My initial motivation for considering volatility measures in the efficient markets models was to clarify the basic smoothing properties of the models to allow an understanding of the assumptions which are implicit in the notion of market efficiency. The efficient markets models, which are...

Er hat die Technologieblase vorhergesagt und vor der Immobilienblase warnte er ebenfalls frühzeitig. Nun analysiert Wirtschafts-Nobelpreisträger Robert Shiller die aktuelle Situation an den Finanzmärkten - und warnt erneut. Mit seiner Theorie des "Irrationalen Überschwangs" zeigt...

Frontmatter -- Contents -- Figures and Tables -- Preface to the Third Edition -- Preface to the Second Edition, 2005 -- Preface to the First Edition, 2000 -- Acknowledgments -- One. The Stock Market in Historical Perspective -- Two. The Bond Market in Historical Perspective -- Three. The Real...