Home / Quotes / Quote by Robert J. Shiller

Quote by Robert J. Shiller

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

Quote by Robert J. Shiller

Author

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

You May Also Like

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

People Ifs Knows Products Including Athlete Entertainers Marketers

Author:Robert J. Shiller

“Without a doubt, first thing we should do is clean up our fiscal house, and that starts with balancing our budgets and digging out of this red ink. We cannot expect to continue in this fashion and remain the leader of the free world.”

World Should Firsts House Leader Doubt Fashion Red Clean Budgets Ink Digging Free World Digging Ditches

Author:Marcy Kaptur

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

Stories Audience Media News Bubbles Boost News Media

Author:Robert J. Shiller

“Each profession has its own toolkit.”

Author:Robert J. Shiller

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

May Use Running Decision Cost Impact Experts Just One Broads Unlikely

Author:Robert J. Shiller

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

Running Creative Issues Solutions Wide Reaching Collaboration Imaginative Creative Solutions Interdisciplinary

Author: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.”

Simple Research Economics Practicals Being True Department Bias Aspire Physicist Seers

Author: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 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

Author:Robert J. Shiller

“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