Critical Market Crashes
by D. Sornette
Publisher: arXiv 2003
Number of pages: 91
Description:
This review presents a general theory of financial crashes and of stock market instabilities that his co-workers and the author have developed over the past seven years. We start by discussing the limitation of standard analyses for characterizing how crashes are special. We conclude by presenting our view of the organization of financial markets.
Download or read it online for free here:
Download link
(1.6MB, PDF)
Similar books
Portfolio Selection: Efficient Diversification of Investmentsby Harry M. Markowitz - John Wiley & Sons
This is a classic book, representing the first major breakthrough in the field of modern financial theory. It created the model which is the indispensable building block from which the theory of the demand for risky securities is constructed.
(14768 views)
Investing Money in Your Retirementby Robert Lewis II - Smashwords
The wealthy in America have been using the Insurance Industry in America as their own piggy banks since the start of the industrial revolution. When you do it right you can use this same practice to protect your money all the way until retirement.
(7477 views)
The Mathematics of Investmentby William L.Hart - D.C Heath and Company
This book provides an elementary course in the theory and the application of annuities certain and in the mathematical aspects of life insurance. The book is particularly adapted to the needs of students in colleges of business administration.
(38463 views)
Common Cents, Common Dreamsby Peter J. Ferrara, Michael D. Tanner - Cato Institute
A plain-language guide to the problems of Social Security and an alternative based on savings and investment. The authors show how a privatized Social Security system would work and why it would provide a better retirement for future generations.
(7983 views)