Irrational Exuberance

Archival Summary & Scope

Nobel Prize-winning economist Robert Shiller, renowned for predicting the tech and housing bubbles, presents a revised and expanded edition of his *New York Times* bestseller, *Irrational Exuberance*. This updated analysis argues that signs of investor irrationality have intensified since the 2008–9 financial crisis, evident in current high stock, bond, and housing prices. Shiller explains how psychologically driven volatility is inherent in asset markets. This edition extends its coverage to include bond markets, features updated data, and incorporates his 2013 Nobel Prize lecture. Beyond diagnosing asset bubbles, the book recommends policy changes to lessen their severity and offers individual strategies to mitigate risk before the next downturn. Essential reading for investors and those concerned with market stability.