Quote “People are aware that confidence is falling, and this, in turn, means that they are to some extent aware of the importance of the psychological aspect in the development of an economic crisis.” Robert Shiller What is the book “Irrational Optimism” about? How reckless behavior drives markets” About the theory of the emergence and deflation of speculative bubbles, namely that we, as rational people, very often commit actions that are based on an irrational principle. How to deal with it? Can it be resisted by a small group of people or should whole institutions be created for this? A detailed analysis of the last great stock market boom, based on numerous published studies and historical facts. Why Irrational Optimism is worth reading A new look at the consequences of the recent major global financial crisis and the dynamics of its development. Professional advice in developing strategies to combat future crises. Human overconfidence and belief in the stability of stock markets leads to their collapse: what can be done about it? The evils of overinvestment - causes and consequences. Analysis of the development of the world economy under the influence of the instability of speculative markets. The future in the face of ruthless capitalism: how to overcome the fear of bankruptcy and impoverishment? Psychological factors underlying market behavior. For whom this book will be of interest to anyone who intends to buy or sell real estate, who is actively invited to invest in various banks, funds, mutual funds, etc. Who is the author? Robert Shiller is an American economist, author of popular books on economy. He is currently the Arthur M. Okun Professor of Economics at Yale University and a fellow at the Yale International Center for Finance at the Yale School of Management. Since 1980, he has been a research fellow at the National Bureau of Economic Research. Founded and is the chief economist of the investment management firm MacroMarkets LLC. Known for his research in the field of economic theory of finance and especially in behavioral finance. Author of more than 200 scientific papers and 5 books.