Behavioral Economics | Feb 13th at 2:27pm
We’re in the home stretch of the conference at this point listening to the panel called Reclaiming the Promise of Homeownership: New Models to Help First-Time Homebuyers Achieve Stability and Build Wealth. Robert Shiller, a professor of economics at Yale, mentioned this issue of “behavioral economics.” Essentially, the behavioral aspect of economics is the line of thnking that allowed people to believe that housing prices were going to keep going up. How that happened—and how come we didn’t have checks in place—Shiller hasn’t yet explained.
Diana Lind is editor in chief of Next American City.
