In his new book, Professor Robert J. Shiller argues that finance should play a larger role in helping society achieve its goals.


James Choi and co-authors have received the sixteenth annual TIAA-CREF Paul A. Samuelson Award for their paper, "Why Does the Law of One Price Fail?" The paper finds that the average investor does not understand the importance of mutual fund fees in investment decisions.


Yale SOM brought together a select group of doctoral students from leading universities for the weeklong Behavioral Finance Summer School, organized by Professors Nicholas C. Barberis and Robert J. Shiller.


Roger Ibbotson has received the Financial Analysts Journal's Best Perspectives Award for "The Importance of Asset Allocation."


Treasury security prices tend to be lower on auction days, which results in a large issuance cost for the U.S. Treasury Department, finds Hongjun Yan.