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X-WR-CALNAME:Detroit Neighborhood Entrepreneurs Project
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X-WR-CALDESC:Events for Detroit Neighborhood Entrepreneurs Project
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DTSTART;TZID=America/Detroit:20210401T120000
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DTSTAMP:20240627T232441Z
CREATED:20240627T232441Z
LAST-MODIFIED:20240627T232441Z
UID:21798-1617278400-1617282000@detroitsmallbusiness.umich.edu
SUMMARY:The myth of the "millionaire mindset": Experimental evidence from Filipino entrepreneurs
DESCRIPTION:Professor Dean Yang will talk about the recent paper\, “Aspirations and Financial Decisions: Experimental Evidence from the Philippines.” \nA randomized experiment among poor entrepreneurs tested the impact of exogenously inducing higher financial aspirations. In theory\, raising aspirations could have positive effects by inducing higher effort\, but could also reduce effort if unmet aspirations lead to frustration. Treatment resulted in more ambitious savings goals\, but nearly all individuals fell far short of reaching these goals. Two years later\, treated individuals had not saved more\, and actually had lower borrowing and business investments. Treatment also reduced belief in the amount of control over one’s life. Setting aspirations too high can lead to frustration\, leading individuals to reduce their economic investments. (from “Aspirations and Financial Decisions: Experimental Evidence from the Philippines”). \nSpeakers:\nDean Yang\, Professor of Public Policy and Economics
URL:https://detroitsmallbusiness.umich.edu/event/2024/the-myth-of-the-millionaire-mindset-experimental-evidence-from-filipino-entrepreneurs/
LOCATION:Virtual Event
CATEGORIES:Center on Finance, Law & Policy,CFLP Blue Bag Lunches,Public Event
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DTSTART;TZID=America/Detroit:20191017T170000
DTEND;TZID=America/Detroit:20191017T200000
DTSTAMP:20240709T185819Z
CREATED:20240627T232442Z
LAST-MODIFIED:20240709T185819Z
UID:21762-1571331600-1571342400@detroitsmallbusiness.umich.edu
SUMMARY:Detroit Neighborhood Entrepreneurs Project Showcase
DESCRIPTION:NOTE: Student volunteers are needed to help businesses check in & get set up! Email Justin Erickson at jtimothy@umich.edu if you can help!
URL:https://detroitsmallbusiness.umich.edu/event/2024/detroit-neighborhood-entrepreneurs-project-showcase/
LOCATION:University of Michigan Detroit Center\, 3663 Woodward Ave\, Detroit\, MI\, 48201\, United States
CATEGORIES:Center on Finance, Law & Policy,Program in Practical Policy Engagement
ATTACH;FMTTYPE=image/jpeg:https://detroitsmallbusiness.umich.edu/wp-content/uploads/2022/12/dnep-showcase-oct17-teaser-1090x681-99d.jpg
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