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Vatsal Khandelwal Profile
Vatsal Khandelwal

@vatsalecon

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Applied microeconomist | Interested in networks and development. | Economics PhD @OxfordEconDept | JRF @MertonCollege @UniofOxford

Oxford, England
Joined June 2018
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@vatsalecon
Vatsal Khandelwal
8 months
Very happy that my job market paper was awarded the Econ JM Best Paper Award by @UniCredit_PR and @EEANews 😊 You can find the thread below... #EconJobMarket
@vatsalecon
Vatsal Khandelwal
8 months
JMP🧵 Social networks help us deal with -ve economic & health shocks. But what if people worry about norms & do not ask for help? My JMP combines a RCT+ survey experiments+ structural model to show how incorrect beliefs about peers lead to silent networks
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@vatsalecon
Vatsal Khandelwal
8 months
JMP🧵 Social networks help us deal with -ve economic & health shocks. But what if people worry about norms & do not ask for help? My JMP combines a RCT+ survey experiments+ structural model to show how incorrect beliefs about peers lead to silent networks
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@vatsalecon
Vatsal Khandelwal
3 years
Life update: I defended my doctoral thesis this summer and I'm super excited to begin working as a junior research fellow at @MertonCollege , University of Oxford starting tomorrow!
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@vatsalecon
Vatsal Khandelwal
8 months
Hello! I’m on the job market this year. You can find my job market paper here and read more about my completed and ongoing research here:
@OxfordEconDept
Department of Economics, Oxford
8 months
Meet Vatsal Khandelwal, an expert in economic development and social networks. Discover more about Vatsal & our outstanding #EconJobMarket candidates!
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@vatsalecon
Vatsal Khandelwal
4 years
My new working paper on learning among idiosyncratic agents in networks is now on SSRN! Individuals can be slow to update their beliefs, may overreact, be frustrated, or spread misinformation. How does this affect social learning? Summary🧵👇
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@vatsalecon
Vatsal Khandelwal
9 months
Had a great time presenting my job market paper @HarvardCID and attending so many amazing sessions. Many thanks to the organisers! @aikhwaja #NEUDC2023
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@vatsalecon
Vatsal Khandelwal
9 months
Delighted to discuss my research with @srajagopalan on the podcast @IdeasofIndia @mercatus ! We spoke about my job market paper that shows how pessimistic beliefs about peers can reduce useful social interactions in slums in urban India. Listen to it here:
@srajagopalan
Shruti Rajagopalan
9 months
In the latest episode of the 2023 job market series of @IdeasofIndia , I speak with @vatsalecon , Junior Research Fellow JRF @MertonCollege @UniofOxford about the impact of pessimistic beliefs, correcting such beliefs, social norms, support groups, and more.
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@vatsalecon
Vatsal Khandelwal
6 years
I just discovered that much like Stata's beep command, @MATLAB too has a set of audio files which can be played to signal the end of a code/iteration. So now, after every iteration of my simulation, my code commemorates Handel.
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@vatsalecon
Vatsal Khandelwal
4 years
My AEA 5k run in a surprisingly sunny Oxford #aea5k The usual (and alternative routes) to uni parks were flooded so I had to backtrack. Turns out that I'm not very good at executing the depth first search algorithm in real time.
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@vatsalecon
Vatsal Khandelwal
2 years
I recently spoke to the amazing @ben_golub about his paper "Signaling, Shame, and Silence in Social Learning" on the podcast Behavioural Science Uncovered @bsuncoveredpod . You can listen to the episode here
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@vatsalecon
Vatsal Khandelwal
7 months
Wrapping up an exciting year with my AEA 5k run in a cold and beautiful Oxford. Looking forward to 2024! @the_econ5k #ECON5k
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@vatsalecon
Vatsal Khandelwal
3 years
Many thanks to the amazing audience and useful feedback @Oxford_CSAE . Working paper to be released v soon!
@Oxford_CSAE
CSAE
3 years
How willing are people to engage in dialogue around mental health and financial health? @vatsalecon ( @MertonCollege & @OxfordEconDept ) tackles this question in relation to communities in New Delhi, India, at today’s CSAE Research Workshop.
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@vatsalecon
Vatsal Khandelwal
8 months
🚨You can find the thread 🧵 of my job market paper below!👇 #EconJobMarket
@vatsalecon
Vatsal Khandelwal
8 months
JMP🧵 Social networks help us deal with -ve economic & health shocks. But what if people worry about norms & do not ask for help? My JMP combines a RCT+ survey experiments+ structural model to show how incorrect beliefs about peers lead to silent networks
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@vatsalecon
Vatsal Khandelwal
8 months
You can now read the micro summary of my JMP and so many exciting papers presented at #NEUDC2023 on this blog. Thank you @DaveEvansPhD @Almedina1Music for compiling this list!
@dmckenzie001
David McKenzie
9 months
What’s the Latest Research in Development Economics? @DaveEvansPhD & @Almedina1Music do their annual roundup of all the papers from NEUDC 2023
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@vatsalecon
Vatsal Khandelwal
9 months
It was an absolute delight to present my job market paper at the CEPR-TCD-TIME conference in Dublin! Thank you so much for the amazing conference @cepr_org @tcddublin @Trinity_TIME
@Trinity_TIME
Trinity_TIME
9 months
Fantastic first day at the TIME-CEPR-TCD Workshop in Development Economics at Trinity College, University of Dublin. #TCDEconResearch #cepr_org
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@vatsalecon
Vatsal Khandelwal
5 years
The Oxford summer school in economic networks is in session! For those of you who haven't registered, you can still attend Matt Jackson's public lecture on the dynamics of human networks this evening #oxnet19 @OxfordEconNet
@OxfordEconNet
Oxford Summer School in Economic Networks
5 years
Summer school is in session! #oxnet19
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@vatsalecon
Vatsal Khandelwal
5 years
My post for coders' corner @Oxford_CSAE on how to write programs on Stata!
@Oxford_CSAE
CSAE
5 years
Coders' Corner is back for Trinity term! Check out this week's tip on writing programs on Stata now. @vatsalecon
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@vatsalecon
Vatsal Khandelwal
6 years
"Imagine a world where economists [...] read the literature of a country before making their recommendations for it." An important & interesting article by @kadambari_shah , though the title certainly is a bit of a stretch. via @qz
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@vatsalecon
Vatsal Khandelwal
5 years
Today, I taught myself how to make aesthetically pleasing presentations using LaTex @overleaf . While I may be found looking wistfully at the powerpoint icon on my computer screen every once in a while, I don't think my life will ever be the same again.
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@vatsalecon
Vatsal Khandelwal
8 months
@EEANews @UniCredit_IT @_LukasFreund_ @GuangbinHong @lukasfmann @ReichardtHugo @TayaSikorskaya @JinglunYao Thank you so much for the award @EEANews @UniCredit_IT So delighted to receive it with such an amazing group of researchers! 😇
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@vatsalecon
Vatsal Khandelwal
3 years
I also have immense gratitude for Peyton Young whose palpable excitement while teaching a course on evolutionary game theory inspired me and has reinstated my faith in the research process over the years. And my undergrad professors who saw a doctor in me much before I did.
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@vatsalecon
Vatsal Khandelwal
4 years
It is fascinating to revisit simple linear algebra "facts" from an intuitive, geometric (ex-post obvious) perspective. I was prepping for teaching next week and stumbled upon this gem. TL;DR- the determinant of a matrix = the volume of the parallelepiped formed by its vectors.
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@vatsalecon
Vatsal Khandelwal
6 years
"That's the first thing. You have to be fearless."
@seema_econ
Seema Jayachandran
6 years
Re-upping this terrific video about Pampa Dey, who overcame barriers to get her PhD. #DayOfTheGirl . @BruceWydick called it "the best 2-minute development economics documentary I have seen on aspirations... Will give a boost to your day!"
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@vatsalecon
Vatsal Khandelwal
2 years
We focus on the production function of the paper-- the genesis of the idea and how it evolved over the years. Ben also shares helpful advice for junior researchers including his views on coauthoring, working on multiple projects, and writing theory.
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@vatsalecon
Vatsal Khandelwal
3 years
I couldn't have done this without the advice, support, and kindness of my amazing supervisors Stefan Dercon and Alex Teytelboym @t8el . Many thanks also to @Oxford_CSAE and @OxfordEconDept for their continuous support.
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@vatsalecon
Vatsal Khandelwal
8 months
The complete list of awardees is available here So happy to be receiving the award with these amazing researchers! 😀
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@vatsalecon
Vatsal Khandelwal
4 years
See evolution of beliefs for a random scale free graph with 100 agents with random low/med/high IDs. Higher IDs are always bad (reduce speed of convg, or make beliefs diverge) but high self weights can compensate for high peer IDs. 8/n
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@vatsalecon
Vatsal Khandelwal
4 years
Thanks 🙏 to @t8el and Stefan Dercon for their help on this, all errors are mine. Let me know if you spot any. Your feedback & comments will be super useful. @ben_golub @SNageebAli @mkearnsupenn @malleshpai @O_Goss_ @yveszenou1
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@vatsalecon
Vatsal Khandelwal
3 years
Looking forward to a lot more learning and improving as I continue both my theoretical work and field experiments on social networks and economic development. Watch this space :D
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@vatsalecon
Vatsal Khandelwal
3 years
Very helpful (and relevant) post by @Razan_Amine1 on Stata's "mi" commands that use simulation-based methods to impute missing observations and run analysis on the imputed dataset.
@Oxford_CSAE
CSAE
3 years
🌟NEW! CSAE #Coders ' Corner post 'Dealing with Missing Observations: Multiple Imputation'. Experiencing missing observations or attrition in your empirical research? Then look no further...🤓 ✒️ @Razan_Amine1 ( @OxfordEconDept ) ⬇️👉
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@vatsalecon
Vatsal Khandelwal
6 years
This process gives birth to, as he describes, "a network of super black boxes". Thus, conspiracies, according to him, aren't planned as we think they'd be. Conspirators are often unaware of the fact that they're conspirators. (4/4)
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@vatsalecon
Vatsal Khandelwal
5 years
@causalinf Those of us working on networks (and I assume spatial econ) are forced to move to R or MATLAB because the environment is more hospitable. It isn't just FOLLI (as coined by @bradfowd1 ) because in this case, we'll probably end up looking more intelligent if we use Stata.
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@vatsalecon
Vatsal Khandelwal
6 years
An interesting paper by Batista, Fafchamps and Vicente with some very surprising results. They find that more information sharing takes place under anonymity and even when some attributes are known, people aren't any more likely to share info with those like them: no homophily!
@nberpubs
NBER
6 years
An experiment on information sharing through the use of text messages in rural Mozambique finds that sharing throughout social networks is most likely when the messages are anonymous and simple
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@vatsalecon
Vatsal Khandelwal
4 years
I derive bounds for bottlenecks in regular networks as a function of how sq biased/attention constrained agents are. Agent's "current" and "past" selves, both, need to be taken into account. I find that sq bias reduces convergence speed while connectedness increases it. 13/n
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@vatsalecon
Vatsal Khandelwal
5 years
Super-interesting paper by @mrcpangallo , Torsten Heinrich and Doyne Farmer. They use simulations to show that the no. of best reply cycles & fixed points in a perfect-information, simultaneous game can be used to predict convergence to equilibrium.
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@vatsalecon
Vatsal Khandelwal
4 years
I use their approach & find that a rise(fall) in frustration(overreaction) *can* prevent a seq. of growing networks from coming close to the truth. This is because change in IDs can increase the influence of an agent EVEN IF they become less popular in the network. 10/n
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@vatsalecon
Vatsal Khandelwal
3 years
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@vatsalecon
Vatsal Khandelwal
5 years
@PRSLegislative has written an overview of the contentious bill okayed by the union cabinet today. It should (hopefully) be declared unconstitutional by the SC but the need for an informed, civil dialogue among the electorate has never been more critical.
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@vatsalecon
Vatsal Khandelwal
8 months
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@vatsalecon
Vatsal Khandelwal
4 years
They’re not necessarily those with high conventional measures of centrality. See e.g. from a village in the Banerjee et al 2013 data with randomly endowed IDs & degroot weights.The large green circle is the maximal agent- low degree but crucially, v low weight on own beliefs. 6/n
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@vatsalecon
Vatsal Khandelwal
6 years
@NicDuquette @ben_golub Reminds me of the majority illusion paper by Lerman et al where they find that "..a state that is globally rare in a network may be dramatically over-represented in the local neighborhoods of many individuals." Scarily enough, they also find that it enhances contagion.
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@vatsalecon
Vatsal Khandelwal
5 years
Reminds me of this excerpt from Peyton Young's classic "Individual Strategy and Social Structure" (pg 4)- "we need to recognize that the dust never really does settle- it keeps moving about, buffeted by random currents of air."
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@vatsalecon
Vatsal Khandelwal
6 years
I see, therefore I think. Amazing thread!
@nickchk
Nick HK
6 years
I've been getting used to gganimate and thought it would be useful to put together some illustrations of what various causal inference methods *actually do to data* and how they work. Here, for example, is what it means to control for a (binary) variable
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@vatsalecon
Vatsal Khandelwal
6 years
@mrcpangallo Looking forward to reading your posts! @diana_beltekian , you might also be interested.
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@vatsalecon
Vatsal Khandelwal
3 years
@singhabhi Thanks Abhijeet! Looking forward to catching up with you some time soon :)
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@vatsalecon
Vatsal Khandelwal
4 years
@singhabhi @handels_sse Congrats Abhijeet!
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@vatsalecon
Vatsal Khandelwal
8 months
@JUNISINGH1 Thank you so much, Juni!! 😊
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@vatsalecon
Vatsal Khandelwal
5 years
Amazing article by @PennyMealy & @DianeCoyle1859 on increasing informed dialogue about policy issues by using comics. @PennyMealy 's The Sipster, for example, is the story of a super heroine who uses research to fight climate change & democratises knowledge in the process.
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@PennyMealy
Penny Mealy
5 years
How can academics better engage with wider audiences? Why not try comics? New @ForeignPolicy article with @DianeCoyle1859 featuring @BennettInst Adventures of Statman and The Sipster @oxmartinschool @oms_postcarbon @INETOxford
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@vatsalecon
Vatsal Khandelwal
2 years
@ben_golub Congratulations, Ben! 🥳
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@vatsalecon
Vatsal Khandelwal
6 years
@KNargish @sydneydxb Oh yes he does substantiate with examples. In fact, this entire discussion starts after he describes a rather dramatic meeting with Larry Summers. The book isn't very academic in nature. It's ecopolitical commentary at its best and sensational gossip at its worst.
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@vatsalecon
Vatsal Khandelwal
8 months
@aranyacecon @UniCredit_PR @EEANews Thank you! Let’s chat soon…
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@vatsalecon
Vatsal Khandelwal
6 years
This (beautiful) paper plots 16th century financial networks and lists their features- some of which, the authors note, render these networks very similar to their modern counterparts! @cxdig
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@vatsalecon
Vatsal Khandelwal
6 years
I've always been astounded by the beauty of the Watts-Strogatz paper but didn't know about the crickets. Thank you @markdhumphries for this enthusiastically written blog post!
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@vatsalecon
Vatsal Khandelwal
6 years
Building models is probably like finding the correctly sized map. One must not let them get too enmeshed in the details (i.e. models with very few or no assumptions) but must also ensure that they're not entirely devoid of them (i.e. a model with way too many assumptions).
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@vatsalecon
Vatsal Khandelwal
6 years
I usually don't enjoy Yanis Varoufakis's histrionic and metaphor-intensive style of writing. However, in the introduction of his book "Adults in the Room", he surprised me by presenting the following fascinating argument. (1/4)
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@vatsalecon
Vatsal Khandelwal
4 years
Amidst ennui-inducing lockdowns and scary elections, these math tidbits can be such an entertaining refuge.
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@vatsalecon
Vatsal Khandelwal
1 year
@gamblingondev Congratulations, Stefan!
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@vatsalecon
Vatsal Khandelwal
3 years
@nagpal_geetika Thank you, Geetika!
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@vatsalecon
Vatsal Khandelwal
4 years
“Historically, pandemics have forced humans to break with the past and imagine their world anew. This one is no different. It is a portal, a gateway between one world and the next.”
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@vatsalecon
Vatsal Khandelwal
6 years
This thought provoking article by Jean Drèze lists 4 reasons why the evidence-policy transformation may not be as straightforward. I disagree with what he insinuates about economists in one of the paragraphs but the rest is worth reading. via @Ideas4India
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@vatsalecon
Vatsal Khandelwal
6 years
He says that what may seem like a planned political conspiracy on the outside may actually be the result of a network formation process where politicians/journalists/people in power, form links as they trade secrets. (2/4)
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@vatsalecon
Vatsal Khandelwal
4 years
I answer 3 qs- how does an individual’s ID affect (1) whether society learns & reaches a consensus in beliefs, (2) if it learns accurately, and (3) how quickly it learns. I relate these learning outcomes with *both* the network and behavioural aspects of the environment. 2/n
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@vatsalecon
Vatsal Khandelwal
6 years
@diana_beltekian you might like this.
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@vatsalecon
Vatsal Khandelwal
8 months
The silver lining, as we show, is that belief correction can be used to generate the demand and funding for these costlier policies i.e. belief correction can allow communities to self finance policies that increase useful network interactions in underfunded settings.
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@vatsalecon
Vatsal Khandelwal
3 years
@TatjanaSchulze_ This is so inspiring. Congrats Tatjana!😀
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@vatsalecon
Vatsal Khandelwal
6 years
Every once in a while, I remind my academic self of Borges's pithy story titled "On Exactitude in Science"- the tale of an empire whose over-scrupulous cartographers forget that a map, no matter how precise, isn't of any use if it is the size of the very area it describes.
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@vatsalecon
Vatsal Khandelwal
6 months
@HelenCraske @OUPAcademic Congratulations, Helen!!
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@vatsalecon
Vatsal Khandelwal
8 months
You can find more details in the paper here You can also listen to my podcast about this paper with @srajagopalan for Ideas of India in case you're interested!
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@vatsalecon
Vatsal Khandelwal
8 months
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@vatsalecon
Vatsal Khandelwal
8 months
@BlavatnikSchool @kateorkin Congratulations , Kate!
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@vatsalecon
Vatsal Khandelwal
8 months
We find that beliefs about others' willingness to engage are correlated with own frequency of dialogue around financial & mental health concerns, num links in financial & mental health support networks & own ability to smooth shocks. Can we improve outcomes by correcting beliefs?
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@vatsalecon
Vatsal Khandelwal
1 year
@livia_alfonsi @HarvardHBS Congratulations, Livia!!
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@vatsalecon
Vatsal Khandelwal
4 years
I also discuss examples of overreacting networks where beliefs may converge but to the wrong level. This happens when agents don’t receive any informative private signals that would otherwise bind them to the truth in the steady state. Example in the picture- 11/n
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@vatsalecon
Vatsal Khandelwal
6 years
I believe this is the coolest thing I've come across in a while.
@MathsEdIdeas
Maths Ed
6 years
A calendar of 'mathsy moments' to live in, and share. Daily date-related number play and theory, notable anniversaries and celebrations. From Aug-18 to Dec-19, with links to explore and in various formats to download, edit, import. Enjoy: #mathschat #maths
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@vatsalecon
Vatsal Khandelwal
6 years
@causalinf @aaron_hedlund UxxUyy -Uxy^2 is the determinant of the Hessian which should be >0 for both convex and concave functions (essentially to ensure that there are no saddle points). I don't think concavity can be inferred solely from that condition.
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@vatsalecon
Vatsal Khandelwal
6 years
@AltmannM You might find this useful.
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@vatsalecon
Vatsal Khandelwal
9 months
@aikhwaja @HarvardCID Thank you, Asim!
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@vatsalecon
Vatsal Khandelwal
2 years
@singhabhi Wow, congrats Abhijeet!! 🥳
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@vatsalecon
Vatsal Khandelwal
6 years
This is absolutely BRILLIANT @ncasenmare and should probably be used to complement introductory courses in (evolutionary) game theory.
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@vatsalecon
Vatsal Khandelwal
8 months
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@vatsalecon
Vatsal Khandelwal
3 years
@aarti_pepa Thank you Aarti :)
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@vatsalecon
Vatsal Khandelwal
3 years
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@vatsalecon
Vatsal Khandelwal
4 years
@paulgp @jhaushofer Not on health, but also this paper where they compare seeding v/s broadcasting info about India's demonetisation and vary provision of meta-info about who was told at the start -> to see what works if people worry about signalling while seeking information
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