Long-term thinking in markets: The CAPE Ratio®

Robert Shiller is an American economist, best-selling author and Sterling Professor Emeritus of Economics, Professor of Finance, and Fellow at the International Centre for Finance at Yale University. Robert Shiller is ranked among the 100 most influential economists in the world. In 2010, he was named a top global thinker by Foreign Policy magazine, and in 2011, he was listed by Bloomberg as one of the 50 most influential people in global finance. He was jointly responsible for developing the Standard & Poor's/Case-Shiller Home Price Indices for key metropolitan regions in the U.S. The indices are widely used in academic research as well as investment management and are considered benchmarks for housing sentiment. Robert Shiller writes a column for the New York Times, he writes a column “Finance in the 21st Century” for Project Syndicate, which publishes around the world. He is a frequent guest on Bloomberg and CNBC. His publications include “Irrational Exuberance” and “Narrative Economics”.

Laurence Black is an index advisor to Robert J. Shiller, Sterling Professor of Economics and Finance Emeritus at Yale University. He is also the founder of The Index Standard®. Before founding The Index Standard®, Laurence was a Managing Director and Head of Quantitative Indices and Strategies at Barclays where he oversaw the development of the Barclays index family. In addition to designing some of the first smart beta/factor indices, Laurence spearheaded Barclays' index partnerships with Professors Robert Shiller and Nouriel Roubini, as well as Novus Partners.

Derek Shiller is a researcher specializing in philanthropic cause prioritization at the think tank Rethink Priorities. He holds a PhD in philosophy from Princeton University, where his dissertation focused on the philosophy of probability, and a bachelor's degree in Mathematics and Philosophy from Yale University. Since 2022, he has served as an advisor to Nobel laureate Robert Shiller on Barclays index development projects, co-developing several Shiller indices, including the Shiller Long-Short and Shiller Tilt versions. He brings extensive technical experience as a software engineer and AI specialist. His interdisciplinary background in philosophy, quantitative modeling, and artificial intelligence allows him to bridge theoretical research with practical applications in index design and data-driven policy analysis.

Ben shiller is a tenured associate professor in the Department of Economics at Brandeis University. He received his B.A. from Brandeis University and his Ph.D. from the Wharton School of the University of Pennsylvania. He is also a CESifo Research Network Affiliate and previously held visiting fellow positions at the National Bureau of Economic Research and Harvard Business School. His research in the field of economics of digitization has been covered in the press by notable publications such as The Economist, Forbes Magazine, The Guardian, VOX EU, and The Washington Post, and has been incorporated in a White House Policy Report.