Recognising that a number of climate models were predicting sea level rises of tens of centimetres by 2100, the scientist said some of the assumptions that underpinned the computer work and the global warming hypothesis in general would almost certainly need to be reviewed.
Neither Sapir nor Whorf formulated a definitive version of the hypothesis that bears their names, but in general the theory argues that the language we speak actually shapes our experience of reality.
With the recent explosion in behavioral finance and the shattering of our absolute trust of the efficient market hypothesis, Shiller explains Dodd-Frank and regulators in general is still lacking in recognizing our new understanding of the financial landscape.