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Only Paul Could Go To Changchun

Rethinking Housing Bubbles

4/27/2015

 
By Vernon Smith and Steve Gjersatd.  You wouldn't know it from the book description but experiments are key to their explanation of the crash and why the recessionary effects lasted so long. All of chapter two is about the experimental foundation.

https://blogs.chapman.edu/business/2015/03/31/rethinking-housing-bubbles/

This 14 minute video from December 2014 explains how it all fits together.

https://www.youtube.com/watch?v=rKOOWjVfBmk


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