The ability to focus attention on important things is a defining characteristic of intelligence.
Robert J. ShillerSomehow, talking to young students brings you back to reality - it should, anyway.
Robert J. ShillerCan a controlled experiment explain why people like Kewpie dolls in one year, Beanie Babies in another, and American Girl dolls this year? Yet social scientists are asked to answer analogous questions. We economists and perhaps psychologists shouldn't overreact to the derision. That is, we shouldn't try to overlay a false sense of precision on our admittedly squooshy work.
Robert J. Shiller