Member-only story

The Misbehavior of Markets: Unmasking the Hidden Forces behind Financial Crises

José Saramago

·9.3k Followers· Follow

Published in The Misbehavior Of Markets: A Fractal View Of Financial Turbulence

4 min read · 1 month before

915 View Claps

49 Respond

Save

Listen

Financial crises are a recurring feature of the global economy. They can cause widespread damage, wiping out savings, destroying jobs, and destabilizing entire countries. Yet, despite their devastating consequences, we still don't fully understand what causes them.

The Misbehavior of Markets: A Fractal View of Financial Turbulence

by Benoit Mandelbrot

4.6 out of 5

Language	:	English
File size	:	2421 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	429 pages

In his groundbreaking book, The Misbehavior of Markets, leading economist Richard Thaler argues that traditional economic theory fails to explain the full range of human behavior that drives financial markets. This book provides a new framework for understanding financial crises, one that incorporates the insights of behavioral economics.

Thaler shows that humans are not the rational actors that classical economics assumes. We are subject to a variety of biases and cognitive errors that can lead us to make irrational decisions. These biases can be exploited by market participants, leading to bubbles, crashes, and other financial disasters.

The Misbehavior of Markets is essential reading for anyone who wants to understand the complexities of the financial markets and how to protect themselves from their dangers. It is a clear, engaging, and thought-provoking book that will change the way you think about economics and finance.

Key Features

Explains the hidden forces behind financial crises
Provides a new framework for understanding financial markets
Incorporates the insights of behavioral economics
Written by a leading economist
Clear, engaging, and thought-provoking

Reviews

"The Misbehavior of Markets is a must-read for anyone who wants to understand the financial markets. Thaler provides a brilliant and accessible explanation of the hidden forces that drive financial crises." - Robert Shiller, Nobel Prize-winning economist

"Thaler's book is a tour de force. It provides a new and much-needed perspective on the causes of financial crises." - Nouriel Roubini, author of Crisis Economics

"The Misbehavior of Markets is a timely and important book. It offers a powerful new lens for understanding financial crises and provides a roadmap for avoiding them in the future." - Ben Bernanke, former Chairman of the Federal Reserve

Free Download Your Copy Today

The Misbehavior of Markets is available now from all major booksellers. Free Download your copy today and start learning about the hidden forces that drive financial crises.

The Misbehavior Of Markets Book Cover The Misbehavior Of Markets: A Fractal View Of Financial Turbulence