Physicists have a bias to aspire to be "seers" like Einstein rather than "craftspeople" who do simple and … - Robert J. Shiller

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Quote of the day

No storm lasts forever no matter what it is. Nature builds calmness within its storms. That's true in our own lives as well. When you reach the zenith of where you are going in your life, or in a relationship; the only place you can go is down or up. That's the nature of this universe; a cyclical thing. The seasons, the moon; everything has a cycle to it.

Robert J. Shiller

Physicists have a bias to aspire to be "seers" like Einstein rather than "craftspeople" who do simple and practical research. I have seen that in economics departments. The same must be true to some extent in other departments.

Craftspeople, Economics, Research, Simple

Same Author Quotes

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