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(Paperback)
By: Robert J. Shiller
ISBN: 9780262691512
Readership/Audience: Tertiary Education
Publication Date: Jan 1992
Publisher: MIT Press Ltd
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Proposing a theory, backed by statistical evidence, on the causes of price fluctuations in speculative markets, this text challenges the standard efficient-markets model for explaining asset prices. It emphasizes the role popular opinion or psychology can play in price volatility.
