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Article
Contrary to Robert Shiller's Predictions, Stock Market Investors Made Much Money in the Past Decade: What Does This Tell Us?
The Economists' Voice (2006)
  • J. Bradford DeLong
  • Konstantin Magin
Abstract

Bradford Delong and Konstantin Magin remind us that a decade ago, many thought the stock market overvalued, and yet on balance the last decade has been good for investors who bought and held. What does this tell us?

Keywords
  • stock market,
  • behavioral finance,
  • asset pricing,
  • irrational exuberance,
  • noise traders,
  • Robert Shiller,
  • risk
Publication Date
August, 2006
Citation Information
J. Bradford DeLong and Konstantin Magin. "Contrary to Robert Shiller's Predictions, Stock Market Investors Made Much Money in the Past Decade: What Does This Tell Us?" The Economists' Voice Vol. 3 Iss. 7 (2006)
Available at: http://works.bepress.com/brad_delong/2/