The Yale Club of London, and the London School of Economics are proud to invite you to attend a private lecture with Professor Robert Shiller. Professor Shiller will be in London to introduce his new book, written in collaboration with George Akerlof: Phishing for Phools: the economics of manipulation and deception.
In their book, the authors challenge the view that free markets fundamentally deliver us prosperity. When there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception, and markets are inherently filled with tricks and traps and will "phish" us as "phools". As too many optimists have learned to their detriment, asset prices volatility involves a whole ocean of phishes. With his thought provoking narrative, Prof. Shiller will tell us how borrowers are lured into unsuitable loans; firms are stripped of their assets; accountants mislead investors; and the digital media amplifies the irrational exuberance that seems to follow a pattern well known to the author.
Princeton University Press is offering Robert Shiller's book: "Phishing for Phools: The Economics of Manipulation and Deception" at the author's discount of £12, to participants in the lecture. Pre-ordered books can be collected at the venue. Please contact firstname.lastname@example.org or email@example.com, if you are interested in ordering a copy (Please bring cash at the event).
We invite all Yale and LSE alumni and their guests to participate to the lecture, together with alumni of the Global Network for Advanced Management member schools.
Robert ShillerSterling Professor of Economics, Professor of Finance and Fellow at the International Center for Finance, Yale School of Management
He received his B.A. from the University of Michigan in 1967 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets.