What Fama and Shiller Didn’t Teach Us About Finance – Bloomberg
Bloomberg |
What Fama and Shiller Didn't Teach Us About Finance
Bloomberg Shiller, by contrast, focused on the ways that fear and greed can lead to the mispricing of financial assets. He correctly warned that U.S. equities were expensive in the late 1990s, and that U.S. house prices were overvalued in the early to mid-2000s. Nobel Prize in Economics Seen as Contradictory, Counterintuitive And The Economics Nobel Goes To Free Market Finance And Speculation 3 US economists win Nobel for work on asset prices |
