{"id":"https://openalex.org/W3135625804","doi":"https://doi.org/10.1515/9781400829552","title":"Why Stock Markets Crash","display_name":"Why Stock Markets Crash","publication_year":2009,"publication_date":"2009-12-31","ids":{"openalex":"https://openalex.org/W3135625804","doi":"https://doi.org/10.1515/9781400829552","mag":"3135625804"},"language":"en","primary_location":{"id":"doi:10.1515/9781400829552","doi":"https://doi.org/10.1515/9781400829552","is_oa":false,"landing_page_url":"https://doi.org/10.1515/9781400829552","pdf_url":null,"source":{"id":"https://openalex.org/S4306463805","display_name":"Princeton University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316492","host_organization_name":"Princeton University Press","host_organization_lineage":["https://openalex.org/P4310316492"],"host_organization_lineage_names":["Princeton University Press"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"monograph"},"volume":null,"type":"book","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5057002364","display_name":"Didier Sornette","orcid":"https://orcid.org/0000-0001-7874-7962","observed_orcids":["https://orcid.org/0000-0001-7874-7962"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Didier Sornette","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5057002364","display_name":"Didier Sornette","orcid":"https://orcid.org/0000-0001-7874-7962","observed_orcids":["https://orcid.org/0000-0001-7874-7962"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Didier Sornette","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5057002364"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":33.8069,"has_fulltext":false,"cited_by_count":322,"citation_normalized_percentile":{"value":0.99690771,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":100},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9980000257492065,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/stock-market-crash","display_name":"stock market crash","score":0.9909999966621399},{"id":"https://openalex.org/keywords/asset-bubbles","display_name":"asset price bubbles","score":0.8360000252723694},{"id":"https://openalex.org/keywords/market-speculation","display_name":"market speculation","score":0.44200000166893005},{"id":"https://openalex.org/keywords/complex-systems","display_name":"complex systems","score":0.5040000081062317},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.5609999895095825},{"id":"https://openalex.org/keywords/bubble-prediction","display_name":"bubble prediction","score":0.3230000138282776},{"id":"https://openalex.org/keywords/tulip-mania","display_name":"tulip mania","score":0.9449999928474426},{"id":"https://openalex.org/keywords/south-sea-bubble","display_name":"South Sea Bubble","score":0.9980000257492065}],"concepts":[{"id":"https://openalex.org/C183469790","wikidata":"https://www.wikidata.org/wiki/Q333501","display_name":"Crash","level":2,"score":0.6993145942687988},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.467131644487381},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.460679829120636},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.24389752745628357},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.1825488805770874},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.036681950092315674},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1515/9781400829552","doi":"https://doi.org/10.1515/9781400829552","is_oa":false,"landing_page_url":"https://doi.org/10.1515/9781400829552","pdf_url":null,"source":{"id":"https://openalex.org/S4306463805","display_name":"Princeton University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316492","host_organization_name":"Princeton University Press","host_organization_lineage":["https://openalex.org/P4310316492"],"host_organization_lineage_names":["Princeton University Press"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"monograph"},{"id":"doi:10.1515/9781400885091","doi":"https://doi.org/10.1515/9781400885091","is_oa":false,"landing_page_url":"https://doi.org/10.1515/9781400885091","pdf_url":null,"source":{"id":"https://openalex.org/S4306463805","display_name":"Princeton University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316492","host_organization_name":"Princeton University Press","host_organization_lineage":["https://openalex.org/P4310316492"],"host_organization_lineage_names":["Princeton University Press"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"edited-book"},{"id":"doi:10.2307/j.ctt1h1htkg","doi":"https://doi.org/10.2307/j.ctt1h1htkg","is_oa":false,"landing_page_url":"https://doi.org/10.2307/j.ctt1h1htkg","pdf_url":null,"source":{"id":"https://openalex.org/S4306463805","display_name":"Princeton University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316492","host_organization_name":"Princeton University Press","host_organization_lineage":["https://openalex.org/P4310316492"],"host_organization_lineage_names":["Princeton University Press"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"monograph"},{"id":"doi:10.23943/princeton/9780691175959.001.0001","doi":"https://doi.org/10.23943/princeton/9780691175959.001.0001","is_oa":false,"landing_page_url":"https://doi.org/10.23943/princeton/9780691175959.001.0001","pdf_url":null,"source":{"id":"https://openalex.org/S4306463805","display_name":"Princeton University Press eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310316492","host_organization_name":"Princeton University Press","host_organization_lineage":["https://openalex.org/P4310316492"],"host_organization_lineage_names":["Princeton University Press"],"type":"ebook platform"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":null,"raw_type":"monograph"},{"id":"mag:3135625804","doi":null,"is_oa":false,"landing_page_url":"https://openlibrary.org/books/OL29028942M/Why_Stock_Markets_Crash","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","score":0.47999998927116394,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W1508947067","https://openalex.org/W1577689420","https://openalex.org/W1651316286","https://openalex.org/W1964039615","https://openalex.org/W2038660574","https://openalex.org/W2045085919","https://openalex.org/W2066204307","https://openalex.org/W2068120155","https://openalex.org/W2100381995","https://openalex.org/W2949739345","https://openalex.org/W2950713166","https://openalex.org/W2991668532","https://openalex.org/W3099012171"],"related_works":["https://openalex.org/W4211139194","https://openalex.org/W7096058663","https://openalex.org/W2056046055","https://openalex.org/W1999153324","https://openalex.org/W2494285406","https://openalex.org/W3043975002","https://openalex.org/W7126320139","https://openalex.org/W7098141882","https://openalex.org/W164386294","https://openalex.org/W2149451408"],"abstract_inverted_index":{"The":[0,134,154],"scientific":[1],"study":[2],"of":[3,11,43,62,115,125,146,194],"complex":[4],"systems":[5],"has":[6],"transformed":[7],"a":[8,56,93,132,205],"wide":[9],"range":[10],"disciplines":[12],"in":[13,18,51,112,165,171,186,188,200],"recent":[14],"years,":[15],"enabling":[16],"researchers":[17],"both":[19],"the":[20,41,48,88,97,108,113,144,147,161,166,174,181,191,220,225,228],"natural":[21],"and":[22,27,40,59,65,104,139,197],"social":[23],"sciences":[24],"to":[25,54,72,77,173,190,202,217],"model":[26],"predict":[28],"phenomena":[29],"as":[30,32,131],"diverse":[31],"earthquakes,":[33],"global":[34],"warming,":[35],"demographic":[36],"patterns,":[37],"financial":[38],"crises,":[39],"failure":[42],"materials.":[44],"This":[45,90],"book":[46,91,135,155],"applies":[47],"author's":[49],"experience":[50],"these":[52],"areas":[53],"propose":[55],"simple,":[57],"powerful,":[58],"general":[60],"theory":[61],"how,":[63],"why,":[64],"when":[66],"stock":[67,126],"markets":[68,226],"crash.":[69],"Most":[70],"attempts":[71],"explain":[73],"market":[74,127,184],"failures":[75],"seek":[76],"pinpoint":[78],"triggering":[79],"mechanisms":[80],"that":[81,143,168,178,209],"occur":[82,151],"hours,":[83],"days,":[84],"or":[85],"weeks":[86],"before":[87,107],"collapse.":[89],"proposes":[92],"radically":[94],"different":[95],"view:":[96],"underlying":[98],"cause":[99],"can":[100],"be":[101],"sought":[102],"months":[103],"even":[105],"years":[106],"abrupt,":[109],"catastrophic":[110],"event":[111],"build-up":[114],"cooperative":[116,214],"speculation,":[117],"which":[118,224],"often":[119],"translates":[120],"into":[121],"an":[122],"accelerating":[123],"rise":[124],"prices,":[128],"otherwise":[129],"known":[130],"\u201cbubbles.\u201d":[133],"unearths":[136],"remarkable":[137],"insights":[138],"some":[140],"predictions\u2014among":[141],"them,":[142],"\u201cend":[145],"growth":[148],"era\u201d":[149],"will":[150],"around":[152],"2050.":[153],"probes":[156],"major":[157],"historical":[158],"precedents,":[159],"from":[160],"decades-long":[162],"\u201ctulip":[163],"mania\u201d":[164],"Netherlands":[167],"wilted":[169],"suddenly":[170],"1637":[172],"South":[175],"Sea":[176],"Bubble":[177],"ended":[179],"with":[180],"first":[182],"huge":[183],"crash":[185],"England":[187],"1720,":[189],"Great":[192],"Crash":[193],"October":[195],"1929":[196],"Black":[198],"Monday":[199],"1987,":[201],"cite":[203],"just":[204],"few.":[206],"It":[207],"concludes":[208],"most":[210],"explanations":[211],"other":[212],"than":[213],"self-organization":[215],"fail":[216],"account":[218],"for":[219,230],"subtle":[221],"bubbles":[222],"by":[223],"lay":[227],"groundwork":[229],"catastrophe.":[231]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":11},{"year":2022,"cited_by_count":9},{"year":2021,"cited_by_count":17},{"year":2020,"cited_by_count":16},{"year":2019,"cited_by_count":16},{"year":2018,"cited_by_count":16},{"year":2017,"cited_by_count":11},{"year":2016,"cited_by_count":14},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":18},{"year":2013,"cited_by_count":10},{"year":2012,"cited_by_count":27}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-03-15T00:00:00"}
