A Crisis of Beliefs: Investor Psychology and Financial Fragility (Paperback)

A Crisis of Beliefs: Investor Psychology and Financial Fragility By Nicola Gennaioli, Andrei Shleifer Cover Image

A Crisis of Beliefs: Investor Psychology and Financial Fragility (Paperback)

$18.95


At Distributor - We Can Usually Get It in 3-8 Days!

How beliefs shape financial markets and expose the economy to major risks

The collapse of Lehman Brothers in September 2008 caught markets and regulators by surprise. Nicola Gennaioli and Andrei Shleifer walk readers through the unraveling of Lehman and the ensuing meltdown of the US financial system, and present new evidence to illustrate the destabilizing role played by the beliefs of home buyers, investors, and regulators. Using the latest research in psychology and behavioral economics, they present a new theory of belief formation that explains why the financial crisis came as such a shock to so many people--and how financial and economic instability persist. A Crisis of Beliefs is a must-read for anyone seeking to navigate today's unpredictable financial waters.
Nicola Gennaioli is professor of finance at Bocconi University in Italy. Andrei Shleifer is professor of economics at Harvard University. His books include Inefficient Markets: An Introduction to Behavioral Finance.

Product Details ISBN: 9780691202235
ISBN-10: 0691202230
Publisher: Princeton University Press
Publication Date: March 10th, 2020
Pages: 264
Language: English