Monday, February 2023
Model-free and Model-based Learning as Joint Drivers of Investor Behavior” (with Lawrence Jin, Cornell University)
In the past decade, researchers in psychology and neuroscience studying human decision-making have increasingly adopted a framework that combines two systems, namely “model-free” and “model-based” learning. We import this framework into a simple financial setting, study its properties, and link it to a range of applications. We show that it provides a foundation for extrapolative demand and experience effects; resolves a puzzling disconnect between investor allocations and beliefs in both the frequency domain and the cross-section; helps explain the dispersion…
Find out more »CFM-PER Alternative Data Initiative: Global value chains under the shadow of Covid
Register here: https://events.columbia.edu/go/CFM_PER_ADI Covid brought massive disruptions to the intricate web of global value chains setting off bottlenecks and inflation in its wake. The broader impact on inflation and the global economy is hotly debated. This event will feature a lecture by Hyun Song Shin, Economic Adviser and Head of Research at the Bank of International Settlements, who has been one of the influential voices in this debate. He has been at the forefront of using data on supply chains to…
Find out more »PER Co-sponsored Conference: The Credibility of Government Policies: Conference in Honor of Guillermo Calvo
Please click through for program and registration details.
Find out more »Thursday, March 2023
PER Co-sponsored Book Talks: Claudia Goldin
Big Ideas Book Series with Claudia Goldin discussing Career and Family: Women’s Century-Long Journey toward Equity Thursday, March 9, 2023 4:15-5:45pm ET The Forum at Columbia University 601 W 125th Street, Room 315 Register here: https://www.eventbrite.com/e/big-ideas-book-series-with-claudia-goldin-tickets-522594071937
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