--Shiller, an economist famous for having warned against bubbles in technology stocks and housing --Fama and others showed how difficult it is to predict stock prices in the short run, findings which changed market practice, for example with the emergence of index funds, the academy said --Shiller showed that there is more predictability in the long run in stock and bond markets --Hansen developed a statistical method to test theories of asset pricing. news.yahoo/3-americans-win-economics-nobel-110652999--finance.html
Posted on: Tue, 15 Oct 2013 21:45:34 +0000