Herd Behaviour‚ Bubbles and Crashes Author(s): Thomas Lux Source: The Economic Journal‚ Vol. 105‚ No. 431 (Jul.‚ 1995)‚ pp. 881-896 Published by: Wiley on behalf of the Royal Economic Society Stable URL: http://www.jstor.org/stable/2235156 . Accessed: 09/03/2015 04:01 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars‚ researchers‚
Premium Stock market Wall Street Crash of 1929
CHAPTER u 1 Basic Concepts ‘‘Practical men‚ who believe themselves to be quite exempt from any intellectual inXuences‚ are usually the slaves of some defunct economist. Madmen in authority‚ who hear voices in the air‚ are distilling their frenzy from academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.’’ John Maynard Keynes: The General Theory of Employment‚ Interest and Money‚
Premium Risk aversion Risk
whatsoever might be the cutthroat balance price for the crops. A price floor‚ which is also known as minimum price‚ sets the lowest level possible for a price. Price floors/minimum prices only have a result if they are set above the actual market clearing price. There are many examples of government in the real world that set price floors‚ such as establishing a national minimum wage for labor to confirm that individuals are able to earn a ‘living wage’. In addition‚ given the uncertainity of agricultural
Premium Supply and demand Wheat
Clearing Your Perspective Lens Those who are happiest‚ never have everything; rather‚ they are thankful for everything they do have. In an ideal world‚ everything would be perfect for each of us. There would be no restrictions‚ no hardships‚ and no sadness. Unfortunately‚ such a world is unattainable‚ which is why we have to make do with the good we do have; something we all possess‚ no matter how bad things may seem. Dwelling on all the things you do not have will never leave you satisfied‚
Premium Personal life Accept Happiness
Contents 1. PREFACE ................................................................................................................................................. 3 1.1 EXPECTED READERSHIP OF THIS DOCUMENT ....................................................................... 3 1.1.1 Client ............................................................................................................................................ 3 1.1.2 System developers..................................
Premium Requirements analysis Software requirements
01.09 Pre-writing Process Narrative Planner—"The Pomegranate Seeds" Who? Describe the character whose story you plan to tell. King Pluto seems like wealthy man‚ a man that doesn’t seem to be happy because he doesn’t have the things that he wants. Character Name: King Pluto How would you describe this character? Why? Physical Appearance I would describe King Pluto as a tall white guy with black hair and wearing a Greek mythology robe Feelings King Pluto is a wealthy man that is looking
Premium Narrative Fiction Dwarf planet
are numerous types of persuasion and in many forms. In the following pages I will take you on a journey through the tactics of sweepstakes companies‚ one in particular - Publishers Clearing House. This is an interesting subject matter that I have grown up around. My mother has sent in each and every Publishers Clearing House sweepstakes letter she has received since she was twenty years old. She is positive that someday she will indeed win big money even though she has only won a few prizes worth
Premium
Technological Developments in Indian Banking Sector N. Mohan Babu‚ Asst. Professor‚ Vignan Degree and P.G. College‚ Palakaluru Road‚ Guntur – 5. Abstract The origin of Banking in the modern era is traced in Italy. Banking is a business like any other business‚ banking sector place a significant role in development of Indian Economy. So‚ Banks need to have technology to improve their productivity and efficiency‚ to provide faster and better services to the customers. Technology enables the banks
Premium Bank Online banking Debit card
Kiosk reduces customer’s delay expectation and increase contentment levels of agents output of service. Moreover‚ grants agents the ability to concentrate on intricate service delivery ("DMV Kiosks‚" 2013). In addition‚ implementing Automated Clearing House (ACH) payment a form of e-commerce would guarantee installment of fees occur spontaneously on the date of services such as driver’s licenses renewal and vehicle tax payable by the owner of a motor vehicle renewal‚ due date. This elevates
Premium Vehicle Vehicles Automobile
Every sport has its own unique signature that separates it from the rest of the sports world. Baseball has the homerun‚ basketball has the slam-dunk‚ golf has the hole in one‚ and football has the touchdown. But‚ perhaps the sport with the most distinguished and unique signature is hockey and its fights. However‚ hockey officials and executives are trying to eliminate the games most distinctive aspect. Yet‚ because of the recent decline in the amount of fighting in the National Hockey League (NHL)
Premium National Hockey League Ice hockey Basketball