I married my non-economist wife ~13 yrs ago. We moved from MT to Chicago to CO. We're raising two beautiful kids. She's seen my best... and my worst. But, the other day, she said, "I just want to know the counterfactual!" in regular conversation. That's love. Deep, deep love.

@ChrisHerpfer To be fair, the message didn’t say what kind of fit.

Unintended consequence of putting URGENT in an email subject line: All subsequent replies are also labeled as urgent, even those that come in months later.

One source the article misses is covered in our first paper after the Marshall Fire: Your Network. After Marshall Fire, we found that GoFundMe raised a surprising amount of the part that was underinsured (about 25% of the underinsurance gap).

My research on underinsurance after wildfires with @EmilyAGallaghe1 and @Philipcheesy1 written up in CU Boulder today. Link to the paper here:

@alan_econ @tylersmuir Congrats to Tyler!

Nice discussion of my working paper with @EmilyAGallaghe1 and @Philipcheesy1 from Colorado Public Radio. Crazy to think that the fire was 3 years ago.

@EmilyAGallaghe1 Also relevant.

My office the moment I post grades at the end of the semester.

3 days until the submission deadline 🌟 The 2025 Boulder Summer Conference on Consumer Financial Decision Making is open for submissions!🌟 📅 May 28–30, 2025 | 📍 Boulder, CO

Tagging household/insurance people: @parisastry @arpitrage @SashaIndarte @CameliaKuhnen @paulgp @SeanKHiggins

What it is not 2: Underinsurance is only weakly connected to having a mortgage or the mortgage's loan-to-value at the time of the fire.

What it is not 1: Underinsurance is *not* because policies get out of date. If anything, older policies are better insured. We can see this because we observe contracts at inception and as of the date of the Marshall Fire (Dec 31, 2021).