

Xavier Gabaix
14 posts

@xgabaix
Prof. of economics, Harvard








When non-economists define behavioral economics they leave out foundational papers like this one which has the admirable goal of making economic theory more behavioral. NB: not written for lay readers.

Optimal Taxation With Behavioral Agents - a magnificent 2020 paper by the late Emmanuel Farhi and Xavier Gabaix (one of the most important behavioral economics papers in recent years, I think). @jasonfurman @R_Thaler pubs.aeaweb.org/doi/pdf/10.125…

Thread on "In Search of the Origins of Financial Fluctuations" by @xgabaix and @rkoijen. One of the most exciting agendas in asset pricing. See video (youtube.com/watch?v=OQnHos…). They estimate $1b investment in market -> $10b increase in price. How? 1/




Tomorrow on virtualfinance.org, Xavier Gabaix @xgabaix takes us along on his search for the origins of financial fluctuations.