Can idiosyncratic risk explain the equity premium? We revisit this question using a novel measure of imperfect risk sharing, implied by a large class of heterogeneous-agent models, constructed using ...

As 2026 begins, Java Burn reviews are once again climbing search results, not because of hype alone, but because ...

In my Sex, Drugs, and Artificial Intelligence class, I have strived to take a balanced look at various topics, including ...