Bubbles and Crashes
β Scribed by Dilip Abreu; Markus K. Brunnermeier
- Book ID
- 108556184
- Publisher
- John Wiley and Sons
- Year
- 2003
- Tongue
- English
- Weight
- 290 KB
- Volume
- 71
- Category
- Article
- ISSN
- 0012-9682
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper presents an exclusive classiΓΏcation of the largest crashes in Dow Jones industrial average, SP500 and NASDAQ in the past century. Crashes are objectively deΓΏned as the top-rank ΓΏltered drawdowns (loss from the last local maximum to the next local minimum disregarding noise uctuations), wh
We find that the seed of the 2002/03 crisis of the Dutch supermarket giant AHOLD was planted in 1996. We have adapted Weidlich's theory of opinion formation to describe the formation of buy or sell decisions among investors, based on a competition between the mechanisms of herding and of personal op