Our audit study asks AI to assess simple mortgage applications (real HMDA data w/ randomized race and credit scores)
🦶🦶🏼🦶🏿 Download lukeste.in/llmmortgage
1/
It came from a vigilante with a tumultuous past, who'd conducted a years-long undercover operation. He didn’t tell the FBI or his family. He only told me.
It came from a vigilante with a tumultuous past, who'd conducted a years-long undercover operation. He didn’t tell the FBI or his family. He only told me.
"Revisiting Board Independence Mandates: Evidence from Director Reclassifications" provides causal evidence on the effects of mandated board independence.
Joint with Jerome Taillard (@babsoncollege.bsky.social)
#ASSA2025 #EconSky #FinSky
1/N
"Revisiting Board Independence Mandates: Evidence from Director Reclassifications" provides causal evidence on the effects of mandated board independence.
Joint with Jerome Taillard (@babsoncollege.bsky.social)
#ASSA2025 #EconSky #FinSky
1/N
• Eliminates approval recommendation gap (on average and across different credit scores)
• Reduces average racial interest rate gap by about 60% (from 35bp to 14), with even larger effects for lower-credit-score Black applicants
8/
One catch: AI wrote the hypotheses after seeing the results.
Should this matter?
New paper w/ Robert Novy-Marx on AI-Powered (Finance) Scholarship🧵
papers.ssrn.com/sol3/papers....
One catch: AI wrote the hypotheses after seeing the results.
Should this matter?
New paper w/ Robert Novy-Marx on AI-Powered (Finance) Scholarship🧵
papers.ssrn.com/sol3/papers....
acfr.aut.ac.nz/conferences-...
acfr.aut.ac.nz/conferences-...
Our audit study asks AI to assess simple mortgage applications (real HMDA data w/ randomized race and credit scores)
🦶🦶🏼🦶🏿 Download lukeste.in/llmmortgage
1/
Our audit study asks AI to assess simple mortgage applications (real HMDA data w/ randomized race and credit scores)
🦶🦶🏼🦶🏿 Download lukeste.in/llmmortgage
1/