Ray Fisman
@RFisman
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Economics professor at BU. I mostly study hidden influence in U.S. politics. Some people call it corruption. I don't disagree. https://t.co/lkG7M4PHgb
Joined March 2013
REStat will sponsor 5 early-career researchers with the aim of broadening the set of scholars who are able to participate in the applied microeconomics research meetings at the 2025 NBER Summer Inst. Applications due May 1st: https://t.co/vqT4y4LKch
#econtwitter @RFisman
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“If policy favors those who are in cahoots with the government, as opposed to focusing on the most productive use of resources, the country risks economic stagnation,” write Filipe Campante and @RFisman. Read:
nytimes.com
The fealty that corporate chieftains are showing the new president is a worrying sign for our economy.
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.@raffasadun had the genius idea that they should actually hire Larry Culp for making government work better, if they're going to bring in anyone from business: (4/4)
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They wouldn't let me quote "some random person" from twitter @sabrinacartan had to have her brilliant tweet tweaked (3/4): https://t.co/Bi8g0G5Pvm (I've used the house-renovator-taking-down-load-bearing-wall metaphor also... https://t.co/jeONxmvmad though she put it better...)
danpink.com
There's lots to dislike about the modern workplace. Dunderheaded managers. Snarls of bureaucracy. And all those endless meetings. But Ray Fisman and Tim Sullivan say all those threats to our sanity...
this is like watching an amateur house flipper tear down a load-bearing wall
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Lots was cut from this for length, so I want to self-indulgently mention here: @JustinWolfers genius tweet from way back (2/4):
Every MBA class I ever taught was blessed with a bro boasting of his ingenuity for thinking up this one big idea
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My small part in trying to get people to understand why it seems like running government like a business is a good idea, when in fact it's a terrible one (1/4):
nytimes.com
A lot of what the government does is hard to quantify and involves complicated tasks that inevitably require bureaucratic coordination and, yes, inefficiency.
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Come work with us at @NUEconomics! Elisa Jácome and I are hiring a full-time Pre-Doc starting in the summer 2025 to work on projects on labor economics, public economics, economic history and political economy. More info attached! Apply here: https://t.co/N5SzxWrhKg.
@econ_ra
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Jane Street, as it's retold in Going Infinite, loses 300M on the bets, which were on overall market movements. But you could surely still profit from going long or short in particular industries.
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In Going Infinite, Michael Lewis suggests that @JaneStreetGroup was able to call the 2016 election before the networks but aggregating local polling data. Are others now using the same data/methods? And if so, is it the networks or other funds or both?
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A reminder that the electoral college drastically raises the chances of knife-edge elections:
direct.mit.edu
Abstract. Close elections are important for many reasons, including that consequent election disputes can weaken democratic legitimacy and risk political violence. We quantify the probability of...
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Very happy to announce that the 🚨CBS-Princeton Money in Politics Conference 🚨 will be held June 19-20, 2025 in Copenhagen. If you work on this, no matter the context, send us your papers before January 10, 2025. Link to the call in the next tweet
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🚨Job🚨 Interested in working 2 years in beautiful Copenhagen with an excellent group of political economists? @JStuckatz and I are hiring a postdoc for a revolving door project at @CBScph. Start: summer '25. No teaching. Deadline: January 5 '25 Link to job ad in next tweet
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#econtwitter can anyone help me with a simple comparison of Hartzmark & Sussman (JF19) vs Pastor et al (JFE22). There are differences for sure (indiv stocks vs funds etc), but one seems to say green outperformed brown, the other seems to say, roughly, the opposite?
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For anyone interested in organized crime and/or unions (and really, who isn't?) this looks awfully interesting:
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This is indeed a *very* interesting paper by @soumitrashukla9 on the role of socioeconomic background in access in top jobs. Caste-based discrimination based on personality "fit" at a multinational...
Been thinking a lot about hiring and @soumitrashukla9’s paper finding that discrimination is alive and well in elite hiring. Soum finds the bulk of discrimination against lower-caste job candidates emerges after amorphous, subjective “personality fit” interviews.
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BREAKING! @FrancescaGino's ridiculous defamation lawsuit against @DataColada from last year has been dismissed by the court! This is an important victory.. if this had been allowed to move forward it would have had a chilling effect on whistleblowers! https://t.co/YPX01cwuni
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🚨New Paper Alert!🚨 Voters dislike when politicians engage in corrupt behavior. But how do politicians themselves perceive and judge corruption? My new paper with @RFisman and @mgoldenProf looks at this question. 🧵1/12
Surveying politicians and citizens in Colombia, Italy, and Pakistan finds both groups express beliefs that corruption is common but undesirable — a shared dilemma, from @rfisman, @matteoferroni93, and @mgoldenprof
https://t.co/fGZoW3WLPK
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There has to be a great paper idea in here somewhere. In general, corruption in U.S. city politics is understudied... https://t.co/JrM7bw0W7p
nytimes.com
Prosecutors say that corruption is rising in California cities as one-party rule, inattentive voters and weakened news media have reduced the traditional checks on power.
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