Robert J. Shiller

Robert Shiller, a Yale economics professor and Nobel laureate, dives into the fascinating world of behavioral finance. He shares insights on his predictions of financial crises like the dot-com bubble and the housing market collapse. The discussion highlights the significance of cognitive biases and market inefficiencies in investor behavior. Shiller also emphasizes the evolution of home price indexes and the psychological factors that influence market sentiment, painting a complex picture of economic fluctuations.

Robert Shiller, a Nobel Laureate and Yale professor, delves into his concept of narrative economics, where the stories we tell influence economic behavior. He emphasizes the importance of storytelling in shaping perceptions and decisions, even dating back to historical events like the Great Depression. Shiller discusses how cultural shifts and reputations affect financial choices and highlights persistent fears surrounding automation and job loss, showing how these narratives impact policy and individual attitudes.