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Drawing on behavioral finance theory and contemporary experience, this book explores how bubbles form and subsequently burst. The author introduces a new concept of swings in market temperature defined by the extent of heterogeneity of opinion and soft irrationality, and examines the importance of these swings in the credit markets.
- Format: Inbunden
- ISBN: 9780230551329
- Språk: Engelska
- Antal sidor: 222
- Utgivningsdatum: 2008-07-01
- Förlag: Palgrave Macmillan