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It's all about the blanket. Blanket, pillow, and red wine. You should always be asleep on a plane.

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Robert J. Shiller

News media stimulate bubbles, since stories about them boost their audience.

Boost, Media, News, Stimulate, Stories
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Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.

Expectations, Focus, Fundamentals, Models, Pure, Stupidity

In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration.

Creative, Interdisciplinary, Issues, Running

It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.

Assemble, Based, Challenge, Challenges, Data, People

The ability to focus attention on important things is a defining characteristic of intelligence.

Ability, Focus, Inspirational, Intelligence

Some of the best theorizing comes after collecting data because then you become aware of another reality.

Become, Collecting, Data, Reality
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