For how long can the US housing market handle 7% mortgage rates?

Look what popped up! In May 2013, after my 10-year-old daughter meticulously listed 22 things I had missed during that school year—from her first day of classes to her inaugural soccer match—she got her yearbook, pointed to a specific photo, and simply said, “Even when you are

"De las tendencias que son nocivas para la economía sólida, la más seductora y, en mi opinión, la más venenosa, es enfocarse en cuestiones de distribución... [D]el vasto incremento en el bienestar de cientos de millones de personas que ha ocurrido durante los 200 años de la

"It would never occur to people with academic degrees and professorships that they are both ignorant and incompetent in vast areas of human life, much less that they should keep that in mind before they vent their emotions and wax self-righteous." — Thomas Sowell

"Some of the most vocal critics of the way things are being done are people who have done nothing themselves, and whose only contributions to society are their complaints and moral exhibitionism." — Thomas Sowell

“One of the great mistakes is to judge policies and programs by their intentions rather than their results.” — Milton Friedman

Do you agree?

Our next Chicago School in Experimental Economics summer programs are coming! One will take place at the University of Bonn on September 7-11, and the other will take place at the University of Chicago on September 13-17. The summer school is an intensive one-week course based

Can confirm this story. As head trader at Enron when it filed for bankruptcy, I received many calls from firms that were recruiting. I was busy trying to close out the trading book and wanted to take some time to decide my future so didn’t take any meetings. But Citadel was by

Correct.

Naa, no podes meter ese pase 🐐

**Data-for-Analytics Partnership Opportunity** Are you interested in running field experiments but aren't quite sure how to get started? Do you have interesting organizational data but lack the analytical firepower to extract insights? In September 2025, I'll be hosting a team

Everyone’s talking about Erik Brynjolfsson, Bharat Chandar & Ruyu Chen’s excellent new paper Canaries in the Coal Mine. It shows entry-level jobs shrinking in AI-exposed occupations. But wait: earlier studies found AI helps novices most. So why are entry-level jobs disappearing? (1/n)

This is, because that is This is not, because that is not. They are like this, because we are like that They are not like this, because we are not like that. - Buddha We are all made of one same substance; a shared humanity. The only enemy is our forgetfulness of that reality.

Why Don't Struggling Students Do Their Homework? In a new study we use a field experiment to identify a structural model of learning. We find that low productivity, not low motivation, is the stronger predictor of academic struggles. Importantly, school quality augments

Quite happy to report that Blurb #2 is in for my new Experimental Economics textbook. From none other than the indomitable Ernst Fehr: "This advanced textbook offers a rigorous and comprehensive exploration of the methodological design of laboratory and field experiments. It