UD faculty members discuss 2013 prize-winners at annual symposium
Today’s chemists might work at a computer as often as in a laboratory, medical researchers studying conditions such as diabetes rely on understanding how cells carry and deposit materials within the body, and average investors in the market increasingly buy index funds to average out the short-term ups and downs of individual stocks.
The discoveries that led to these changes are among the work that was honored by this year’s Nobel Prizes. (more…)
An article written by Robert J. Shiller, the Arthur M. Okun Professor of Economics, was recently named one of the “top 20” articles in the 100-year history of the American Economic Review (AER), the premier journal in the field of economics.
“Do Stock Prices Move Too Much to Be Justified by Subsequent Changes in Dividends?” was published in the June 1981 edition of the AER and became a focal point of debate and research over the question of whether changes in stock market prices are driven by rational expectations — what’s called the efficient markets hypothesis — or by other forces. (more…)
