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Nobel laureate Richard Thaler is "like the boy pointing out the emperor is wearing no clothes"

Oct 9, 2017
Previous Nobel winner Robert Shiller talks about Thaler's intolerance of bad economic research and why psychology is so important.
University of Chicago Professor Richard Thaler arrives at his office after learning he had been awarded the Nobel prize in economics.
Scott Olson/Getty Images

What economists can learn from English majors

Feb 13, 2017
Robert Shiller, Yale economics professor and Nobel laureate, explains why stories are powerful when it comes to the economy.
Robert Shiller says economists should pay more attention to narratives to help them explain why economic events happen.
Wendy Carlson/Getty Images

And the Nobel goes to: Rationality (and irrationality)

Oct 14, 2013
The three men awarded the Nobel Prize in economics are all involved in pricing and stock market indices.
Portraits of US trio Eugene F Fama, Lars Peter Hansen and Robert J Shiller, who won jointly the Nobel Prize in Economic Sciences 2013, is seen on a computer screen at the Royal Swedish Academy of Sciences, in Stockholm, on October 14, 2013.