{"product_id":"market-crashes-and-collective-rationality-von-patrick-leoni","title":"Market Crashes and Collective Rationality","description":"\u003cp\u003eSudden crashes are common features of financial markets, worldwide. Those sudden crashes cannot be explained by current economic theories, which essentially rely on changes in fundamentals. Psychological factors are a natural alternative explanation to those phenomena. In this book, we investigate those psychological factors and their impact on financial crises, with a strong focus on collective rationality. Concepts such as herd behavior and pack behavior are studied, together with their implications for financial stability.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783639730197\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783639730197","offer_id":39440184442973,"sku":"9783639730197","price":49.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/a99ad268-840b-4c3e-91e8-a0f36971fceb.jpg?v=1775709959","url":"https:\/\/shop.autorenwelt.de\/en\/products\/market-crashes-and-collective-rationality-von-patrick-leoni","provider":"Autorenwelt Shop","version":"1.0","type":"link"}