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Shiller, Negative Affect & Psych Cap

Robert Shiller writes in the New York Times about the role of group-think during the upward phase of our blown-up housing bubble. He recounts the polite discounting of his warnings in Irrational Exuberance (see all of Shiller’s books) and says “speculative bubbles are caused by contagious excitement.”

He segues to the remaining gap between economics and […]

By |November 2nd, 2008|Learning Psych Cap|0 Comments

Shiller, Negative Affect & Psych Cap

Robert Shiller writes in the New York Times about the role of group-think during the upward phase of our blown-up housing bubble. He recounts the polite discounting of his warnings in Irrational Exuberance (see all of Shiller’s books) and says “speculative bubbles are caused by contagious excitement.”

He segues to the remaining gap between economics and […]

By |November 2nd, 2008|Emotions & Decisions, Learning Psych Cap|0 Comments