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Why Stock Markets Crash

Critical Events in Complex Financial Systems

Didier Sornette Didier Sornette



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Princeton University Pres
01 March 2017
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
By:   Didier Sornette
Preface by:   Didier Sornette
Imprint:   Princeton University Pres
Country of Publication:   United States
Dimensions:   Height: 216mm,  Width: 140mm,  Spine: 28mm
Weight:   510g
ISBN:   9780691175959
ISBN 10:   0691175950
Series:   Princeton Science Library
Pages:   448
Publication Date:   01 March 2017
Audience:   College/higher education ,  Professional and scholarly ,  Primary ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Didier Sornette is professor of entrepreneurial risks at the Swiss Federal Institute of Technology in Zurich, professor of finance at the Swiss Finance Institute in Geneva, and the director of the Financial Crisis Observatory at ETH Zurich.

Reviews for Why Stock Markets Crash: Critical Events in Complex Financial Systems

Sornette is both a statistical physicist and a member of a new breed of scientist: the econophysicist... But Sornette's book is not just about finance and economics; it is also a mesmerizing introduction to game theory, fractals, catastrophe theory, critical phenomena, and much more. No prior knowledge of finance or economics is needed to understand the book... Throughout the book, Sornette makes numerous, vivid comparisons with many other fields in which the various mathematical tools he describes can be applied. --Frank Cuypers, Physics Today The book is written in a readable style and does not require technical knowledge. Any reader interested in a serious approach to the origin and possible prediction of financial bubbles will enjoy reading it. --Josep M. Porra, Journal of Statistical Physics A highly recommended, enjoyable, well-researched, and thought-provoking book for anyone interested in stock markets and the modeling of financial processes. --Rick Gorvett, Journal of Risk and Insurance While it's difficult to pinpoint what type of trader would enjoy this book the most, I think there's something for everyone, whether you're a quaint, technical trader or a fundamentalist... I feel that I'm smarter after finishing this book; I thoroughly enjoyed the lengthy journey, and would recommend this to any stock market enthusiast. --Jeff Pierce, Seeking Alpha

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