Robert J. Shiller, born on March 29, 1946, in Detroit, Michigan, is a distinguished American economist, academic, and author known for his contributions to financial economics and behavioral finance. He is currently a Sterling Professor of Economics at Yale University and a fellow at the Yale School of Management’s International Center for Finance. Shiller earned his B.A. from the University of Michigan in 1967 and his Ph.D. from the Massachusetts Institute of Technology (MIT) in 1972.
Shiller is best known for his influential books, including Irrational Exuberance (2000), which warned of the dot-com bubble, and Narrative Economics: How Stories Go Viral and Drive Major Economic Events (2019). He co-developed the Case-Shiller Index, a key measure of U.S. residential real estate prices. In 2013, he was awarded the Nobel Prize in Economic Sciences alongside Eugene Fama and Lars Peter Hansen for their empirical analysis of asset prices.
Throughout his career, Shiller has challenged traditional economic theories that assume rational decision-making and efficient markets, emphasizing the role of psychological factors in economic behavior. He has also contributed to various media outlets, including The New York Times and Project Syndicate, discussing economic trends and public policy.
