My father, Benjamin Shiller, told me not to believe in authorities or celebrities - that society tends to imagine them as superhuman. It's good advice. People are snowed by celebrities all the time. In academia people have this idea of… — Robert J. Shiller Copy Share Image
As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to come. Efforts by governments to solve the underlying problems responsible for the crisis have still not gotten very… — Robert J. Shiller Copy Share Image
This is an anxiety driven world - the whole world is driven by anxiety. It is anxiety about the aftermath of the global financial… — Robert J. Shiller Copy Share Image
The future is always coming up with surprises for us, and the best way to insulate yourself from these surprises is to diversify. — Robert J. Shiller Copy Share Image
Can a controlled experiment explain why people like Kewpie dolls in one year, Beanie Babies in another, and American Girl dolls this year? Yet… — Robert J. Shiller Copy Share Image
News media stimulate bubbles, since stories about them boost their audience. — Robert J. Shiller Copy Share Image
Diversify, because that helps reduce risk. And you can diversify outside the United States. Some people would never invest in Europe - I think… — Robert J. Shiller Copy Share Image
I want to know diverse facts about such things as galaxies or molecules or proteins or insect species. I have an impulse to want… — Robert J. Shiller Copy Share Image
When I see the Trump supporters on television explaining themselves, I don't get a feeling of supreme confidence. They've created a revolution, and now… — Robert J. Shiller Copy Share Image
I didn't vote for Trump. So we've got him. Let's hope for the best. He might do something good. — Robert J. Shiller Copy Share Image
Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by… — Robert J. Shiller Copy Share Image
Yes, horoscopes still persist in popular newspapers, but they are there only for the severely scientifically challenged, or for entertainment; the idea that the… — Robert J. Shiller Copy Share Image
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 Copy Share Image
As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving… — Robert J. Shiller Copy Share Image
