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Public release date: 24-Jul-2009
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On July 29, the National Science Foundation will examine the human dimensions of the nation's mortgage crisis in a virtual press briefing. One year after passage of the Housing and Economic Recovery Act of 2008 that authorizes $300 billion in new 30-year fixed rate mortgages for subprime borrowers, top economists answer media questions about how the psychology and neurobiology of individual investors affects the housing market.
Yale University economist Robert Shiller, who predicted the housing market crash in 2006, will answer questions along with Caltech economist Colin Camerer, one of the founders of a new field called neuroeconomics that studies brain scans to understand economic decision making, and economist Nancy Lutz, program director for economics at NSF.
What: Webcast highlighting the biological and behavioral dimensions of the nation's mortgage crisis
When: July 29, 2009, at 11:30 a.m. EDT
Where: Media can call 866-844-9416 to participate in the webcast by phone. The verbal passcode for callers is NSF. Media can take part in the webcast online by going to http://www.science360.gov/live. Please note: A username and password will not be required to access this page on July 29. All are encouraged to submit questions in advance at webcast@nsf.gov.
Who: Robert Shiller, behavioral economist at Yale University; Colin Camerer behavioral and neuro economist at Caltech, and NSF economist Nancy Lutz.
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