000			01917cam a2200325 a 4500
003			OSt
005			20240530122045.0
008			120221s2012 enk b 001 0 eng
020			_a9781107633377
040			_cru
042			_apcc
082	0	0	_a332.042019 _223
084			_aSOC026000 _2bisacsh
100	1		_aPixley, Jocelyn
245	1	0	_aEmotions in finance : _bbooms, busts and uncertainty _cJocelyn Pixley.
250			_a2nd ed.
260			_aCambridge ; _aNew York : _bCambridge University Press, _c2012.
300			_axii, 292 p.
520			_a"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"--
650		0	_aFinance
650		0	_aTrust
650		0	_aUncertainty.
650		0	_aEconomic forecasting
650		0	_aRisk assessment
650		0	_aRisk management.
650		7	_aSOCIAL SCIENCE / Sociology / General.
906			_a7 _bcbc _corignew _d1 _eecip _f20 _gy-gencatlg
942			_2ddc _cBK
999			_c5657 _d5657