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Why Stock Markets Crash : Critical Events in Complex Financial Systems /

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 mater...

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Detalles Bibliográficos
Autor principal: Sornette, Didier, 1957-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Princeton, N.J. : Princeton University Press, 2003.
Colección:Book collections on Project MUSE.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Why Stock Markets Crash :   |b Critical Events in Complex Financial Systems /   |c Didier Sornette. 
264 1 |a Princeton, N.J. :  |b Princeton University Press,  |c 2003. 
264 3 |a Baltimore, Md. :  |b Project MUSE,   |c 2015 
264 4 |c ©2003. 
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505 0 0 |g Ch. 1.  |t Financial Crashes: What, How, Why, and When?  |t What Are Crashes, and Why Do We Care?  |t The Crash of October 1987.  |t Historical Crashes.  |t Extreme Events in Complex Systems.  |t Is Prediction Possible? A Working Hypothesis --  |g Ch. 2.  |t Fundamentals of Financial Markets.  |t The Basics.  |t The Efficient Market Hypothesis and the Random Walk.  |t Risk-Return Trade-Off --  |g Ch. 3.  |t Financial Crashes are "Outliers"  |t What Are "Abnormal" Returns?  |t Drawdowns (Runs).  |t Drawdown Distributions of Stock Market Indices.  |t The Presence of Outliers Is a General Phenomenon.  |t Symmetry-Breaking on Crash and Rally Days.  |t Implications for Safety Regulations of Stock Markets --  |g Ch. 4.  |t Positive Feedbacks.  |t Feedbacks and Self-Organization in Economics. 
520 |a 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. 
588 |a Description based on print version record. 
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