000 02374nam a2200373 i 4500
001 CR9781108974899
003 UkCbUP
005 20240910175137.0
006 m|||||o||d||||||||
007 cr||||||||||||
008 200811s2021||||enk o ||1 0|eng|d
020 _a9781108974899 (ebook)
020 _z9781108838450 (hardback)
020 _z9781108971409 (paperback)
040 _aUkCbUP
_beng
_erda
_cUkCbUP
050 0 0 _aHG4515.15
_b.M363 2021
082 0 0 _a332.6019
_223
100 1 _aMangee, Nicholas,
_d1983-
_eauthor.
245 1 0 _aHow novelty and narratives drive the stock market :
_bblack swans, animal spirits, and scapegoats /
_cNicholas Mangee, Georgia Southern University.
264 1 _aCambridge :
_bCambridge University Press,
_c2021.
300 _a1 online resource (xxvii, 422 pages) :
_bdigital, PDF file(s).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
490 1 _aStudies in new economic thinking
500 _aTitle from publisher's bibliographic system (viewed on 13 Oct 2021).
520 _a'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.
650 0 _aInvestments
_xPsychological aspects.
650 0 _aStock exchanges
_xPsychological aspects.
776 0 8 _iPrint version:
_z9781108838450
830 0 _aStudies in new economic thinking.
856 4 0 _uhttps://doi.org/10.1017/9781108974899
942 _2ddc
_cEB
999 _c9331
_d9331