Abstract
The high valuations we have seen recently in the United States stock market have come about mostly for no good reason. The market is high because of the combined effect of a lot of indifferent thinking across millions of people.
How to Cite:
Shiller, R.,
(2000) “Irrational Exuberance”,
Philosophy and Public Policy Quarterly 20(1),
18–23.
doi: https://doi.org/10.13021/G8pppq.202000.333