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 VIDEO
House Prices and the Subprime Crisis
Professor William N. Goetzmann discusses the crucial flaw in models created by mortgage lenders to measure risk: The data they used went back only so far, meaning that they severely underestimated what a real drop in housing prices would look like.
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QN INTERVIEW
What are you thinking? An interview with Robert J. Shiller
Decades of economic research have assumed people pursue their goals in a rational manner, discounting the effects of emotion, bias, error, and other irrational forces. In this interview from Yale SOM's Qn magazine, Professor Robert J. Shiller argues that economists need to take a closer look at how people make decisions. |
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RESEARCH BRIEF
The Hollywood Ratings Game
Movies produced by major studios and well-known filmmakers receive more lenient parental guidance rating than those produced by independent distributors or unknown producers and directors, according to research by Professor Olav Sorenson. This is an advantage that can lead to wider distribution and higher revenues at the box office. |
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NEW FACULTY BOOKS
Slapped by the Invisible Hand
Professor Gary Gorton explains the details of the banking panic behind the current financial crisis in his new book Slapped by the Invisible Hand.
The Lifecycle Investor
In The Lifecycle Investor, Professors Ian Ayers and Barry Nalebuff propose a radical approach to retirement investing: diversify across time by using leverage to buy stocks when young. |
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COMMENTARY
The Road Ahead for India's Organized Retail
In an Economic Times op-ed, Professor K. Sudhir writes that organized retail in India can achieve long-term success by following the strategies of China and other Asian countries that recently modernized their retail sector. |
