disciplinary framework through which to spot financial bubbles before they burst. Based on a popular undergraduate seminar, entitled Financial Booms & Busts, taught by the author at Yale University, Boombustology presents a multi-disciplinary framework for identifying unsustainable booms and forthcoming busts. The magnitude of our recent financial crisis mandates a firm understanding of this phenomenon before the next crisis occurs. Boombustology provides an in-depth look at several major booms and busts and offers a solid framework for thinking about future oc 606 $aBusiness cycles 606 $aFinancial crises 606 $aBusiness forecasting 615 0$aBusiness cycles. 615 0$aFinancial crises. 615 0$aBusiness forecasting. 676 $a338.5/42 686 $aBUS027000$2bisacsh 700 $aMansharamani$b Vikram$01471179 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910781293103321 996 $aBoombustology$93683367 997 $aUNINA