NewsFeeder
03-07-2019, 06:10 AM
How the financial crisis turned everyone into a behavioral economist
The net worth of U.S. households and nonprofit organizations went from $69 trillion in 2007 to a low of $55 trillion in 2009. A key figure was Yale professor Robert Shiller, who had been publishing research since the 1980s that concluded that the volatility in the stock market could not plausibly be explained by rational expectations of future returns.
https://finance.yahoo.com/m/b7b3e995-444f-33a3-a30a-fb32201d4caa/how-the-financial-crisis.html?.tsrc=rss
The net worth of U.S. households and nonprofit organizations went from $69 trillion in 2007 to a low of $55 trillion in 2009. A key figure was Yale professor Robert Shiller, who had been publishing research since the 1980s that concluded that the volatility in the stock market could not plausibly be explained by rational expectations of future returns.
https://finance.yahoo.com/m/b7b3e995-444f-33a3-a30a-fb32201d4caa/how-the-financial-crisis.html?.tsrc=rss