David Laibson | |
---|---|
Born | June 26, 1966 |
Nationality | American |
Education | Harvard University (BA) London School of Economics (MSc) Massachusetts Institute of Technology (PhD) |
Academic career | |
Institution | Harvard University |
Field | Macroeconomics Behavioral economics |
Doctoral advisor | Olivier Jean Blanchard [1] Roland Bénabou [1] |
Influences | Benjamin M. Friedman Matthew Rabin |
Information at IDEAS / RePEc |
David Isaac Laibson (born June 26, 1966) is an American economist and professor at Harvard University, where he has taught since 1994. His research focuses on macroeconomics, intertemporal choice, behavioral economics, and neuroeconomics. In 2016, he became chairman of the Harvard economics department.
Laibson was raised by Ruth and Peter Laibson in Haverford, Pennsylvania. He received an AB (summa) from Harvard in 1988, studying under Benjamin M. Friedman, and went on to win a Marshall Scholarship to study at the London School of Economics (MSc in Econometrics and Mathematical Economics). He received his PhD from MIT in 1994 and joined the faculty at Harvard once he graduated. He has since gained tenure. He is married to the mathematician Nina Zipser, and they have a son, Max.
At Harvard, he teaches Economics 2030: Psychology and Economics. He also co-teaches Economics 10, the year-long introductory economics class at Harvard, together with Jason Furman. [2] His research has been published in prestigious journals such as the QJE , AER , JEP , Econometrica , and Science .
Richard Julius Herrnstein was an American psychologist at Harvard University. He was an active researcher in animal learning in the Skinnerian tradition. Herrnstein was the Edgar Pierce Professor of Psychology until his death, and previously chaired the Harvard Department of Psychology for five years. With political scientist Charles Murray, he co-wrote The Bell Curve, a controversial 1994 book on human intelligence. He was one of the founders of the Society for Quantitative Analysis of Behavior.
Matthew Joel Rabin is the Pershing Square Professor of Behavioral Economics in the Harvard Economics Department and Harvard Business School. Rabin's research focuses primarily on incorporating psychologically more realistic assumptions into empirically applicable formal economic theory. His topics of interest include errors in statistical reasoning and the evolution of beliefs, effects of choice context on exhibited preferences, reference-dependent preferences, and errors people make in inference in market and learning settings.
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Roland Bénabou is a French economist, who is currently the Theodore A. Wells '29 Professor of Economics and Public Affairs at Princeton University. He is also a research associate at the Collège de France.
The 2021 Nobel Memorial Prize in Economic Sciences was divided one half awarded to the American-Canadian David Card "for his empirical contributions to labour economics", the other half jointly to Israeli-American Joshua Angrist and Dutch-American Guido W. Imbens "for their methodological contributions to the analysis of causal relationships." The Nobel Committee stated their reason behind the decision, saying:
"This year's Laureates – David Card, Joshua Angrist and Guido Imbens – have shown that natural experiments can be used to answer central questions for society, such as how minimum wages and immigration affect the labour market. They have also clarified exactly which conclusions about cause and effect can be drawn using this research approach. Together, they have revolutionised empirical research in the economic sciences."
The 2019 Nobel Memorial Prize in Economic Sciences was awarded jointly to the economist couple Abhijit Banerjee, Esther Duflo-Banerjee and their colleague Michael Kremer "for their experimental approach to alleviating global poverty". Banerjee and Duflo are the sixth married couple to jointly win a Nobel Prize. The press release of the Royal Swedish Academy of Sciences noted:
"The research conducted by this year's Laureates has considerably improved our ability to fight global poverty. In just two decades, their new experiment-based approach has transformed development economics, which is now a flourishing field of research. They have laid the foundations of the best way to design measures that reduce global poverty"