The Olympic Bid Cycle as a form of irrational investing: An application of Minskyian theory

Host city bidding for the Olympic Games appears to constitute a form of pro-cyclical irrational investing that leads to multi-billion dollar economic and financial shortfalls and budget over-runs with 100% consistency. The utilisation of Minsky’s Financial Instability Hypothesis (FIH) and Credit Cyc...

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Detalhes bibliográficos

Principais autores:	Elesa Zehndorfer, Chris Mackintosh
Formato:	Artigo
Idioma:	Inglês
Publicado em:	Taylor & Francis Group 2017-01-01
coleção:	Cogent Social Sciences
Assuntos:	minsky olympic games irrational investing behavioural finance ponzi financing, hedge financing, speculative financing, minsky’s credit cycle minsky’s financial instability hypothesis 2008 financial crisis
Acesso em linha:	http://dx.doi.org/10.1080/23311886.2017.1281466
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