Preliminary research by Yale SOM’s Peter Schott, the Juan Trippe Professor of International Economics, and three co-authors, reveals that unexpected investor behavior is causing the stock market to recover while COVID-19 cases are on the rise.
Yale SOM’s Robert Shiller examines how the stock market rise of the 1920s, the crash of 1929, and the Great Depression that followed came to be seen as a tale of recklessness and divine punishment—and how that narrative still shapes our understanding of the stock market, in his new book - NARRATIVE ECONOMICS: How Stories Go Viral and Drive Major Economic Events
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