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The latest research from the CFI

"AI Financial Advice: Supply, Demand, and Life Cycle Implications."

Choukhmane, Taha, Tim de Silva, Weidong Lin, and Matthew Akuzawa, MIT Sloan Working Paper 7377-26. Cambridge, MA: MIT Sloan School of Management, May 2026. Download Preprint.

Faculty: Taha Choukhmane
"What Drives Investors' Portfolio Choices? Separating Risk Preferences from Frictions."

Choukhmane, Taha, and Tim de Silva. Journal of Finance Vol. 81, No. 5 (2026): 5-48. NBER Preprint.

Faculty: Taha Choukhmane
"The Missing LTV Cycle."

Adelino, Manuel, W. Ben McCartney, and Antoinette Schoar. American Economic Review: Insights. Forthcoming. SSRN.

Faculty: Antoinette Schoar
"Implicit Extrapolation and the Beliefs Channel of Investment Demand."

Liu, Haoyang and Christopher J. Palmer. Journal of Financial Economics Vol. 175, (2026): 104172. Data and Code. Internet Appendix. Download Preprint.

Faculty: Christopher J. Palmer
"The Dynamics of Retail Deposit Balances."

Argyle, Bronson, Benjamin Iverson, Jason D. Kotter, Taylor D. Nadauld, and Christopher J. Palmer (NBER Working Paper #34742), Working Paper. January 2026. Download Preprint.

Faculty: Christopher J. Palmer
"The Effect of Increasing Retirement Saving on Consumption, Balance Sheets, and Welfare."

Choukhmane, Taha and Christopher J. Palmer, Working Paper. September 2025.

Faculty: Christopher J. Palmer Taha Choukhmane
"Attitudes to Debt: The Role of Moral Values."

Paine, Fiona, Antoinette Schoar, and David Thesmar, MIT Sloan Working Paper 7330-25. Cambridge, MA: MIT Sloan School of Management, July 2025.

Faculty: Antoinette Schoar David Thesmar
"Efficiency in Household Decision-Making: Evidence from the Retirement Savings of US Couples."

Choukhmane, Taha, Lucas Goodman, and Cormac O'Dea. American Economic Review Vol. 115, No. 5 (2025): 1485-1519.

Faculty: Taha Choukhmane
"Revenue Collapses and the Consumption of Small Business Owners in the COVID-19 Pandemic."

Kim, Olivia S., Jonathan A. Parker, and Antoinette Schoar. Journal of Financial Economics Vol. 170, (2025): 104079.

Faculty: Antoinette Schoar Jonathan A. Parker Olivia Kim
"Racial Disparities and Bias in Consumer Bankruptcy."

Argyle, Bronson, Sasha Indarte, Benjamin Iverson, and Christopher J. Palmer, Working Paper. July 2025. Race Imputation Code Readme. Race Imputation Code. Slides. Knowledge at Wharton.

Faculty: Christopher J. Palmer
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