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Why Stock Markets Crash: Critical Events in Complex Financial Systems
Didier Sornette
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Description for Why Stock Markets Crash: Critical Events in Complex Financial Systems
Paperback. .
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. In this book, Didier Sornette boldly applies his varied 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. Sornette proposes a radically different view: ... Read more
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. In this book, Didier Sornette boldly applies his varied 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. Sornette proposes a radically different view: ... Read more
Product Details
Publisher
Princeton University Press
Format
Paperback
Publication date
2017
Series
Princeton Science Library
Condition
New
Number of Pages
448
Place of Publication
New Jersey, United States
ISBN
9780691175959
SKU
V9780691175959
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-31
About Didier Sornette
Didier Sornette is professor of entrepreneurial risks at the Swiss Federal Institute of Technology in Zurich, professor of finance at the Swiss Finance Institute in Geneva, and the director of the Financial Crisis Observatory at ETH Zurich.
Reviews for Why Stock Markets Crash: Critical Events in Complex Financial Systems
While it's difficult to pinpoint what type of trader would enjoy this book the most, I think there's something for everyone, whether you're a quaint, technical trader or a fundamentalist... I feel that I'm smarter after finishing this book; I thoroughly enjoyed the lengthy journey, and would recommend this to any stock market enthusiast.
Jeff Pierce, Seeking Alpha A ... Read more
Jeff Pierce, Seeking Alpha A ... Read more