David Cesarini
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David Cesarini
David Alexander Cesarini is an associate professor in the Department of Economics & Center for Experimental Social Science at New York University, a Faculty Research Fellow at the National Bureau of Economic Research, as well as affiliated researcher at the Research Institute for Industrial Economics (IFN). He is an empirically oriented economist with interests in social-science genetics, applied microeconomics and behavioral economics—especially known for his research in genoeconomics and the heritability Heritability is a statistic used in the fields of breeding and genetics that estimates the degree of ''variation'' in a phenotypic trait in a population that is due to genetic variation between individuals in that population. The concept of h ... of economic behaviors and attitudes, such as investing decisions and confidence. His early work on genetics and social science applied methods from behavior genetics to various economic outcomes. These studies sought to infer ...
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New York University
New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the non-denominational all-male institution began its first classes near City Hall based on a curriculum focused on a secular education. The university moved in 1833 and has maintained its main campus in Greenwich Village surrounding Washington Square Park. Since then, the university has added an engineering school in Brooklyn's MetroTech Center and graduate schools throughout Manhattan. NYU has become the largest private university in the United States by enrollment, with a total of 51,848 enrolled students, including 26,733 undergraduate students and 25,115 graduate students, in 2019. NYU also receives the most applications of any private institution in the United States and admission is considered highly selective. NYU is organized int ...
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Behavioral Economics
Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. The study of behavioral economics includes how market decisions are made and the mechanisms that drive public opinion. The concepts used in behavioral economics today can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behavio ...
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Microeconomics
Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the national economy as whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national policies relating to these issues. Microeconomics also deal ...
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Massachusetts Institute Of Technology
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the most prestigious and highly ranked academic institutions in the world. Founded in response to the increasing industrialization of the United States, MIT adopted a European polytechnic university model and stressed laboratory instruction in applied science and engineering. MIT is one of three private land grant universities in the United States, the others being Cornell University and Tuskegee University. The institute has an urban campus that extends more than a mile (1.6 km) alongside the Charles River, and encompasses a number of major off-campus facilities such as the MIT Lincoln Laboratory, the Bates Center, and the Haystack Observatory, as well as affiliated laboratories such as the Broad and Whitehead Institutes. , 98 ...
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David Laibson
David Isaac Laibson (born June 26, 1966) is a professor of economics at Harvard University, where he has taught since 1994. His research focuses on macroeconomics, intertemporal choice, behavioral economics, and neuroeconomics. In 2016, he became chairman of the Harvard economics department. Laibson was raised by Ruth and Peter Laibson in Haverford, Pennsylvania. He received an AB (''summa'') from Harvard in 1988, studying under Benjamin M. Friedman, and went on to win a Marshall Scholarship to study at the London School of Economics ( MSc in Econometrics and Mathematical Economics). He received his PhD from MIT in 1994 and joined the faculty at Harvard once he graduated. He has since gained tenure. He is married to the mathematician Nina Zipser, and they have a son, Max. At Harvard, he teaches Economics 2030: Psychology and Economics. He also co-teaches Economics 10, the year-long introductory economics class at Harvard, together with Jason Furman. His research has been pub ...
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Drazen Prelec
Drazen Prelec (born 1955 in Yugoslavia) is a professor of management science and economics in the MIT Sloan School of Management, and holds appointments in the Department of Economics and in the Department of Brain and Cognitive Sciences at MIT as well. He is a pioneer in the field of neuroeconomics. Prelec studied applied mathematics as an undergraduate at Harvard University, and went on to earn a Ph.D. from Harvard in experimental psychology, supervised by Richard Herrnstein and Duncan Luce Robert Duncan Luce (May 16, 1925 – August 11, 2012) was an American mathematician and social scientist, and one of the most preeminent figures in the field of mathematical psychology. At the end of his life, he held the position of Distingui .... He was a Junior Fellow of the Harvard Society of Fellows and was a Guggenheim Fellow. He joined the MIT faculty in 1991. Prelec has made seminal contributions to theories of intertemporal choice, in particular the generalized theory o ...
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Genoeconomics
Genoeconomics is an interdisciplinary field of protoscience that combines molecular genetics and economics. Genoeconomics is based on the idea that economic indicators have a genetic basisthat a person's financial behaviour can be traced to their DNA and that genes are related to economic behaviour. As of 2015, the results have been inconclusive. Some minor correlations have been identified between genetics and economic preferences. History The word ''genoeconomics'' was coined in 2007. The field of economics and the economic indicators used by economists predate the Empiricist Age. Genoeconomics adds biological foundations to these traditional economic indicators. Quantitative genetic data was not available to researchers until the year 2000, when the human genome was sequenced as part of the Human Genome Project. Genetic milestones of the late 20th and early 21st century, such as the sequencing of the human genome, has spurred interest in research combining economics ...
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Heritability
Heritability is a statistic used in the fields of breeding and genetics that estimates the degree of ''variation'' in a phenotypic trait in a population that is due to genetic variation between individuals in that population. The concept of heritability can be expressed in the form of the following question: "What is the proportion of the variation in a given trait within a population that is ''not'' explained by the environment or random chance?" Other causes of measured variation in a trait are characterized as environmental factors, including observational error. In human studies of heritability these are often apportioned into factors from "shared environment" and "non-shared environment" based on whether they tend to result in persons brought up in the same household being more or less similar to persons who were not. Heritability is estimated by comparing individual phenotypic variation among related individuals in a population, by examining the association between ind ...
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Social Science Genetic Association Consortium
The Social Science Genetic Association Consortium, abbreviated SSGAC, is a consortium of scientists dedicated to studying the role of genetics in important life outcomes in the social sciences. It has received media coverage for its research looking for genetic variants associated with educational attainment. For instance, the Consortium's first study, published in 2013, found three such variants in a sample of 101,000 people. The SSGAC was founded by Daniel Benjamin (University of Southern California), David Cesarini (New York University), and Philipp Koellinger (VU Amsterdam). According to Benjamin, "One major impetus for the formation of the SSGAC was the growing recognition that most effects of individual genetic markers on behavioral traits are very small and that, consequently, very large samples are required to accurately detect them". It was founded during a meeting of the Cohorts for Heart and Aging Research in Genomic Epidemiology Cohorts for Heart and Aging Research in ...
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21st-century American Economists
The 1st century was the century spanning AD 1 ( I) through AD 100 ( C) according to the Julian calendar. It is often written as the or to distinguish it from the 1st century BC (or BCE) which preceded it. The 1st century is considered part of the Classical era, epoch, or historical period. The 1st century also saw the appearance of Christianity. During this period, Europe, North Africa and the Near East fell under increasing domination by the Roman Empire, which continued expanding, most notably conquering Britain under the emperor Claudius ( AD 43). The reforms introduced by Augustus during his long reign stabilized the empire after the turmoil of the previous century's civil wars. Later in the century the Julio-Claudian dynasty, which had been founded by Augustus, came to an end with the suicide of Nero in AD 68. There followed the famous Year of Four Emperors, a brief period of civil war and instability, which was finally brought to an end by Vespasian, ninth Roman empero ...
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New York University Faculty
New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, 1995 Songs * "New" (Daya song), 2017 * "New" (Paul McCartney song), 2013 * "New" (No Doubt song), 1999 *"new", by Loona from '' Yves'', 2017 *"The New", by Interpol from ''Turn On the Bright Lights'', 2002 Acronyms * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, a conservative university women's organization * Next Entertainment World, a South Korean film distribution company Identification codes * Nepal Bhasa language ISO 639 language code * New Century Financial Corporation (NYSE stock abbreviation) * Northeast Wrestling, a professional wrestling promotion in the northeastern United States Transport * New Orleans Lakefront Ai ...
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Behavioral Economists
Behavior (American English) or behaviour (British English) is the range of actions and mannerisms made by individuals, organisms, systems or artificial entities in some environment. These systems can include other systems or organisms as well as the inanimate physical environment. It is the computed response of the system or organism to various stimuli or inputs, whether internal or external, conscious or subconscious, overt or covert, and voluntary or involuntary. Taking a behavior informatics perspective, a behavior consists of actor, operation, interactions, and their properties. This can be represented as a behavior vector. Models Biology Although disagreement exists as to how to precisely define behavior in a biological context, one common interpretation based on a meta-analysis of scientific literature states that "behavior is the internally coordinated responses (actions or inactions) of whole living organisms (individuals or groups) to internal and/or external stim ...
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