1. Why Employers Make You Opt-Out of Retirement Contributions and Banks Want You to Round Up Your Change: An Intro to Behavioral Finance

    March 6, 2017

    In their 2008 book Nudge, researchers Richard Thaler and Cass Sunstein distinguish between two types of individuals: humans and Econs. Econs are “these strange creatures” found only in economics textbooks. They are unemotional, smart and never have self-control problems. Humans, by contrast, are the type of people we interact with every day. They are emotional, Read more


  2. New U-M Interdisciplinary Clinic Assists Detroit Entrepreneurs

    February 2, 2017

    Two weeks ago, 22 students from the Law School, the Ross School of Business, and the Stamps School of Art & Design plus 10 faculty members from those same schools gathered in an unremarkable Ross classroom for what is the beginning of a remarkable experience: the launch of a new interdisciplinary clinic at the University Read more


  3. Big Data Conference Speakers Announced

    October 6, 2016

    The University of Michigan and U.S. Office of Financial Research are proud to present the speakers for this year’s Big Data in Finance conference: Richard Berner | Sendhil Mullainathan | Kara M. Stein | Lewis Alexander | Linda Avery | Robert Avery | Michael S. Barr | David Bholat | Thomas Brown | John W. Read more


  4. ERISA Advisory Council Testimony: Why Employees Roll Over Their Retirement Accounts Even When It Hurts Them

    October 4, 2016

    In testimony before the Advisory Council on Employee Welfare and Pension Benefit Plans, more commonly known as the ERISA Advisory Council on August 23, 2016, University of Michigan’s Robert L. Dixon Collegiate Professor of Business and Arthur F. Thurnau Professor of Business Dana M. Muir had a message for the Department of Labor’s council: if you Read more


  5. Nothing Left to Lose? Research on Low- and Moderate-Income Detroit Households Suggests Otherwise

    September 14, 2016

    Center Faculty Director Michael Barr, along with Daniel Schaffa, PhD Candidate in Economics at the University of Michigan, with support from the Washington Center for Equitable Growth, have released a working paper which analyzes the effect of the financial crisis in Detroit. 


  6. Center Launches New Working Paper Series With Financial Stability Conference Papers

    September 13, 2016

    The Center on Finance, Law, and Policy is pleased to announce the creation of a new Working Paper series, by releasing six working papers produced by scholars as a result of the Center’s 2015 “Interdisciplinary Approaches to Financial Stability” conference held in Ann Arbor, Michigan on October 22-23, 2015.


  7. Paper: A System-Wide Approach to Measure Connectivity in the Financial Sector

    August 17, 2016

    Ever since the Financial Crisis of 2007-2009 devastated the U.S. economy, many have tried to measure systemic risk — that is, the risk that the entire financial system will fail all at once. University of Michigan Finance Professor Amiyatosh Purnanandam has written a paper with Sumantha Basu of the University of California-Berkeley, Sreyoshi Das of the Read more


  8. Article: Is the Regime of Algorithmic Traders Making the Financial World More Dangerous?

    August 10, 2016

    In an article published in The Conversation, Michael Wellman, Lynn A. Conway Collegiate Professor of Computer Science and Engineering at the University of Michigan, considers the role of algorithmic traders (also known as algos, bots, and AIs) as they have replaced human traders and the potential impact this has on the financial system. Building on his research on artificial intelligence and Read more


  9. Big Data Conference Registration Now Available

    August 9, 2016

    Online registration is now available for the University of Michigan’s Center on Finance, Law and Policy’s second annual conference with the federal Office of Financial Research. This year’s theme, “Big Data: Improving the Scope, Quality, and Accessibility of Financial Data” will bring together a wide range of scholars, regulators, policymakers, and practitioners to explore how Big Read more


  10. White Paper: Challenges and Opportunities with Big Data

    August 5, 2016

    University of Michigan’s Bernard A. Galler Collegiate Professor of Electrical Engineering and Computer Science, H.V. Jagadish recently coordinated the publication of a white paper on the research challenges posed by big data.  …”While the promise of Big Data is real…there is currently a wide gap between its potential and its realization. Heterogeneity, scale, timeliness, complexity, and privacy Read more