| Robert Shiller |
| | Born | 1946
| | Education | Ph.D. from MIT | Robert James "Bob" Shiller (born 1946) is an American economist, academic, and best-selling author. He has been a research associate of the National Bureau of Economic Research since 1980, was Vice President of the American Economic Association in 2005, and President of the Eastern Economic Association for 2006-2007. Shiller serves as the Stanley B. Resor Professor of Economics at Yale University and is a Fellow at the Yale International Center for Finance, Yale School of Management. His book Irrational Exuberance (2000) was a New York Times bestseller, and warned that the stock market of the late 1990s had become a bubble that could lead to a sharp decline. Before you can upload images you will need to register an account Only use this if you hold the copyright on the image. ...
Doctor of Philosophy (Ph. ...
Mapúa Institute of Technology (MIT, MapúaTech or simply Mapúa) is a private, non-sectarian, Filipino tertiary institute located in Intramuros, Manila. ...
The National Bureau of Economic Research (NBER) is a private, nonprofit, nonpartisan research organization dedicated to studying the science and empirics of economics, especially the American economy. ...
The American Economic Association, or AEA, is the oldest and most important professional organization in the field of economics. ...
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The Yale School of Management (also known as Yale SOM) is the graduate business school of Yale University and is located on Hillhouse Avenue in New Haven, Connecticut, USA. Yale SOM offers M.B.A. and Ph. ...
This article is about the book by Robert Shiller. ...
The New York Times is an internationally known daily newspaper published in New York City and distributed in the United States and many other nations worldwide. ...
A stock market bubble is a type of economic bubble taking place in stock markets when price of stocks rise and become overvalued by any measure of stock valuation. ...
Shiller received his B.A. from the University of Michigan in 1967 and his Ph.D. from MIT in 1972. He has taught at Yale since 1982 and previously held faculty positions at the Wharton School of the University of Pennsylvania and the University of Minnesota. He has written on economic topics that range from behavioral finance to real estate to risk management, and has been co-organizer of NBER workshops on behavioral finance with Richard Thaler since 1991. His book Macro Markets won the first annual Paul A. Samuelson Award of TIAA-CREF. He currently publishes a syndicated column. A Bachelor of Arts (B.A. or A.B.) is an undergraduate academic degree awarded for a course or program in the arts and/or sciences. ...
The University of Michigan, Ann Arbor (U of M, UM or simply Michigan) is a coeducational public research university in the state of Michigan, and one of the foremost universities in the United States. ...
Doctor of Philosophy (Ph. ...
Mapúa Institute of Technology (MIT, MapúaTech or simply Mapúa) is a private, non-sectarian, Filipino tertiary institute located in Intramuros, Manila. ...
The Wharton School of the University of Pennsylvania is a business school at the University of Pennsylvania, USA. The school was founded by Joseph Wharton, who also was one of the founders of Swarthmore College (founded in 1864), in 1881 as the first collegiate business school in the United States. ...
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This article is about the oldest and largest campus of the University of Minnesota. ...
Economics Nobel Laureate Daniel Kahneman, was an important figure in the development of behavioral finance and economics and continues to write extensively in the field. ...
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. ...
For non-business risks, see risk or the disambiguation page risk analysis. ...
Richard H. Thaler (b. ...
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Paul Anthony Samuelson (born May 15, 1915, in Gary, Indiana) is an American neoclassical economist known for his contributions to many fields of economics, beginning with his general statement of the comparative statics method in his 1947 book Foundations of Economic Analysis. ...
TIAA-CREF is one of the largest financial services companies in the United States, with some $360 billion in assets under management as of Sept. ...
In 1981 Shiller published an article in the American Economic Review, titled "Do stock prices move too much to be justified by subsequent changes in dividends?" He challenged the efficient markets model, which at that time was the dominant view in the economics profession. Shiller argued that in a rational stock market, investors would base stock prices on the expected receipt of future dividends, discounted to a present value. He examined the performance of the U.S. stock market since the 1920s, and considered the kinds of expectations of future dividends and discount rates that could justify the wide range of variation experienced in the stock market. Shiller concluded that the volatility of the stock market was greater than could plausibly be explained by any rational view of the future. The American Economic Review (AER) is a quarterly journal of economics published by the American Economic Association. ...
In finance, the efficient market hypothesis (EMH) asserts that financial markets are informationally efficient, or that prices on traded assets, e. ...
The behavioral finance school gained new credibility following the October 1987 stock market crash. Shiller's work included survey research that asked investors and stock traders what motivated them to make trades; the results further bolstered his hypothesis that these decisions are often driven by emotion instead of rational calculation. Much of this survey data has been gathered continuously since 1989, and is available at Yale's Investor Behavior Project. DJIA (19 July 1987 through 19 January 1988). ...
Shiller's most recent book is The New Financial Order: Risk in the 21st Century (2003).
Books - The New Financial Order: Risk in the 21st Century, by Robert J. Shiller, Princeton University Press (2003), ISBN 0691091722.
- Irrational Exuberance, by Robert J Shiller, Princeton University Press (2000), ISBN 0691050627.
- Macro Markets: Creating Institutions for Managing Society's largest Economic Risks by Robert J. Shiller, Clarendon Press, New York: Oxford University Press (1993), ISBN 0198287828.
- Market Volatility, by Robert J. Shiller, MIT Press (1990), ISBN 026219290X.
Irrational exuberance is a phrase used by Federal Reserve Board Chairman Alan Greenspan in a speech given during the stock market boom of the 1990s. ...
See also Economics Nobel Laureate Daniel Kahneman, was an important figure in the development of behavioral finance and economics and continues to write extensively in the field. ...
The Journal of Behavioral Finance is a peer-reviewed journal that publishes research related to the field of behavioral finance. ...
The House Price Index (HPI) is a measure of the cost of single-family houses published by the Office of Federal Housing Enterprise Oversight. ...
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