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| Tekijä: | Caginalp, G. |
| Otsikko: | Introduction to the Institute's June 2001 Conference: A Multidisciplinary Approach to Understanding Bubbles |
| Lehti: | Journal of Psychology and Financial Markets
2002 : VOL. 3:1, p. 2-3 |
| Asiasana: | CONFERENCES REVIEWS ANALYTICAL REVIEW INFORMATION INFORMATION TECHNOLOGY |
| Kieli: | eng |
| Tiivistelmä: | In this issue, the authors present the first part of the recorded proceedings of the June 2001 conference. Mr. David Dreman presented a historical perspective into the tremendous overvaluations of this era and the analysts' role in this bubble. For several years the vastly divergent assessments of basic value analysis and the so-called "new metrics" such as "number of clicks per site" have provided an impetus for a lively discussion. During the height of the bubble, the "new metrics," as well as current trading, justified prices such as $160forPriceline, while Mr. Dreman's value of discounted future earnings (even with generous assumptions) resulted in an estimated true value of about $9. |
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