Nobel Winners
10/15/2013 | | economics and elliot eisenberg, Economics and graphsandlaughs, Economics Nobel Prize, Elliot eisenberg, Eugene Fama, General Method of Moments, Graphsandlaughs, housing economics, housing economist and eisenberg, Nobel Prize in Economics, Peter Hansen, Public speaking economist, Robert Shiller, Royal Swedish Academy
In an odd choice, the Royal Swedish Academy awarded the Nobel Prize in economics to Eugene Fama, whose life’s work shows that markets are rational in the short run, to Robert Shiller, who says that markets are often irrational over long periods, and to Peter Hansen, who developed a statistical approach to study asset prices, and thus see if markets are behaving a la Fama or a la Shiller.