Review:
-- Paul Samuelson, Institute Professor, MIT
-- Richard A. Grasso, President and Chief Operating Officer, New York Stock Exchange
" Shiller's book should be read by anyone with a serious interest in the functioning of markets." -- Richard A. Grasso, President and Chief Operating Officer, New York Stock Exchange
" A specter haunts modern economics: 'individual stocks perform random walks in efficient markets, but the level of the whole market displays no demonstrable efficiency.' Bob Shiller is the key economist in this great debate. Buy his book and think on its contents. Learn what the October 1987 crash was all about." -- Paul Samuelson, Institute Professor, MIT
& quot; Shiller's book should be read by anyone with a serious interest in the functioning of markets.& quot; -- Richard A. Grasso, President and Chief Operating Officer, New York Stock Exchange
& quot; A specter haunts modern economics: 'individual stocks perform random walks in efficient markets, but the level of the whole market displays no demonstrable efficiency.' Bob Shiller is the key economist in this great debate. Buy his book and think on its contents. Learn what the October 1987 crash was all about.& quot; -- Paul Samuelson, Institute Professor, MIT
"A specter haunts modern economics: 'individual stocks perform random walks in efficient markets, but the level of the whole market displays no demonstrable efficiency.' Bob Shiller is the key economist in this great debate. Buy his book and think on its contents. Learn what the October 1987 crash was all about."--Paul Samuelson, Institute Professor, MIT
"Shiller's book should be read by anyone with a serious interest in the functioning of markets."--Richard A. Grasso, President and Chief Operating Officer, New York Stock Exchange
From the Back Cover:
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 exploring asset prices by emphasizing the significant role that popular opinion or psychology can play in price volatility.
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