A Brief Overview of Fama, Hansen, and Shiller's Theories
Although two of the of Nobel Laureates have theories that directy conflcit with one another, the Nobel Committee awarded both economists with the prize for together their work advances understanding of the economy. This is an interesting short article that gives an overview of the work of these three economists.
Eugene Fama, Ph.D., Nobel Laureate 2013
Photo courtesy of Dimensional Fund Advisors
Lars Peter Hansen, Ph.D.
Lars Peter Hansen, Ph.D., Nobel Laureate 2013
Photo by Lloyd DeGrane, Permission University of Chicago