Professor Chad Syverson suggests that in the US, the effects of early stay-at-home policies were mild in comparison to people’s fears of contracting the virus.
BREAKING NEWS:
The Royal Swedish Academy of Sciences has decided to award the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig “for research on banks and financial crises.”
#NobelPrize
Numerous experiments have demonstrated that people are more generous with money they’ve earned unethically. But professor
@alexoimas
finds that there’s a way to avoid this self-imposed penalty:
When COVID lockdowns started, the use of cash plummeted. Is a fully cashless world on the horizon? How would that affect people outside the formal financial system? Professor Raghuram Rajan shares his insights on the Pandemic Economics podcast:
Congratulations to professor Alex Imas for winning the prestigious 2020 Exeter Prize! His paper examines how biased evaluations can lead to discrimination against women in the workplace.
The Booth community mourns the loss of Yiran Fan, a PhD student, who was tragically shot and killed yesterday. Yiran is remembered as a smart and incredibly talented student, highly respected by his peers and beloved by all who knew him.
Congratulations again to
#ChicagoBooth
professor Douglas Diamond, 2022
#NobelPrize
laureate in Economic Sciences! Watch his reaction to winning the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022.
JP Gan, ’99, one of the world’s most successful venture capitalists, believes that passion is key to a successful startup. “You don’t come to work to make an extra dollar,” he says. “You come to work because you love the game.”
#AAPIHeritageMonth
Happy Booth anniversary to professor
@Austan_Goolsbee
! This year marks 26 years since the renowned economist joined our faculty and first brought his trademark wit to the classroom. “It has been a great blessing to be part of this place and to learn from so many,” Goolsbee says.
In Switzerland, fines like speeding tickets are adjusted by someone’s net worth. Learn why professor Jean-Pierre Dubé says the US should adopt personalized fines to support poor people and collect revenue.
@chicagoboothrev
A Booth class brings students across the ocean to tackle some of India’s most complex problems. Learn how students are making an impact through experiential learning:
Professor Nicholas Epley shares why he teaches the ethics course Designing a Good Life. Hear him discuss the important role ethics have played in his own life, from driving his research to shaping his family.
Professor Marianne Bertrand discusses why gender
#inequality
is a global phenomenon, what it means for women, and where we can go from here.
@chicagoboothrev
We’re excited to announce the opening of Mindworks, a new behavioral science center from
@CDR_Booth
in downtown Chicago. Free and open to the public, the center features hands-on exhibits that explore the inner workings of human behavior. Learn more:
Most Americans across the political spectrum prefer businesses that enforce
#mask
wearing and would pay extra to be in such an environment, research suggests.
@chicagoboothrev
Professor Nicholas Epley’s research has shown time and again that spoken messages are viewed as more thoughtful, intelligent, and rational than written ones.
#BehavioralScience
Government corruption is hard to see, and its drag on economic development is hard to measure. But Booth researchers found a way to gauge the effects of a crackdown on
#corruption
.
@chicagoboothrev
Milton Friedman said that companies’ sole social responsibility is to make profits and put their shareholders first. But as fights for social and economic equality play out across the US, companies are finding it near impossible not to weigh in.
Almost a century ago, Ursula Batchelder Stone, PhD ’29, became the first woman to earn a PhD in business from an American university. Stone fought for women's suffrage and her community's safety, revitalizing Hyde Park with new housing and businesses.
#WomensHistoryMonth
Companies make calculated decisions about which suppliers to pay late and how long to delay payment, professor John R. Birge suggests. His study identifies some of the factors that affect companies’ late payment decisions and behaviors.
After discharging from the Korean Air Force, Mike Seo worked in the aerospace and defense industry for 13 years, then decided to pursue his MBA at Booth’s Hong Kong campus. Learn more about the 75th Anniversary Scholar.
#AAPIHeritageMonth
Roger Kamau, ’05, was ecstatic when the Milwaukee Bucks won the 2021 NBA championship. He's been with the team for 5 years, and helped develop Deer District. “Celebrating the championship with both the business staff & basketball team will be a memory I won’t forget.”
#BucksInSix
Watch professor Raghuram Rajan explain the challenges we’ll face after the pandemic dies down, including more public debt and firm closures.
How do you think the post-coronavirus economy will differ?
@chicagoboothrev
Harvard’s Claudia Goldin suggests that job design, rather than gender discrimination, is driving the pay gap, and that we need to rethink the flexibility of work.
What motivates you to exercise more: Support from your peers, or competition? According to a study of an exercise initiative, encouragement is a far less effective motivator than good old competition. Learn more:
The pandemic forced companies to take a hard look at their social image.
Professor Jean-Pierre Dubé suggests it’s time that they recognize we have entered the era of marketing for good.
@chicagoboothrev
Apple went from selling desktop computers to iPhones, while Amazon went from selling books to selling everything. Your company can and should follow those S-curve examples, says professor Gregory Bunch.
@chicagoboothrev
As big banks argue that they provide advantages such as efficiency that outweigh any problems, regulators have allowed the growth to continue. But research suggests that big
#banks
don’t provide many of the advantages claimed.
@chicagoboothrev
Many people struggle with making lifestyle changes that don’t deliver immediate, tangible rewards. Offering incentive payments can encourage compliance, research suggests.
#BehavioralScience
@chicagoboothrev
Amid the uncertainty brought on by the pandemic, how can leaders make sound policy decisions? On the Pandemic Economics podcast, Nobel laureate Lars Peter Hansen shares what economic theory can offer decision-makers. Listen to the full episode:
Our community mourns the tragic loss of PhD student Yiran Fan, SM’15. An intuitive thinker, a wonderful person, and an exceptional scholar, Yiran was also a beloved friend who will be profoundly missed. Learn more about his life:
US consumer goods are proliferating rapidly, with implications for consumers and companies, according to research by Booth faculty and their coauthors.
Ghian Foreman, ’01, has dedicated his career to developing underserved urban areas. During Booth’s
#DiversityWeek
, he spoke to students about his leadership journey and the ways they can use their voices to have an impact on the world.
On this episode of the Stigler Center’s Capitalisn’t podcast, professor Luigi Zingales does a cost-benefit analysis that shows why it could be better to keep the economy closed:
@chicagoboothrev
In this new landscape with more remote work, securing reliable high-speed internet service for all US homes would yield sizable productivity gains, researchers argue.
In a recent episode of Career Cast, Booth’s Anita Brick talks to best-selling author and
#leadership
consultant
@Devora_Zack
about how to deal with conflict and handle your emotions at work.
Listen to the full episode:
Using machine learning in accounting research can offer broader insights into what managers are thinking and what they’re projecting for the future of their companies, suggests professor Anna Costello.
Evening MBA student Nicole Villarreal talks about her career journey and how the Graduate Program in Healthcare Administration and Policy is helping her achieve her goals.
For many US students, applying to college is a massive undertaking—from researching programs and visiting campuses to writing essays and corralling recommendations. But it doesn’t need to be so difficult, research suggests.
@chicagoboothrev
The path to becoming a leader isn’t always easy or comfortable. Mary Titsworth Chandler, ’11, firmly believes risk, authenticity, and brutal honesty are key to real professional growth.
White men are overrepresented in leadership positions at many organizations, but increasing diversity among members of the Federal Open Market Committee could benefit both policy makers and the public, Booth’s Michael Weber suggests.
“Anything we can do to remove barriers for groups with less generational wealth to apply would be extremely helpful,” says Yaoyao Wang, ’15, a volunteer for Booth’s Diversity and Inclusion Alumni Task Force.
Four powerful forces—cryptocurrencies, the decoupling of geographical and monetary boundaries, ad-based digital platforms, and the value of data—are threatening the world of payment systems, professor Luigi Zingales says.
Over the past 20 years, large
#CPG
companies have seen their sales erode while smaller companies selling artisanal products have grown. Professor Jean-Pierre Dubé explains.
@chicagoboothrev
The past year brought challenges and adversity to just about everyone. But now could be the perfect time to accelerate your growth, according to strategist and coach Ben Woodward. Listen to the CareerCast podcast for his insight:
Current Executive MBA student Zoe Chan is at the forefront of the fight to support workers through mental health strain. Learn how she’s creating lasting social impact in Hong Kong.
How was the pricing for the COVID-19 vaccine decided? Did the public-private partnership with the government work? Moderna CFO David Meline, ’86, answers lingering questions about the vaccine’s development on the Stigler Center’s Capitalisn’t podcast.
Online marketplaces collect vast amounts of data, and they may want to share it with vendors that use their platform, according to Booth’s John R. Birge, Amy Ward, and others.
When
@Austan_Goolsbee
interviews job candidates in his office for open faculty positions, he likes to ask: Do you want to sit in Ben Bernanke's chair or a comfy one? “They can choose whichever one they want,” he says. “The only wrong thing they can say is, ‘Who’s Ben Bernanke?’”
How are firms measuring the impact of their
#CSR
efforts? A new report from the
@RustandyCenter
shows the most commonly disclosed metrics include greenhouse gas emissions and the number of female and minority employees.
A powerful collection of contemporary art at our London campus speaks to Booth’s investment in bold ideas and new voices. The exhibit focuses on the work of emerging artists and of artists from the African diaspora.
In honor of
#PrideMonth
, we’re revisiting reflections from author T. D. Arkenberg, ’86, on his journey through personal loss, coping with the 9/11 attacks, and coming out to his parents.
Entrepreneurship requires experiments that can bring something valuable to the world. Until you’re willing to discover what doesn’t work, you won’t know what will.
Join us tomorrow for a livestream with professor Richard Thaler as he addresses "Behavioral Economics: Past, Present, and Future". The livestream starts at 5 pm CDT:
Celebrate professor Douglas Diamond
#NobelPrize
at 11 a.m. live from Friedman Hall in the David Rubenstein Forum or find the webcast here:
#ChicagoBooth
Institutional barriers to data sharing made it difficult for researchers to quickly trade information early in the pandemic. Now, a new tool kit from the Center for Applied Artificial Intelligence is helping institutions collaborate.
How are you doing with your New Year’s resolutions? Get back on track with our “Get It Done” Tiny Course. Through a series of short videos and quick quizzes, you can start to master the science of motivation in less than an hour.
India’s significant GDP contraction should alarm everyone, professor Raghuram Rajan says, as it’s worse than drops in some of the advanced nations hit hardest by the pandemic.
@indiatimes
#GDP
Sovereign
#debt
can be a healthy part of a growing
#economy
, but the results of this type of borrowing are generally disastrous, warns professor Zhiguo He.
@chicagoboothrev
What does a sustainable postpandemic workplace look like? How can companies cater to the needs of women? How do leaders inspire change? Leading activist
@reshmasaujani
tackled these questions at the 2022
#BoothWomenConnect
Conference.
“It was on Sept. 1, 1992, that I first stepped into Rosenwald Hall to take my first academic job,” says Sanjay Dhar. “Thirty years later, I have the same butterflies and excitement. I am so proud to be a part of this talented community.” Happy Booth anniversary, Professor Dhar!
Join us in congratulating professor George Wu for receiving the 2020 Chicago Urban League Humanitarian Award! Learn how he champions the Chicago Urban League’s IMPACT Leadership Development program: