A Quote by Robert J. Shiller

Economics is (now) about emotion and psychology.

Robert J. Shiller

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About Economics Emotion Now Psychology

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Robert J. Shiller
American - Economist
Born: March 29, 1946

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.

Charlie Munger

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

Evan Davis

My mother and my father taught me to look at the actual problem, not the face of it, not the veneer of it. So for me, I was never - I was impressed that it - racially, I was impressed, right, but now in America it's about economics, and it's been about economics, and honestly, everything's been about economics since I don't want to say the beginning of time, but it's been about economics for a long while.

Lupe Fiasco

I started to read as obsessively about Star Wars as I once did about Kant - and still do about behavioral economics and behavioral psychology.

Cass Sunstein

Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.

Seth Klarman

Economics is half psychology and half Grade Three arithmetic, and the U.S. does not now have either half right.

Conrad Black

Investing is the intersection of economics and psychology.

Seth Klarman

The Tea Party we were told is only about economics; not true. It was always about economics and social issues. They just hid the social issues and now we just see who they really are.

Andrew Sullivan

Cryptoeconomics is so fascinating to study because it's a combination of technology, economics, and psychology.

Nick Tomaino

My first undertaking in the way of scientific experiment was in the field of economics and psychology.

Simon Newcomb

I went to the London School of Economics to study sociology and psychology on a serviceman's grant.

Ron Moody

I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.

Robert Reich

The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics.

Daniel Kahneman

History, sociology, economics, psychology et al. confirmed Joyce's view of Everyman as victim.

Robert Anton Wilson

The great thing about behavioural psychology and economics is that they help us to see that there are actually pretty good reasons why human beings swing from greed to fear, and why we're not really calculating machines or utility-maximisers.

Niall Ferguson

Think of all the nonsense you had to learn in psychology courses. None of which was testable. None of which was measurable. We had behaviorism, Freudian psychology, all of these theories that you learn in psychology. Totally untestable. Now, we can test it, because physics allows us to calculate energy flows in the brain.

Michio Kaku

A Quote by Robert J. Shiller

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