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#AlumniUpdate congrats to Daniel Russell who was featured in@FastCompany last week!http://www.fastcompany.com/3044872/the-platform-that-promises-to-make-meetings-more-productive …Thanks. Twitter will use this to make your timeline better. Undo -
Congratulations to our new incoming editorial board!
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Thank you to all of the speakers, presenters, participants and attendees who made this
#ConsumerCredit Symposium educational and productive!Thanks. Twitter will use this to make your timeline better. Undo -
"It's perfectly rational for consumers to not read every contract they sign." - Marcus Cole
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"I don't need to check all prices of every product I buy because of marginal consumers. In this case, my Mom" - Marcus Cole
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"My credit card company provided primary insurance to compete in a marketplace that is hotly competitive." - Marcus Cole
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"The Rational Choice story of consumer credit outperforms the Behavioral Economics story" - Howard Beales
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"Walmart has around 150,000 SKUs. Why isn't every shopper paralyzed by Choice Overload?" - Howard Beales
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Why can't you ever make it to the gym? Howard Beales says it's Hyperbolic Discounting
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"Behavioral Economics argues that mistakes are biased and systematic." - Howard Beales
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"Imperfect information and transaction costs are the two key rationales for credit regulation." - Howard Beales
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"The proportion of banks offerring free checking accounts has decreased sharply since 2009" - Jeffrey Tassey
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"Credit card debt has decreased more than other types of credit since the recession and not recovered." - Jeffrey Tassey
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What a great panel! Let lunch begin!
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Lots of muggle talk here at the Symposium. The Wizarding World of Economics?
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"You're asking a macroeconomic question. Nobody understands macroeconomics . . ." laughs from audience - Richard Hynes
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"Detailed consumer credit research is tied to properly allocating regulation resources." - Heidi Schooner
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"Consumer credit markets are procyclical. They run with the business cycle." - Heidi Schooner
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"When people are excluded from credit markets, they turn to inferior products." - Hilary Miller
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Join us today for the
#ConsumerCredit Symposium at George Mason Law School! See the agenda here http://www.cvent.com/events/eleventh-annual-symposium-of-the-journal-of-law-economics-and-policy-a-symposium-on-consumer-credit-/event-summary-cc682caf401b463eb7142f5c0bcc3326.aspx …Thanks. Twitter will use this to make your timeline better. Undo
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