Economics Amplified (audio)

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Luigi Zingales, the Robert C. McCormack Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business, gives an informal talk on the future of the euro and the difficulties of mending a flawed currency union.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. This panel brings together experts in information architecture, statistical methodology, and the economics of the internet in order to consider how “big data” is shaping the 21st century economy.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Gregor Matvos, Associate Professor of Finance at Chicago Booth, explains his study of the recent episode of bank failures and offers simple facts to better understand who acquires failed banks and which forces drive the losses that the FDIC realizes from these sales.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. At the turn of the millennium, the United Nations set a list of eight Millennium Development Goals, to be accomplished over 2001-15. In 2015 it will pick a new slate of goals. Nancy Stokey, the Frederick Henry Prince Distinguished Service Professor in Economics and the College at the University of Chicago, assesses the success in accomplishing the first set of goals and discusses some of the issues in choosing the next set.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In a talk to MBA students, Eric Budish, Associate Professor of Economics at the University of Chicago Booth School of Business, discusses the arms race between high-frequency traders and whether the ceaseless drive for faster connection speeds encouraged by the current market’s continuous trading model is actually a failure of our financial markets.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Financial integration among different national economies creates the risk of contagious international crises. In a talk to undergraduates, Maurice Obstfeld discusses recent crises, why they occur, and what countries can do to reduce their probability.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Robert Engle discusses the statistical tools for research and analysis of risk that he has developed and published via V-LAB, an innovative public web site where daily estimates of volatilities and correlations for more than a thousand assets can be found.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In this informal talk, William Nordhaus, Sterling Professor of Economics at Yale University and author of two widely used models of the economics of climate change, makes the case for using markets to mitigate the issue of global climate change by putting a price on pollution.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Tobias J. Moskowitz, the Fama Family Professor of Finance at the University of Chicago Booth School of Business, studies asset pricing, portfolio choice, risk sharing, market efficiency, real estate markets and finance, empirical corporate finance, and the business and analytics of sports. In this talk to MBA students, he examines the market for betting on major sporting events to see what lessons can be gleaned that might apply to the financial world.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. A crucial but insufficiently discussed aspect of the Affordable Care Act (ACA) is a ban on the use of pre-existing conditions for the pricing of health insurance contracts. Pierre-André Chiappori considers the implications of the new regulation, both in its ethical and in its economic dimensions.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Nobel Laureate Roger Myerson shares views on how incentives and hidden information add risk in the financial sector.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Fears that citizens are seeking news only from sources with views that match their own ideology are unfounded, according to Professor Jesse Shapiro’s evidence. This is good news for democracy, which requires well-informed citizens exposed to diverse views.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. When facing a grim diagnosis of a life-shortening incurable disease, ignorance may be bliss—or at least a desirable state—and knowledge will change your life choices, according to research by Emily Oster, a faculty member with the Institute’s Chicago Price Theory Initiative.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Thomas J. Sargent, co-recipient of the 2011 Nobel Prize in economics, outlines the early fiscal history of the United States, using detailed and entertaining tales of early financial crises and bailouts to illustrate today’s policy challenges.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. For decades or centuries, economists and decision theorists have struggled to use probability to understand how individuals respond to risk and ambiguity. When investors or consumers face a complex economic environment, it is challenging to represent the uncertainty they face with probability theory. At this Friedman Forum, Lars Peter Hansen, a leader in this field, demonstrates how to think about this problem—and why it matters.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. James J. Heckman, the Henry Schultz Distinguished Service Professor in Economics, is known for both his theoretical work and empirical research. In this Friedman Forum, he discusses an economist’s tools and approach, and shows how they can be applied to address serious policy issues.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. The recession of 2007 has thrown the domestic and global economy off a long-term historical growth path. In this Friedman Forum, 1995 Nobel Laureate Robert E. Lucas Jr. shares his viewpoint: that it’s not clear when or whether we will return to that level of growth.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Professor Erik Hurst discusses the United States’ massive decline in manufacturing employment and shows how the housing boom in the late 2000s masked what may be a permanent decline in employment rates.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Leading behavioral economist Richard Thaler, the Ralph and Dorothy Keller Distinguished Service Professor of Behavioral Science and Economics, talks about how he found his way into this then-nonexistent field and how he came to study irrational economic behavior at UChicago, the home of efficient markets and rational expectations.