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Market Volatility Paperback – January 30, 1992
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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)
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Top Customer Reviews
The book is very interesting if you like this sort of thing, but it's also a very challenging read. My background in finance is stronger than my background in math and statistics, so I usually had to read the book with wikipedia nearby to reference math terms. Even with wikipedia, the equations got too hairy for me to follow with less than 100% concentration. I found myself flipping back pages almost as often as I moved forward, and there were parts I had to just skip over. If you read this book be ready for a serious challenge. Caveat emptor.
Most Recent Customer Reviews
Found it too esoteric and unusable after two chapters. Not the best work of one of my favourite authors.Published 9 months ago by NJ
This book is not for every investor, since the contents are very theoritical and complicated. Unfortunately, even the book full of statistic/mathematic equation, the conclusion is... Read morePublished on January 18, 2010 by Mulia Santosa