'Til Mortgage Do Us Part: The Science
Economists discuss human dimensions of nation's mortgage crisis
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.
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) 2016, its budget is $7.5 billion. NSF funds reach all 50 states through grants to nearly 2,000 colleges, universities and other institutions. Each year, NSF receives more than 48,000 competitive proposals for funding and makes about 12,000 new funding awards. NSF also awards about $626 million in professional and service contracts yearly.
Useful NSF Web Sites: