Physicists have a bias to aspire to be "seers" like Einstein rather than "craftspeople" who do simple and practical research. I have seen that in economics departments. The same must be true to some extent in other departments.
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… - Robert J. Shiller
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…
- Robert J. Shiller
The ability to focus attention on important things is a defining characteristic of intelligence. - Robert J. Shiller
The ability to focus attention on important things is a defining characteristic of intelligence.
Economics is (now) about emotion and psychology. - Robert J. Shiller
Economics is (now) about emotion and psychology.
Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity. - Robert J. Shiller
Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity.
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… - Robert J. Shiller
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…
Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't. - Robert J. Shiller
Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.
Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams. - Robert J. Shiller
Consider our difficulties avoiding junk food and overspending. Such addictions were carefully planned-for by professional marketing teams.
In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration. - Robert J. Shiller
In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration.
Some of the best theorizing comes after collecting data because then you become aware of another reality. - Robert J. Shiller
Some of the best theorizing comes after collecting data because then you become aware of another reality.
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