TY  - BOOK
AU  - Sornette,D.
TI  - Why stock markets crash: critical events in complex financial systems 
SN  - 0691096309 :
AV  - HB3722 .S66 2003
PY  - 2003///
CY  - Princeton, N.J.
PB  - Princeton University Press
KW  - Financial crises
KW  - History
KW  - Stocks
KW  - Prices
KW  - United States
KW  - Stock exchanges
KW  - Critical phenomena (Physics)
KW  - Complexity (Philosophy)
N1  - Includes bibliographical references (p. 397-418) and index
N2  - Sornette boldly applies his varied experience to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes that the underlying cause can be sought months and even years before the abrupt, catastrophic event. 165 illustrations
ER  -