The Technological Elements of Artificial Intelligence -- by Matt Taddy
We have seen in the past decade a sharp increase in the extent that companies use data to optimize their businesses. Variously called the `Big Data' or `Data Science' revolution, this has been...
View ArticleMaking Big Changes: The Impact of Moves on Marriage among U.S. Army Personnel...
We use exogenously determined, long-distance relocations of U.S. Army soldiers to investigate the impact of moving on marriage. We find that marriage rates increase sharply around the time of a move in...
View ArticleAnalyzing the Risk of Transporting Crude Oil by Rail -- by Charles F. Mason
In this paper, I combine data on incidents associated with rail transportation of crude oil and detailed data on rail shipments to appraise the relation between increased use of rail to transport crude...
View ArticleCollateral Damage -- by Gary B. Gorton, Toomas Laarits
A financial crisis is an event in which the holders of short-term debt come to question the collateral backing that debt. So, the resiliency of the financial system depends on the quality of that...
View ArticleDo Proxies for Informed Trading Measure Informed Trading? Evidence from...
This paper exploits hand-collected data on illegal insider trades to test whether standard illiquidity measures can detect informed trading. Controlling for unobserved cross-sectional and time-series...
View ArticleIntergenerational Spillovers in Disability Insurance -- by Gordon B. Dahl,...
Does participation in a social assistance program by parents have spillovers on their children's own participation, future labor market attachment, and human capital investments? While...
View ArticleNatural Gas Price Elasticities and Optimal Cost Recovery Under Consumer...
Half of American households heat their homes with natural gas furnaces and 43% use it to heat their water. Hence, understanding residential natural gas consumption behavior has become a first-order...
View ArticleEarnings Test, Non-actuarial Adjustments and Flexible Retirement -- by Axel...
In response to the challenges of increasing longevity, an obvious policy response is to gradually increase the statutory eligibility age for public pension benefits and to shut down pathways to early...
View ArticleDecision Fatigue and Heuristic Analyst Forecasts -- by David Hirshleifer,...
Psychological evidence indicates that decision quality declines after an extensive session of decision-making, a phenomenon known as decision fatigue. We study whether decision fatigue affects...
View ArticleUsing Online Prices for Measuring Real Consumption Across Countries -- by...
We show that online prices can be used to construct quarterly purchasing power parities (PPPs) with a closely-matched set of goods and identical methodologies in a variety of developed and developing...
View ArticleAncient Origins of the Global Variation in Economic Preferences -- by Anke...
Variation in economic preferences is systematically related to both individual and aggregate economic outcomes, yet little is known about the origins of the worldwide preference variation. This paper...
View ArticleDo Discrete Choice Approaches to Valuing Urban Amenities Yield Different...
Amenities that vary across cities are typically valued using either a hedonic model, in which amenities are capitalized into wages and housing prices, or a discrete model of household location choice....
View ArticleKaldor and Piketty's Facts: The Rise of Monopoly Power in the United States...
The macroeconomic data of the last thirty years has overturned at least two of Kaldor's famous stylized growth facts: constant interest rates, and a constant labor share. At the same time, the research...
View ArticleRemarks of CFTC Chief of Staff Michael Gill at the National Press Club, CFTC...
Remarks of CFTC Chief of Staff Michael Gill at the National Press Club, CFTC Kiss Policy Forum, Washington, D.C.
View ArticleCommunicate Goals, Then Test for Understanding & Learn from Your Audience
Leaders often assume that people at all levels understand the organization's goals and objectives. Is that presumption correct? In too many cases, it is not. What happens? First, leaders do not...
View ArticleInto the Dark Pool: $30 Million ICO Could Pave Way for Huge Crypto Trades
Whales rejoice â a new project called Republic Protocol could enable large trades between ether, bitcoin and other cryptos that aren't possible today.
View ArticleChina's State Media Takes Aim at Crypto Trading, ICOs
China's state-owned news agency is taking aim at over-the-counter and crypto-to-crypto trading that still remains active in the country.
View ArticleCryptos Go Green as Market Cap Holds Above $400 Billion
The crypto markets have begun the week on a positive note, with the total market capitalization of all currencies consolidating around $430 billion.
View ArticleBCS Americas Announces New York Stock Exchange (NYSE) Membership
BCS Americas, a division of BCS Global Markets, announced today that it has become a registered member firm of the New York Stock Exchange (NYSE) as a Trading Floor broker. By joining the NYSE, the...
View ArticleFIA: January 2018 SEF Tracker
Total trading volume on SEFs averaged $829.6 billion in notional value per day during the month of January, up 77.0% from the previous month and up 52.8% from January 2017. Trading activity in both...
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