TY - BOOK AU - Sornette,Didier TI - Why stock markets crash: critical events in complex financial systems SN - 0691096309 (alk. paper) AV - HB 3722 S714m 2003 U1 - 332.63/222 PY - 2003/// CY - Princeton, N.J. PB - Princeton University Press KW - Financial crises KW - History KW - Crisis financiera KW - Historia KW - Stocks KW - Prices KW - Precios de las acciones KW - United States KW - Estados Unidos KW - Stock exchanges KW - Bolsa de valores KW - Critical phenomena (Physics) KW - Fenómeno crítico (Física) KW - Complexity (Philosophy) KW - Complejidad (Filosofía) N1 - Includes bibliographical references (p. 397-418) and index N2 - Sornette boldly applies his varied experience to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes that the underlying cause can be sought months and even years before the abrupt, catastrophic event. 165 illustrations UR - http://www.loc.gov/catdir/samples/prin031/2002024336.html UR - http://www.loc.gov/catdir/toc/prin032/2002024336.html UR - http://www.loc.gov/catdir/description/prin031/2002024336.html ER -