Robert Shiller gives his reaction to winning 2013 Nobel Economics Prize

Oct 14, 2013, 03:21 PM

This year's Nobel Economics Prize is shared by Robert Shiller from Yale University, and Lars Peter Hansen and Eugene Fama, both at the University of Chicago. Professor Shiller is best-known for his works on financial bubbles, as outlined in his book 'Irrational Exuberance', which presciently - albeit unfashionably in the mid 2000s - argued that the US housing market was over-valued.