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Media Advisory 09-021
'Til Mortgage Do Us Part: The Science

Economists discuss human dimensions of nation's mortgage crisis

Text and Background Photo: July 29, 2009, Til Mortgage Do Us Part: The Science

Top economists answer media questions about the nation's mortgage crisis in a July 29 webcast.
Credit and Larger Version

July 23, 2009

View a Webcast of economists discussing the housing market crisis.

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.

-NSF-

Media Contacts
Bobbie Mixon, NSF, (703) 292-8070, bmixon@nsf.gov

Program Contacts
Nancy A Lutz, NSF, (703) 292-7280, nlutz@nsf.gov
Jacqueline Meszaros, NSF, (703) 292-7261, jmeszaro@nsf.gov

The National Science Foundation (NSF) is an independent federal agency that supports fundamental research and education across all fields of science and engineering. In fiscal year (FY) 2014, its budget is $7.2 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives about 50,000 competitive requests for funding, and makes about 11,500 new funding awards. NSF also awards about $593 million in professional and service contracts yearly.

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Economists discuss psychological and neurobiological aspects of nation's mortgage crisis.
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Economists discuss psychological and neurobiological aspects of nation's mortgage crisis.
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