Seminars at Columbia

Tuesday September 5th

12:30pm to 1:45pm - Uris 307
Columbia Macro Lunch Group - Michael Woodford 
Title Not Available

2:15pm to 3:45pm - 1101 IAB
Industrial Organization and Strategy - Florian Ederer (Yale University)
Common Ownership, Competition, and Top Management Incentives (with Miguel Anton, Mireia Gine and Martin Schmalz)

4:15pm to 5:45pm - 1101 IAB
Money-Macro Workshop - Gabriel Chodorow-Reich (Harvard University)
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy

Thursday September 7th

2:15pm to 3:45pm - Uris 333
Finance Seminar - Manuel Adelino (Duke University) 
Are Lemons Sold First? Dynamic Signaling in the Mortgage Market

Article of the Week
Why consumers make bad financial decisions, and how to help
A group of researchers, including Abigail Sussman of the University of Chicago Booth School of Business, show in their new paper that financial mistakes happen when consumers fail to examine all of their choices when making monetary decisions. Trust and social context are shown to also play a role in bad decisions. Consumers sometimes either have too much trust in financial advisers or too little trust. Additionally, they may be motivated to make choices in part based on how others perceive their decisions. The paper provides solutions that institutions and employers can implement to help the public make better financial choices.