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Palgrave Macmillan

The Fear Factor

What Happens When Fear Grips Wall Street

  • Book
  • © 2009

Overview

Authors:
  1. Colin Read

    1. School of Business and Economics, SUNY College, Plattsburgh, USA

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About this book

A fascinating discussion of the role played by fear in financial market panics. Professor Read demonstrates, in easy-to-understand terms, that rising market fear portends to major financial declines. He explains the science and the economics of fear and shows that the financial market has learned how to capitalize on investor or economic fear

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Table of contents (33 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    1. Introduction

      • Colin Read
      Pages 1-4

  3. The Nature of Risk

    1. Front Matter

      Pages 5-5
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    2. The Biology and Psychology of Fear

      • Colin Read
      Pages 7-15

    3. An Economic Definition of Fear and Risk

      • Colin Read
      Pages 16-17

  4. The Supply and Demand of Loanable Funds

    1. Front Matter

      Pages 19-19
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    2. The Demand Side

      • Colin Read
      Pages 21-31

    3. The Supply Side

      • Colin Read
      Pages 32-43

    4. Balance of Capital

      • Colin Read
      Pages 44-49

  5. Measurement of Risk

    1. Front Matter

      Pages 51-51
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    2. The Risk Premium — How Risk Affects Expected Returns

      • Colin Read
      Pages 53-58

    3. The Fear Premium

      • Colin Read
      Pages 59-66

    4. The Demographics of Risk and Fear

      • Colin Read
      Pages 67-75

    5. The Microeconomics of Risk Aversion

      • Colin Read
      Pages 76-82

  6. The Problems with Risk

    1. Front Matter

      Pages 83-83
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    2. Moral Hazard

      • Colin Read
      Pages 85-92

    3. Privatized Gains and Socialized Losses

      • Colin Read
      Pages 93-104

    4. Adverse Selection and Imperfect Information

      • Colin Read
      Pages 105-111

    5. Risk, Uncertainty, Fear, and Gambling

      • Colin Read
      Pages 112-117

  7. Risk and the Market

    1. Front Matter

      Pages 119-119
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Authors and Affiliations

  • School of Business and Economics, SUNY College, Plattsburgh, USA

    Colin Read

About the author

COLIN READ is Professor of Economics and Finance at SUNY College at Plattsburgh, and a columnist for the Plattsburgh New York Press Republican newspaper. He has taught economics and finance for 25 years. His recent books include Global Financial Meltdown: How We Can Avoid the Next Economic Crisis and International Taxation Handbook (edited with G. Gregoriou). He has written dozens of papers on market failure, volatility, and housing markets, writes a monthly column in a business trade journal, and appears monthly on a local PBS television show to discuss the regional and national economy.

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