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Why Stock Markets Crash

Critical Events in Complex Financial Systems

Why Stock Markets Crash( )
Author: Sornette, Didier
Preface by: Sornette, Didier
ISBN:978-1-4008-8509-1
Publication Date:Mar 2017
Publisher:Princeton University Press
Book Format:Ebook
List Price:Contact Supplier contact
Book Description:

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 his varied experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash.

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