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  • 23 Jul 2009
  • News

Foreclosure's unrelenting tide

  • March 2019
  • Article

Beliefs about Gender

By: Pedro Bordalo, Katherine Baldiga Coffman, Nicola Gennaioli and Andrei Shleifer
We conduct laboratory experiments that explore how gender stereotypes shape beliefs about ability of oneself and others in different categories of knowledge. The data reveal two patterns. First, men’s and women’s beliefs about both oneself and others exceed observed... View Details
Keywords: Performance Evaluation; Perspective; Prejudice and Bias; Gender
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  • 03 Jul 2009
  • News

Heavy Job Loss Prompts Stimulus Criticism

  • 20 Sep 2009
  • News

A foot in the door

  • 27 Oct 2009
  • News

Renters get little relief as demand increases

  • 28 Oct 2009
  • News

Housing gloom in state lifts a bit more

  • 03 Nov 2009
  • News

Real Estate Price Plunge Makes U.S. Homeownership Perilous Path

  • 2018
  • Working Paper

Diagnostic Bubbles

By: Pedro Bordalo, Nicola Gennaioli, Spencer Yongwook Kwon and Andrei Shleifer
We introduce diagnostic expectations into a standard setting of price formation in which investors learn about the fundamental value of an asset and trade it. We study the interaction of diagnostic expectations with two well-known mechanisms: learning from prices and... View Details
Keywords: Bubbles; Price Bubble; Mathematical Methods
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  • 01 Sep 2010
  • News

Noted & Quoted

90 and 95 percent of all the residential mortgages this year have been insured by, guaranteed by, or securitized by the government.” — HBS senior lecturer Nicolas Retsinas... View Details
Keywords: Securities, Commodities, and Other Financial Investments; Finance; Hospitals; Health, Social Assistance
  • 09 Nov 2009
  • News

The greatest real estate turnaround ever

  • 30 Dec 2009
  • News

Mass. home prices slip ever-so-slightly in October

  • 2024
  • Working Paper

How Inflation Expectations De-Anchor: The Role of Selective Memory Cues

By: Nicola Gennaioli, Marta Leva, Raphael Schoenle and Andrei Shleifer
In a model of memory and selective recall, household inflation expectations remain rigid when inflation is anchored but exhibit sharp instability during inflation surges, as similarity prompts retrieval of forgotten high-inflation experiences. Using data from the New... View Details
Keywords: Cognition and Thinking; Inflation and Deflation; Personal Finance
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  • 2025
  • Working Paper

A Cognitive Theory of Reasoning and Choice

By: Pedro Bordalo, Nicola Gennaioli, Giacomo Lanzani and Andrei Shleifer
We present a theory of decisions in which attention to the features of choice options is determined by the decision maker's categorization of the current choice problem in a set of problems she solved in the past. Categorization depends on goal-relevant as well as... View Details
Keywords: Cognition and Thinking; Perception; Decision Choices and Conditions
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  • September 2021
  • Article

Diagnostic Bubbles

By: Pedro Bordalo, Nicola Gennaioli, Spencer Yongwook Kwon and Andrei Shleifer
We introduce diagnostic expectations into a standard setting of price formation in which investors learn about the fundamental value of an asset and trade it. We study the interaction of diagnostic expectations with two well-known mechanisms: learning from prices and... View Details
Keywords: Bubble; Speculation; Diagnostic Expectations; Price Bubble; Mathematical Methods
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  • 29 Jul 2008
  • First Look

First Look: July 29, 2008

use oil price fluctuations to construct a new instrument to test the impact of transfers from wealthy OPEC nations to their poorer Muslim allies. The instrument identifies plausibly exogenous variation in foreign aid. We investigate how aid is spent View Details
Keywords: Martha Lagace
  • January 2007 (Revised May 2009)
  • Case

Kibera and the Kenya Slum Upgrading Project (A)

By: Nicolas P. Retsinas, Arthur I Segel, Marc Diaz and John Dean Shepherd
Kenya's Minister of Housing faces tremendous pressures in dealing with the pervasive housing troubles in his country. Kibera is the largest slum in Africa and home to more than 800,000 residents, yet only measures two square kilometers, roughly half the size of... View Details
Keywords: Construction; Housing; Urban Development; Poverty; Kenya
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  • Conference Presentation

U.S. Housing Market: What is Next? (BNY Mellon)

By: Nicolas P. Retsinas
Keywords: Housing; United States
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  • Article

Memory and Representativeness

By: Pedro Bordalo, Katherine Baldiga Coffman, Nicola Gennaioli, Frederik Schwerter and Andrei Shleifer
We explore the idea that judgment by representativeness reflects the workings of episodic memory, especially interference. In a new laboratory experiment on cued recall, participants are shown two groups of images with different distributions of colors. We find that i)... View Details
Keywords: Cued Recall; Interference; Similarity; Probabilistic Judgments; Heuristics And Biases
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  • 2021
  • Working Paper

Salience

By: Pedro Bordalo, Nicola Gennaioli and Andrei Shleifer
We review the fast-growing work on salience and economic behavior. Psychological research shows that salient stimuli attract human attention “bottom up” due to their high contrast with surroundings, their surprising nature relative to recalled experiences, or their... View Details
Keywords: Salience; Economic Behavior; Bottom Up Attention; Microeconomics; Decision Making; Behavior
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  • November 2016
  • Article

Stereotypes

By: Pedro Bordalo, Katherine Baldiga Coffman, Nicola Gennaioli and Andrei Shleifer
We present a model of stereotypes based on Kahneman and Tversky's representativeness heuristic. A decision maker assesses a target group by overweighting its representative types, which we formally define to be the types that occur more frequently in that group than in... View Details
Keywords: Prejudice and Bias
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