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DTSTART:20070311T020000
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DTSTAMP:20250422T102015
DTSTART;TZID=America/Detroit:20250422T110000
DTEND;TZID=America/Detroit:20250422T120000
SUMMARY:Conference / Symposium:Winter '25 Coaching Corner Workshops
DESCRIPTION:Coaching Corner workshops are for students connected with Student Accessibility & Accommodation Services (SAAS). This workshop series is hosted and facilitated by Academic Support & Access Partnerships (ASAP)\, a department within SAAS.The workshops cover various topics\, including but not limited to executive functioning skills\, study skills\, and disability & neurodivergence related topics.
UID:131733-21876356@events.umich.edu
URL:https://events.umich.edu/event/131733
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Sessions
LOCATION:
CONTACT:
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DTSTAMP:20250415T150949
DTSTART;TZID=America/Detroit:20250422T112000
DTEND;TZID=America/Detroit:20250422T125000
SUMMARY:Workshop / Seminar:Quick-Fixing: Near-Rationality in Consumption and Savings Behavior
DESCRIPTION:When optimizing consumption-savings decisions is costly\, people may instead rely on quick-fixes\, simple policy functions that avoid these costs. We introduce a model of quick-fixing. To study it empirically\, we field a novel survey that measures households’ consumption policy functions in response to income shocks. Almost 70% of households follow one of four simple quick-fixes that fully consume or fully save out of small shocks\, but they abruptly adjust their behavior for large shocks. This behavior accounts for almost half of the cross-sectional variance in marginal propensities to consume\, but is poorly predicted by other demographic and economic information. In an incomplete-markets model calibrated to match our evidence\, we find that quick-fixing is near-rational: the average opportunity cost of quick-fixing is only $17 per quarter. Yet\, this small\, empirically realistic deviation from the rational model significantly alters aggregate consumption responses to income shocks of varying sizes.
UID:130229-21865616@events.umich.edu
URL:https://events.umich.edu/event/130229
CLASS:PUBLIC
STATUS:CONFIRMED
CATEGORIES:Economics,Macroeconomics
LOCATION:Lorch Hall - 201
CONTACT:
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