How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats

'Animal spirits' is a term that describes the instincts and emotions driving human behaviour in economic settings....
€79,23 EUR
€79,23 EUR
SKU: 9781108838450
Product Type: Books
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Author: Nicholas Mangee
Format: Hardcover
Language: English
Subtotal: €79,23
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How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats by Mangee, Nicholas

How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats

€79,23

How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats

€79,23
Author: Nicholas Mangee
Format: Hardcover
Language: English
'Animal spirits' is a term that describes the instincts and emotions driving human behaviour in economic settings. In recent years, this concept has been discussed in relation to the emerging field of narrative economics. When unscheduled events hit the stock market, from corporate scandals and technological breakthroughs to recessions and pandemics, relationships driving returns change in unforeseeable ways. To deal with uncertainty, investors engage in narratives which simplify the complexity of real-time, non-routine change. This book assesses the novelty-narrative hypothesis for the U.S. stock market by conducting a comprehensive investigation of unscheduled events using big data textual analysis of financial news. This important contribution to the field of narrative economics finds that major macro events and associated narratives spill over into the churning stream of corporate novelty and sub-narratives, spawning different forms of unforeseeable stock market instability.

Author: Nicholas Mangee
Publisher: Cambridge University Press
Published: 10/14/2021
Pages: 300
Binding Type: Hardcover
Weight: 1.70lbs
Size: 9.10h x 8.00w x 1.10d
ISBN: 9781108838450

About the Author
Mangee, Nicholas: - Nicholas Mangee is Associate Professor of Finance at Georgia Southern University and Research Associate for the Institute of New Economic Thinking program on Knightian Uncertainty Economics.

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