A US city hosting a big convention will enjoy a higher boost to incremental spending — holding the number of visitors and their average incomes fixed — if those visitors are auto dealers rather than economists.
Responses
Responses weighted by each expert's confidence
Participant | University | Vote | Confidence | Bio/Vote History |
---|---|---|---|---|
Daron Acemoglu |
MIT | Did Not Answer | Bio/Vote History | |
|
||||
Alberto Alesina |
Harvard | Did Not Answer | Bio/Vote History | |
|
||||
Joseph Altonji |
Yale | Bio/Vote History | ||
|
||||
Alan Auerbach |
Berkeley | Bio/Vote History | ||
|
||||
David Autor |
MIT | Bio/Vote History | ||
Not a lot of impulse spending among economists by my observation. You can charge them a lot for WiFi however.
|
||||
Katherine Baicker |
University of Chicago | Bio/Vote History | ||
|
||||
Abhijit Banerjee |
MIT | Bio/Vote History | ||
|
||||
Marianne Bertrand |
Chicago | Bio/Vote History | ||
Never been to their convention. My response assumes they spend less time than we do inside our hotel rooms interviewing job canditates.
|
||||
Markus Brunnermeier |
Princeton | Bio/Vote History | ||
|
||||
Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
|
||||
Judith Chevalier |
Yale | Bio/Vote History | ||
Economists spend all of their time in the hotel doing interviews.
|
||||
Janet Currie |
Princeton | Did Not Answer | Bio/Vote History | |
|
||||
David Cutler |
Harvard | Bio/Vote History | ||
|
||||
Angus Deaton |
Princeton | Bio/Vote History | ||
I have a strong prior, but it is pure prejudice and there is a high probability of it being wrong.
|
||||
Darrell Duffie |
Stanford | Bio/Vote History | ||
Sorry -- I'm not familiar with the spending habits of auto dealers!
|
||||
Aaron Edlin |
Berkeley | Bio/Vote History | ||
Although economists are known to economize and some think tipping as tourists irrational, in truth, who knows?
|
||||
Barry Eichengreen |
Berkeley | Bio/Vote History | ||
|
||||
Liran Einav |
Stanford | Bio/Vote History | ||
|
||||
Ray Fair |
Yale | Bio/Vote History | ||
Agree, except for Orley Ashenfelter's wine brigade.
|
||||
Amy Finkelstein |
MIT | Bio/Vote History | ||
|
||||
Pinelopi Goldberg |
Yale | Did Not Answer | Bio/Vote History | |
|
||||
Austan Goolsbee |
Chicago | Bio/Vote History | ||
Economists are known for parties and blowing money. The original AEA motto was 'Cras Ignorare' (FORGET TOMORROW)
|
||||
Michael Greenstone |
University of Chicago | Bio/Vote History | ||
|
||||
Robert Hall |
Stanford | Bio/Vote History | ||
Those dealers know how to have fun...
|
||||
Oliver Hart |
Harvard | Bio/Vote History | ||
Dealers have high-powered incentives. Winners may celebrate a lot and losers drown their sorrows. Low variance makes economists staid.
|
||||
Bengt Holmström |
MIT | Bio/Vote History | ||
|
||||
Caroline Hoxby |
Stanford | Bio/Vote History | ||
Deep Q: By being dismal (scientists), do economists exert a negative gen eqm effect on the natives, thereby actually depressing consumption?
|
||||
Hilary Hoynes |
Berkeley | Bio/Vote History | ||
|
||||
Kenneth Judd |
Stanford | Bio/Vote History | ||
Businessmen supposedly have larger spending accounts. According to one "survey", ladies of the evening leave town when economists arrive.
|
||||
Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
|
||||
Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
we are lengendary cheap skates. this is why we can't hold the aea convention on a weekend in las veags -- we don't spend enough!
|
||||
Pete Klenow |
Stanford | Bio/Vote History | ||
Jonathan Levin |
Stanford | Bio/Vote History | ||
Economists are famous cheapskates.
|
||||
Eric Maskin |
Harvard | Bio/Vote History | ||
|
||||
William Nordhaus |
Yale | Bio/Vote History | ||
Based on sample of experts (n=1)
|
||||
Emmanuel Saez |
Berkeley | Bio/Vote History | ||
|
||||
Larry Samuelson |
Yale | Bio/Vote History | ||
We hate to be called the dismal science, but I fear we can be a dismal lot - or perhaps we work so hard there is no time to spend money.
|
||||
José Scheinkman |
Columbia University | Bio/Vote History | ||
|
||||
Richard Schmalensee |
MIT | Bio/Vote History | ||
Economists rarely try to impress each other with how much money they can spend. Auto dealers, by reputation, do this fairly often.
|
||||
Carl Shapiro |
Berkeley | Bio/Vote History | ||
|
||||
Robert Shimer |
University of Chicago | Did Not Answer | Bio/Vote History | |
|
||||
Richard Thaler |
Chicago Booth | Bio/Vote History | ||
Only safe prediction is that those who make money via tips fear the AEA. Economists known to be bad tippers.
|
||||
Christopher Udry |
Northwestern | Bio/Vote History | ||
.. because, basically, we're boring.
|