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"Economists have long based their forecasts on financial aggregates such as price-earnings ratios, asset prices, and exchange rate fluctuations, and used them to produce statistically informed speculations about the future--with limited success. Robert Shiller employs such aggregates in his own forecasts, but has famously complemented them with observations about the influence of mass psychology on certain events. This approach has come to be known as behavioral economics. How can economists effectively capture the effects ...

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    eBook icon EPUB eBook Narrative Economics

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    • Title: Narrative Economics by Robert J. Shiller
    • Publisher: Princeton University Press
    • Print ISBN: 9780691210261, 0691210268
    • eText ISBN: 9780691212074
    • Edition: 2020
    • Format: EPUB eBook
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