Irrational exuberancePDF电子书下载

One The Stock Market in Historical Perspective 1

Two The Bond Market in Historical Perspective 11

Three The Real Estate Market in Historical Perspective 18

Part One Structural Factors 39

Four Precipitating Factors：The Internet，the Capitalist Explosion，and Other Events 39

Five Amplification Mechanisms：Naturally Occurring Ponzi Processes 70

Part Two Cultural Factors 101

Six The News Media 101

Seven New Era Economic Thinking 123

Eight New Eras and Bubbles around the World 150

Part Three Psychological Factors 165

Nine Psychological Anchors for the Market 165

Ten Herd Behavior and Epidemics 175

Part Four Attempts to Rationalize Exuberance 195

Eleven Efficient Markets，Random Walks，and Bubbles 195

Twelve Investor Learning—and Unlearning 214

Part Five A Call to Action 225

Thirteen Speculative Volatility in a Free Society 225

Appendix Nobel Prize Lecture：Speculative Asset Prices 239

Notes 281

References 321

Index 339