Emotions in finance

Emotions in finance: booms, busts and uncertainty

by Pixley, Jocelyn

Type Book
Rate 0.0 /5

"Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after crisis, this attempt to defeat uncertainty persists. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial marke…

Read More ↓
Details
Files
Reviews
Download

Title Statements

  • Full title :Emotions in finance : booms, busts and uncertainty / Jocelyn Pixley.

Summary

"Money is a promise with future benefits or dangers that can never, because unknowable, be calculated. The financial sector is driven to beat this uncertainty by speculating on whether prices will rise or fall. No matter how often the folly of this behaviour is demonstrated through crisis after crisis, this attempt to defeat uncertainty persists. Yet uncertainty is unavoidable. Squeezed in one place, it emerges in another. Based on extensive interviews with leading actors in the financial markets, this book argues that the only way to face uncertainty is with emotions and values. It presents an original explanation of how booms and busts arise from internal disputes over trust between financial corporations. Just as the first edition warned prophetically of the dangers of excessive faith in the rationality of financial market behaviour, this new edition provides a sociological explanation of how this contributed to the recent financial crisis"--

Read More ↓

Edition Statements

  • Publication Date:2012.
  • Edition:2nd ed

Publication Statements

The Physical Object

  • Description:xii, 292 pages ; : 24 cm

Edition Identifiers

  • ISBN:9781107633377, 1107633370
  • oclc:ocn777948444
  • LC Classification:HG101
  • Dewey Decimal:332/.042019

Table of Contents

Modern money, modern conflicts -- Corporate suspicion in the kingdom of rationality -- Financial press as trust agencies -- Required distrust and the onus of a bonus -- Managing credibility in central banks -- Hierarchies of distrust from trust to bust -- Overwhelmed by numbers -- The time-utopia in finance -- Taming the god of opportunism.

Read More ↓

Subjects

Confiance -- Aspect économique crise financière Economic forecasting Economic forecasting -- Psychological a… Évaluation du risque -- Aspect psycholo… Finance -- Psychological aspects Finances -- Aspect psychologique Gestion du risque Incertitude Prévision économique -- Aspect psycholo… Risk assessment -- Psychological aspects Risk management SOCIAL SCIENCE -- Sociology Trust -- Economic aspects Uncertainty

Writers

Pixley, Jocelyn

Rate & Review

0.0/5
(0 people Voted)

No reviews yet. Be the first to rate this work.

Files & Downloads

  • Emotions in Finance: Booms, Busts and Uncertainty…

    PDF · 1.1 MB · updated
    Login →
Log in to request a copy