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Emotions in finance : booms, busts and uncertainty /
"Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Cambridge ; New York :
Cambridge University Press,
2012.
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| Edición: | 2nd ed. |
| Colección: | Finance professional collection
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after crisis, this attempt to defeat uncertainty persists. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial markets, this book argues that the only way to face uncertainty is with emotions and values. It presents an original explanation of how booms and busts arise from internal disputes over trust between financial corporations. Just as the first edition warned prophetically of the dangers of excessive faith in the rationality of financial market behaviour, this new edition provides a sociological explanation of how this contributed to the recent financial crisis"-- |
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| Descripción Física: | 1 online resource |
| Bibliografía: | Includes bibliographical references and index. |
| ISBN: | 9781139424349 1139424343 9781139084567 1139084569 9786613662200 6613662208 1139422308 9781139422307 1107232325 9781107232327 1139418211 9781139418218 1280685263 9781280685262 1139420259 9781139420259 1139423274 9781139423274 |