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A list of all the posts and pages found on the site. For you robots out there is an XML version available for digesting as well.
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I am a PhD candidate in the Department of Risk and Insurance at the University of Wisconsin-Madison's Wisconsin School of Business, with an expected graduation in Spring 2027.
My interests include the study of health insurance, household financial decision-making under risk, and behavioral responses to insurance design, incentives, and information.
Before joining the risk and insurance department, I earned undergraduate degrees in economics and mathematics from the University of Wisconsin-Madison in May 2021, graduating with honors.
A variety of common markup showing how the theme styles them.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Watch out! You can also add notices by appending {: .notice} to a paragraph.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
This tag will let you strikeout text.
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
Sorry, but the page you were trying to view does not exist.
I am a PhD candidate in the Department of Risk and Insurance at the University of Wisconsin-Madison's Wisconsin School of Business, with an expected graduation in Spring 2027.
My interests include the study of health insurance, household financial decision-making under risk, and behavioral responses to insurance design, incentives, and information.
Before joining the risk and insurance department, I earned undergraduate degrees in economics and mathematics from the University of Wisconsin-Madison in May 2021, graduating with honors.
A variety of common markup showing how the theme styles them.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Watch out! You can also add notices by appending {: .notice} to a paragraph.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
This tag will let you strikeout text.
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
{% include base_path %} {% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% include base_path %} {% include group-by-array collection=site.posts field=”categories” %}
{% for category in group_names %} {% assign posts = group_items[forloop.index0] %}
{% for post in posts %} {% include archive-single.html %} {% endfor %} {% endfor %}
{% include base_path %} {% capture written_label %}’None’{% endcapture %}
{% for collection in site.collections %} {% unless collection.output == false or collection.label == “posts” %} {% capture label %}{{ collection.label }}{% endcapture %} {% if label != written_label %} <h2 id="{{ label | slugify }}" class="archive__subtitle">{{ label }}</h2> {% capture written_label %}{{ label }}{% endcapture %} {% endif %} {% endunless %} {% for post in collection.docs %} {% unless collection.output == false or collection.label == “posts” %} {% include archive-single.html %} {% endunless %} {% endfor %} {% endfor %}
{% include base_path %}
/*
@import “vendor/breakpoint/breakpoint”; // media query mixins @import “variables”; @import “mixins”; @import “vendor/susy/susy”;
@import “reset”; @import “base”;
@import “utilities”; @import “animations”; @import “tables”; @import “buttons”; @import “notices”; @import “masthead”; @import “navigation”; @import “footer”; @import “syntax”;
@import “forms”; @import “custom”;
@import “page”; @import “archive”; @import “sidebar”;
@import “vendor/font-awesome/fontawesome”; @import “vendor/font-awesome/solid”; @import “vendor/font-awesome/brands”; @import “vendor/magnific-popup/magnific-popup”; @import “print”;
Support for MathJax Version 3.0 is included in the template:
\[\displaylines{ \nabla \cdot E= \frac{\rho}{\epsilon_0} \\\ \nabla \cdot B=0 \\\ \nabla \times E= -\partial_tB \\\ \nabla \times B = \mu_0 \left(J + \varepsilon_0 \partial_t E \right) }\]The default delimiters of $$...$$ and \\[...\\] are supported for displayed mathematics, while \\(...\\) should be used for in-line mathematics (ex., \(a^2 + b^2 = c^2\))
Note that since Academic Pages uses Markdown which cases some interference with MathJax and LaTeX for escaping characters and new lines, although some workarounds exist.
Academic Pages uses kramdown for Markdown rendering, which has some differences from other Markdown implementations such as GitHub’s. In addition to this guide, please see the kramdown Syntax page for full documentation.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | ce | |
| ll5 | cell6 | |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Basic notices or call-outs are supported using the following syntax:
**Watch out!** You can also add notices by appending `{: .notice}` to the line following paragraph.
{: .notice}
which wil render as:
Watch out! You can also add notices by appending {: .notice} to the line following paragraph.
Footnotes can be useful for clarifying points in the text, or citing information.1 Markdown support numeric footnotes, as well as text as long as the values are unique.2
This is the regular text.[^1] This is more regular text.[^note]
[^1]: This is the footnote itself.
[^note]: This is another footnote.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
You can also write larger blocks of code with syntax highlighting supported for some languages, such as Python:
print('Hello World!')
or R:
print("Hello World!", quote = FALSE)
The HTML <details> tag works well with Markdown and allows you to include collapsible sections, see W3Schools for more information on how to use the tag.
The source code:
<details>
<summary>Collapsed by default</summary>
This section was collapsed by default!
</details>
Or, you can leave a section open by default by including the open attribute in the tag:
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag will let you strikeout text.
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
Footnotes
The footnotes in the page will be returned following this line, return to the section on Markdown Footnotes.
This is a page not in the menu. You can use markdown in this page.
{% include base_path %} {% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% include base_path %}
{% for post in site.portfolio %} {% include archive-single.html %} {% endfor %}
{% if site.author.googlescholar %}
{% endif %}
{% include base_path %}
{% if site.publication_category %} {% for category in site.publication_category %} {% assign title_shown = false %} {% for post in site.publications reversed %} {% if post.category != category[0] %} {% continue %} {% endif %} {% unless title_shown %} <h2>{{ category[1].title }}</h2><hr /> {% assign title_shown = true %} {% endunless %} {% include archive-single.html %} {% endfor %} {% endfor %} {% else %} {% for post in site.publications reversed %} {% include archive-single.html %} {% endfor %} {% endif %}
{% include base_path %}
{% assign working_papers = site.publications | where: “category”, “working_papers” %} {% for post in working_papers %} {% include archive-single.html %} {% endfor %}
{% assign work_in_progress = site.publications | where: “category”, “work_in_progress” %} {% for post in work_in_progress %} {% include archive-single.html %} {% endfor %}
{% include base_path %}
A list of all the posts and pages found on the site. For you robots out there is an XML version available for digesting as well.
{% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% for post in site.posts %} {% include archive-single.html %} {% endfor %}
{% capture written_label %}’None’{% endcapture %}
{% for collection in site.collections %} {% unless collection.output == false or collection.label == “posts” %} {% capture label %}{{ collection.label }}{% endcapture %} {% if label != written_label %}
{% capture written_label %}{{ label }}{% endcapture %} {% endif %} {% endunless %} {% for post in collection.docs %} {% unless collection.output == false or collection.label == “posts” %} {% include archive-single.html %} {% endunless %} {% endfor %} {% endfor %}
{% include base_path %} {% include group-by-array collection=site.posts field=”tags” %}
{% for tag in group_names %} {% assign posts = group_items[forloop.index0] %}
{% for post in posts %} {% include archive-single.html %} {% endfor %} {% endfor %}
This map is generated from a Jupyter Notebook file in /_talks/talkmap.ipynb, which mines the location fields in the .md files in _talks/.
{% if site.talkmap_link == true %}
See a map of all the places I've given a talk!
{% endif %}
{% for post in site.talks reversed %} {% include archive-single-talk.html %} {% endfor %}
{% include base_path %}
{% for post in site.teaching reversed %} {% include archive-single.html %} {% endfor %}
{% include base_path %} {% include toc %}
The privacy of my visitors is extremely important. This Privacy Policy outlines the types of personal information that is received and collected and how it is used.
First and foremost, I will never share your email address or any other personal information to anyone without your direct consent.
Like many other websites, this site uses log files to help learn about when, from where, and how often traffic flows to this site. The information in these log files include:
All of this information is not linked to anything that is personally identifiable.
When you visit this site “convenience” cookies are stored on your computer when you submit a comment to help you log in faster to Disqus the next time you leave a comment.
Third-party advertisers may also place and read cookies on your browser and/or use web beacons to collect information. This site has no access or control over these cookies. You should review the respective privacy policies on any and all third-party ad servers for more information regarding their practices and how to opt-out.
If you wish to disable cookies, you may do so through your web browser options. Instructions for doing so can be found on the specific web browsers’ websites.
Google Analytics is a web analytics tool I use to help understand how visitors engage with this website. It reports website trends using cookies and web beacons without identifying individual visitors. You can read Google Analytics Privacy Policy.
{% include base_path %} {% capture written_year %}’None’{% endcapture %} {% for post in site.posts %} {% capture year %}{{ post.date | date: ‘%Y’ }}{% endcapture %} {% if year != written_year %} <h2 id="{{ year | slugify }}" class="archive__subtitle">{{ year }}</h2> {% capture written_year %}{{ year }}{% endcapture %} {% endif %} {% include archive-single.html %} {% endfor %}
@import “jekyll-theme-primer”;
These .ipynb files are Jupyter notebook files that convert a TSV containing structured data about talks (talks.tsv) or presentations (presentations.tsv) into individual markdown files that will be properly formatted for the academicpages template. The notebooks contain a lot of documentation about the process. The .py files are pure python that do the same things if they are executed in a terminal, they just don’t have pretty documentation.
| <?xml version=”1.0” encoding=”utf-8”?>{% if page.xsl %}<?xml-stylesheet type=”text/xml” href=”{{ ‘/feed.xslt.xml’ | absolute_url }}”?>{% endif %}<feed xmlns=”http://www.w3.org/2005/Atom” {% if site.lang %}xml:lang=”{{ site.lang }}”{% endif %}> |
absolute_url }}” rel=”self” type=”application/atom+xml” /><link href=”{{ ‘/’ | absolute_url }}” rel=”alternate” type=”text/html” {% if site.lang %}hreflang=”{{ site.lang }}” {% endif %}/> |
date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign title = site.title | default: site.name %}{% if page.collection != “posts” %}{% assign collection = page.collection | capitalize %}{% assign title = title | append: “ | ” | append: collection %}{% endif %}{% if page.category %}{% assign category = page.category | capitalize %}{% assign title = title | append: “ | ” | append: category %}{% endif %}{% if title %} |
smartify | xml_escape }}</title>{% endif %}{% if site.description %} |
xml_escape }}</subtitle>{% endif %}{% if site.author %} |
default: site.author | xml_escape }}</name>{% if site.author.email %} |
xml_escape }}</email>{% endif %}{% if site.author.uri %} |
xml_escape }}</uri>{% endif %}</author>{% endif %}{% if page.tags %}{% assign posts = site.tags[page.tags] %}{% else %}{% assign posts = site[page.collection] %}{% endif %}{% if page.category %}{% assign posts = posts | where: “categories”, page.category %}{% endif %}{% unless site.show_drafts %}{% assign posts = posts | where_exp: “post”, “post.draft != true” %}{% endunless %}{% assign posts = posts | sort: “date” | reverse %}{% assign posts_limit = site.feed.posts_limit | default: 10 %}{% for post in posts limit: posts_limit %}<entry{% if post.lang %}{{“ “}}xml:lang=”{{ post.lang }}”{% endif %}>{% assign post_title = post.title | smartify | strip_html | normalize_whitespace | xml_escape %} |
absolute_url }}” rel=”alternate” type=”text/html” title=”{{ post_title }}” /> |
date_to_xmlschema }}</published> |
default: post.date | date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign excerpt_only = post.feed.excerpt_only | default: site.feed.excerpt_only %}{% unless excerpt_only %}<content type=”html” xml:base=”{{ post.url | absolute_url | xml_escape }}”><![CDATA[{{ post.content | strip }}]]></content>{% endunless %}{% assign post_author = post.author | default: post.authors[0] | default: site.author %}{% assign post_author = site.data.authors[post_author] | default: post_author %}{% assign post_author_email = post_author.email | default: nil %}{% assign post_author_uri = post_author.uri | default: nil %}{% assign post_author_name = post_author.name | default: post_author %} |
default: “” | xml_escape }}</name>{% if post_author_email %} |
xml_escape }}</email>{% endif %}{% if post_author_uri %} |
xml_escape }}</uri>{% endif %}</author>{% if post.category %}<category term=”{{ post.category | xml_escape }}” />{% elsif post.categories %}{% for category in post.categories %}<category term=”{{ category | xml_escape }}” />{% endfor %}{% endif %}{% for tag in post.tags %}<category term=”{{ tag | xml_escape }}” />{% endfor %}{% assign post_summary = post.description | default: post.excerpt %}{% if post_summary and post_summary != empty %}<summary type="html"><![CDATA[{{ post_summary | strip_html | normalize_whitespace }}]]></summary>{% endif %}{% assign post_image = post.image.path | default: post.image %}{% if post_image %}{% unless post_image contains “://” %}{% assign post_image = post_image | absolute_url %}{% endunless %}<media:thumbnail xmlns:media=”http://search.yahoo.com/mrss/” url=”{{ post_image | xml_escape }}” /><media:content medium=”image” url=”{{ post_image | xml_escape }}” xmlns:media=”http://search.yahoo.com/mrss/” />{% endif %}</entry>{% endfor %}</feed> |
| Sitemap: {{ “sitemap.xml” | absolute_url }} |
<h2 id="portfolio" class="archive__subtitle">portfolio</h2>
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
<h2 id="publications" class="archive__subtitle">publications</h2>
There is a sizable academic literature studying the demand for life insurance products. Little is known, however, about how surviving spouses utilize life insurance payouts. We study individuals 50 and older and ask how they adjust their savings, spending, and bequest behavior after life insurance payouts are received. We show that, compared to widow(er)s not receiving payouts, widow(er)s receiving life insurance payouts do not experience shocks to consumption. We also show substantial heterogeneity in other household finance responses to payouts along the wealth distribution. The wealthiest survivors tend to save their payouts, spend down slowly, and experience little change in their bequest plans. The least wealthy, on the other hand, experience enhanced bequest motives for a short period before quickly spending their payouts. In the long run, these individuals even end up more likely to be receiving government support than widow(er)s without life insurance payouts.
Health insurance deductibles are designed to reduce medical spending by exposing consumers to higher upfront prices. I provide a formal analysis of what I term a ``deductible paradox”: within the standard forward-looking model of cost sharing, raising the deductible can paradoxically increase optimal spending for consumers who anticipate reaching the out-of-pocket maximum. When the model does predict a decline in utilization, it implies that small deductible increases should generate only modest reductions in spending. I test these predictions using quasi-experimental variation from Wisconsin’s introduction of a modest deductible in its previously zero-deductible health plan. Spending falls far more than the benchmark model can rationalize, with the largest reductions among high-risk enrollees who should respond least. To account for these patterns, I develop a behavioral dynamic model in which households respond myopically to spot prices and face billing delays. This behavioral model better matches both the magnitude and the risk gradient of the observed spending response, highlighting the central role of spot-price responses in shaping the impact of deductible changes.
🏆 The Rising Financial Literacy Scholar Award, 2026 Stanford Financial Education Symposium
Suboptimal health insurance choices impose substantial welfare costs on households, with enrollment patterns frequently violating financial dominance despite stakes exceeding thousands of dollars annually. We use a randomized field experiment with public university employees during open enrollment to evaluate whether decision aids that clarify these financial consequences affect enrollment patterns. The setting features a financially dominant high-deductible plan that saves money for all workers regardless of health spending, with typical savings around $2,000 annually, and a requirement to make an active choice confirming plan selection. We find that decision aids improve cost recognition by 22 percentage points. Yet they increase intended enrollment in the high-deductible plan by 6 percentage points and actual enrollment by only 2 percentage points, revealing substantial attenuation from understanding to behavior. Survey responses reveal that concerns about managing a health savings account, aversion to out-of-pocket costs, and reluctance to change from familiar plans limit the translation into enrollment. Treatment effects are largest among workers with limited prior plan engagement and vary substantially by liquidity constraints.
Status: Under review.
This paper shows that standard models of moral hazard predict a generosity paradox: less generous insurance can increase rather than decrease medical spending. Higher cost sharing makes it easier to reach the out-of-pocket maximum, where the marginal price is zero. Forward-looking consumers near that threshold therefore opti- mally increase their spending to reach the maximum. Using existing empirical estimates of the health need distribution and moral hazard responsiveness, I find that in many realistic scenarios, decreases in generosity lead to aggregate increases in spending and welfare losses. I discuss the practical implications of this for plan designers.
<h2 id="talks" class="archive__subtitle">talks</h2>
This is a description of your talk, which is a markdown files that can be all markdown-ified like any other post. Yay markdown!
This is a description of your tutorial, note the different field in type. This is a markdown files that can be all markdown-ified like any other post. Yay markdown!
This is a description of your talk, which is a markdown files that can be all markdown-ified like any other post. Yay markdown!
This is a description of your conference proceedings talk, note the different field in type. You can put anything in this field.
<h2 id="teaching" class="archive__subtitle">teaching</h2>
Undergraduate course (2021-2024 Spring)
University of Wisconsin-Madison
MSBA Course (2025 Fall)
University of Wisconsin-Madison
MSBA Course (2026 Spring)
University of Wisconsin-Madison
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img{max-width:none}button,input,select,textarea{margin:0;font-size:100%;vertical-align:middle}button,input{overflow:visible;line-height:normal}button::-moz-focus-inner,input::-moz-focus-inner{padding:0;border:0}button,html input[type=”button”],input[type=”reset”],input[type=”submit”]{-webkit-appearance:button;cursor:pointer}label,select,button,input[type=”button”],input[type=”reset”],input[type=”submit”],input[type=”radio”],input[type=”checkbox”]{cursor:pointer}input[type=”search”]{box-sizing:content-box;-webkit-appearance:textfield}input[type=”search”]::-webkit-search-decoration,input[type=”search”]::-webkit-search-cancel-button{-webkit-appearance:none}textarea{overflow:auto;vertical-align:top}html{position:relative;min-height:100%}body{margin:0;padding:70px 0 0;padding-bottom:9em;color:#494e52;font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida 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.archive__item-teaser{margin-bottom:2em}@media (min-width: 37.5em){.feature__item–right{text-align:right}.feature__item–right .archive__item-teaser{width:40.6779661017%;float:right;margin-left:1.6949152542%}.feature__item–right .archive__item-body{width:57.6271186441%;float:left;margin-left:0;padding-left:4.2372881356%;padding-right:8.4745762712%}}.feature__item–center{clear:both;width:100%;float:left;margin-left:0;margin-right:0;font-size:1.25rem}.feature__item–center .archive__item-teaser{margin-bottom:2em}@media (min-width: 37.5em){.feature__item–center{text-align:center}.feature__item–center .archive__item-teaser{margin:0 auto;width:40.6779661017%}.feature__item–center .archive__item-body{margin:0 auto;width:57.6271186441%}}.sidebar{-webkit-transform:translate3d(0, 0, 0);transform:translate3d(0, 0, 0);clear:both;margin-bottom:1em}.sidebar::after{clear:both;content:”“;display:table}@media screen and (min-width: 1024px){.sidebar{height:100vh;overflow-y:auto;position:fixed;padding-top:70px}}@media (min-width: 57.8125em){.sidebar{width:15.2542372881%;float:left;margin-right:1.6949152542%;opacity:1;-webkit-transition:opacity 0.2s ease-in-out;transition:opacity 0.2s ease-in-out}.sidebar:hover{opacity:1}}@media (min-width: 80em){.sidebar{max-width:250px;padding-right:0}}.sidebar h2,.sidebar h3,.sidebar h4,.sidebar h5,.sidebar h6{margin-bottom:0;font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;font-size:20px}.sidebar h3,.sidebar h4{font-size:18px}.sidebar p,.sidebar li{font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;font-size:16px;line-height:1.5}.sidebar img{width:100%}.sidebar__right{margin-bottom:1em}@media (min-width: 57.8125em){.sidebar__right{position:relative;float:right;width:200px;margin-left:2.5423728814%;z-index:10}}@media (min-width: 80em){.sidebar__right{width:300px}}.author__avatar{display:table-cell;vertical-align:top;width:36px}@media (min-width: 57.8125em){.author__avatar{display:block;width:auto;height:auto}}.author__avatar img{max-width:175px;border-radius:50%}@media (min-width: 57.8125em){.author__avatar img{padding:5px;border:1px solid #f2f3f3}}.author__content{display:table-cell;vertical-align:top;padding-left:15px;padding-right:25px;line-height:1}@media (min-width: 57.8125em){.author__content{display:block;width:100%;padding-left:0;padding-right:0}}.author__name{margin:0}@media (min-width: 57.8125em){.author__name{margin-top:10px;margin-bottom:10px}}.sidebar .author__name{font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;font-size:22px}.sidebar .author__desktop{display:none}@media screen and (min-width: 1024px){.sidebar .author__desktop{display:block}}.author__pronouns{margin:0}@media (min-width: 57.8125em){.author__pronouns{margin-top:10px;margin-bottom:10px}}.author__bio{margin:0}@media (min-width: 57.8125em){.author__bio{margin-top:10px;margin-bottom:20px}}.sidebar .author__bio{font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;font-size:18px}.author__urls-wrapper{position:relative;display:table-cell;vertical-align:middle;font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;z-index:10;position:relative;cursor:pointer}.author__urls-wrapper li:last-child a{margin-bottom:0}@media (min-width: 57.8125em){.author__urls-wrapper{display:block}}.author__urls-wrapper button{margin-bottom:0}@media (min-width: 57.8125em){.author__urls-wrapper button{display:none}}.author__urls{display:none;position:absolute;right:0;margin-top:15px;padding:10px;list-style-type:none;border:1px solid #f2f3f3;border-radius:4px;background:#fff;z-index:-1;box-shadow:0 0 10px rgba(0,0,0,0.25);cursor:default}@media (min-width: 57.8125em){.author__urls{display:block;position:relative;margin:0;padding:0;border:0;background:transparent;box-shadow:none}}.author__urls:before{display:block;content:”“;position:absolute;top:-11px;left:calc(50% - 10px);width:0;border-style:solid;border-width:0 10px 10px;border-color:#f2f3f3 transparent;z-index:0}@media (min-width: 57.8125em){.author__urls:before{display:none}}.author__urls:after{display:block;content:”“;position:absolute;top:-10px;left:calc(50% - 10px);width:0;border-style:solid;border-width:0 10px 10px;border-color:#fff transparent;z-index:1}@media (min-width: 57.8125em){.author__urls:after{display:none}}.author__urls li{white-space:nowrap}.author__urls a{display:block;margin-bottom:5px;padding-right:5px;padding-top:2px;padding-bottom:2px;color:inherit;font-size:16px;text-decoration:none}.author__urls a:hover{text-decoration:underline}/*!
Support for MathJax Version 3.0 is included in the template:
[\displaylines{ \nabla \cdot E= \frac{\rho}{\epsilon_0} \
\nabla \cdot B=0 \
\nabla \times E= -\partial_tB \
\nabla \times B = \mu_0 \left(J + \varepsilon_0 \partial_t E \right) }]
The default delimiters of $$...$$ and \\[...\\] are supported for displayed mathematics, while \\(...\\) should be used for in-line mathematics (ex., \(a^2 + b^2 = c^2\))
Note that since Academic Pages uses Markdown which cases some interference with MathJax and LaTeX for escaping characters and new lines, although some workarounds exist.
Academic Pages uses kramdown for Markdown rendering, which has some differences from other Markdown implementations such as GitHub’s. In addition to this guide, please see the kramdown Syntax page for full documentation.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | ce | |
| ll5 | cell6 | |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Basic notices or call-outs are supported using the following syntax:
**Watch out!** You can also add notices by appending `{: .notice}` to the line following paragraph.
{: .notice}
which wil render as:
Watch out! You can also add notices by appending {: .notice} to the line following paragraph.
Footnotes can be useful for clarifying points in the text, or citing information.1 Markdown support numeric footnotes, as well as text as long as the values are unique.2
This is the regular text.[^1] This is more regular text.[^note]
[^1]: This is the footnote itself.
[^note]: This is another footnote.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
You can also write larger blocks of code with syntax highlighting supported for some languages, such as Python:
print('Hello World!')
or R:
print("Hello World!", quote = FALSE)
The HTML <details> tag works well with Markdown and allows you to include collapsible sections, see W3Schools for more information on how to use the tag.
The source code:
<details>
<summary>Collapsed by default</summary>
This section was collapsed by default!
</details>
Or, you can leave a section open by default by including the open attribute in the tag:
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag will let you strikeout text.
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
Footnotes
The footnotes in the page will be returned following this line, return to the section on Markdown Footnotes.
This is a page not in the menu. You can use markdown in this page.
Sorry, but the page you were trying to view does not exist.
I am a PhD candidate in the Department of Risk and Insurance at the University of Wisconsin-Madison's Wisconsin School of Business, with an expected graduation in Spring 2027.
My interests include the study of health insurance, household financial decision-making under risk, and behavioral responses to insurance design, incentives, and information.
Before joining the risk and insurance department, I earned undergraduate degrees in economics and mathematics from the University of Wisconsin-Madison in May 2021, graduating with honors.
A variety of common markup showing how the theme styles them.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Watch out! You can also add notices by appending {: .notice} to a paragraph.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
This tag will let you strikeout text.
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
Sorry, but the page you were trying to view does not exist.
I am a PhD candidate in the Department of Risk and Insurance at the University of Wisconsin-Madison's Wisconsin School of Business, with an expected graduation in Spring 2027.
My interests include the study of health insurance, household financial decision-making under risk, and behavioral responses to insurance design, incentives, and information.
Before joining the risk and insurance department, I earned undergraduate degrees in economics and mathematics from the University of Wisconsin-Madison in May 2021, graduating with honors.
A variety of common markup showing how the theme styles them.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Watch out! You can also add notices by appending {: .notice} to a paragraph.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
This tag will let you strikeout text.
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
{% include base_path %} {% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% include base_path %} {% include group-by-array collection=site.posts field=”categories” %}
{% for category in group_names %} {% assign posts = group_items[forloop.index0] %}
{% for post in posts %} {% include archive-single.html %} {% endfor %} {% endfor %}
{% include base_path %} {% capture written_label %}’None’{% endcapture %}
{% for collection in site.collections %} {% unless collection.output == false or collection.label == “posts” %} {% capture label %}{{ collection.label }}{% endcapture %} {% if label != written_label %} <h2 id="{{ label | slugify }}" class="archive__subtitle">{{ label }}</h2> {% capture written_label %}{{ label }}{% endcapture %} {% endif %} {% endunless %} {% for post in collection.docs %} {% unless collection.output == false or collection.label == “posts” %} {% include archive-single.html %} {% endunless %} {% endfor %} {% endfor %}
{% include base_path %}
/*
@import “vendor/breakpoint/breakpoint”; // media query mixins @import “variables”; @import “mixins”; @import “vendor/susy/susy”;
@import “reset”; @import “base”;
@import “utilities”; @import “animations”; @import “tables”; @import “buttons”; @import “notices”; @import “masthead”; @import “navigation”; @import “footer”; @import “syntax”;
@import “forms”; @import “custom”;
@import “page”; @import “archive”; @import “sidebar”;
@import “vendor/font-awesome/fontawesome”; @import “vendor/font-awesome/solid”; @import “vendor/font-awesome/brands”; @import “vendor/magnific-popup/magnific-popup”; @import “print”;
Support for MathJax Version 3.0 is included in the template:
\[\displaylines{ \nabla \cdot E= \frac{\rho}{\epsilon_0} \\\ \nabla \cdot B=0 \\\ \nabla \times E= -\partial_tB \\\ \nabla \times B = \mu_0 \left(J + \varepsilon_0 \partial_t E \right) }\]The default delimiters of $$...$$ and \\[...\\] are supported for displayed mathematics, while \\(...\\) should be used for in-line mathematics (ex., \(a^2 + b^2 = c^2\))
Note that since Academic Pages uses Markdown which cases some interference with MathJax and LaTeX for escaping characters and new lines, although some workarounds exist.
Academic Pages uses kramdown for Markdown rendering, which has some differences from other Markdown implementations such as GitHub’s. In addition to this guide, please see the kramdown Syntax page for full documentation.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | ce | |
| ll5 | cell6 | |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Basic notices or call-outs are supported using the following syntax:
**Watch out!** You can also add notices by appending `{: .notice}` to the line following paragraph.
{: .notice}
which wil render as:
Watch out! You can also add notices by appending {: .notice} to the line following paragraph.
Footnotes can be useful for clarifying points in the text, or citing information.1 Markdown support numeric footnotes, as well as text as long as the values are unique.2
This is the regular text.[^1] This is more regular text.[^note]
[^1]: This is the footnote itself.
[^note]: This is another footnote.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
You can also write larger blocks of code with syntax highlighting supported for some languages, such as Python:
print('Hello World!')
or R:
print("Hello World!", quote = FALSE)
The HTML <details> tag works well with Markdown and allows you to include collapsible sections, see W3Schools for more information on how to use the tag.
The source code:
<details>
<summary>Collapsed by default</summary>
This section was collapsed by default!
</details>
Or, you can leave a section open by default by including the open attribute in the tag:
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag will let you strikeout text.
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
Footnotes
The footnotes in the page will be returned following this line, return to the section on Markdown Footnotes.
This is a page not in the menu. You can use markdown in this page.
{% include base_path %} {% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% include base_path %}
{% for post in site.portfolio %} {% include archive-single.html %} {% endfor %}
{% if site.author.googlescholar %}
{% endif %}
{% include base_path %}
{% if site.publication_category %} {% for category in site.publication_category %} {% assign title_shown = false %} {% for post in site.publications reversed %} {% if post.category != category[0] %} {% continue %} {% endif %} {% unless title_shown %} <h2>{{ category[1].title }}</h2><hr /> {% assign title_shown = true %} {% endunless %} {% include archive-single.html %} {% endfor %} {% endfor %} {% else %} {% for post in site.publications reversed %} {% include archive-single.html %} {% endfor %} {% endif %}
{% include base_path %}
{% assign working_papers = site.publications | where: “category”, “working_papers” %} {% for post in working_papers %} {% include archive-single.html %} {% endfor %}
{% assign work_in_progress = site.publications | where: “category”, “work_in_progress” %} {% for post in work_in_progress %} {% include archive-single.html %} {% endfor %}
{% include base_path %}
A list of all the posts and pages found on the site. For you robots out there is an XML version available for digesting as well.
{% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% for post in site.posts %} {% include archive-single.html %} {% endfor %}
{% capture written_label %}’None’{% endcapture %}
{% for collection in site.collections %} {% unless collection.output == false or collection.label == “posts” %} {% capture label %}{{ collection.label }}{% endcapture %} {% if label != written_label %}
{% capture written_label %}{{ label }}{% endcapture %} {% endif %} {% endunless %} {% for post in collection.docs %} {% unless collection.output == false or collection.label == “posts” %} {% include archive-single.html %} {% endunless %} {% endfor %} {% endfor %}
{% include base_path %} {% include group-by-array collection=site.posts field=”tags” %}
{% for tag in group_names %} {% assign posts = group_items[forloop.index0] %}
{% for post in posts %} {% include archive-single.html %} {% endfor %} {% endfor %}
This map is generated from a Jupyter Notebook file in /_talks/talkmap.ipynb, which mines the location fields in the .md files in _talks/.
{% if site.talkmap_link == true %}
See a map of all the places I've given a talk!
{% endif %}
{% for post in site.talks reversed %} {% include archive-single-talk.html %} {% endfor %}
{% include base_path %}
{% for post in site.teaching reversed %} {% include archive-single.html %} {% endfor %}
{% include base_path %} {% include toc %}
The privacy of my visitors is extremely important. This Privacy Policy outlines the types of personal information that is received and collected and how it is used.
First and foremost, I will never share your email address or any other personal information to anyone without your direct consent.
Like many other websites, this site uses log files to help learn about when, from where, and how often traffic flows to this site. The information in these log files include:
All of this information is not linked to anything that is personally identifiable.
When you visit this site “convenience” cookies are stored on your computer when you submit a comment to help you log in faster to Disqus the next time you leave a comment.
Third-party advertisers may also place and read cookies on your browser and/or use web beacons to collect information. This site has no access or control over these cookies. You should review the respective privacy policies on any and all third-party ad servers for more information regarding their practices and how to opt-out.
If you wish to disable cookies, you may do so through your web browser options. Instructions for doing so can be found on the specific web browsers’ websites.
Google Analytics is a web analytics tool I use to help understand how visitors engage with this website. It reports website trends using cookies and web beacons without identifying individual visitors. You can read Google Analytics Privacy Policy.
{% include base_path %} {% capture written_year %}’None’{% endcapture %} {% for post in site.posts %} {% capture year %}{{ post.date | date: ‘%Y’ }}{% endcapture %} {% if year != written_year %} <h2 id="{{ year | slugify }}" class="archive__subtitle">{{ year }}</h2> {% capture written_year %}{{ year }}{% endcapture %} {% endif %} {% include archive-single.html %} {% endfor %}
@import “jekyll-theme-primer”;
These .ipynb files are Jupyter notebook files that convert a TSV containing structured data about talks (talks.tsv) or presentations (presentations.tsv) into individual markdown files that will be properly formatted for the academicpages template. The notebooks contain a lot of documentation about the process. The .py files are pure python that do the same things if they are executed in a terminal, they just don’t have pretty documentation.
| <?xml version=”1.0” encoding=”utf-8”?>{% if page.xsl %}<?xml-stylesheet type=”text/xml” href=”{{ ‘/feed.xslt.xml’ | absolute_url }}”?>{% endif %}<feed xmlns=”http://www.w3.org/2005/Atom” {% if site.lang %}xml:lang=”{{ site.lang }}”{% endif %}> |
absolute_url }}” rel=”self” type=”application/atom+xml” /><link href=”{{ ‘/’ | absolute_url }}” rel=”alternate” type=”text/html” {% if site.lang %}hreflang=”{{ site.lang }}” {% endif %}/> |
date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign title = site.title | default: site.name %}{% if page.collection != “posts” %}{% assign collection = page.collection | capitalize %}{% assign title = title | append: “ | ” | append: collection %}{% endif %}{% if page.category %}{% assign category = page.category | capitalize %}{% assign title = title | append: “ | ” | append: category %}{% endif %}{% if title %} |
smartify | xml_escape }}</title>{% endif %}{% if site.description %} |
xml_escape }}</subtitle>{% endif %}{% if site.author %} |
default: site.author | xml_escape }}</name>{% if site.author.email %} |
xml_escape }}</email>{% endif %}{% if site.author.uri %} |
xml_escape }}</uri>{% endif %}</author>{% endif %}{% if page.tags %}{% assign posts = site.tags[page.tags] %}{% else %}{% assign posts = site[page.collection] %}{% endif %}{% if page.category %}{% assign posts = posts | where: “categories”, page.category %}{% endif %}{% unless site.show_drafts %}{% assign posts = posts | where_exp: “post”, “post.draft != true” %}{% endunless %}{% assign posts = posts | sort: “date” | reverse %}{% assign posts_limit = site.feed.posts_limit | default: 10 %}{% for post in posts limit: posts_limit %}<entry{% if post.lang %}{{“ “}}xml:lang=”{{ post.lang }}”{% endif %}>{% assign post_title = post.title | smartify | strip_html | normalize_whitespace | xml_escape %} |
absolute_url }}” rel=”alternate” type=”text/html” title=”{{ post_title }}” /> |
date_to_xmlschema }}</published> |
default: post.date | date_to_xmlschema }}</updated> |
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<h2 id="portfolio" class="archive__subtitle">portfolio</h2>
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
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<h2 id="publications" class="archive__subtitle">publications</h2>
There is a sizable academic literature studying the demand for life insurance products. Little is known, however, about how surviving spouses utilize life insurance payouts. We study individuals 50 and older and ask how they adjust their savings, spending, and bequest behavior after life insurance payouts are received. We show that, compared to widow(er)s not receiving payouts, widow(er)s receiving life insurance payouts do not experience shocks to consumption. We also show substantial heterogeneity in other household finance responses to payouts along the wealth distribution. The wealthiest survivors tend to save their payouts, spend down slowly, and experience little change in their bequest plans. The least wealthy, on the other hand, experience enhanced bequest motives for a short period before quickly spending their payouts. In the long run, these individuals even end up more likely to be receiving government support than widow(er)s without life insurance payouts.
Health insurance deductibles are designed to reduce medical spending by exposing consumers to higher upfront prices. I provide a formal analysis of what I term a ``deductible paradox”: within the standard forward-looking model of cost sharing, raising the deductible can paradoxically increase optimal spending for consumers who anticipate reaching the out-of-pocket maximum. When the model does predict a decline in utilization, it implies that small deductible increases should generate only modest reductions in spending. I test these predictions using quasi-experimental variation from Wisconsin’s introduction of a modest deductible in its previously zero-deductible health plan. Spending falls far more than the benchmark model can rationalize, with the largest reductions among high-risk enrollees who should respond least. To account for these patterns, I develop a behavioral dynamic model in which households respond myopically to spot prices and face billing delays. This behavioral model better matches both the magnitude and the risk gradient of the observed spending response, highlighting the central role of spot-price responses in shaping the impact of deductible changes.
🏆 The Rising Financial Literacy Scholar Award, 2026 Stanford Financial Education Symposium
Suboptimal health insurance choices impose substantial welfare costs on households, with enrollment patterns frequently violating financial dominance despite stakes exceeding thousands of dollars annually. We use a randomized field experiment with public university employees during open enrollment to evaluate whether decision aids that clarify these financial consequences affect enrollment patterns. The setting features a financially dominant high-deductible plan that saves money for all workers regardless of health spending, with typical savings around $2,000 annually, and a requirement to make an active choice confirming plan selection. We find that decision aids improve cost recognition by 22 percentage points. Yet they increase intended enrollment in the high-deductible plan by 6 percentage points and actual enrollment by only 2 percentage points, revealing substantial attenuation from understanding to behavior. Survey responses reveal that concerns about managing a health savings account, aversion to out-of-pocket costs, and reluctance to change from familiar plans limit the translation into enrollment. Treatment effects are largest among workers with limited prior plan engagement and vary substantially by liquidity constraints.
Status: Under review.
This paper shows that standard models of moral hazard predict a generosity paradox: less generous insurance can increase rather than decrease medical spending. Higher cost sharing makes it easier to reach the out-of-pocket maximum, where the marginal price is zero. Forward-looking consumers near that threshold therefore opti- mally increase their spending to reach the maximum. Using existing empirical estimates of the health need distribution and moral hazard responsiveness, I find that in many realistic scenarios, decreases in generosity lead to aggregate increases in spending and welfare losses. I discuss the practical implications of this for plan designers.
<h2 id="talks" class="archive__subtitle">talks</h2>
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<h2 id="teaching" class="archive__subtitle">teaching</h2>
Undergraduate course (2021-2024 Spring)
University of Wisconsin-Madison
MSBA Course (2025 Fall)
University of Wisconsin-Madison
MSBA Course (2026 Spring)
University of Wisconsin-Madison
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.archive__item-teaser{margin-bottom:2em}@media (min-width: 37.5em){.feature__item–right{text-align:right}.feature__item–right .archive__item-teaser{width:40.6779661017%;float:right;margin-left:1.6949152542%}.feature__item–right .archive__item-body{width:57.6271186441%;float:left;margin-left:0;padding-left:4.2372881356%;padding-right:8.4745762712%}}.feature__item–center{clear:both;width:100%;float:left;margin-left:0;margin-right:0;font-size:1.25rem}.feature__item–center .archive__item-teaser{margin-bottom:2em}@media (min-width: 37.5em){.feature__item–center{text-align:center}.feature__item–center .archive__item-teaser{margin:0 auto;width:40.6779661017%}.feature__item–center .archive__item-body{margin:0 auto;width:57.6271186441%}}.sidebar{-webkit-transform:translate3d(0, 0, 0);transform:translate3d(0, 0, 0);clear:both;margin-bottom:1em}.sidebar::after{clear:both;content:”“;display:table}@media screen and (min-width: 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57.8125em){.author__pronouns{margin-top:10px;margin-bottom:10px}}.author__bio{margin:0}@media (min-width: 57.8125em){.author__bio{margin-top:10px;margin-bottom:20px}}.sidebar .author__bio{font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;font-size:18px}.author__urls-wrapper{position:relative;display:table-cell;vertical-align:middle;font-family:-apple-system,”.SFNSText-Regular”,”San Francisco”,”Roboto”,”Segoe UI”,”Helvetica Neue”,”Lucida Grande”,Arial,sans-serif;z-index:10;position:relative;cursor:pointer}.author__urls-wrapper li:last-child a{margin-bottom:0}@media (min-width: 57.8125em){.author__urls-wrapper{display:block}}.author__urls-wrapper button{margin-bottom:0}@media (min-width: 57.8125em){.author__urls-wrapper button{display:none}}.author__urls{display:none;position:absolute;right:0;margin-top:15px;padding:10px;list-style-type:none;border:1px solid #f2f3f3;border-radius:4px;background:#fff;z-index:-1;box-shadow:0 0 10px rgba(0,0,0,0.25);cursor:default}@media (min-width: 57.8125em){.author__urls{display:block;position:relative;margin:0;padding:0;border:0;background:transparent;box-shadow:none}}.author__urls:before{display:block;content:”“;position:absolute;top:-11px;left:calc(50% - 10px);width:0;border-style:solid;border-width:0 10px 10px;border-color:#f2f3f3 transparent;z-index:0}@media (min-width: 57.8125em){.author__urls:before{display:none}}.author__urls:after{display:block;content:”“;position:absolute;top:-10px;left:calc(50% - 10px);width:0;border-style:solid;border-width:0 10px 10px;border-color:#fff transparent;z-index:1}@media (min-width: 57.8125em){.author__urls:after{display:none}}.author__urls li{white-space:nowrap}.author__urls a{display:block;margin-bottom:5px;padding-right:5px;padding-top:2px;padding-bottom:2px;color:inherit;font-size:16px;text-decoration:none}.author__urls a:hover{text-decoration:underline}/*!
Support for MathJax Version 3.0 is included in the template:
[\displaylines{ \nabla \cdot E= \frac{\rho}{\epsilon_0} \
\nabla \cdot B=0 \
\nabla \times E= -\partial_tB \
\nabla \times B = \mu_0 \left(J + \varepsilon_0 \partial_t E \right) }]
The default delimiters of $$...$$ and \\[...\\] are supported for displayed mathematics, while \\(...\\) should be used for in-line mathematics (ex., \(a^2 + b^2 = c^2\))
Note that since Academic Pages uses Markdown which cases some interference with MathJax and LaTeX for escaping characters and new lines, although some workarounds exist.
Academic Pages uses kramdown for Markdown rendering, which has some differences from other Markdown implementations such as GitHub’s. In addition to this guide, please see the kramdown Syntax page for full documentation.
Single line blockquote:
Quotes are cool.
| Entry | Item | |
|---|---|---|
| John Doe | 2016 | Description of the item in the list |
| Jane Doe | 2019 | Description of the item in the list |
| Doe Doe | 2022 | Description of the item in the list |
| Header1 | Header2 | Header3 |
|---|---|---|
| cell1 | cell2 | cell3 |
| cell4 | ce | |
| ll5 | cell6 | |
| cell1 | cell2 | cell3 |
| cell4 | cell5 | cell6 |
| Foot1 | Foot2 | Foot3 |
Make any link standout more when applying the .btn class.
Basic notices or call-outs are supported using the following syntax:
**Watch out!** You can also add notices by appending `{: .notice}` to the line following paragraph.
{: .notice}
which wil render as:
Watch out! You can also add notices by appending {: .notice} to the line following paragraph.
Footnotes can be useful for clarifying points in the text, or citing information.1 Markdown support numeric footnotes, as well as text as long as the values are unique.2
This is the regular text.[^1] This is more regular text.[^note]
[^1]: This is the footnote itself.
[^note]: This is another footnote.
This is an example of a link.
The abbreviation CSS stands for “Cascading Style Sheets”.
“Code is poetry.” —Automattic
You will learn later on in these tests that word-wrap: break-word; will be your best friend.
You can also write larger blocks of code with syntax highlighting supported for some languages, such as Python:
print('Hello World!')
or R:
print("Hello World!", quote = FALSE)
The HTML <details> tag works well with Markdown and allows you to include collapsible sections, see W3Schools for more information on how to use the tag.
The source code:
<details>
<summary>Collapsed by default</summary>
This section was collapsed by default!
</details>
Or, you can leave a section open by default by including the open attribute in the tag:
The emphasize tag should italicize text.
This tag should denote inserted text.
This scarcely known tag emulates keyboard text, which is usually styled like the <code> tag.
This tag styles large blocks of code.
.post-title {
margin: 0 0 5px;
font-weight: bold;
font-size: 38px;
line-height: 1.2;
and here's a line of some really, really, really, really long text, just to see how the PRE tag handles it and to find out how it overflows;
}
Developers, developers, developers…
–Steve Ballmer
This tag will let you strikeout text.
This tag shows bold text.
Getting our science styling on with H2O, which should push the “2” down.
Still sticking with science and Isaac Newton’s E = MC2, which should lift the 2 up.
This allows you to denote variables.
Footnotes
The footnotes in the page will be returned following this line, return to the section on Markdown Footnotes.
This is a page not in the menu. You can use markdown in this page.
{% include base_path %} {% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% include base_path %}
{% for post in site.portfolio %} {% include archive-single.html %} {% endfor %}
{% if site.author.googlescholar %}
{% endif %}
{% include base_path %}
{% if site.publication_category %} {% for category in site.publication_category %} {% assign title_shown = false %} {% for post in site.publications reversed %} {% if post.category != category[0] %} {% continue %} {% endif %} {% unless title_shown %} <h2>{{ category[1].title }}</h2><hr /> {% assign title_shown = true %} {% endunless %} {% include archive-single.html %} {% endfor %} {% endfor %} {% else %} {% for post in site.publications reversed %} {% include archive-single.html %} {% endfor %} {% endif %}
{% include base_path %}
{% assign working_papers = site.publications | where: “category”, “working_papers” %} {% for post in working_papers %} {% include archive-single.html %} {% endfor %}
{% assign work_in_progress = site.publications | where: “category”, “work_in_progress” %} {% for post in work_in_progress %} {% include archive-single.html %} {% endfor %}
{% include base_path %}
A list of all the posts and pages found on the site. For you robots out there is an XML version available for digesting as well.
{% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% for post in site.posts %} {% include archive-single.html %} {% endfor %}
{% capture written_label %}’None’{% endcapture %}
{% for collection in site.collections %} {% unless collection.output == false or collection.label == “posts” %} {% capture label %}{{ collection.label }}{% endcapture %} {% if label != written_label %}
{% capture written_label %}{{ label }}{% endcapture %} {% endif %} {% endunless %} {% for post in collection.docs %} {% unless collection.output == false or collection.label == “posts” %} {% include archive-single.html %} {% endunless %} {% endfor %} {% endfor %}
{% include base_path %} {% include group-by-array collection=site.posts field=”tags” %}
{% for tag in group_names %} {% assign posts = group_items[forloop.index0] %}
{% for post in posts %} {% include archive-single.html %} {% endfor %} {% endfor %}
This map is generated from a Jupyter Notebook file in /_talks/talkmap.ipynb, which mines the location fields in the .md files in _talks/.
{% if site.talkmap_link == true %}
See a map of all the places I've given a talk!
{% endif %}
{% for post in site.talks reversed %} {% include archive-single-talk.html %} {% endfor %}
{% include base_path %}
{% for post in site.teaching reversed %} {% include archive-single.html %} {% endfor %}
{% include base_path %} {% include toc %}
The privacy of my visitors is extremely important. This Privacy Policy outlines the types of personal information that is received and collected and how it is used.
First and foremost, I will never share your email address or any other personal information to anyone without your direct consent.
Like many other websites, this site uses log files to help learn about when, from where, and how often traffic flows to this site. The information in these log files include:
All of this information is not linked to anything that is personally identifiable.
When you visit this site “convenience” cookies are stored on your computer when you submit a comment to help you log in faster to Disqus the next time you leave a comment.
Third-party advertisers may also place and read cookies on your browser and/or use web beacons to collect information. This site has no access or control over these cookies. You should review the respective privacy policies on any and all third-party ad servers for more information regarding their practices and how to opt-out.
If you wish to disable cookies, you may do so through your web browser options. Instructions for doing so can be found on the specific web browsers’ websites.
Google Analytics is a web analytics tool I use to help understand how visitors engage with this website. It reports website trends using cookies and web beacons without identifying individual visitors. You can read Google Analytics Privacy Policy.
{% include base_path %} {% capture written_year %}’None’{% endcapture %} {% for post in site.posts %} {% capture year %}{{ post.date | date: ‘%Y’ }}{% endcapture %} {% if year != written_year %} <h2 id="{{ year | slugify }}" class="archive__subtitle">{{ year }}</h2> {% capture written_year %}{{ year }}{% endcapture %} {% endif %} {% include archive-single.html %} {% endfor %}
@import “jekyll-theme-primer”;
These .ipynb files are Jupyter notebook files that convert a TSV containing structured data about talks (talks.tsv) or presentations (presentations.tsv) into individual markdown files that will be properly formatted for the academicpages template. The notebooks contain a lot of documentation about the process. The .py files are pure python that do the same things if they are executed in a terminal, they just don’t have pretty documentation.
| <?xml version=”1.0” encoding=”utf-8”?>{% if page.xsl %}<?xml-stylesheet type=”text/xml” href=”{{ ‘/feed.xslt.xml’ | absolute_url }}”?>{% endif %}<feed xmlns=”http://www.w3.org/2005/Atom” {% if site.lang %}xml:lang=”{{ site.lang }}”{% endif %}> |
absolute_url }}” rel=”self” type=”application/atom+xml” /><link href=”{{ ‘/’ | absolute_url }}” rel=”alternate” type=”text/html” {% if site.lang %}hreflang=”{{ site.lang }}” {% endif %}/> |
date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign title = site.title | default: site.name %}{% if page.collection != “posts” %}{% assign collection = page.collection | capitalize %}{% assign title = title | append: “ | ” | append: collection %}{% endif %}{% if page.category %}{% assign category = page.category | capitalize %}{% assign title = title | append: “ | ” | append: category %}{% endif %}{% if title %} |
smartify | xml_escape }}</title>{% endif %}{% if site.description %} |
xml_escape }}</subtitle>{% endif %}{% if site.author %} |
default: site.author | xml_escape }}</name>{% if site.author.email %} |
xml_escape }}</email>{% endif %}{% if site.author.uri %} |
xml_escape }}</uri>{% endif %}</author>{% endif %}{% if page.tags %}{% assign posts = site.tags[page.tags] %}{% else %}{% assign posts = site[page.collection] %}{% endif %}{% if page.category %}{% assign posts = posts | where: “categories”, page.category %}{% endif %}{% unless site.show_drafts %}{% assign posts = posts | where_exp: “post”, “post.draft != true” %}{% endunless %}{% assign posts = posts | sort: “date” | reverse %}{% assign posts_limit = site.feed.posts_limit | default: 10 %}{% for post in posts limit: posts_limit %}<entry{% if post.lang %}{{“ “}}xml:lang=”{{ post.lang }}”{% endif %}>{% assign post_title = post.title | smartify | strip_html | normalize_whitespace | xml_escape %} |
absolute_url }}” rel=”alternate” type=”text/html” title=”{{ post_title }}” /> |
date_to_xmlschema }}</published> |
default: post.date | date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign excerpt_only = post.feed.excerpt_only | default: site.feed.excerpt_only %}{% unless excerpt_only %}<content type=”html” xml:base=”{{ post.url | absolute_url | xml_escape }}”><![CDATA[{{ post.content | strip }}]]></content>{% endunless %}{% assign post_author = post.author | default: post.authors[0] | default: site.author %}{% assign post_author = site.data.authors[post_author] | default: post_author %}{% assign post_author_email = post_author.email | default: nil %}{% assign post_author_uri = post_author.uri | default: nil %}{% assign post_author_name = post_author.name | default: post_author %} |
default: “” | xml_escape }}</name>{% if post_author_email %} |
xml_escape }}</email>{% endif %}{% if post_author_uri %} |
xml_escape }}</uri>{% endif %}</author>{% if post.category %}<category term=”{{ post.category | xml_escape }}” />{% elsif post.categories %}{% for category in post.categories %}<category term=”{{ category | xml_escape }}” />{% endfor %}{% endif %}{% for tag in post.tags %}<category term=”{{ tag | xml_escape }}” />{% endfor %}{% assign post_summary = post.description | default: post.excerpt %}{% if post_summary and post_summary != empty %}<summary type="html"><![CDATA[{{ post_summary | strip_html | normalize_whitespace }}]]></summary>{% endif %}{% assign post_image = post.image.path | default: post.image %}{% if post_image %}{% unless post_image contains “://” %}{% assign post_image = post_image | absolute_url %}{% endunless %}<media:thumbnail xmlns:media=”http://search.yahoo.com/mrss/” url=”{{ post_image | xml_escape }}” /><media:content medium=”image” url=”{{ post_image | xml_escape }}” xmlns:media=”http://search.yahoo.com/mrss/” />{% endif %}</entry>{% endfor %}</feed> |
| Sitemap: {{ “sitemap.xml” | absolute_url }} |
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
<h2>Working Papers</h2><hr />
Status: Under review.
This paper shows that standard models of moral hazard predict a generosity paradox: less generous insurance can increase rather than decrease medical spending. Higher cost sharing makes it easier to reach the out-of-pocket maximum, where the marginal price is zero. Forward-looking consumers near that threshold therefore opti- mally increase their spending to reach the maximum. Using existing empirical estimates of the health need distribution and moral hazard responsiveness, I find that in many realistic scenarios, decreases in generosity lead to aggregate increases in spending and welfare losses. I discuss the practical implications of this for plan designers.
🏆 The Rising Financial Literacy Scholar Award, 2026 Stanford Financial Education Symposium
Suboptimal health insurance choices impose substantial welfare costs on households, with enrollment patterns frequently violating financial dominance despite stakes exceeding thousands of dollars annually. We use a randomized field experiment with public university employees during open enrollment to evaluate whether decision aids that clarify these financial consequences affect enrollment patterns. The setting features a financially dominant high-deductible plan that saves money for all workers regardless of health spending, with typical savings around $2,000 annually, and a requirement to make an active choice confirming plan selection. We find that decision aids improve cost recognition by 22 percentage points. Yet they increase intended enrollment in the high-deductible plan by 6 percentage points and actual enrollment by only 2 percentage points, revealing substantial attenuation from understanding to behavior. Survey responses reveal that concerns about managing a health savings account, aversion to out-of-pocket costs, and reluctance to change from familiar plans limit the translation into enrollment. Treatment effects are largest among workers with limited prior plan engagement and vary substantially by liquidity constraints.
Health insurance deductibles are designed to reduce medical spending by exposing consumers to higher upfront prices. I provide a formal analysis of what I term a ``deductible paradox”: within the standard forward-looking model of cost sharing, raising the deductible can paradoxically increase optimal spending for consumers who anticipate reaching the out-of-pocket maximum. When the model does predict a decline in utilization, it implies that small deductible increases should generate only modest reductions in spending. I test these predictions using quasi-experimental variation from Wisconsin’s introduction of a modest deductible in its previously zero-deductible health plan. Spending falls far more than the benchmark model can rationalize, with the largest reductions among high-risk enrollees who should respond least. To account for these patterns, I develop a behavioral dynamic model in which households respond myopically to spot prices and face billing delays. This behavioral model better matches both the magnitude and the risk gradient of the observed spending response, highlighting the central role of spot-price responses in shaping the impact of deductible changes.
There is a sizable academic literature studying the demand for life insurance products. Little is known, however, about how surviving spouses utilize life insurance payouts. We study individuals 50 and older and ask how they adjust their savings, spending, and bequest behavior after life insurance payouts are received. We show that, compared to widow(er)s not receiving payouts, widow(er)s receiving life insurance payouts do not experience shocks to consumption. We also show substantial heterogeneity in other household finance responses to payouts along the wealth distribution. The wealthiest survivors tend to save their payouts, spend down slowly, and experience little change in their bequest plans. The least wealthy, on the other hand, experience enhanced bequest motives for a short period before quickly spending their payouts. In the long run, these individuals even end up more likely to be receiving government support than widow(er)s without life insurance payouts.
<h2>Work in Progress</h2><hr />
There is a sizable academic literature studying the demand for life insurance products. Little is known, however, about how surviving spouses utilize life insurance payouts. We study individuals 50 and older and ask how they adjust their savings, spending, and bequest behavior after life insurance payouts are received. We show that, compared to widow(er)s not receiving payouts, widow(er)s receiving life insurance payouts do not experience shocks to consumption. We also show substantial heterogeneity in other household finance responses to payouts along the wealth distribution. The wealthiest survivors tend to save their payouts, spend down slowly, and experience little change in their bequest plans. The least wealthy, on the other hand, experience enhanced bequest motives for a short period before quickly spending their payouts. In the long run, these individuals even end up more likely to be receiving government support than widow(er)s without life insurance payouts.
Health insurance deductibles are designed to reduce medical spending by exposing consumers to higher upfront prices. I provide a formal analysis of what I term a ``deductible paradox”: within the standard forward-looking model of cost sharing, raising the deductible can paradoxically increase optimal spending for consumers who anticipate reaching the out-of-pocket maximum. When the model does predict a decline in utilization, it implies that small deductible increases should generate only modest reductions in spending. I test these predictions using quasi-experimental variation from Wisconsin’s introduction of a modest deductible in its previously zero-deductible health plan. Spending falls far more than the benchmark model can rationalize, with the largest reductions among high-risk enrollees who should respond least. To account for these patterns, I develop a behavioral dynamic model in which households respond myopically to spot prices and face billing delays. This behavioral model better matches both the magnitude and the risk gradient of the observed spending response, highlighting the central role of spot-price responses in shaping the impact of deductible changes.
🏆 The Rising Financial Literacy Scholar Award, 2026 Stanford Financial Education Symposium
Suboptimal health insurance choices impose substantial welfare costs on households, with enrollment patterns frequently violating financial dominance despite stakes exceeding thousands of dollars annually. We use a randomized field experiment with public university employees during open enrollment to evaluate whether decision aids that clarify these financial consequences affect enrollment patterns. The setting features a financially dominant high-deductible plan that saves money for all workers regardless of health spending, with typical savings around $2,000 annually, and a requirement to make an active choice confirming plan selection. We find that decision aids improve cost recognition by 22 percentage points. Yet they increase intended enrollment in the high-deductible plan by 6 percentage points and actual enrollment by only 2 percentage points, revealing substantial attenuation from understanding to behavior. Survey responses reveal that concerns about managing a health savings account, aversion to out-of-pocket costs, and reluctance to change from familiar plans limit the translation into enrollment. Treatment effects are largest among workers with limited prior plan engagement and vary substantially by liquidity constraints.
Status: Under review.
This paper shows that standard models of moral hazard predict a generosity paradox: less generous insurance can increase rather than decrease medical spending. Higher cost sharing makes it easier to reach the out-of-pocket maximum, where the marginal price is zero. Forward-looking consumers near that threshold therefore opti- mally increase their spending to reach the maximum. Using existing empirical estimates of the health need distribution and moral hazard responsiveness, I find that in many realistic scenarios, decreases in generosity lead to aggregate increases in spending and welfare losses. I discuss the practical implications of this for plan designers.
{% include base_path %}
A list of all the posts and pages found on the site. For you robots out there is an XML version available for digesting as well.
{% for post in site.pages %} {% include archive-single.html %} {% endfor %}
{% for post in site.posts %} {% include archive-single.html %} {% endfor %}
{% capture written_label %}’None’{% endcapture %}
{% for collection in site.collections %} {% unless collection.output == false or collection.label == “posts” %} {% capture label %}{{ collection.label }}{% endcapture %} {% if label != written_label %}
{% capture written_label %}{{ label }}{% endcapture %} {% endif %} {% endunless %} {% for post in collection.docs %} {% unless collection.output == false or collection.label == “posts” %} {% include archive-single.html %} {% endunless %} {% endfor %} {% endfor %}
{% include base_path %} {% include group-by-array collection=site.posts field=”tags” %}
{% for tag in group_names %} {% assign posts = group_items[forloop.index0] %}
{% for post in posts %} {% include archive-single.html %} {% endfor %} {% endfor %}
This map is generated from a Jupyter Notebook file in /_talks/talkmap.ipynb, which mines the location fields in the .md files in _talks/.
{% if site.talkmap_link == true %}
See a map of all the places I've given a talk!
{% endif %}
{% for post in site.talks reversed %} {% include archive-single-talk.html %} {% endfor %}
{% include base_path %}
{% for post in site.teaching reversed %} {% include archive-single.html %} {% endfor %}
{% include base_path %} {% include toc %}
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{% include base_path %} {% capture written_year %}’None’{% endcapture %} {% for post in site.posts %} {% capture year %}{{ post.date | date: ‘%Y’ }}{% endcapture %} {% if year != written_year %} <h2 id="{{ year | slugify }}" class="archive__subtitle">{{ year }}</h2> {% capture written_year %}{{ year }}{% endcapture %} {% endif %} {% include archive-single.html %} {% endfor %}
@import “jekyll-theme-primer”;
These .ipynb files are Jupyter notebook files that convert a TSV containing structured data about talks (talks.tsv) or presentations (presentations.tsv) into individual markdown files that will be properly formatted for the academicpages template. The notebooks contain a lot of documentation about the process. The .py files are pure python that do the same things if they are executed in a terminal, they just don’t have pretty documentation.
| <?xml version=”1.0” encoding=”utf-8”?>{% if page.xsl %}<?xml-stylesheet type=”text/xml” href=”{{ ‘/feed.xslt.xml’ | absolute_url }}”?>{% endif %}<feed xmlns=”http://www.w3.org/2005/Atom” {% if site.lang %}xml:lang=”{{ site.lang }}”{% endif %}> |
absolute_url }}” rel=”self” type=”application/atom+xml” /><link href=”{{ ‘/’ | absolute_url }}” rel=”alternate” type=”text/html” {% if site.lang %}hreflang=”{{ site.lang }}” {% endif %}/> |
date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign title = site.title | default: site.name %}{% if page.collection != “posts” %}{% assign collection = page.collection | capitalize %}{% assign title = title | append: “ | ” | append: collection %}{% endif %}{% if page.category %}{% assign category = page.category | capitalize %}{% assign title = title | append: “ | ” | append: category %}{% endif %}{% if title %} |
smartify | xml_escape }}</title>{% endif %}{% if site.description %} |
xml_escape }}</subtitle>{% endif %}{% if site.author %} |
default: site.author | xml_escape }}</name>{% if site.author.email %} |
xml_escape }}</email>{% endif %}{% if site.author.uri %} |
xml_escape }}</uri>{% endif %}</author>{% endif %}{% if page.tags %}{% assign posts = site.tags[page.tags] %}{% else %}{% assign posts = site[page.collection] %}{% endif %}{% if page.category %}{% assign posts = posts | where: “categories”, page.category %}{% endif %}{% unless site.show_drafts %}{% assign posts = posts | where_exp: “post”, “post.draft != true” %}{% endunless %}{% assign posts = posts | sort: “date” | reverse %}{% assign posts_limit = site.feed.posts_limit | default: 10 %}{% for post in posts limit: posts_limit %}<entry{% if post.lang %}{{“ “}}xml:lang=”{{ post.lang }}”{% endif %}>{% assign post_title = post.title | smartify | strip_html | normalize_whitespace | xml_escape %} |
absolute_url }}” rel=”alternate” type=”text/html” title=”{{ post_title }}” /> |
date_to_xmlschema }}</published> |
default: post.date | date_to_xmlschema }}</updated> |
absolute_url | xml_escape }}</id>{% assign excerpt_only = post.feed.excerpt_only | default: site.feed.excerpt_only %}{% unless excerpt_only %}<content type=”html” xml:base=”{{ post.url | absolute_url | xml_escape }}”><![CDATA[{{ post.content | strip }}]]></content>{% endunless %}{% assign post_author = post.author | default: post.authors[0] | default: site.author %}{% assign post_author = site.data.authors[post_author] | default: post_author %}{% assign post_author_email = post_author.email | default: nil %}{% assign post_author_uri = post_author.uri | default: nil %}{% assign post_author_name = post_author.name | default: post_author %} |
default: “” | xml_escape }}</name>{% if post_author_email %} |
xml_escape }}</email>{% endif %}{% if post_author_uri %} |
xml_escape }}</uri>{% endif %}</author>{% if post.category %}<category term=”{{ post.category | xml_escape }}” />{% elsif post.categories %}{% for category in post.categories %}<category term=”{{ category | xml_escape }}” />{% endfor %}{% endif %}{% for tag in post.tags %}<category term=”{{ tag | xml_escape }}” />{% endfor %}{% assign post_summary = post.description | default: post.excerpt %}{% if post_summary and post_summary != empty %}<summary type="html"><![CDATA[{{ post_summary | strip_html | normalize_whitespace }}]]></summary>{% endif %}{% assign post_image = post.image.path | default: post.image %}{% if post_image %}{% unless post_image contains “://” %}{% assign post_image = post_image | absolute_url %}{% endunless %}<media:thumbnail xmlns:media=”http://search.yahoo.com/mrss/” url=”{{ post_image | xml_escape }}” /><media:content medium=”image” url=”{{ post_image | xml_escape }}” xmlns:media=”http://search.yahoo.com/mrss/” />{% endif %}</entry>{% endfor %}</feed> |
| Sitemap: {{ “sitemap.xml” | absolute_url }} |
This post will show up by default. To disable scheduling of future posts, edit config.yml and set future: false.
This is a sample blog post. Lorem ipsum I can’t remember the rest of lorem ipsum and don’t have an internet connection right now. Testing testing testing this blog post. Blog posts are cool.
This is a sample blog post. Lorem ipsum I can’t remember the rest of lorem ipsum and don’t have an internet connection right now. Testing testing testing this blog post. Blog posts are cool.
This is a sample blog post. Lorem ipsum I can’t remember the rest of lorem ipsum and don’t have an internet connection right now. Testing testing testing this blog post. Blog posts are cool.
This is a sample blog post. Lorem ipsum I can’t remember the rest of lorem ipsum and don’t have an internet connection right now. Testing testing testing this blog post. Blog posts are cool.
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
This is an item in your portfolio. It can be have images or nice text. If you name the file .md, it will be parsed as markdown. If you name the file .html, it will be parsed as HTML.
There is a sizable academic literature studying the demand for life insurance products. Little is known, however, about how surviving spouses utilize life insurance payouts. We study individuals 50 and older and ask how they adjust their savings, spending, and bequest behavior after life insurance payouts are received. We show that, compared to widow(er)s not receiving payouts, widow(er)s receiving life insurance payouts do not experience shocks to consumption. We also show substantial heterogeneity in other household finance responses to payouts along the wealth distribution. The wealthiest survivors tend to save their payouts, spend down slowly, and experience little change in their bequest plans. The least wealthy, on the other hand, experience enhanced bequest motives for a short period before quickly spending their payouts. In the long run, these individuals even end up more likely to be receiving government support than widow(er)s without life insurance payouts.
Health insurance deductibles are designed to reduce medical spending by exposing consumers to higher upfront prices. I provide a formal analysis of what I term a ``deductible paradox”: within the standard forward-looking model of cost sharing, raising the deductible can paradoxically increase optimal spending for consumers who anticipate reaching the out-of-pocket maximum. When the model does predict a decline in utilization, it implies that small deductible increases should generate only modest reductions in spending. I test these predictions using quasi-experimental variation from Wisconsin’s introduction of a modest deductible in its previously zero-deductible health plan. Spending falls far more than the benchmark model can rationalize, with the largest reductions among high-risk enrollees who should respond least. To account for these patterns, I develop a behavioral dynamic model in which households respond myopically to spot prices and face billing delays. This behavioral model better matches both the magnitude and the risk gradient of the observed spending response, highlighting the central role of spot-price responses in shaping the impact of deductible changes.
🏆 The Rising Financial Literacy Scholar Award, 2026 Stanford Financial Education Symposium
Suboptimal health insurance choices impose substantial welfare costs on households, with enrollment patterns frequently violating financial dominance despite stakes exceeding thousands of dollars annually. We use a randomized field experiment with public university employees during open enrollment to evaluate whether decision aids that clarify these financial consequences affect enrollment patterns. The setting features a financially dominant high-deductible plan that saves money for all workers regardless of health spending, with typical savings around $2,000 annually, and a requirement to make an active choice confirming plan selection. We find that decision aids improve cost recognition by 22 percentage points. Yet they increase intended enrollment in the high-deductible plan by 6 percentage points and actual enrollment by only 2 percentage points, revealing substantial attenuation from understanding to behavior. Survey responses reveal that concerns about managing a health savings account, aversion to out-of-pocket costs, and reluctance to change from familiar plans limit the translation into enrollment. Treatment effects are largest among workers with limited prior plan engagement and vary substantially by liquidity constraints.
Status: Under review.
This paper shows that standard models of moral hazard predict a generosity paradox: less generous insurance can increase rather than decrease medical spending. Higher cost sharing makes it easier to reach the out-of-pocket maximum, where the marginal price is zero. Forward-looking consumers near that threshold therefore opti- mally increase their spending to reach the maximum. Using existing empirical estimates of the health need distribution and moral hazard responsiveness, I find that in many realistic scenarios, decreases in generosity lead to aggregate increases in spending and welfare losses. I discuss the practical implications of this for plan designers.
This is a description of your talk, which is a markdown files that can be all markdown-ified like any other post. Yay markdown!
This is a description of your tutorial, note the different field in type. This is a markdown files that can be all markdown-ified like any other post. Yay markdown!
This is a description of your talk, which is a markdown files that can be all markdown-ified like any other post. Yay markdown!
This is a description of your conference proceedings talk, note the different field in type. You can put anything in this field.
Undergraduate course (2021-2024 Spring)
University of Wisconsin-Madison
MSBA Course (2025 Fall)
University of Wisconsin-Madison
MSBA Course (2026 Spring)
University of Wisconsin-Madison