Adair Morse

Adair Morse

Title
Associate Professor
Department
Haas School of Business
Faculty URL
http://facultybio.haas.berkeley.edu/faculty-list/morse-adair/
Email
morse@haas.berkeley.edu
Phone
(510) 643-1425
 
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Research Expertise and Interest
household finance, corruption and government, asset management
Research Description

My work spans three areas of finance: household finance, corruption & governance, and asset management. A unifying theme across all of my research is that I seek to expand knowledge by focusing on areas of finance where research can inform policy or product innovations to improve economic playing fields, especially for those not empowered. My interest in household finance and asset management comes from these topics being both understudied and critically important for the financial welfare of people. An even more transparent current that runs through my agenda is a desire to speak on topics in which some party is worse off because of some form of corruption or governance/regulatory failure in the financial system.

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Featured in the Media

Please note: The views and opinions expressed in these articles are those of the authors and do not necessarily reflect the official policy or positions of UC Berkeley.
January 17, 2019

Say goodbye to all that paperwork: Digital mortgages have arrived

Washington Post
Brenda Richardson
The digital mortgage marketplace is becoming increasingly competitive, and while the new way of acquiring loans may make the process more user-friendly, it's not likely to solve problems of bias. As a new study from Berkeley's Haas School of Business found, algorithms used to analyze consumers' finances can carry over biases, resulting in statistical discrimination and pricing variability. "Our results tell us that lenders have pricing schemes that enable them to charge higher interest, and thus take higher profits from minorities, even if the pricing schemes are not intentionally aimed toward minorities," says business and finance professor Adair Morse, a study co-author. "These pricing schemes instead may target borrowers who are not able to shop around more or who choose not to shop around more. If a seller knows he or she can charge a higher price without the customer shopping around, it is good business practice to do so. But this inadvertently may cause discrimination." For more on this study, see our story at Berkeley News.
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