Soon after Yale economist Robert Shiller won the 2013 Nobel Prize in economics he discussed his groundbreaking research in behavioral finance and market bubbles with us. We are sharing his invaluable insights with you in this WEALTHTRACK CLASSIC.
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Robert Shiller
Sterling Professor Emeritus of Economics and Professor Emeritus of Management, Department of Economics and Cowles Foundation for Research in Economics, Yale University
Professor of Finance and Fellow at the International Center for Finance, Yale School of Management
Nobel Prize in Economic Sciences: Awarded the 2013 Nobel Prize (jointly with Eugene Fama and Lars Peter Hansen) for his empirical analysis of asset prices.
Behavioral Finance: Demonstrated that financial markets are not purely rational. He proved that stock and asset prices exhibit “excessive volatility” driven by human psychology, herd behavior, and speculative bubbles rather than just fundamental data.
S&P/Case-Shiller Home Price Index: Co-created the widely used repeat-sales index that tracks the U.S. residential real estate market