Financial Markets: no fear of fear

SDA Bocconi Insight - Zoom on

SHARE ON

By Andrea Beltratti

Are movements on stock markets justified by the movements of dividends? No, according to the Robert Shiller, Nobel Prize winner in Economics, who maintains that it’s the combined actions of investors which create ‘excessive volatility.’ The fluctuations that are typical of share prices are far amplified than those of dividends, revenues, and the GDP, even factoring in the normal variability of interest rates and risk premiums. It’s never easy to ascertain the existence of excessive volatility, because we rarely have the chance to carry out controlled experiments; more often than not we don’t know exactly what moves  the markets. 

 

READ MORE ON SDA INSIGHT>>

Related News

06 October 2025
SDA Bocconi welcomes the Class of 2025: a ...
SDA Bocconi welcomes the Class of 2025: a journey begins
Courage, curiosity, and purpose marked the opening ceremony of ...
Learn More
06 October 2025
Companies in search of capital: markets and ...
Companies in search of capital: markets and pension funds as avenues to explore
Maurizio Dallocchio’s Lectio at the third 2025 meeting of the ...
Learn More
01 October 2025
Do Europeans like the digital euro?
Do Europeans like the digital euro?
At a conference, the discussion on an SDA Bocconi study in ...
Learn More

Related Programs

Il management dei reclami negli intermediari finanziari: dal customer care, al contenzioso, alle procedure ABF
  • Start date
  • Duration
  • Format
  • Language
  • 14 Oct 2025
  • 3 days
  • Class
  • Italian

Strumenti per gestire le controversie tra gli intermediari finanziari e la loro clientela.

  • NEW
Leadership Essentials Leading others for excellent performance
  • Duration
  • wkly effort
  • Format
  • Language
  • 3 weeks
  • 3 hours
  • On demand
  • English

The program equips you with tools to identify your team's strengths and challenges, adapting your leadership style to enhance team effectiveness.