With a team of economists and program staff, Fellows and strategic partners, the Institute conducts research and organizes convenings on critical issues related to financial security, higher education and endowments and foundations.
With a team of economists and program staff, Fellows and strategic partners, the Institute conducts research and organizes convenings on critical issues related to financial security, higher education and endowments and foundations.
Finance theory assumes that investors maximize risk-adjusted returns when choosing portfolios. In reality, some people are also influenced by irrelevant factors, such as cosmetic changes to investment fund names.
Opportunities to borrow increased considerably in the U.S. over the past few decades, and many Americans today are approaching retirement with high levels of debt.
When making financial decisions under uncertain conditions, do people actually behave as widely used theories predict?
The past several decades have seen major changes in the nature of retirement benefits for workers, including pension programs for public-sector employees.
U.S. colleges and universities hold more than $500 billion in endowment assets, but many people have a poor grasp of these assets’ purpose and value.
In an era of declining public funding, private philanthropy has played an increasingly vital role for both public and private institutions.