Replay: In conversation with Professor Robert Shiller

Nobel Prize winning economist Professor Robert Shiller talks Coronavirus, Artificial Intelligence and narrative economics.


Highlights

  • A lot of people mistrust models, but that’s the way we have to think about epidemics.
  • Sometimes narratives go viral too.
  • Covid-19 is a big surprise. But reaction in markets isn't necessarily rational. Fear and panic is driving markets.
  • We have a lot of problems making long-term predictions. Economists are famously not good at it. Predicting narratives is like predicting the next hit movie.
  • Were we to be in a recession by election day, history would suggest that Trump should lose.
  • It is also not just the economy that matters. It's public discourse. Even the most ardent supporters must be getting the message about his mishandling of the coronavirus.

This material is provided for informational purposes only and should not be construed as investment advice. The views and opinions expressed are those of the speakers as of the date of this video and may change based on market and other conditions. Professor Shiller is not affiliated with Natixis Investment Managers

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