Goldstein On Gelt

A Nobel Prize Winner Explains the Causes of the U.S. Housing Crisis - Goldstein on Gelt 051815

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Synopsis

What caused the housing bubble in the United States several years ago? And could the situation have been predicted in advance? Dr. Vernon Smith of the Economics Department at Chapman University, and winner of the Nobel Prize for Economics in 2002, discusses experimental economics and how it can be used to predict housing markets and other important aspects of the economy.