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Sendhil Mullainathan
Sendhil Mullainathan () (born c. 1973) is an American professor of economics at the Massachusetts Institute of Technology. He was a professor of Computation and Behavioral Science at the University of Chicago Booth School of Business from 2018-2024. He is the author of '' Scarcity: Why Having Too Little Means So Much'' (with Eldar Shafir). He was hired with tenure by Harvard in 2004 after having spent six years at MIT. Mullainathan is a recipient of a MacArthur Foundation "genius grant" and conducts research on development economics, behavioral economics, and corporate finance. He is co-founder of Ideas 42, a non-profit organization that uses behavioral science to help solve social problems, and J-PAL, the MIT Poverty Action Lab and has made extensive academic contributions through the National Bureau of Economic Research and has also worked in government at the Consumer Financial Protection Bureau (CFPB). In May 2018, he moved from Harvard to the University of Chicago Booth Sc ...
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Tamil Nadu, India
Tamil Nadu (; , TN) is the southernmost States and union territories of India, state of India. The List of states and union territories of India by area, tenth largest Indian state by area and the List of states and union territories of India by population, sixth largest by population, Tamil Nadu is the home of the Tamil people, who speak the Tamil language—the state's official language and one of the longest surviving Classical languages of India, classical languages of the world. The capital and largest city is Chennai. Located on the south-eastern coast of the Indian peninsula, Tamil Nadu is straddled by the Western Ghats and Deccan Plateau in the west, the Eastern Ghats in the north, the Eastern Coastal Plains lining the Bay of Bengal in the east, the Gulf of Mannar and the Palk Strait to the south-east, the Laccadive Sea at the southern Cape (geography), cape of the peninsula, with the river Kaveri bisecting the state. Politically, Tamil Nadu is bound by the Indian sta ...
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Eldar Shafir
Eldar Shafir (Hebrew: אלדר שפיר ''eldár shafír'', born 1959) is an American behavioral scientist, and the co-author of ''Scarcity: Why Having Too Little Means So Much'' (with Sendhil Mullainathan). He is the Class of 1987 Professor in Behavioral Science and Public Policy; Professor of Psychology and Public Affairs at Princeton University Department of Psychology and the Princeton School of Public and International Affairs, and Inaugural Director of Princeton’s Kahneman-Treisman Center for Behavioral Science and Public Policy. Shafir is a Faculty Associate at the Institute for Quantitative Social Science at Harvard University. He is co-founder, Board Member, and scientific director at Ideas42, a non-profit organization that uses behavioral science to help solve tough social problems. His main area of study is behavioral economics, that is, how the decisions people make affect their financial outcomes. His research has led him to the general conclusion that people often ...
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IDEAS/RePEc
Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, journal articles, and software components. The project started in 1997. Its precursor NetEc dates back to 1993. Overview RePEc provides links to over 4,400,000 full-text articles, working papers, books, book chapters and software components. Most contributions are freely downloadable, but copyright remains with the author or copyright holder. It is among the largest internet repositories of academic material in the world. the collected data is leveraged by several services, the main ones being the websites IDEAS and EconPapers for exploration of the bibliographic data, and the RePEc Author Service for author profiles and authority control. Many bibliographic providers also use all or part of the data. Materials to RePEc can be added thr ...
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Corporate Governance
Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may be defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, corporate law law, or management) often adopt narrow definitions that appear purpose specific. Writers concerned with regulatory policy in relation to corporate governance practices often use broader structural descriptions. A broad (meta) definition that encompasses many adopted definitions is "Corporate governance describes the processes, structures, and mechanisms that influence the control and direction of corporations." This meta definition accommodates both the narrow definitions used in specific contexts and the broader descriptions that are often presented as au ...
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Corruption
Corruption is a form of dishonesty or a criminal offense that is undertaken by a person or an organization that is entrusted in a position of authority to acquire illicit benefits or abuse power for one's gain. Corruption may involve activities like bribery, influence peddling, and embezzlement, as well as practices that are legal in many countries, such as lobbying. Political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Historically, "corruption" had a broader meaning concerned with an activity's impact on morals and societal well-being: for example, the ancient Greek philosopher Socrates was condemned to death in part for "corrupting the young". Contemporary corruption is perceived as most common in kleptocracies, oligarchies, narco-states, Authoritarianism, authoritarian states, and mafia states, however, more recent research and policy statements acknowledge that it also exists in wealthy capitalist e ...
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Discrimination
Discrimination is the process of making unfair or prejudicial distinctions between people based on the groups, classes, or other categories to which they belong or are perceived to belong, such as race, gender, age, class, religion, or sexual orientation. Discrimination typically leads to groups being unfairly treated on the basis of perceived statuses based on ethnic, racial, gender or religious categories. It involves depriving members of one group of opportunities or privileges that are available to members of another group. Discriminatory traditions, policies, ideas, practices and laws exist in many countries and institutions in all parts of the world, including some, where such discrimination is generally decried. In some places, countervailing measures such as quotas have been used to redress the balance in favor of those who are believed to be current or past victims of discrimination. These attempts have often been met with controversy, and sometimes been called re ...
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Video Rental Shop
A video rental shop/store is a physical retail business that rents home videos such as movies, prerecorded TV shows, video game cartridges/discs and other media content. Typically, a rental shop conducts business with customers under conditions and terms agreed upon in a rental agreement or contract, which may be implied, explicit, or written. Many video rental stores also sell previously viewed movies and/or new, unopened movies. In the 1980s, video rental stores rented VHS and Betamax tapes of movies; however, most stores dropped Betamax tapes when VHS won the format war late in the decade. In the 2000s, video rental stores began renting DVDs, a digital format with higher resolution than VHS. In the late 2000s, stores began selling and renting Blu-ray discs, a format that supports high definition resolution. Video rental stores have experienced a significant decline in the 21st century. Increasing accessibility of electronic medias in library circulation and widespre ...
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Security Clearance
A security clearance is a status granted to individuals allowing them access to classified information (state or organizational secrets) or to restricted areas, after completion of a thorough background check. The term "security clearance" is also sometimes used in private organizations that have a formal process to vet employees for access to sensitive information. A clearance by itself is normally not sufficient to gain access; the organization must also determine that the cleared individual needs to know specific information. No individual is supposed to be granted automatic access to classified information solely because of rank, position, or a security clearance.(Abiodun, 2006) Canada United Kingdom National Security Clearance types National Security Clearances are a hierarchy of levels, depending on the classification of materials that can be accessed—Baseline Personnel Security Standard (BPSS), Counter-Terrorist Check (CTC), Enhanced Baseline Standard (EBS), Se ...
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Aerospace Engineering
Aerospace engineering is the primary field of engineering concerned with the development of aircraft and spacecraft. It has two major and overlapping branches: aeronautical engineering and astronautical engineering. Avionics engineering is similar, but deals with the electronics side of aerospace engineering. "Aeronautical engineering" was the original term for the field. As flight technology advanced to include vehicles operating in outer space, the broader term "aerospace engineering" has come into use. Aerospace engineering, particularly the astronautics branch, is often colloquially referred to as "rocket science". Overview Flight vehicles are subjected to demanding conditions such as those caused by changes in atmospheric pressure and temperature, with structural loads applied upon vehicle components. Consequently, they are usually the products of various technological and engineering disciplines including aerodynamics, air propulsion, avionics, materials science, st ...
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Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, Payday loans in the United States, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the United States. The agency was originally proposed in 2007 by Elizabeth Warren while she was a law professor and she played an instrumental role in its establishment. The CFPB's creation was authorized by the Dodd–Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the 2008 financial crisis and the subsequent Great Recession, and is an independent bureau within the Federal Reserve. The agency has established or proposed rules to cap overdraft charges and credit card late fees; prohibit medical debt f ...
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Abdul Latif Jameel Poverty Action Lab
The Abdul Latif Jameel Poverty Action Lab (J-PAL) is a global research center based at the Massachusetts Institute of Technology aimed to reducing poverty by ensuring that policy is informed by rigorous, scientific evidence. J-PAL funds, provides technical support to, and disseminates the results of randomized controlled trials evaluating the efficacy of social interventions in Health economics, health, Education economics, education, Agricultural economics, agriculture, and a range of other fields. As of 2020, the J-PAL network consisted of 500 researchers and 400 staff, and the organization's programs had impacted over 400 million people globally. The organization has regional offices in seven countries around the world, and is headquartered near the Massachusetts Institute of Technology in Cambridge, Massachusetts. In 2019, the Nobel Memorial Prize in Economic Sciences was jointly awarded to J-PAL co-founders Esther Duflo and Abhijit Banerjee, alongside economist Michael Kremer ...
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Corporate Finance
Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to Shareholder value, maximize or increase valuation (finance), shareholder value.SeCorporate Finance: First Principles Aswath Damodaran, New York University's Stern School of Business Correspondingly, corporate finance comprises two main sub-disciplines. Capital budgeting is concerned with the setting of criteria about which value-adding Project#Corporate finance, projects should receive investment funding, and whether to finance that investment with ownership equity, equity or debt capital. Working capital management is the management of the company's monetary funds that deal with the short-term operating balance of current assets and Current liability, cu ...
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