What question did this study set out to answer?

The aim is to examine the disconnect between popular economic models used by the public and those utilized by economists, particularly in the context of market crashes.

May 1, 1990The Journal of Economic PerspectivesOpen Access

Speculative Prices and Popular Models

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Authors

RSRobert J. ShillerBoston College

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Implication

This research reports on popular economic models affecting speculative markets, highlighting significant market crashes and booms.

Key Points

The aim is to examine the disconnect between popular economic models used by the public and those utilized by economists, particularly in the context of market crashes.
Data collection through questionnaire surveys on popular economic models.
Analysis of the U.S. stock market crash and the Japanese stock market crash of October 1987.
Investigation of real estate booms and markets for initial public offerings (IPOs).
Identified discrepancies between popular models and economist models affecting speculation.
Revealed insights into the factors leading to significant stock market crashes.
Uncovered trends in popular models used during market booms and IPOs.

Cite This Study

Robert J. Shiller (1990) studied this question.

synapsesocial.com/papers/6a100d3f64e8141cd25ffd4c https://doi.org/10.1257/jep.4.2.55

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Speculative Prices and Popular Models

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Implication

Key Points

Cite This Study

Speculative Prices and Popular Models

Discussion

Member takes

Implication

Key Points

Cite This Study

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