Packet A: Bonus 9
This economist predicted the collapse of the US housing market in an article published one year before Lehman Brothers filed for bankruptcy. For 10 points each:
[10h] Name this Yale economist who co-authored the paper “Is There a Bubble in the Housing Market?” with an alphabetically prior Wellesley economist, with whom he also names the S&P’s CoreLogic Home Price Index.
ANSWER: Robert James Shiller [accept Case–Shiller Home Price Index]
[10e] Shiller cited unexplainable volatility in a paper challenging Eugene Fama’s efficient-market hypothesis titled for the “Prices” of these assets, which make up most mutual funds along with bonds.
ANSWER: stocks [or capital stocks or shares; accept stock exchanges or stock markets; accept “Stock Prices, Earnings, and Expected Dividends”; prompt on equities or investments]
[10m] Shiller co-authored a 2009 book with this economist titled Animal Spirits. This economist wrote about the consequences of information asymmetry through a scenario about a used car dealer in “The Market for Lemons.”
ANSWER: George Akerlof [or George Arthur Akerlof]
<Purdue, Social Science> | Packet A - Brown A, Wisconsin A, Purdue, Maryland B
| Heard | PPB | E % | M % | H % |
|---|---|---|---|---|
| 81 | 12.84 | 94% | 25% | 10% |
Conversion
| Team | Opponent | Part 1 | Part 2 | Part 3 | Total | Parts |
|---|---|---|---|---|---|---|
| Catholic | Maryland C | 0 | 10 | 0 | 10 | E |
| Columbia B | Maryland A | 0 | 10 | 10 | 20 | EM |
| Johns Hopkins A | Columbia C | 10 | 10 | 10 | 30 | HEM |
| NYU A | Georgetown | 10 | 10 | 10 | 30 | HEM |
| NYU B | Johns Hopkins B | 0 | 10 | 0 | 10 | E |
| Rutgers A | NYU C | 0 | 10 | 0 | 10 | E |
| Rutgers B | Vassar | 0 | 10 | 0 | 10 | E |
| Swarthmore | John Jay | 0 | 10 | 10 | 20 | EM |
Summary
| Tournament | Edition | Match | Heard | PPB | E % | M % | H % |
|---|---|---|---|---|---|---|---|
| California (North) | Main Site | ✓ | 3 | 16.67 | 67% | 67% | 33% |
| California (South) | Main Site | ✓ | 4 | 15.00 | 100% | 25% | 25% |
| Canada | Main Site | ✓ | 12 | 12.50 | 92% | 25% | 8% |
| Florida | Main Site | ✓ | 3 | 10.00 | 100% | 0% | 0% |
| Great Lakes | Main Site | ✓ | 5 | 12.00 | 100% | 20% | 0% |
| Lower Mid-Atlantic | Main Site | ✓ | 9 | 12.22 | 100% | 22% | 0% |
| Midwest | Main Site | ✓ | 8 | 15.00 | 100% | 38% | 13% |
| Overflow | Main Site | ✓ | 4 | 10.00 | 100% | 0% | 0% |
| South Central | Main Site | ✓ | 2 | 10.00 | 100% | 0% | 0% |
| Southeast | Main Site | ✓ | 7 | 14.29 | 100% | 29% | 14% |
| UK | Main Site | ✓ | 12 | 9.17 | 75% | 17% | 0% |
| Upper Mid-Atlantic | Main Site | ✓ | 8 | 17.50 | 100% | 50% | 25% |
| Upstate NY | Main Site | ✓ | 4 | 12.50 | 100% | 0% | 25% |