Artificial Intelligence, Digitization, and Financial Markets
Organized by Shashwat Alok and Amit Seru
Supported by Indian School of Business
December 14-15, 2026
Indian School of Business (ISB), Hyderabad, India
Monday, December 14
Digitization: Costs and Benefits

The Economics of Digital Transactions

Shilpa Aggarwal, Indian School of Business (ISB)
Syed Anas Ahmed, Indian School of Business (ISB)
Shashwat Alok, Indian School of Business (ISB)
Bhagwan Chowdhry, Indian School of Business (ISB)

Discussant:
Raghuram Rajan, The University of Chicago and NBER

Open Banking and Credit Allocation

Janis Skrastins, University of Utah
Emily Breza, Harvard University and NBER
Bernadus Doornik, Banco Central do Brasil
Dimas M. Fazio, National University of Singapore
Maryam Farboodi, Massachusetts Institute of Technology and NBER

Discussant:
Amit Seru, Stanford University and NBER

When Privacy Protects but Excludes: The Costs and Benefits of Privacy Regulation in Credit Markets

Sumit Agarwal, National University of Singapore
Pulak Ghosh, India Institute of Management Bangalore
Peiyi Jin, Princeton University
Shohini Kundu, University of California, Los Angeles
Nishant Vats, Washington University in St. Louis
Xinbo Wang Xu Yingze

Discussant:
Nicola Limodio, Bocconi University
Financial Advice and Households

AI Financial Advice: Supply, Demand, and Life Cycle Implications

Taha Choukhmane, Massachusetts Institute of Technology and NBER
Tim de Silva, Stanford University
Weidong Lin, Massachusetts Institute of Technology
Matthew Akuzawa, Harvard University

Discussant:
Neha Bairoliya, University of Southern California

Human Financial Advice in the Age of Automation

Fiona E. Greig, The Vanguard Group
Tarun Ramadorai, London School of Economics
Alberto G. Rossi, Georgetown University
Ansgar Walther, Imperial College London
Stephen Utkus, University of Pennsylvania

Discussant:
Sumit Agarwal, National University of Singapore
Tuesday, December 15
Algorithms

Algorithmic Bias with Data Scarcity: Evidence from India

Abhiman Das, Indian Institute of Management Ahmedabad
Aarushi Kalra, University of Oxford
Nirupama Kulkarni, CAFRAL
Advait Moharir, Michigan State University

Discussant:
Vikrant Vig, Stanford University and NBER

Trading against Algorithms: Price Dynamics and Risk-sharing in a Market with Q-learners

Snehal Banerjee, University of Michigan
Martin A. Szydlowski, Hong Kong University of Science and Technology (HKUST)

Discussant:
Viral V. Acharya, New York University and NBER
Productivity, Innovation, and Entrepreneurship

The Indian Innovation Puzzle

Namrata Kala, Massachusetts Institute of Technology and NBER
Josh Lerner, Harvard University and NBER
Junxi Liu, University of Warwick

Discussant:
Anusha Chari, University of North Carolina at Chapel Hill and NBER

Generative AI and Entrepreneurship

Abhinav Gupta, University of North Carolina at Chapel Hill
Franklin Qian, University of North Carolina at Chapel Hill
Elena Simintzi, University of North Carolina at Chapel Hill

Discussant:
Erica Xuewei Jiang, University of California, Los Angeles and NBER

AI and Productivity: The Role of Innovation

Viral V. Acharya, New York University and NBER
Xuehua Shao, University of New South Wales
Zhaoxia Xu, University of New South Wales

Discussant:
Per Stromberg, Stockholm School of Economics