Shiller Destroys the Efficient Market Hypothesis Right in Front of Fama

December 10th, 2013
in econ_news, syndication

Econintersect:  A quiet and unassuming Robert Shiller made his Nobel Laureate acceptance address as a lecture with data.  In the most humble and unassuming way (maybe even shy), Shiller dissected the Efficient Market Hypothesis and threw the pieces on the floor at the feet of co-awardee Eugene Fama who was sitting in the front row.  Fama received his award for his work in developing the Efficient Market Hypothesis.

Click on chart for larger, more complete image.shiller-nobel-address-380p

Follow up:

Eugene Fama had no chance to reply on the day.  His address was given before Shiller's.

Advance the video to the 1 hour 10 minute mark for the start of the Shiller address.


Lectures: 2013 Prize in Economic Sciences (YouTube)

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