Economics is (now) about emotion and psychology..

Marketers know that if people you respect - perhaps laughably including entertainers and athletes - say they like a product, you're more likely to bu….

Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which….

My father, Benjamin Shiller, told me not to believe in authorities or celebrities - that society tends to imagine them as superhuman. It's good advic….

Can a controlled experiment explain why people like Kewpie dolls in one year, Beanie Babies in another, and American Girl dolls this year? Yet social….

The ability to focus attention on important things is a defining characteristic of intelligence..

The good news is that, at least in economics, I've seen movement away from its overemphasis on mathematical models of purely rational behavior to a m….

In the short run and for decisions unlikely to have broad impact, it may be more cost effective to use just one expert..

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't..

It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble..

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupid….

In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration..

Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity..

Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams..

News media stimulate bubbles, since stories about them boost their audience..

Each profession has its own toolkit..

My clinical psychologist wife of 40 years has always had a close intellectual influence on me. When I was beginning to talk openly in the economics p….

I have argued that we need livelihood insurance, which would protect people against the risk of seeing their skills and expertise no longer needed. S….

I am worried that the collapse of home prices might turn out to be the most severe since the Great Depression..

Life's meaning heavily benefits from lifelong bonds..

Somehow, talking to young students brings you back to reality - it should, anyway..