The fear factor[electronic resource]...
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  • The fear factor[electronic resource] :what happens when fear grips Wall Street /
  • 紀錄類型: 書目-語言資料,印刷品 : Monograph/item
    杜威分類號: 332
    書名/作者: The fear factor : what happens when fear grips Wall Street // Colin Read.
    其他題名: What happens when fear grips Wall Street
    作者: Read, Colin,
    出版者: Basingstoke, Hampshire [England] ; : Palgrave Macmillan,, 2009.
    面頁冊數: xi, 249 p. : : ill. ;; 24 cm.
    標題: Investments - Psychological aspects.
    標題: Stock exchanges - Psychological aspects.
    標題: Finance - Psychological aspects.
    標題: Fear.
    標題: Risk.
    標題: Investments - Psychology. - United States
    標題: Finance - Psychology. - United States
    標題: Financial crises.
    標題: Economic history.
    ISBN: 9780230250864
    ISBN: 0230250866
    書目註: Includes bibliographical references and index.
    內容註: The nature of risk: The biology and psychology of fear ; An economicdefinition of fear and risk -- The supply and demand of loanable funds: The demand side ; The supply side ; Balance of capital -- Measurementof risk: The risk premium : how risk affects expected returns ; The fear premium ; The demographics of risk and fear ; The microeconomics of risk aversion -- The problems with risk: Moral hazard ; Privatized gains and socialized losses ; Adverse selection and imperfect information ;Risk, uncertainty, fear, and gambling -- Risk and the market: Market volatility and returns ; Fear, panic, and market returns ; The fear factor -- A history of panics: A brief history of the fear gripped market ;The Roaring Twenties and the Great Crash ; The depression-gripped economy ; Along comes Keynes -- Coordination failures: The market for lemmings, or A tale of two cultures ; The role of machines and programmed trading ; The ratings agencies : more perfect information? -- Social responsibility as an antidote to fear: Where were the regulators ; Ethics and social responsibility ; Wall Street, Main Street, and the social contract -- Institutions that ameliorate or amplyfy fear: The media as anantidote to fear ; Politics that fan the flames of fear ; Is there more to fear than fear itself? -- Solutions and conclusions: Economic leadership as an antidote to fear ; A dozen prescriptions to take back the markets -- Conclusions.
    摘要、提要註: This book engages the reader in a fascinating discussion of the roleplayed by fear in financial market panics. Professor Colin Read demonstrates, in easy-to-understand terms, that rising market fear portends to major financial declines. He discusses the science andthe economicsof fear and shows that the financial market has learned how to capitalize on investor or economic fear. Professor Read devises a measure of fear, called the panic index, and shows how this panic index is closely correlated to market volatility, the decline of returns for small investors and the rising profits in the financial industry. Heconcludes by offering a series of recommendations that can strengthen financial markets and leave them less prone to manipulation. Throughoutthe book, readers are provided with the necessary economic tools to enable them to understand the current market turmoil, and the author makes the case for the value of an economically literate society.
    電子資源: access to fulltext (Palgrave)
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