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Quote by Robert J. Shiller

“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.”

Quote by Robert J. Shiller

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Robert J. Shiller

Robert J. Shiller is a renowned economist known for his work in behavioral finance, asset pricing, and macroeconomic fluctuations. Born on March 29, 1946, he is a Nobel laureate in Economics. more

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“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 more eclectic and commonsense approach: research that is, among other things, more respectful of insights from psychology.”

Psychology Movement Behavior Approach News Models Research Economics Insight Rational Mathematical Good News Respectful Eclectic Mathematical Models

Author:Robert J. Shiller

“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 scientists are asked to answer analogous questions. We economists and perhaps psychologists shouldn't overreact to the derision. That is, we shouldn't try to overlay a false sense of precision on our admittedly squooshy work.”

People Trying Years Girl Social Answers Baby Scientist Experiments Controlled Economist Dolls Psychologist Precision Derision

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“There is more uncertainty than usual about job futures because computers are replacing more and more human intelligence, and globalization is proceeding at an accelerating pace.”

Humans Jobs Computer Uncertainty Pace Usual Globalization Proceeding Human Intelligence

Author:Robert J. Shiller

“I have argued that we need livelihood insurance, which would protect people against the risk of seeing their skills and expertise no longer needed. Such insurance could be offered by the private sector.”

People Needs Seeing Risk Needed Protect Skills Expertise Private Sector Livelihood

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

Certain Moral Authority Loyalty Senses Liberalism Sanctity

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“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 profession about irrationality in decision-making, I received a lot of criticism. Ginny would support my views and remind me that a whole other profession - psychology - studies people's irrational sides.”

“Life's meaning heavily benefits from lifelong bonds.”

Benefits Lifelong

Author:Robert J. Shiller

“I actually like taking a mic and plugging it into an amp and giving it to a kid to see what they do, 'cause they flip out. They're way more in touch with their voices than we give them credit for.”

Way Giving Kids Causes Voice Credit Flip Mics

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“I don't really like ska.”

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“As strange as it may sound, I think I'm a lot more at peace with the fact that you can't guarantee you're going to be all right [at] any time.”

Thinking May Facts Sound Strange Guarantees

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