The Psychology of Market Speculation: Exploring Irrational Exuberance in Financial Booms and Busts

Chapter 1:Summary of Irrational Exuberance book<br> <br> Irrational Exuberance by Robert J. Shiller is a book that analyzes the causes and consequences of speculative bubbles in the financial markets, with a focus on the stock and real estate markets. The book was first published in 2000 and has since been updated to reflect new developments in the market.<br> <br> The main argument of the book is that speculative bubbles are not solely driven by rational economic factors but are also influenced by psychological factors, namely investor sentiment and herd behavior. Shiller argues that these psychological factors can lead to...