24 Facts About Robert Shiller

Robert Shiller is the co-founder and chief economist of the investment management firm MacroMarkets LLC.

Robert Shiller was ranked by the IDEAS RePEc publications monitor in 2008 as among the 100 most influential economists of the world; and was still on the list in 2019.

Eugene Fama, Lars Peter Hansen and Robert Shiller jointly received the 2013 Nobel Memorial Prize in Economic Sciences, "for their empirical analysis of asset prices".

Robert Shiller is married to Virginia Marie, a psychologist, and has two children.

Robert Shiller received the S M degree from the Massachusetts Institute of Technology in 1968, and his Ph.

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Robert Shiller remains in contact with some of his relatives in Lithuania because both of his grandmothers corresponded by mail with their families back home their entire lives.

Robert Shiller has taught at Yale since 1982 and previously held faculty positions at the Wharton School of the University of Pennsylvania and the University of Minnesota, giving frequent lectures at the London School of Economics.

Robert Shiller has written on economic topics that range from behavioral finance to real estate to risk management, and has been co-organizer of NBER workshops on behavioral finance with Richard Thaler since 1991.

Robert Shiller currently publishes a syndicated column and has been a regular contributor to Project Syndicate since 2003.

In 1981 Robert Shiller published an article in which he challenged the efficient-market hypothesis, which was the dominant view in the economics profession at the time.

Robert Shiller argued that in a rational stock market, investors would base stock prices on the expected receipt of future dividends, discounted to a present value.

Robert Shiller concluded that the volatility of the stock market was greater than could plausibly be explained by any rational view of the future.

Robert Shiller's work included survey research that asked investors and stock traders what motivated them to make trades; the results further bolstered his hypothesis that these decisions are often driven by emotion instead of rational calculation.

Robert Shiller produced a repeat-sales index using home sales prices data from across the nation, studying home pricing trends.

Robert Shiller was elected to the American Philosophical Society in 2003.

Robert Shiller was awarded the Deutsche Bank Prize in Financial Economics in 2009 for his pioneering research in the field of financial economics, relating to the dynamics of asset prices, such as fixed income, equities, and real estate, and their metrics.

Robert Shiller's work has been influential in the development of the theory as well as its implications for practice and policy making.

In 2010 Robert Shiller supported the idea that to fix the financial and banking systems, in order to avoid future financial crisis, banks need to issue a new kind of debt, known as contingent capital, that automatically converts into equity if the regulators determine that there is a systemic national financial crisis, and if the bank is simultaneously in violation of capital-adequacy.

Robert Shiller presented an argument on why Eugene Fama's Efficient Market Hypothesis was fallacious.

The results of the graphs provided by Robert Shiller showed a clear aberration from that of the Efficient Market Hypothesis.

Also, in the lecture, Robert Shiller pointed out that variables such as interest rates and building costs did not explain the movement of the housing market.

Robert Shiller argued that a huge set of data is required for the market to operate efficiently.

In 2017, Robert Shiller was quoted as calling Bitcoin the biggest financial bubble at the time.

Robert Shiller has written op-eds since at least 2007 for such publications as The New York Times, where he has appeared in print on at least two dozen occasions.