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ben_golub's profile
Ben Golub
Ben Golub
Ben Golub
@ben_golub

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Ben Golub

@ben_golub

economics + CS prof @NorthwesternU; networks (learning, games, supply chains); past: @Harvard @Stanford'12 @Quora @Caltech'07 background: http://cutt.ly/bmbgSX9 

Chicago, IL
bengolub.net
Joined June 2011

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    Ben Golub‏ @ben_golub 17 Apr 2020

    A *really* entrepreneurial university should dip into the endowment now and go on a hiring spree. If endowment use is mistaken, it's an error that's not being disciplined away by markets. Could be! But interesting to reflect on.

    10:52 AM - 17 Apr 2020
    • 29 Retweets
    • 293 Likes
    • Ani D. Brian Blank, PhD Nick Arnosti Jessie Handbury Stefania Albanesi Juan Manuel Castro ⑆Luke Stein⑈ mike bader Michael Young
    25 replies 29 retweets 293 likes
      1. Ben Golub‏ @ben_golub 17 Apr 2020

        This is a plagiarism of a thought of Rakesh Vohra, who discusses related issues in this blog post.https://theoryclass.wordpress.com/2020/04/11/hiring-freezes-endowment-hoarding/ …

        2 replies 6 retweets 52 likes
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      1. Greg Sasso‏ @gregsasso 17 Apr 2020
        Replying to @ben_golub

        yes, they should

        0 replies 0 retweets 3 likes
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      1. Rachael Meager‏ @economeager 17 Apr 2020
        Replying to @ben_golub

        this is what i think too

        0 replies 0 retweets 10 likes
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      1. New conversation
      2. Daniel Gottlieb‏ @danielgott 17 Apr 2020
        Replying to @ben_golub

        I agree with you, and my impression is that many university administrators would too. Which makes me question what would be the response of donors if the university jumped into a hiring spree in the middle of a major recession.

        1 reply 0 retweets 4 likes
      3. Ben Golub‏ @ben_golub 17 Apr 2020
        Replying to @danielgott

        If they're cheerleaders for the university, one might think some of them would be excited that the university is trying to jump a tier or raid a longtime rival, right?

        1 reply 0 retweets 12 likes
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      2. Kevin Chen‏ @jiafengchen42 17 Apr 2020
        Replying to @ben_golub

        Does other universities' hiring have big enough positive externality on my hiring as a result of stronger candidate pool?

        1 reply 0 retweets 0 likes
      3. Ben Golub‏ @ben_golub 17 Apr 2020
        Replying to @jiafengchen42

        i think in some markets literally 5 of the usual top 10 players will be out of the market, conservatively. doesn't that present an opportunity for at least one currently out player? or are you suggesting a subtler effect?

        1 reply 0 retweets 1 like
      4. Show replies
      1. Daniel Yang‏ @danielkeyang 17 Apr 2020
        Replying to @ben_golub

        I hear Harvard is issuing bonds in this low interest environment. That sounds like a smart move

        0 replies 0 retweets 3 likes
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      1. Anna Stansbury‏ @annastansbury 17 Apr 2020
        Replying to @ben_golub

        I've wondered this too... with so many hiring freezes, surely the pool of job market candidates this year will be particularly attractive for universities that can afford to hire!

        0 replies 0 retweets 10 likes
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      1. Colin Camerer‏ @CFCamerer 17 Apr 2020
        Replying to @ben_golub

        Totally agree. Could be same for high-value staff too such as IT pros

        0 replies 0 retweets 9 likes
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