Source: The Guardian

Category: Markets, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Shiller vs Fama: Nobel Winning Economists Disagreement Goes to 11”

  1. RW says:

    Way back in university my program adviser told me to take required math courses in the science department rather than the math department even though either was acceptable for degree. When I asked why he said that the problems in math as well as many of the approaches it favored (e.g., axioms, proofs) might give a science student bad habits.

    After some thought he then added, if possible, avoid taking math from physics professors too. When I expressed some astonishment at this he basically said, well, they’re certainly empirical enough so that’s good but naturally tend to favor simpler, causal systems and you need more work in complex and emergent systems.

    Schiller talks like a physicist, Fama seems more like a mathematician. Nothing wrong with any of that, JMO.