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This Author: Robert J. Shiller
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How Human Psychology Drives the Economy by Robert J. Shiller

How Human Psychology Drives the Economy

by Robert J. Shiller


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Running Time
26 Min.
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In this conversation with Robert J. Shiller, the noted economist discusses his personal theories about what underlies the 2008 subprime mortgage crisis, and why human psychology might be the prime motivator of economic activity. Going against the common wisdom that there are larger economic forces that are barely controllable, Shiller has devoted much of his work to a study called “behavioral economics”. In his view, our confidence in the market (or lack thereof) can often become a self-fulfilling prophecy; in other words, if we all believe in one mass that the stock-market is going to crash, it will probably crash in reality. This “herd-mentality” model provides useful insight into what really may be driving the market up or down at any given time.

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  • LearnOutLoud.com Product ID: H082482