Bruce Jacobs sifts through the history of modern finance, from the efficient market hypothesis to behavioral psychology and chaos theory, to determine the cause of recent market crashes. Includes a Foreword from Nobel Laureate Harry M. Markowitz. Showcases the expertise of an author who identified and predicted the causes of 1987, 1997 and 1998 crashes. Explains the risks of little-understood option replication. Offers chapter summaries, appendices and a glossary.
* Includes a Foreword from Nobel Laureate Harry M. Markowitz. * Showcases the expertise of an author who identified and predicted the causes of 1987, 1997 and 1998 crashes. * Explains the risks of little--understood option replication. * Offers chapter summaries, appendices and a glossary. .
