iiinova — where your digital self keeps evolving

Toni Whited @toniwhited.bsky.social · 12/08/2026

I'm giving a PhD lecture on structural estimation at the EFA. A while back I overheard at a conference a VERY WELL-KNOWN person in the profession say, "STRUCTURAL IS DEAD. It was a fad." So I'm starting my lecture with this. #EconSky

This gives the number of publications per year in structural non-asset-pricing finance per year from 1992 to 8/2026. There are few until 2021 and then it takes off with 20-30 publications per year.

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Toni Whited @toniwhited.bsky.social · 05/03/2025

rodneywhitecenter.wharton.upenn.edu/2025-summer-... 12 more days to apply to our summer school in structural estimation! It's a hands-on course in which you learn how to do SMM and then work on a problem set with your classmates. Open to PhD students in finance, accounting, econ. And faculty.

rodneywhitecenter.wharton.upenn.edu

2025 Summer School on Structural Estimation in Corporate Finance

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Toni Whited @toniwhited.bsky.social · 26/02/2025

I was today old when I learned that there are two camps of people who use LaTeX. Those who tolerate a gazillion errors as long as the pdf looks OK, and those who like zero errors. HOW CAN PEOPLE LIVE WITH A GAZILLION LATEX ERRORS It's just not that hard to learn enough LaTeX to make it work right.

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Toni Whited @toniwhited.bsky.social · 23/02/2025

Greatest email from a student: "Now I get why you taught us about good replication practices - they are really important."

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Toni Whited @toniwhited.bsky.social · 04/02/2025

Luke Taylor, Stephen Terry, and I are doing it again. This will be the 5th structural summer school in finance. We do not just teach papers. We teach techniques, and then we have students work on a problem set. Please get your students to apply. rodneywhitecenter.wharton.upenn.edu/2025-summer-...

rodneywhitecenter.wharton.upenn.edu

2025 Summer School on Structural Estimation in Corporate Finance

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Toni Whited @toniwhited.bsky.social · 03/02/2025

Well, this got accepted at the RFS a while back, but I've been avoiding social media, so I didn't post about it. My coauthor, Li He, was the brains here. We are looking at the interaction between relative performance evaluation and competition. papers.ssrn.com/sol3/papers....

papers.ssrn.com

Relative Performance Evaluation and Strategic Competition

We examine how relative performance evaluation (RPE) affects industry competition--a question relevant for corporate boards interested in incentivizing executiv

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Toni Whited @toniwhited.bsky.social · 20/01/2025

A new reason to hate Overleaf. Its grammar checker doesn't know when to use "due to" and "because of."

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Toni Whited @toniwhited.bsky.social · 12/01/2025

Work avoidance behavior for reviewing PhD applications.

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Toni Whited @toniwhited.bsky.social · 09/01/2025

Just finished teaching the first class of my Econ undergrad course (which is basically an investments course). Love these kiddos. Smart. Good attitudes. So much more fun than in my previous life as a b school prof.

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Pedro Sant’Anna @pedrosantanna.bsky.social · 31/12/2024

I have now posted 14 decks of slides covering a lot of DiD materials. I also want to add a few more decks: - Triple Differences - DiD with Continuous Treatment - Instrumented DiD - Synthetic DiD and related extensions - Heterogeneity analysis in DiD I also want to add more applications to these!

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Toni Whited @toniwhited.bsky.social · 30/12/2024

Please don't just dump important parts of papers into internet appendices to make them appear shorter. Make a coherent, self-contained essay, and then figure out what is ancillary and what is not. Only the ancillary stuff goes in an appendix. Referees hate LONG papers.

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VoteVets @votevets.org · 29/12/2024

Rest in peace to Submariner LT James Earl Carter Jr, USN (Ret). Carter, the only U.S. President to graduate from the U.S. Naval Academy, leaves a legacy of service. The USS Jimmy Carter (SSN-23), a Seawolf-class fast-attack submarine, carries his name in honor of his dedication to our nation.

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Toni Whited @toniwhited.bsky.social · 26/12/2024

Burgers and slaw for Xmas dinner. And beer.

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Toni Whited @toniwhited.bsky.social · 17/12/2024

Haven't used chatGPT in a while. Its answers have gotten VERY wordy. There must be a LOT of overly verbose garbage on whatever training data it has used.

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Irwin (Bud) Collier @irwincollier.bsky.social · 10/12/2024

#EconSky Price theory à la UCLA taught by Jack Hirshleifer in 1972. His course outline with reading list has been transcribed and posted at Economics in the Rear-view Mirror. www.irwincollier.com/ucla-price-t...

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Ivan T Ivanov @ivantivanov.bsky.social · 07/12/2024

The expiration of the TCJA next year will renew debates on whether the federal income tax exemption of municipal bonds should be preserved or eliminated. The exemption subsidizes infrastructure spending at the state/local level with federal taxpayer money. A 🧵:

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Asaf Manela @amanela.bsky.social · 03/12/2024

1/ Does finance benefit society? 📈📉 In a forthcoming Review of Financial Studies paper, @mjha91.bsky.social , Hongyi Liu, and yours truly tackle this question by leveraging large language models to measure sentiments in books spanning centuries and continents. 🧵

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Toni Whited @toniwhited.bsky.social · 03/12/2024

I dislike Overleaf intensely. It's made for people with young eyes. They won't fix the font problem. What's with that? People over 40 don't know LaTeX? No dates on file names. Need to use the internet. Otherwise, you use a workaround, which latex editors do anyway. Sharing is the only good part.

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Toni Whited @toniwhited.bsky.social · 01/12/2024

Not quite right. Fee is 850 (up from July). Below predecessor's 1K. No fee for resubmissions, so we reward good papers. Most of the fee goes toward paying referees, and they get paid for resubmissions too. That's the main reason we are fast. Note: disagreement \ne statement of superiority.

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Toni Whited @toniwhited.bsky.social · 01/12/2024

JFE turnaround stats for the last 6 months. We are so much faster than the other journals. There's the occasional errant referee, but overall, we are really fast. We give the referees 28 days, and the editors do not leave the papers on their desks for weeks and months.

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Toni Whited @toniwhited.bsky.social · 30/11/2024

It's job market season, so we do mock interviews with our PhD candidates. I tried something new: having my students interview me about my paper. This lets them see how it works and lets me demo how to avoid mistakes like droning on and on or not listening to questions or going off on tangents.

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Toni Whited @toniwhited.bsky.social · 29/11/2024

This also applies to talking to otherwise smart family members. Sigh.

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Sophie Pedder @sophiepedder.bsky.social · 29/11/2024

Wow. Here is one to brighten up your morning. The first images of the restored interior of Notre Dame cathedral. Breathtaking. In just five years France did it

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⑆Luke Stein⑈ @lukestein.com · 26/11/2024

When your appendix has 68 (underpowered) robustness tests

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Toni Whited @toniwhited.bsky.social · 26/11/2024

I tell this to students all the time. Just get the project down on paper.

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Toni Whited @toniwhited.bsky.social · 24/11/2024

CCP means conditional choice probability consumer credit panel советская социалистическая республика

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Prof Dynarski @dynarski.bsky.social · 24/11/2024

Long Covid hit me after my second infection Lasted six months Doing my best to avoid getting Covid again while still living a full life

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Toni Whited @toniwhited.bsky.social · 20/11/2024

Blue Sky has made it. My 96 year old mom wants off Twitter and onto Blue Sky. Wish me luck in walking her through installing the app on her iPad and setting up and account.

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Laurens Swinkels @lswinkels.bsky.social · 20/11/2024

Forthcoming in the Journal of Financial Economics. For the financial history lovers and for the insider trading fanbase. @toniwhited.bsky.social #EconSky #FinSky Link to paper: papers.ssrn.com/sol3/papers....

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Toni Whited @toniwhited.bsky.social · 19/11/2024

Nothing quite as "going-to-have-a-heart-attack-oh-wait-no-it's-ok" as getting a referee request from an editor that's handling your R&R.

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Toni Whited @toniwhited.bsky.social · 19/11/2024

In a ziplock (or bowl), mix 500g kefir, a bunch of chopped green onions, and 2 tablespoons salt. Add 4-6 bone-in, skin-on chicken thighs.Leave on counter 4-6 hours. Put chicken on a baking sheet with some onion bits. Roast at 425F for 25 minutes. DO NOT add frills. So good.

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Toni Whited @toniwhited.bsky.social · 16/11/2024

White backgrounds are better for coding than black backgrounds, which were rejected when computer screens started to be able to handle multiple colors. Let's see if I can get a rise out of anybody with that.

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Shosh Vasserman @shoshievass.bsky.social · 16/11/2024

I support this stance

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Toni Whited @toniwhited.bsky.social · 11/11/2024

It's a shame that 90s style weird pizzas are so out of vogue because this one is SPECTACULAR. Pears, walnuts, blue cheese, olive oil drizzle, sage, salami (or prosciutto), and mozzarella. Before and after. SO GOOD.

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Toni Whited @toniwhited.bsky.social · 10/11/2024

Interesting. I put the exact same thing on here and on Twitter. Ratio of likes to followers here is 1/200. Ratio of likes to rollowers on Twitter is 1/166, so very close. Folow me. I post about the JFE, some of my own work, complaints (and I'm usually funny when I'm pissed off), and food.

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Toni Whited @toniwhited.bsky.social · 10/11/2024

I hate Matlab. You take a gawdawful mess that uses repeat, permutedims, kron, ones, zeros, and who knows what else, and you ask an AI to translate it to Julia and you get a pretty little loop with broadcasting that is actually faster than this impossible to read vectorization.

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Toni Whited @toniwhited.bsky.social · 08/11/2024

Great use for generative AI: mock up an outline for notes to the referee. 1. Upload an old copy of your notes to the referee in LaTeX. 2. Upload the reports. 3. Ask the AI to make an outline using the style of the notes you uploaded. Saves a couple of hours.

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Toni Whited @toniwhited.bsky.social · 30/10/2024

Please don’t let an AI put “delving into the interplay” into anything you write.

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Toni Whited @toniwhited.bsky.social · 25/10/2024

LinkedIn is a little confused.

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Toni Whited @toniwhited.bsky.social · 22/10/2024

New use for chatGPT: turning evil, unintelligible vectorized Matlab code into easily interpretable Julia loops.

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Toni Whited @toniwhited.bsky.social · 22/10/2024

Since when did publish become regularly used as an intransitive verb? e.g., "the paper published well." What does that even mean? Papers don't publish themselves. I'm going to lose this one, just like I've already lost "codes" used to describe computer programs rather than code.

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Toni Whited @toniwhited.bsky.social · 21/10/2024

Spending 2 weeks a WU-Wien and the Vienna Graduate School of Finance. I've been coming here since 2007. It's a very underrated program. Great students and faculty, and a spectacularly well-organized program.

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Toni Whited @toniwhited.bsky.social · 20/10/2024

This is what happens when you go on a hike, take a wrong turn, get lost, and use your phone to find your way back to the tram stop.

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Toni Whited @toniwhited.bsky.social · 12/10/2024

Why do people always start the first slide of their presentations with a title "Motivation"? I think this is just inviting annoying comments. My first slide is always the research question. The motivation comes later after the audience is squarely in my playing field.

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