Robert James Shiller - 2026 ACF Regionals

Question

This economist predicted the collapse of the US housing market in an article published one year before Lehman Brothers filed for bankruptcy. For 10 points each:

[10h] Name this Yale economist who co-authored the paper “Is There a Bubble in the Housing Market?” with an alphabetically prior Wellesley economist, with whom he also names the S&P’s CoreLogic Home Price Index.

ANSWER: Robert James Shiller [accept Case–Shiller Home Price Index]

[10e] Shiller cited unexplainable volatility in a paper challenging Eugene Fama’s efficient-market hypothesis titled for the “Prices” of these assets, which make up most mutual funds along with bonds.

ANSWER: stocks [or capital stocks or shares; accept stock exchanges or stock markets; accept “Stock Prices, Earnings, and Expected Dividends”; prompt on equities or investments]

[10m] Shiller co-authored a 2009 book with this economist titled Animal Spirits. This economist wrote about the consequences of information asymmetry through a scenario about a used car dealer in “The Market for Lemons.”

ANSWER: George Akerlof [or George Arthur Akerlof]

<Purdue, Social Science>

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Summary


California (North)	Main Site	Y	3	16.67	67%	67%	33%
California (South)	Main Site	Y	4	15.00	100%	25%	25%
Canada	Main Site	Y	12	12.50	92%	25%	8%
Florida	Main Site	Y	3	10.00	100%	0%	0%
Great Lakes	Main Site	Y	5	12.00	100%	20%	0%
Lower Mid-Atlantic	Main Site	Y	9	12.22	100%	22%	0%
Midwest	Main Site	Y	8	15.00	100%	38%	13%
Overflow	Main Site	Y	4	10.00	100%	0%	0%
South Central	Main Site	Y	2	10.00	100%	0%	0%
Southeast	Main Site	Y	7	14.29	100%	29%	14%
UK	Main Site	Y	12	9.17	75%	17%	0%
Upper Mid-Atlantic	Main Site	Y	8	17.50	100%	50%	25%
Upstate NY	Main Site	Y	4	12.50	100%	0%	25%

Data


Berkeley B	Berkeley D	0	10	10	20
Berkeley A	Stanford A	10	10	10	30
UCSD B	UC Irvine	0	10	0	10
UC Santa Barbara	Arizona State	0	10	0	10
UCSD A	UCLA A	0	10	0	10
UCLA B	UCSD C	10	10	10	30
Toronto G	Brock	0	10	0	10
Guelph	Carleton University	0	10	0	10
Toronto B	McMaster A	0	10	0	10
McMaster B	Western B	0	10	0	10
Toronto C	McGill B	0	10	0	10
Toronto F	Toronto D	0	10	0	10
McGill A	Toronto E	0	10	0	10
UBC A	Ottawa	0	10	10	20
Waterloo B	UBC B	10	10	10	30
Waterloo A	Queen's	0	10	10	20
Toronto Metropolitan	Western A	0	0	0	0
Western C	Simon Fraser	0	10	0	10
Michigan C	CWRU B	0	10	0	10
CWRU A	Michigan A	0	10	0	10
Pittsburgh	Michigan B	0	10	0	10
Ohio State B	Ohio State A	0	10	10	20
Ohio State C	Michigan State	0	10	0	10
South Carolina B	Duke	0	10	0	10
James Madison B	North Carolina C	0	10	0	10
NC State B	Liberty A	0	10	0	10
North Carolina A	NC State A	0	10	10	20
North Carolina B	James Madison A	0	10	0	10
South Carolina A	Liberty C	0	10	0	10
Liberty B	VCU	0	10	0	10
Virginia Tech A	William and Mary	0	10	10	20
Wake Forest	Virginia Tech B	0	10	0	10
Florida B	Central Florida A	0	10	0	10
Florida A	Central Florida B	0	10	0	10
Florida C	Central Florida C	0	10	0	10
Northwestern C	Chicago A	10	10	10	30
Chicago C	Indiana B	0	10	0	10
Illinois C	Chicago D	0	10	0	10
Indiana A	Chicago E	0	10	10	20
Illinois A	Indiana C	0	10	10	20
Illinois B	Northwestern D	0	10	0	10
Notre Dame A	Purdue B	0	10	0	10
Notre Dame B	Chicago B	0	10	0	10
Carleton College	Georgia Tech A	0	10	0	10
Claremont	Missouri B	0	10	0	10
Iowa State	Missouri A	0	10	0	10
Washington B	Minnesota A	0	10	0	10
Texas A	Texas A&M A	0	10	0	10
Murray State A	Texas B	0	10	0	10
Stanford B	Berkeley C	0	0	0	0
Kentucky	Alabama B	0	10	0	10
Tennessee B	Georgia Tech B	0	10	0	10
Georgia Tech D	WashU B	0	10	0	10
Oxford A	Edinburgh B	0	0	10	10
Oxford B	Cambridge B	0	10	0	10
Durham	UCL	0	0	0	0
Warwick A	Oxford C	0	10	0	10
Warwick B	Southampton B	0	10	0	10
Catholic	Maryland C	0	10	0	10
Swarthmore	John Jay	0	10	10	20
Johns Hopkins A	Columbia C	10	10	10	30
Columbia B	Maryland A	0	10	10	20
NYU A	Georgetown	10	10	10	30
NYU B	Johns Hopkins B	0	10	0	10
Rutgers A	NYU C	0	10	0	10
Rutgers B	Vassar	0	10	0	10
Bristol	Cambridge C	0	10	0	10
Cardiff	Birmingham	0	0	0	0
Edinburgh A	Southampton A	0	10	0	10
Imperial A	City St. George's	0	10	0	10
Imperial C	LSE	0	10	0	10
Manchester	Imperial B	0	10	0	10
Cambridge A	Montpellier	0	10	10	20
Cornell A	Binghamton A	10	10	0	20
Binghamton B	RIT	0	10	0	10
Penn State	Cornell B	0	10	0	10
Cornell C	Rochester	0	10	0	10
Bruin	Louisville A	10	10	10	30
Georgia Tech C	Sewanee	0	10	0	10
Tennessee A	Vanderbilt B	0	10	0	10
Louisville B	WashU A	0	10	10	20