Includes bibliographical references (pages 397-418) and index.
The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials. In this book, Didier Sornette boldly applies his varied experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before.
JSTOR
OverDrive, Inc.
22573/cttx734
E7F06C6D-F1C8-47D2-BF41-DF49E0A0A578
Why stock markets crash.
9780691096308
Complexity (Philosophy)
Critical phenomena (Physics)
Financial crises-- History.
Financial crises-- United States-- History.
Stock exchanges-- United States-- History.
Stocks-- Prices-- History.
Actions (Titres de société)-- Prix-- Histoire.
Bourse-- États-Unis-- Histoire.
Complexité (Philosophie)
Krachs-- États-Unis-- Histoire.
Krachs-- Histoire.
Phénomène critique (Physique)
Börse
Börse.
BUSINESS & ECONOMICS-- Economics-- Theory.
BUSINESS & ECONOMICS-- Investments & Securities-- Stocks.