Cuicui Chen

Assistant Professor of Economics at SUNY Albany

[Cuicui Chen @chechyccc]

This was the kind of subtlety I used to wrestle with for hours as a graduate student!

[Cuicui Chen @chechyccc]

Even as an econ professor, I still go back to the basics. Rereading Wooldridge’s Econometric Analysis (2002) reminds me of afternoons spent in libraries stuck on dense textbook passages as a graduate student. I'll confess, I often didn’t finish the readings! Today, I have AI.

[Cuicui Chen @chechyccc]

AI helped me unpack it:
Writing y = m(x,\theta_0) + u tempts us to treat u like the OLS error — i.i.d., independent, homoskedastic. But in nonlinear models, the only guarantee is E[u|x]=0. Everything else may fail.

[Cuicui Chen @chechyccc]

@florianederer There is no better time.

[Cuicui Chen @chechyccc]

To see more: https://t.co/wvxUP0ex55

[Cuicui Chen @chechyccc]

Did you know? From 1927 to 2015, stock markets saw 11% higher returns under Democratic presidents. This happens because Democrats are often elected in challenging times, when people seek more stability and require higher returns. 📈 #StockMarket #FinancialFacts #Elections

[Cuicui Chen @chechyccc]

Source:
1. "SEC Charges Robinhood Financial With Misleading Customers About Revenue Sources and Failing to Satisfy Duty of Best Execution" (2020).
2. Schwarz, C., B. M. Barber, X. Huang, P. Jorion, and T. Odean. "The'Actual Retail Price'of Equity Trades." (2023).

[Cuicui Chen @chechyccc]

Zero commission isn’t free. Brokers profit from 'payment for order flow'—sending your trades to firms that pay them rather than always getting you the best price. This practice cost Robinhood customers $34.1 million. #MoneyTruths #HiddenCosts

[Cuicui Chen @chechyccc]

Source: Bhutta, Neil, Andreas Fuster, and Aurel Hizmo. "Paying too much? Price dispersion in the US mortgage market." (2020)

[Cuicui Chen @chechyccc]

Identical borrowers can face a 54 bp difference in mortgage rates on the same day! That’s like paying an extra $6,500 on a $250K loan. Don’t skip the rate comparison! #MortgageTips #PersonalFinance #SmartBorrowing

[Cuicui Chen @chechyccc]

Did you know? The top 4% of stocks drive the entire U.S. stock market gain since 1926! The other 96%? They just match Treasury bills. Picking stocks profitably is tougher than you think. Source: Bessembinder (2018). #FinanceForAll #MoneyTruths

[Cuicui Chen @chechyccc]

Did you know that over 1 in 14 financial advisors have a disciplinary record? 🕵️‍♂️ Check if your advisor has been fired for misconduct, banned, declared bankruptcy, or has unpaid taxes: https://t.co/mVucJEx2fo & https://t.co/lBtHFDrfio

[Cuicui Chen @chechyccc]

https://t.co/vSnlgDd34K

[Cuicui Chen @chechyccc]

Did you know? For a couple hundred bucks, some financial advisers can buy ‘As Seen On’ badges from networks like ABC or Fox—without ever going on TV! 💸 #FinanceForAll #UnbiasedFinance #MoneyTruths

[Institut Louis Bachelier @LouisBachelier]

And the award 🏆 of the “Young Researchers in Green Finance” of @banquedefrance goes to Mathias Reynaert, from @TSEinfo, for the technical quality and relevance of his work on the evaluation of taxes and regulations in the European car market. Live ➡️ https://t.co/dabGFfGPSF

[Jorge Alé-Chilet @jalechilet]

Kara Baskin writes about our work on carmakers pollution at @MITSloan Thinking Forward. Thanks @kcbaskin!
https://t.co/K1XhT8P1ni

[Cuicui Chen @chechyccc]

Throughout my graduate study years under Richard's advising, I benefited immensely from Richard's wisdom, kindness, and humor. I have personally contributed to a tiny piece of this book. Highly recommending this book!

[Dan Levy @danmlevy]

1 / 7 Excited to announce new book with practical advice aimed at helping people think more analytically. Based on the wisdom of legendary @Harvard Professor Richard Zeckhauser #ThinkingAnalytically. 🧵

📘Paperback: https://t.co/5yaQO6zKzg
💻Ebook: https://t.co/YsD2GD9s1j

[Dan Levy @danmlevy]

1 / 7 Excited to announce new book with practical advice aimed at helping people think more analytically. Based on the wisdom of legendary @Harvard Professor Richard Zeckhauser #ThinkingAnalytically. 🧵

📘Paperback: https://t.co/5yaQO6zKzg
💻Ebook: https://t.co/YsD2GD9s1j