Carter Davis
@CarterDavisFin
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assistant finance prof at @KelleySchool, UChicago @ChicagoBooth PhD, dad, husband, math nerd, sci fi aficionado
Joined January 2022
We have a new paper with a surprising result:
🚨 Public-firm profit rates have fallen to *half* their 1980 values 🚨, which explains why financial market rates fell despite rising/steady *aggregate* profit rates. New draft with @ASollaci & @CarterDavisFin, & outstanding support from @TonBobrov...🧵
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@kpomerleau @cremieuxrecueil What’s wrong with this counterargument? I think people react more to actual costs than opportunity costs. They’re more forceful in some behavioral economics sense. How compelling is this counter to the counterargument? Idk. I’m no behavioral economist, just the regular kind. 😃
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@alz_zyd_ Wow, part of economists usefulness might be… talking to people that are not economists? That’s insane.
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@PradyuPrasad I could always teach very little and make exams so easy that everyone gets 100%. The classes I learned the most from were those with the lowest average class scores. In those classes, I studied harder and learned more.
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RT @BrianCAlbrecht: Wait, retail shopping isn't dead? 🤯 1. Offline spending on consumer packaged goods (CPG) was flat from 2006-2016 2.…
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I am also a member of the Rising Scholars Committee for #EasternFinanceAssociation, will be a great year! Submission deadline is tomorrow!
As a member of the Rising Scholars Committee for #EasternFinanceAssociation, I wanted to share that the call for papers is due tomorrow 9/30/24 & has a no fault dual submission with @TheFinancialRev. I will be on the committee choosing PhD paper awards!
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@alz_zyd_ Thomas Hobbes too? I feel like this is a common philosopher thing. It’s somehow pretty compelling. The whole lot are social scientists.
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@dotkrueger Not sure where the price impact estimate comes from here, but this reminds me of this: Might be helpful. That’s a large drop driven by taxes changing fundamentals.
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It would be cool if I could make a negative donation to a campaign, where every dollar I use wipes out a dollar of their donations. Then both our dollars would go to some mix of GiveWell charities, doing stuff like giving malaria nets and deworming pills.
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I cannot say this enough: when countries get richer, they should spend more on healthcare. Modern healthcare is amazing! People show these rising healthcare as a fraction of GDP charts like it’s terrible, but it’s great! I get the markups point, but I don’t think its all markup
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