@ARTICLE{26543120_119911034_2014, author = {Sergey Gelman and Carsten Sprenger}, keywords = {, asset pricing, efficient markets hypothesis, generalized method of moments, financial market bubblesindex funds}, title = {What should be the Price of Assets? Nobel Prizes in Economics 2013}, journal = {HSE Economic Journal }, year = {2014}, volume = {18}, number = {1}, pages = {160-172}, url = {https://ej.hse.ru/en/2014-18-1/119911034.html}, publisher = {}, abstract = {This paper reviews the contribution of Eugene Fama, Lars Hansen and Robert Shiller to financial asset pricing research. We show how the Nobel prize winners have changed the approach to asset pricing research, as well as the views of academic economists and investors about price predictability and the risk-return relationship.}, annote = {This paper reviews the contribution of Eugene Fama, Lars Hansen and Robert Shiller to financial asset pricing research. We show how the Nobel prize winners have changed the approach to asset pricing research, as well as the views of academic economists and investors about price predictability and the risk-return relationship.} }