Xuelin Li is an Assistant Professor of Finance at Columbia Business School.

Ishit Sen is an Assistant Professor of Finance at the Harvard Business School.

Constantine Yannelis is an Associate Professor of Finance at the University of Chicago Booth School of Business.

David Zhang is an Assistant Professor of Finance at the Jesse H. Jones Graduate School of Business at Rice University. His presentation is titled, "Algorithmic Underwriting in High Risk Mortgage Markets." 

Abstract: We study the effects of a policy that shifted from pure human underwriting to human-augmented algorithmic underwriting for low-credit-score, high-leverage mortgage borrowers. Estimating the bunching of loans around the policy's debt-to-income threshold, we find a large credit...