Why Stock Markets Crash by Didier Sornette
Proposes theory of how, why, and when stock markets crash. This book probes historical precedents, from the 'tulip mania' in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few.
Sornette is both a statistical physicist and a member of a new breed of scientist: the econophysicist.. But Sornette's book is not just about finance and economics; it is also a mesmerizing introduction to game theory, fractals, catastrophe theory, critical phenomena, and much more. No prior knowledge of finance or economics is needed to understand the book... Throughout the book, Sornette makes numerous, vivid comparisons with many other fields in which the various mathematical tools he describes can be applied. -- Frank Cuypers Physics Today The book is written in a readable style and does not require technical knowledge. Any reader interested in a serious approach to the origin and possible prediction of financial bubbles will enjoy reading it. -- Josep M. Porra Journal of Statistical Physics A highly recommended, enjoyable, well-researched, and thought-provoking book for anyone interested in stock markets and the modeling of financial processes. -- Rick Gorvett Journal of Risk and Insurance
Didier Sornette is Professor of Geophysics at the University of California, Los Angeles, and a research director at Centre National de la Recherche Scientifique, France. A specialist in the scientific prediction of catastrophes in a wide range of complex systems, he is the author of the textbook "Critical Phenomena in Natural Sciences" (Springer-Verlag) and has authored or coauthored more than 300 papers in international journals.
| SKU | Unavailable |
| ISBN 13 | 9780691096308 |
| ISBN 10 | 0691096309 |
| Title | Why Stock Markets Crash |
| Author | Didier Sornette |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Princeton University Press |
| Year published | 2002-12-08 |
| Number of pages | 448 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |