Posts Tagged ‘Robert Schiller’

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    Irrational Expectations

    Jun 13, 11 • 105 Views • Behavioral Economics, Demand, Supply, and Markets, Economic Thinkers, Financial Markets, Government, Households, Macroeconomic Measurement, Money and Monetary Policy, Regulation, Thinking EconomicallyNo Comments

    Let’s say that you purchased the house in which you now live during 1997 for the average national price, $171,900. With housing prices steadily rising, by 2006, a neighbor’s house would have sold for as much as $317,000. In the NY Times, Nobel...