Robert James Shiller was born on the 29th of March 1946 in Detroit, Michigan.
Robert J. Shiller earned his Ph.D. from MIT in 1972 under Franco Modigliani with a thesis examining rational expectations and interest rate structures.
Robert J. Shiller published an article in 1981 showing that U.S. stock market volatility far exceeded what constant expected returns could justify according to traditional theory.
Eugene Fama Lars Peter Hansen and Robert J. Shiller jointly received the 2013 Nobel Memorial Prize in Economic Sciences for their empirical analysis of asset prices.
Robert J. Shiller warned in 2005 and wrote articles in August 2006 and September 2007 predicting an imminent collapse in the U.S. housing market and subsequent financial panic.