-- Eight. New Eras and Bubbles around the World -- Part Three. Psychological Factors -- Nine. Psychological Anchors for the …, Random Walks, and Bubbles -- Twelve. Investor Learning-and Unlearning -- Part Five. A Call to Action -- Thirteen. Speculative … Shiller, who warned of both the tech and housing bubbles, cautions that signs of irrational exuberance among investors have …

's q ratio displays regular cycles of bubbles and crashes reflecting an agency problem between investors and producers. The … ; financial bubbles ; stock markets ; booms and crashes ; Tobin's q ; business cycles ; economic rents …