eBook - PDF

How Novelty and Narratives Drive the Stock Market

Name: How Novelty and Narratives Drive the Stock Market
ISBN: 9781108982993

Black Swans, Animal Spirits and Scapegoats

Nicholas Mangee,

English
PDF
Available on iOS & Android

eBook - PDF

How Novelty and Narratives Drive the Stock Market

Black Swans, Animal Spirits and Scapegoats

Nicholas Mangee,

About this book

'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.

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Yes, you can access How Novelty and Narratives Drive the Stock Market by Nicholas Mangee in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.