Binding: Paperback
Dewey Decimal Number: 332.642
EAN: 9780262691512
ISBN: 0262691515
Label: The MIT Press
Manufacturer: The MIT Press
Number Of Items: 1
Number Of Pages: 478
Publication Date: January 30, 1992
Publisher: The MIT Press
Sales Rank: 126728
Studio: The MIT Press

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Editorial Review:

Product Description:
Market Volatility proposes an innovative theory, backed by substantial statistical evidence, on the causes of price fluctuations in speculative markets. It challenges the standard efficient-markets model for explaining asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility.

Offering detailed analyses of the stock, the bond, and the real estate markets, Shiller discusses the relations of these speculative prices and extends the analysis of speculative markets to macroeconomic activity in general.

Robert J. Shiller is Stanley B. Resor Professor of Economics at the Cowles Foundation, Yale University.




Rating: - Good but technical
There are some long reviews on the book by professionals that I can't match in content. However for readers interested in this book because of previous reading of 'irrational exuberance' or even 'the new financial order', be warned! It is a pretty technical book with lot's of statistics. Without basic knowledge of all the R's and covariances a lot of the true value gets lost. Still Robert Shiller is a clear thinker and even without a good grasp of teh statistics it still contains interesting observations.

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Rating: - An Academic with a brain!
Shiller does to the Effecient Market Theory what Columbus did to the flat earth theory. This is one of the finest books on markets I have read, and I have read hundreds.

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Rating: - Nice one but.......
It is a nice book.But for me,I love Shleifer's "Inefficient market" more.This book focus on the Divident-to-price ratio and use it for the analysis of the market volatility.The writer does give us some insight about the market.But I doubt if it could stand for a long... since the market is changing all the time.

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Rating: - The best book on volatility ever written!
I am a futures trader/ stock investor/ produce distributor. My constant involvement in markets of one kind or another led me to develop a deep desire to understand volatility. Unfortunately the only books I could find dealt with option volatility. "Market Volatility" has been THE best book dealing with market mechanics that I have ever read. I recommend the book as a "must have" to my friends in the industry.

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