Tag Archives: eugene fama

Another Yale Nobel: Robert Shiller

Robert J. Shiller, the Sterling Professor of Economics at Yale University, has been awarded a Nobel Prize in Economic Sciences. He shares the award — formally, the 2013 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — with Eugene F. Fama and Lars Peter Hansen from the University of Chicago. According to the Nobel committee, the three were honored “for their empirical analysis of asset prices.”

Shiller, whose name became a household word with the wide use of the Case-Shiller Home Price real estate Index, came to national prominence with the publication in 2000 of “Irrational Exuberance.” The book, which quickly became a bestseller, described speculative bubbles fueled by mass misinformation and herd instinct, and accurately predicted the dot.com implosion. As early as 2003, Shiller warned of the housing market collapse, and later wrote a precept for recovery, “Subprime Solution: How the Global Financial Crisis Happened and What to Do about It.” (more…)

Read More

Power of integrity

Hutchinson Lecture features financial economics expert Jensen

It can be easy to miss what’s right in front of you, said Michael Jensen as he shared an awareness test video of basketball players and a “hidden” moonwalking bear in the opening of the 23rd annual Hutchinson Lecture last week at the University of Delaware.

“In effect, integrity is the unforeseen bear in our lives and my intention is to shift the parts of our world group, our frames of reference, relevant to our view of integrity so that we see it differently, in fact as it is, or much closer to what it is,” said Jensen, who presented “The Hidden Power of Integrity and Access to Vast Increases in Performance.” (more…)

Read More