Can it be rational to overweight very unlikely events?

In July 2016, Jakub Steiner, CERGE-EI Associate Professor, published an article called “Perceiving Prospects Properly,” co-authored with Colin Stewart, in the American Economic Review. Subsequently, Tim Hyde wrote a short article introducing the main points of the paper, which can be enjoyed below. Continue reading Can it be rational to overweight very unlikely events?

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A Night of Gaiety for 25 Years of Satisfaction: CERGE-EI 25th Anniversary Gala

On Friday the 27th of May the CERGE-EI community united once more to commemorate 25 years of world-class economics research and exceptional education. Filled with superb speeches, exquisite cuisine, musical performances, and dancing, this affair was no doubt a delightful occasion for all. Qatar, Spain or Canada, no matter where they reside now, alumni journeyed from near and far to reconnect and revive their student memories. Joined by local faculty, students and staff as well as visiting US members and supporters, all were summoned to take full advantage of the lambent halls of Schebek Palace with a charming spring evening at the 25th Anniversary Gala. Continue reading A Night of Gaiety for 25 Years of Satisfaction: CERGE-EI 25th Anniversary Gala

Not listening? Well, it’s only rational.

Inattention, why we’re all doing it, and why that’s rational – according to economics.

In the lead up to CERGE-EI’s unique conference on Rational Inattention, Associate Professor with Tenure and Researcher, Filip Matejka, provided a free crash course for students to get a rundown on the subject.

Fairly new to the scene and quickly evolving, the field of Rational Inattention in economics is, quite ironically, gaining attention. On Wednesday 24th of May, graduate students from around the globe, including Stanford, NYU, Columbia, UCLA and more, gathered in Prague to learn and discuss the core issues of the subject. Continue reading Not listening? Well, it’s only rational.

Invigorated by the Ivy League Experience

What do you get when you mix three brilliant students, The Dalai Lama and an Ivy League school? Inspired! Over a few months in 2014, Liyousew Borga, Vít Hradil and Branka Marković, journeyed to Princeton University to undertake their Doctorate in Economics alongside top scholars. Now back in Prague, these three CERGE-EI prodigies share their endeavors in the American dream.

As part of the Student Mobility program, PhD students are encouraged to conduct part of their dissertation research in a prestigious university overseas, including Princeton University. With this opportunity Liyousew, Vít and Branka were able to access a wealth of knowledge, guidance and connections that enlivened their PhD experience and enhanced their personal and professional development. Continue reading Invigorated by the Ivy League Experience

Interview with Veronika Jelínková on co-founding Procrastination.com and studying MA in Applied Economics at CERGE-EI

jelinkova-veronikaTaking a bit of time out of Veronika Jelínková’s busy lifestyle in global innovation hub, San Francisco Bay Area, we caught up with the Czech economist on launching Procrastination.com and studying at CERGE-EI.

Veronika, who studied the MA in Applied Economics at CERGE-EI after graduating from the University of Aberdeen in Scotland, recently co-founded Procrastination.com, an organization focused on using science to improve independent efficiency. As a past Area Manager for GrowJOB Institute and CEO for non-profit, Project 141, she is an expert in professional and personal development. Continue reading Interview with Veronika Jelínková on co-founding Procrastination.com and studying MA in Applied Economics at CERGE-EI

Overview: Conference “The Economics of Livable Cities”

What drives the popularity in urbanization, and what are the results of endlessly growing cities? Considering everything from entrepreneurship to neighborhood segregation, prosperity and welfare of society are at the heart of these questions; asked not only by economists, but all those fascinated in the future of urban living.

On March 14 a group of Economists researching in the Urban Economics field came together for the Conference “Economics of Livable Cities” in Prague. Drawing in a diverse audience from students to Architects, the day was dedicated to exploring the issues that confront modern living. Continue reading Overview: Conference “The Economics of Livable Cities”

Perspectives on the European Economy: An Overview

On 24th of February CERGE-EI hosted a presentation, Perspectives on the European Economy, provided by the European Economic Advisory Group at CESifo. The conference explored a variety of hot topics that are examined in the EEAG Report on the European Economy 2016, which was released earlier in the week. The session included two co-authors of the report, John Driffill and Jan-Egbert Sturm, plus special guest, Kamil Galuščák of the Czech National Bank, and was chaired by Danial Münich of IDEA think-tank at CERGE-EI. Continue reading Perspectives on the European Economy: An Overview

Life after New Economic Talent: Interview with Salim Turdaliev

As we count down the days till The New Economic Talent 2016 deadline, we did a bit of reflecting on previous NET competitions. Last year, the top three of 138 submissions presented their thesis in Prague and a total of $1500 USD was awarded to winners. But the benefits of the competition go beyond just money and travel; we caught up with past NET finalist, Salim Turdaliev, to gain a fresh insight into the contest and his life in academia today. Continue reading Life after New Economic Talent: Interview with Salim Turdaliev

Fiscal Policy Council: Personal Trainer or Watchdog?

This post was prepared by Geghetsik Afunts, a second year PhD student at CERGE-EI.

Do governments need a “Personal Trainer or Watchdog” to achieve objectives such as long-term sustainability of public finances, economic growth or surplus targets? Fiscal watchdogs have existed for a long time in some countries and one of the first European countries was Sweden. But the Chairman of the Swedish Fiscal Policy Council John Hassler says that in practice such institutions are considered more as personal trainers than watchdogs. Continue reading Fiscal Policy Council: Personal Trainer or Watchdog?