# Robert J. Shiller

> American economist

**Wikidata**: [Q338151](https://www.wikidata.org/wiki/Q338151)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Robert_J._Shiller)  
**Source**: https://4ort.xyz/entity/robert-j-shiller

## Summary
Robert J. Shiller is an American economist renowned for his contributions to behavioral economics and financial market analysis. Born on March 29, 1946, he is best known for developing the Case–Shiller index, a leading measure of U.S. residential real estate prices, and for his work on asset price bubbles and market efficiency. Shiller has held academic positions at prestigious institutions, including Yale University, and has received numerous accolades, including the Nobel Memorial Prize in Economic Sciences.

## Biography
- **Born**: March 29, 1946
- **Nationality**: United States
- **Education**: 
  - Bachelor's degree, University of Michigan (1967)
  - Master's degree, Massachusetts Institute of Technology (1968)
  - Ph.D., Massachusetts Institute of Technology (1972)
- **Known for**: Case–Shiller index, research on asset bubbles and market efficiency
- **Employer(s)**: 
  - Yale University (Sterling Professor of Economics)
  - University of Pennsylvania
  - University of Minnesota
  - Kalamazoo College
- **Field(s)**: Behavioral economics, financial economics

## Contributions
- **Case–Shiller Index**: Co-developed this influential home price index in the 1980s, providing critical data on U.S. housing markets.
- **Academic Publications**: Authored seminal works such as *Irrational Exuberance* (2000), analyzing speculative bubbles in financial markets.
- **Behavioral Finance**: Pioneered research challenging traditional efficient-market hypothesis, emphasizing psychological factors in economic decisions.
- **Nobel Memorial Prize in Economic Sciences**: Awarded in 2013 for empirical analysis of asset prices.

## FAQs
**Q: What is Robert J. Shiller best known for?**  
A: Shiller is renowned for creating the Case–Shiller index and his research on behavioral economics, particularly asset price bubbles and market inefficiencies.

**Q: Where has Robert J. Shiller worked?**  
A: Shiller has held academic positions at Yale University, the University of Pennsylvania, the University of Minnesota, and Kalamazoo College, among others.

**Q: What are Shiller's key contributions to economics?**  
A: His work includes the Case–Shiller index, foundational research in behavioral finance, and influential books like *Irrational Exuberance*, which predicted the 2000s housing bubble.

**Q: What awards has Shiller received?**  
A: Shiller was awarded the Nobel Memorial Prize in Economic Sciences (2013), the Deutsche Bank Prize in Financial Economics, and a Guggenheim Fellowship, among others.

## Why They Matter
Robert J. Shiller has profoundly influenced modern economics by integrating behavioral insights into financial analysis. His work on asset bubbles and the Case–Shiller index has shaped policy, investment strategies, and public understanding of housing markets. By challenging the efficient-market hypothesis, Shiller prompted a reevaluation of risk and market dynamics, impacting both academic research and practical finance. His contributions have improved predictive models for economic crises, fostering more resilient financial systems.

## Notable For
- **Nobel Memorial Prize in Economic Sciences (2013)**: Recognized for empirical analysis of asset prices.
- **Case–Shiller Index**: A benchmark for U.S. housing market trends.
- **Predictive Insights**: Warned of the 2000s housing bubble in *Irrational Exuberance*.
- **Interdisciplinary Research**: Bridged psychology and economics in behavioral finance studies.
- **Academic Leadership**: Sterling Professor of Economics at Yale University.

## Body
### Early Life and Education
Robert J. Shiller was born on March 29, 1946, in the United States. He earned his Bachelor's degree from the University of Michigan (1967), followed by a Master's (1968) and Ph.D. (1972) from the Massachusetts Institute of Technology, laying the groundwork for his career in economics.

### Academic Career
Shiller began his academic career at the University of Pennsylvania, later moving to the University of Minnesota and Kalamazoo College. He joined Yale University in 1982, where he became the Sterling Professor of Economics, a position he still holds. His academic roles have included teaching and research across leading U.S. institutions.

### Key Contributions
- **Case–Shiller Index**: Developed in collaboration with Karl Case in the 1980s, this index revolutionized the tracking of U.S. residential real estate prices, providing transparent data to investors and policymakers.
- **Behavioral Finance**: Shiller's research challenged the efficient-market hypothesis, demonstrating how psychological factors and social influences drive asset prices. His work in this area has been published in journals such as the *Journal of Finance* and *American Economic Review*.
- **Publications**: Books like *Irrational Exuberance* (2000) and *The Subprime Solution* (2008) offered timely analyses of market trends, warning of impending crises and advocating for policy reforms.

### Awards and Recognition
Shiller's contributions have been widely recognized:
- **Nobel Memorial Prize in Economic Sciences (2013)**: Awarded for his empirical analysis of asset prices, shared with Eugene Fama and Lars Peter Hansen.
- **Deutsche Bank Prize in Financial Economics**: Honored for his research on financial markets and risk.
- **Guggenheim Fellowship**: Supported his early career research.
- **Fellow of the American Academy of Arts and Sciences**: Elected for his scholarly achievements.

### Influence and Legacy
Shiller's work has reshaped financial economics, emphasizing the role of human behavior in market outcomes. His indices and predictive models are integral to modern financial analysis, while his advocacy for risk management and market transparency has informed policy responses to economic crises. By bridging theory and practice, Shiller has left a lasting impact on both academic discourse and real-world financial practices.

## References

1. Davos 2014 Participant List
2. Integrated Authority File
3. BnF authorities
4. Guggenheim Fellows database
5. [The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013. nobelprize.org](https://www.nobelprize.org/prizes/economic-sciences/2013/summary/)
6. [Source](https://www.econometricsociety.org/society/organization-and-governance/fellows/current)
7. [Source](https://clarivate.com/citation-laureates)
8. [Source](https://www.ifw-kiel.de/de/institut/veranstaltungen/preisverleihungen/weltwirtschaftlicher-preis/)
9. [Source](https://dauphine.psl.eu/recherche/docteurs-honoris-causa)
10. Mathematics Genealogy Project
11. International Standard Name Identifier
12. CiNii Research
13. Virtual International Authority File
14. IMDb
15. Brockhaus Enzyklopädie
16. Munzinger Personen
17. Freebase Data Dumps. 2013
18. Davos 2013 Participant List
19. Davos 2015 Participant List
20. Davos 2016 Participant List
21. Davos 2017 Participant List
22. Davos 2018 Participant List
23. Davos 2019 Participant List
24. Davos 2020 Participant List
25. Davos 2004 List of Participants
26. Autoritats UB
27. Via P227 lookup with GND value from PM20 folder. 20th Century Press Archives
28. The Movie Database
29. Bibliography of the History of the Czech Lands
30. [Source](https://www.podchaser.com/creators/robert-shiller-107a4YqLQJ/appearances)
31. Robert J. Shiller | The StoryGraph. The StoryGraph