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Author: Peter M. Garber
Publisher: MIT Press
ISBN: 9780262571531
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
Author: Peter M. Garber
Publisher: MIT Press
ISBN: 9780262571531
Category : Business & Economics
Languages : en
Pages : 180
Get Book Here
Book Description
The jargon of economics and finance contains numerous colorful terms for market-asset prices at odds with any reasonable economic explanation. Examples include "bubble," "tulipmania," "chain letter," "Ponzi scheme," "panic," "crash," "herding," and "irrational exuberance." Although such a term suggests that an event is inexplicably crowd-driven, what it really means, claims Peter Garber, is that we have grasped a near-empty explanation rather than expend the effort to understand the event. In this book Garber offers market-fundamental explanations for the three most famous bubbles: the Dutch Tulipmania (1634-1637), the Mississippi Bubble (1719-1720), and the closely connected South Sea Bubble (1720). He focuses most closely on the Tulipmania because it is the event that most modern observers view as clearly crazy. Comparing the pattern of price declines for initially rare eighteenth-century bulbs to that of seventeenth-century bulbs, he concludes that the extremely high prices for rare bulbs and their rapid decline reflects normal pricing behavior. In the cases of the Mississippi and South Sea Bubbles, he describes the asset markets and financial manipulations involved in these episodes and casts them as market fundamentals.
Author: Malcolm S. Knowles
Publisher: Routledge
ISBN: 1000072894
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
How do you tailor education to the learning needs of adults? Do they learn differently from children? How does their life experience inform their learning processes? These were the questions at the heart of Malcolm Knowles’ pioneering theory of andragogy which transformed education theory in the 1970s. The resulting principles of a self-directed, experiential, problem-centred approach to learning have been hugely influential and are still the basis of the learning practices we use today. Understanding these principles is the cornerstone of increasing motivation and enabling adult learners to achieve. The 9th edition of The Adult Learner has been revised to include: Updates to the book to reflect the very latest advancements in the field. The addition of two new chapters on diversity and inclusion in adult learning, and andragogy and the online adult learner. An updated supporting website. This website for the 9th edition of The Adult Learner will provide basic instructor aids including a PowerPoint presentation for each chapter. Revisions throughout to make it more readable and relevant to your practices. If you are a researcher, practitioner, or student in education, an adult learning practitioner, training manager, or involved in human resource development, this is the definitive book in adult learning you should not be without.
Author:
Publisher:
ISBN:
Category : Antique and classic cars
Languages : en
Pages : 768
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Book Description
Author: Herman Theodor Holm
Publisher:
ISBN:
Category :
Languages : en
Pages : 824
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Book Description
Author: Jeremy J. Siegel
Publisher: McGraw Hill Professional
ISBN: 0071643923
Category : Business & Economics
Languages : en
Pages : 407
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Book Description
Stocks for the Long Run set a precedent as the most complete and irrefutable case for stock market investment ever written. Now, this bible for long-term investing continues its tradition with a fourth edition featuring updated, revised, and new material that will keep you competitive in the global market and up-to-date on the latest index instruments. Wharton School professor Jeremy Siegel provides a potent mix of new evidence, research, and analysis supporting his key strategies for amassing a solid portfolio with enhanced returns and reduced risk. In a seamless narrative that incorporates the historical record of the markets with the realities of today's investing environment, the fourth edition features: A new chapter on globalization that documents how the emerging world will soon overtake the developed world and how it impacts the global economy An extended chapter on indexing that includes fundamentally weighted indexes, which have historically offered better returns and lower volatility than their capitalization-weighted counterparts Insightful analysis on what moves the market and how little we know about the sources of big market changes A sobering look at behavioral finance and the psychological factors that can lead investors to make irrational investment decisions A major highlight of this new edition of Stocks for the Long Run is the chapter on global investing. With the U.S. stock market currently holding less than half of the world's equity capitalization, it's important for investors to diversify abroad. This updated edition shows you how to create an “efficient portfolio” that best balances asset allocation in domestic and foreign markets and provides thorough coverage on sector allocation across the globe. Stocks for the Long Run is essential reading for every investor and advisor who wants to fully understand the market-including its behavior, past trends, and future influences-in order to develop a prosperous long-term portfolio that is both safe and secure.
Author: Harvey Leff
Publisher: CRC Press
ISBN: 1420033999
Category : Mathematics
Languages : en
Pages : 494
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Book Description
Over 130 years ago, James Clerk Maxwell introduced his hypothetical "demon" as a challenge to the scope of the second law of thermodynamics. Fascination with the demon persisted throughout the development of statistical and quantum physics, information theory, and computer science, and links have been established between Maxwell's demon and each of
Author: Karel Capek
Publisher: Courier Dover Publications
ISBN: 0486817245
Category : Gardening
Languages : en
Pages : 115
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Book Description
A lighthearted mock-treatise reflects upon the pains and rewards of tending a small garden plot. "This very entertaining volume with its delightfully humorous pictures should be read by all gardeners." — Nature.
Author: James M. Reilly
Publisher: HP Trade
ISBN:
Category : Photography
Languages : en
Pages : 152
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Book Description
Author:
Publisher:
ISBN:
Category : Editions
Languages : en
Pages : 328
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Book Description
Author: Clifford D. Simak
Publisher: Hachette UK
ISBN: 0575122374
Category : Fiction
Languages : en
Pages : 193
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Book Description
Jay Vickers was an ordinary man, or so he thought. All he wanted was to be left in peace to finish his next book. However, strange things started happenin - from his discovery of a mouse that was not a mouse, to the visit of an old neighbor that was not a man. Or at least he was not an ordinary man. For as it turned out, neither was Jay Vickers. This is the story of human mutation - the next step in the evolution of the species. What if mutants walked among us already? What if they were organized? What if they had unbelievable powers, such as the ability to cross between alternate worlds or dimensions at will, or to intuitively reach the absolutely correct answer by intuition or "hunch", or to telepathically reach out to the stars? Such supermen would automatically try to conquer lesser men, would they not? Or would they do everything in their power to free the rest of humanity from slavery and suffering? Just what would the political and corporate powers-that-be do to keep their power and their slaves? How would mutants undermine the power of these bosses to set mankind free? This is a story of unlimited freedom, of worlds without end, ready for the taking. It is also the story of powerful, benevolent beings that exist only to help those who need that help. This is a future of a lop-sided mechanical culture of technology that could provide creature comfort for a few, but not human justice or security for the many. It is a future of hate, and war, and worry. Nothing like the way the world really turned out - after all, there couldn't really be an underground of mutants working to free humanity . . . could there?
