Farboodi receives 2024 Sloan Research Fellowship from the Alfred P. Sloan Foundation
Maryam Farboodi (Jon D. Gruber Career Development Assistant Professor and Assistant Professor of Finance) has received a 2024 Sloan Research Fellowship from the Alfred P. Sloan Foundation. This honor recognizes outstanding creativity, innovation, and impactful research; the achievements and potential of awarded Sloan Research Fellows “place them among the next generation of scientific leaders in the U.S. and Canada.”
Ideas Made to Matter: How retirement saving incentives amplify wealth gaps in the U.S.
Changing how more than $300 billion of annual incentives are allocated could close the racial gap in retirement savings by a third, a new study finds.
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Our mission
The purpose of our research is to equip individuals, financial institutions and policy makers with better models and tools to navigate the changing world of consumer finance.
New technologies – from artificial intelligence and big data to Web3 and mobile devices – are disrupting consumer financial markets and causing significant changes in the way people save, borrow, buy insurance, or make payments.
The greater commoditization and decentralization of financial decisions and the rise of new intermediaries means that the average consumer is increasingly managing financial risks and rewards individually. This is changing not only the market for consumer financial products, but also for financial advice, guidance, and information. The Consumer Finance Initiative, led by faculty at Sloan, will build an understanding of the markets, benefits, best practices, and best regulation as technologies change the consumer financial market.
While topics will evolve, our current focus is on recent important innovations such as payments technologies including cryptocurrencies, the rise of new solutions to financial advice that rely on more automatization and algorithmic customization, and AI-based underwriting. Our team also studies advances and socialization of retail investing, retirement savings and the radical customization of investment funds, insur-tech and telematics.