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>