Didier Sornette es científico francés.
“Only a faster-than-exponential stock market growth makes private investors feel richer.”
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 375
Contexto: In order to have a continuing influence, the stock market has to continue rising at an accelerating pace faster than exponential. Only a faster-than-exponential stock market growth makes private investors feel richer.
“Thus the so-called Moore's law is incorrect, since it implies only an exponential growth.”
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 379.
Contexto: Faster-than-exponential growth also occurs in computing power, as measured by the evolution of the number of MIPS per $1,000 of computer from 1900 to 1997. Thus the so-called Moore's law is incorrect, since it implies only an exponential growth. This faster than exponential acceleration has been argued to lead to a transition to a new era, around 2030, corresponding to the epoch when we will have the technological means to create superhuman intelligence.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 108.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 136
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 1, Financial Crashes: What, How, Why, And When?, p. 3.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 114.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 9, Prediction Of Crashes And Antibubbles, p. 327.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 81
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 378.
Preface, p. xvi.
Why Stock Markets Crash - Critical Events in Complex Systems (2003)
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 390.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 115
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 185.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 390.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 138.
“The point is that humans are rarely at their best when they use rational reasoning.”
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 106.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 110.
“The price of a stock is strongly influenced by the behavior of the traders in a nontrivial way.”
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 183.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 10, 2050: The End Of The Growth Era?, p. 396.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 2, Fundamentals Of Financial Markets, p. 38.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 8, Bubbles And Crashes In Emergent Markets, p. 304.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 182.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 136.
“A bubble that goes up is just one that could have crashed but did not.”
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 153.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 7, Autopsy Of Major Crashes, p. 272.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 134.
Fuente: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 82.
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