Sophie Calder-Wang @sophcalderwang
Economist. Research Interest: IO, Household Finance, Digitization, Venture Capital, and Entrepreneurship sophiecalderwang.com Philadelphia, PA Joined October 2019-
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We (@sophcalderwang, Chiara Farronato, and I) just published a short piece about regulating short-term rentals, which also summarizes our research on the topic. TLDR; bans are bad. Read it here: hbr.org/2024/02/what-d…
🚨🚨Hey undergrads and masters students interested in careers in applied econ research: My department is recruiting 5 full-time pre-doc RAs to start summer 2024! 🧵on why you should apply:
I am wondering if anyone have suggestions to speed up scipy.optimize.minimize in #Python? My demand estimation is taking too long (given the simplicity of it and I am giving it the exact analytical gradient, I am hoping for better.) Any thoughts?
We are hiring full time RAs at Wharton - especially relevant for undergrads and masters students interested in housing and household finance. Please feel free to circulate with interested students!
We are hiring full time RAs at Wharton - especially relevant for undergrads and masters students interested in housing and household finance. Please feel free to circulate with interested students!
Nature experimental paper finds in person meetings raises innovation by about 15% Randomized Control Trial paper finds WFH 2 days a week reduces employee quits by 35% Hybrid #WFH can deliver both 3 office days for better innovation 2 home days for better employee retention
Venture Capital's 'Me Too' Moment: What has caused the historically low rate of hiring of women in the #venturecapital sector? Find the Answer: spkl.io/60194Rb3T Subscribe for Free: spkl.io/60104Rb3p @sophcalderwang @Wharton #genderdiversity #discrimination
What do you make of the results below? Teams with more women do better when they are taught by female professors - in an MBA business course. Why is that?
What do you make of the results below? Teams with more women do better when they are taught by female professors - in an MBA business course. Why is that?
What bibliography manager do you recommend? I need something that could: 1. Manage multiple folders of PDFs on PC (and Mac). 2. Integration with Latex and Word 3. Being able to search the PDFs. I have used Mendeley before, but the user experience is not good. Any recommendations?
Had a good conversation when interviewed with @Freakonomics on the topic of diversity and performance in firms:
Had a good conversation when interviewed with @Freakonomics on the topic of diversity and performance in firms:
I was a bit nervous when @Freakonomics asked me to talk about my research on diversity and performance. Here is the bottom line: Whether team diversity is good for performance or not depends crucially on how diversity was fostered. freakonomics.com/podcast/discri… via @Freakonomics
October Editor's Choice And the children shall lead: Gender diversity and performance in venture capital Interesting paper that examines whether gender diversity enhances VC performance. @GompersPaul, @HarvardHBS @sophcalderwang, @Wharton sciencedirect.com/science/articl…
📢The next @workshopefi is Monday 10/4 @ 12pm ET. Emmanuel Yimfor (@MichiganRoss) presents "Startup Experience, Venture Capital Experience, and First-time Venture Fund Performance". Discussed by Sophie Calder-Wang @sophcalderwang (Wharton). Register: bit.ly/3CLaAl8
If you know of awesome undergrads interested in an RA position at Wharton, please share with them the job posting below. I am working in exciting areas related to IO, household finance and innovation.
If you know of awesome undergrads interested in an RA position at Wharton, please share with them the job posting below. I am working in exciting areas related to IO, household finance and innovation.
What PDF annotation apps do you use on your iPad? I am trying to print out fewer pages and would like to find an app that can sync my files and scribbles across all devices. Suggestions please!
On the topic of bias when it comes to defining the metric.
Using a new method of analyzing discrete-choice models with state dependence and individual-by-product fixed effects to examine health insurance choices, from Ariel Pakes, Jack R. Porter, Mark Shepard, and @sophcalderwang nber.org/papers/w29025
We found that the Ellen Pao v. Kleiner Perkins gender discrimination lawsuit led to increased hiring of women investors in venture capital. Here is a short summary:
We found that the Ellen Pao v. Kleiner Perkins gender discrimination lawsuit led to increased hiring of women investors in venture capital. Here is a short summary:
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NBER @nberpubs
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jack @jack
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AREUEA @AREUEA_ORG
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I left Brex a couple of months ago to join @RattrayAlex and the team at @StainlessAPI to build the future of REST. Our SDK announcement today tackles the most salient problem: type safety. I'm incredibly proud of what the team has shipped and we're just getting started!
And just like that, @StainlessAPI is live to the world! stainlessapi.com/blog/announcin… Over the last two years in private beta, we've helped @OpenAI, @AnthropicAI, @Cloudflare, @MuxHQ, @lithic, @ModernTreasury, @useOrb, @tryfinch, and others deliver quality SDKs to their developers.
“New noncompetes banned for all workers as of effective date.” The FTC just issued a complete ban on all employee non-competes. No carveouts, no limitations, no exceptions. Wow!
If govt wants academics to do more practical work: (a) improve the quality and availability of data. Nobody can provide real-time analysis of data that are released with a 2-5 year lag. (b) increase social science funding at NSF to provide public goods not just QJE's. 1/4
As he says, academia’s very heavy emphasis on novelty incentivizes people to do the kind of work that’s not so useful to policymakers who mostly need to get the basics right — better data, a clearer sense of the overall state of the literature. slowboring.com/p/the-economic…
I applaud that editor. I believe there is a bias in editorial decisions in econ journals in favor of papers that “look hard” to produce. Degree of difficulty should be used to judge gymnastics and figure skating, not scientific contributions.
I recently shared an experience I had with a journal and was encouraged to share the decision letter more broadly. For the youngens who still get frustrated, this same paper was rejected by the QJE (a more appropriate "home" given the style.) It's always a lottery!
My Harvard Business Review article on what makes the venture mindset so unique has just been published online! “Make Decisions with a VC Mindset” addresses the key and often overlooked issues of how to improve the quality of high-stakes decisions in any organization. Read the…
I call it "Sisyphus Configuring Python Virtual Environments"
Daughter's idea for a good April fools prank was stuffing the minivan w/ seat cushions; son's idea was to fake that he'd fallen down our stairwell to his death
We (@sophcalderwang, Chiara Farronato, and I) just published a short piece about regulating short-term rentals, which also summarizes our research on the topic. TLDR; bans are bad. Read it here: hbr.org/2024/02/what-d…
Friends don't let friends make bad charts! Chenxin Li, pulled together a lot of great advice for data visualization, with clear "do this, not that" examples for each item. Here are a few of my favorites, see the link below for more.
How cool is this!?! #ASSA2024
Will be in San Antonio and Austin this weekend / early next week. If anyone wants to climb and/or chat about nerdy things, please ping. Also, if you're attending ASSA, join the sessions on digital platform regulation and consumer data (both on Sunday morning).
De-identified personal financial data has played a key role in research that helps us better understand financial distress, macro policy, inequality, and many more topics. Economists, please consider signing to help protect the ability of academics to continue this important work
🚨Consumer finance researchers🚨 We're submitting a comment on how CFPB's proposed rule on personal financial data rights may curtail researcher access to consumer transaction data. We're urging CFPB to consider permitting anonymized data access for research purposes. 1/2
When I moved from econ to finance in '99, I gave up tenure. Didn't want my tenured job, but I got tenure back in a year. When I moved from finance back to econ in Aug., I gave up an endowed chair, because none were available in econ. But the regents just approved a new 1 for me.
My PhD Syllabus for Introduction to Quantitative Marketing @rotmanschool. Updated for 2024. Comments welcome. avigoldfarb.com/s/Syllabus_RSM…
Congratulations to Wei Xiong, Pietro Ortoleva, and Motohiro Yogo on their election to the Econometric Society: bit.ly/3ZPZRCG
The @FTC Microeconomics Conference 2023 agenda is out! Looking forward to seeing papers on platforms, privacy, labor market power, innovation, and more!
Happy to inform that our (@amilkant @IvanCanay) moment inequalities practitioner's guide has been accepted at The Journal of Econometrics! I hope it'll be useful to those of you teaching/using moment inequalities. The latest version is here: dropbox.com/s/qizagacaxhhm…
Andreessen hits the nail on the head. To a first order approximation, AI will drastically improve the world for the better. AI will have unintended side effects, but society will deal with those as they come up. Regulating prematurely will lead to aggregate harm.
Why AI Will Save The World -- my new megapost on why you should be excited, not scared, about AI. Enjoy! a16z.com/2023/06/06/ai-…
This is nice to hear!
2023 Strategy Science Best Paper Award: Benner & Waldfogel (2016), “The Song Remains the Same? Technological Change and Positioning in the Recorded Music Industry,” Strategy Science 1:3 pp.129-147. CONGRATULATIONS! Please join us and congratulate Mary Benner & Joel Waldfogel!
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