Word: laibson
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Professor of Economics David I. Laibson said that while he supports an increase in student-faculty contact, the report’s suggestion of making freshman seminars mandatory contradicted the stated goal of increasing student choice...
...Laibson also said that requiring all students to study a foreign language contradicted that goal...
...arbitrarily prioritizes languages above other modes of internationalization,” Laibson said...
...colleagues put his models to work, Laibson pushes forward, working both with fellow economists and psychologists to fine-tune modeling of human behavior. “David is an incredibly curious person,” Benjamin explains. “He wants to be contributing the big ideas and creating new fields of economics...
Psychologists have discovered that people often value immediate gratification over future rewards. This breakthrough has enabled Laibson to explain people’s tendencies to waver when faced with what should be an impulsive decision...