Author Information

Robert J. Shiller, winner of the Nobel Prize in Economic Sciences in 2013, is a bestselling author, a regular contributor to the Economic View column of the New York Times, and a professor of economics at Yale University.

Book Description

In this revised, updated, and expanded edition of his New York Times bestseller, Nobel laureate and economist Robert Shiller, who has warned about both the technology and real estate bubbles, cautions that signs of irrational exuberance among investors have only increased since the financial crisis of 2008-2009. With high stock and bond prices, as well as rising housing costs, the post-subprime boom could serve as another example of Shiller's influential argument that psychologically driven volatility is an inherent characteristic of all asset markets. In other words, irrational.