FACULTY AWARD: Obama to appoint Shafir to financial advisory council

Feb. 2, 2012 11:27 a.m.

President Barack Obama has announced his intention to appoint Eldar Shafir, Princeton University's William Stewart Tod Professor of Psychology and Public Affairs, to the President's Advisory Council on Financial Capability. The council's role is to advise the president and the secretary of the treasury on means to promote and enhance individuals' and families' financial capability through financial education and financial access. Shafir's research focuses on descriptive analyses of decision making and on issues related to behavioral economics, with a focus on poverty and on the application of behavioral research to policy.