How Viral Stories Impact Major Economic Events | Davos 2020

Robert Shiller is a Nobel Prize-winning economist, a professor at Yale University, and the author of "Narrative Economics: How Stories Go Viral and Drive Major Economic Events." Shiller believes compelling stories can impact actual economic outcomes. These narrative disruptions make it very difficult to make long-term economic predictions.

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How Viral Stories Impact Major Economic Events | Davos 2020

[deluluinsane]

One of the greatest Economist of this century and the nicest person ever.

[robin_]

What he’s trying to say is that memers are the supreme investors and day traders. Check Tesla, we memed it to a bursting stock.

[xxnikexx]

Of course viral stories has a strong impact on major economic events.

Many people will assume people forgot about the _Great Depression_ but how could people forget after the economic depression in the early 2000s and arguable still a problem even to this day.
People in general are not spending as much in fear of not being able to afford to pay the bills later on or worrying about needing money for an emergency situation.
What's bad is that the cost of living has steadily been going up, but the the wages of people has not been steadily going up.
Recently I am aware that many states in the US have raised the minimum wage, but companies are hiring less and giving fewer hours to people that work hourly.

Anyway, trends are always changing so of course it's "...difficult to make long-term economic predictions."
Therefore the appropriate action would be to learn & understand the trends, keep up with trends, and make decisions based on said trends while accounting for its volatility through constantly changing.

[gitapremnath]

He is yale university teacher I took your financial markets class

[simerpreet]

The genius behind 'Irrational Exuberance'

[Nightdragon]

The interviewer has absolutely no clue what she’s talking about

[zacharyng]

Hope Davos 2020 will bring the healing the world needs from the tariff wars and disasters just in January this year alone!

[davidstaudohar]

Great Northern mall in Ohio is, out of business, Gone and forgotten, 🇺🇸💔🇺🇸 bye bye American pie staudohar.com

[Name-mibx]

Coronavirus is the best Economic impact Good job Trump. i should've got in to the stock market early i would've make thousands.