In the News 2017
See below for 2017 media coverage.
December 29, 2017 | Bloomberg
Luigi Zingales, professor at the University of Chicago’s Booth School of Business, says he'd be surprised if Republicans seek to completely eliminate Dodd Frank financial regulations, even after President Trump boasted Dec. 14 of "the most far-reaching regulatory reform in history.”
December 29, 2017 | Consumer Reports
Researchers from the University of Chicago Booth School of Business suggested healthy eating as a way to take a stand against manipulative and unfair practices of the food industry—such as engineering junk food to make it addictive, and marketing it to young children.
December 29, 2017 | Bloomberg
Luigi Zingales, professor at the University of Chicago's Booth School of Business, discusses Facebook Inc.'s market dominance and why he thinks competition is better than regulatory intervention.
December 27, 2017 | Forbes
But an article in the latest issue of the University of Chicago Booth School of Business's Chicago Booth Review suggests that even in the heart of the pro-business establishment not everybody is content to allow the tech titans to continue on their way unchecked. In it, Ram Shivakumar revisits the
notion of "superstar" companies first applied by late University of Chicago economist Sherwin Rosen, arguing that it was "an especially apt term" for organizations such as Apple, Google, Facebook, Amazon and Microsoft, "with whom nearly everybody is familiar and upon which many of us rely on a
daily basis".
December 28, 2017 | Los Angeles Times/MSN
In recent decades, the rate at which firms create new jobs has fallen; so has the rate at which they eliminate positions, said Steven J. Davis, a professor at the University of Chicago Booth School of Business and senior fellow at the Hoover Institution. Both trends discourage workers from moving.
December 26, 2017 | Chicago Tribune
University of Chicago economist wins the Nobel Prize: Richard Thaler, a University of Chicago professor considered a founder of the field of behavioral economics, won the Nobel Memorial Prize in economics for his research using psychology and economics to understand how people make economic
decisions.
December 21, 2017 | The Conversation
In October, the University of Chicago’s Richard Thaler won the Nobel for his work in three areas: “limited rationality,” “social preferences” and “lack of self-control.”
December 21, 2017 | The New York Times
The University of Chicago maintains a database with virtually all companies traded publicly in the United States since December 1925. Alexander Poukchanski, assistant director of index analytics at the Center for Research in Security Prices at the Chicago Booth School of Business, used that data
to create a list of the 20 top American companies, ranked by their highest market cap, from 1925 through November.
December 20, 2017 | U.S. News
Now come Hunt Alcott of New York University, Rebecca Diamond of the Graduate School of Business at Stanford University and Jean-Pierre Dubé of the University of Chicago Booth School of Business to dispute a good slice of public health literature that contends that a limited supply of health
food is central to unhealthy eating in poorer neighborhoods.
December 20, 2017 | Salon
A University of Chicago survey of economists found near unanimity in the opinion that the Republican tax plan would increase the debt without substantially accelerating economic growth.
December 19, 2017 | Big Think
In the study published in Psychological Science, researchers Juliana Schroeder, Michael Kardas and Nicholas Epley found that the mediums through which we interact with each other significantly affect how we form impressions about other people.
December 19, 2017 | Bloomberg
“As a political slogan, ‘how is your 401(k) doing?’ suggests he’s most interested in the one-third of people who have a 401(k),” said (Austan) Goolsbee, who teaches economics at the University of Chicago’s Booth School of Business.
December 19, 2017 | The Economist
In 1957 Gary Becker, an economist at the University of Chicago, suggested such an inefficiency might come from men not wanting female colleagues, and thus encouraging their managers to exclude productive workers. In a meritocratic, perfectly functioning market, competition would weed out such
employers. Without tough competition, though, such prejudices would lead to good female researchers being shut out.
December 15, 2017 | Bloomberg
“It is unusual,” said Steve Kaplan, a professor at the University of Chicago Booth School of Business. “The activists have tended to be the hostile folks and the private equity investors have tended to be on the friendly side because it’s hard to get a deal done if you are
hostile these days.”
December 14, 2017 | Science Magazine
The idea, Dragan says, is to have "the car adapt to the person, rather than having the person adapt to the car." Such customization might help address what Berkeley Dietvorst, a marketing researcher at the University of Chicago Booth School of Business, calls "algorithm aversion"—people's
unwillingness to trust digital decision-making, even if it is better than their own.
December 14, 2017 | Bloomberg
University of Chicago Booth School of Business Professor Randy Kroszner discusses the latest Fed interest rate hike, inflation and bond yields.
December 13, 2017 | Morningstar
Richard Thaler received the Nobel Memorial Prize in Economic Sciences on Oct. 9 for his pioneering work in behavioral economics. The month before he won, Thaler sat down with Barry Ritholtz at the Morningstar ETF Conference in Chicago for a conversation ranging from Thaler’s mentors to his
movie career.
December 13, 2017 | CNBC
Richard Thaler won the 2017 Nobel Prize in economics for his work on how humans may not act as rationally as economists' models assume.
December 13, 2017 | Vanity Fair
“When Ronald Reagan signed a tax reform bill in 1986, it followed three years of detailed work, thinking through options and policies,” Austan Goolsbee, economics professor at the University of Chicago’s Booth School of Business and the former Chairman of the Council of Economic
Advisers under Obama, told me.
December 13, 2017 | Forbes
Richard Thaler is one of the most important economists of our era.
December 12, 2017 | The Washington Post
And 37 of 38 economists across the ideological spectrum surveyed by the University of Chicago Booth School of Business agreed the bill will add to the debt substantially (the 38th misread the question).
December 12, 2017 | Bloomberg
In a yield-strapped environment, investors have a bad habit of viewing dividends as bond coupons that produce stable gains over time, according to Chicago Booth’s Samuel Hartzmark and Boston College Carroll School of Management’s David Solomon. This leads them to focus on stocks’
total return rather than the price performance. As a result, investors hang on to dividend-paying equities for longer than they would have otherwise, the research paper, “The Dividend Disconnect,” finds.
December 12, 2017 | Reuters
Vanguard funds tested with blockchain were built on indexes from the Center for Research in Security Prices, at the University of Chicago’s Booth School of Business. Vanguard manages 17 funds on those indexes including its largest, the $650 billion Total Stock Market Index Fund.
December 11, 2017 | Psychology Today
In a study published in the Journal of Experimental Psychology, psychologists Juliana Schroeder and Nicholas Epley explored why strangers near each other seldom interact. They hypothesized that either people generally find solitude more pleasant than interaction, or they misjudge the consequences
of interacting.
December 11, 2017 | Chicago Tribune
So it was both apt and touching that University of Chicago Professor Richard Thaler was moved to tears on Sunday when he was officially presented with the prize by the King of Sweden in a ceremony in Stockholm.
December 11, 2017 | Business Insider
Austan Goolsbee, former chief economic adviser to President Barack Obama and a professor at the University of Chicago, tells Business Insider he doesn’t see things getting a lot better, "and that makes me think that the Fed won’t be able to hike rates as much as they think they will."
December 10, 2017 | The Wall Street Journal
Op Ed by Richard Thaler: Why is it so hard for people to save? In our research, we focused on two main behavioral causes: a lack of willpower and inertia.
December 10, 2017 | The Telegraph
Randy Kroszner, a former governor of the Fed, now wants them to do the same for the global economy. “The true shocks never come from where you or markets expect,” said Mr Kroszner, now a professor of economics at Chicago Booth. “You should have a process in place whereby you are
effectively doing a macroeconomic stress test.”
December 9, 2017 | Southern Living
George Wu, professor at the University of Chicago’s Booth School of Business, and his colleagues recently looked at marathon runners at the bitter end of their races. A huge number of people finished in times that clustered around round numbers, the researchers discovered—like a 4-hour
marathon.
December 7, 2017 | U.S. News
The U.S. tax overhaul supported by President Donald Trump and the Republican party will increase inequality and opportunities for tax avoidance, Nobel economics prize-winner Richard Thaler said on Thursday.
December 7, 2017 | Quartz
Some investors actually seek out “pump and dump” ploys in the penny-stock market in search of lottery-like returns, according to research on German stocks by Christian Leuz of the University of Chicago’s Booth School of Business and four other economists.
December 5, 2017 | Yahoo!
They were rational even if everyone else was not. But as the behavioural economist and Nobel laureate Richard Thaler, said before the vote, “if you can find 100 voters in Britain that have made that calculation, I’d like to talk to them”.
December 5, 2017 | MSNBC
The University of Chicago’s Initiative on Global Markets recently conducted a survey of academic economists to ask if the Republican tax plan would exacerbate America’s debt-to-GDP ratio. Of the 38 experts who responded, 37 said Republicans were wrong that the plan would pay for
itself.
December 4, 2017 | NPR
"It's always valuable to keep your powder dry, if you can, so you do have fiscal space if there is a downturn," says former Fed governor Randall Kroszner, now a professor of economics at the University of Chicago Booth School of Business.
December 4, 2017 | Bloomberg
And if indexing distorts the market so much that it’s easier to beat, more investors will flock to stock pickers, says Richard Thaler, Nobel laureate, University of Chicago professor and principal at Fuller & Thaler Asset Management.
December 3, 2017 | Financial Times
Meanwhile, in Chicago, Booth School of Business is fourth, five places ahead of Kellogg School of Management, in nearby Evanston. Kellogg is top of the EMBA ranking thanks to its joint degree with HKUST Business School in Hong Kong. The school is also notable for having three other graded EMBAs
(including two joint degrees). However, it is not ranked for executive education.
December 2, 2017 | The Guardian
Richard Thaler was awarded the Nobel prize for economics in October, for work that has “built a bridge between the economic and psychological analyses of individual decision-making”.
December 2, 2017 | The Daily Star
The University of Chicago's Booth School of Business runs an ongoing survey of top economists spanning a wide number of specialties and political outlooks. The panel includes multiple Nobel Prize winners, White House veterans, and former presidents of the American Economic Association. Recently,
they were asked about the Republican tax reform bills. Out of 42 top economists, only 1 believed the GOP tax bills would help the economy. All of them thought it would increase the debt.
December 2, 2017 | The Guardian
To find out how, I call Nicholas Epley, a professor of behavioural science at the Chicago Booth School of Business. He’s the psychologist who found that when people talk to strangers during their commutes, it makes them happier. I tell him how odd this sounds to me.
November 30, 2017 | CNBC
Top economists surveyed by the University of Chicago business school overwhelmingly predicted weak growth and much higher debt.
November 30, 2017 | The Eonomist
That is the intriguing possibility raised by a new paper by Oliver Hart of Harvard University and Luigi Zingales of the University of Chicago.
November 30, 2017 | The New York Times
And in an article published in November by the National Bureau of Economic Research, economists from M.I.T. and the University of Chicago suggest an answer to the puzzle of why all the research and investment in A.I. technology have so far had little effect on productivity.
November 29, 2017 | The Washington Post
But economists doubt the tax effort will have that pronounced an effect. That’s why, in a survey conducted by University of Chicago's Initiative on Global Markets, just one of 38 experts agreed GDP would be “substantially higher” under the proposed tax plans than under the status
quo (all else being equal).
November 28, 2017 | Chicago Tribune
The Initiative on Global Markets at the University of Chicago Booth School of Business oversees a panel of experts in order to explore “the extent to which economists agree or disagree on major public policy issues.”
November 28, 2017 | Bloomberg
Also, Bloomberg News' Steve Matthews reports that a survey of economists by the University of Chicago’s Booth School of Business -- a poll that includes Republicans, Democrats and independents -- found just one of 38 respondents agreed that, a decade from now, GDP would be substantially
higher from tax cuts than under the status quo; 39 percent were uncertain and 58 percent disagreed.
November 28, 2017 | CNBC
88 percent of top economists surveyed by the University of Chicago project substantially higher deficits and debt from the House and Senate GOP bills. Only the Tax Foundation — an outlier among economists for the aggressiveness of its dynamic scoring methods — has projected a 10-year
revenue increase of at least $1 trillion from the Senate bill.
November 28, 2017 | Mother Jones
All of the 42 economists recently surveyed by the University of Chicago’s Booth School of Business believe the tax bill will substantially increase the national debt.
November 28, 2017 | Forbes
First and foremost, the conservative Booth School of Business at the University of Chicago asked 42 economists for their opinion of the payoff from the tax bill. These included multiple Nobel Prize winners, former presidents of the American Economic Association and former White House officials.
November 28, 2017 | Huffington Post
In fact, of the 42 professional economists surveyed by the University of Chicago Booth School of Business, only one agreed that the GOP tax cut plan would help the economy.
November 28, 2017 | Fortune
Seventy percent of pass-through income winds up going to the top 1% of American earners according to research by Owen Zidar, an economist at the University of Chicago’s Booth School of Business.
November 28, 2017 | Bloomberg
“Nothing in the bill suggests it will increase growth,” said Richard Thaler, the University of Chicago professor who last month won the Nobel Prize in economics. “Corporate profits are already high and they are sitting on piles of cash. Why should we think they have profitable
investments that they are not doing now but would do if the tax were lower?”
November 27, 2017 | The New York Times
Seventy percent of pass-through income flows to the top 1 percent of American earners, according to research by Owen Zidar, an economist at the University of Chicago’s Booth School of Business.
November 27, 2017 | U.S. News
A recent survey of economists conducted by the Chicago Booth School of Business showed similar results. Just one of 42 economists surveyed said he or she agreed with the notion that "U.S. GDP will be substantially higher a decade from now than under the status quo" if the GOP plan becomes law.
November 27, 2017 | The New York Times
It is not surprising, then, that just one of 38 prominent economists surveyed by the University of Chicago agreed that the Republican tax cut would substantially lift the economy.
November 27, 2017 | CNBC
In a survey of top economists by the University of Chicago's business school, only 2 percent agreed that the GOP tax cuts would substantially boost the economy by 2027; 51 percent disagreed.
November 27, 2017 | The Washington Post
But according to a survey of economists by the University of Chicago’s Initiative on Global Markets, 37 out of 38 of economists agree the GOP tax plan would cause the U.S. debt to increase far faster than the economy.
November 24, 2017 | NPR
The big news this week on the tax bill was the University of Chicago Booth School surveyed 48 economists. And pretty much - with one semi-exception, pretty much all of them think this will not expand growth and it will hurt the deficit.
November 23, 2017 | NPR
In a new poll from the University of Chicago's Booth School of Business, 38 economists from schools including Yale, MIT and the University of California-Berkeley weighed in on contentious points about the GOP tax plans.
November 22, 2017 | Chicago Tribune
The latest came Tuesday, when only one of 42 top economists surveyed by the Initiative on Global Markets at the University of Chicago Booth School of Business thought the tax proposals moving through Congress would meaningfully expand the economy over a decade (22 disagreed or strongly disagreed,
15 were uncertain and the rest didn't answer).
November 22, 2017 | Bloomberg
Austan Goolsbee, professor of economics at the University of Chicago Booth School and former chairman of the Council of Economic Advisers, discusses his concerns about Fed policy.
November 10, 2017 | CNBC
U.S. economist Richard Thaler has an impressive resume. The "father of behavioral economics" received his master's in 1970 and Ph.D. in 1974, co-authored the global best seller "Nudge" as well as other books.
November 7, 2017 | Nature
The Nobel Prize in Economic Sciences this year, in honouring the work of Richard H. Thaler, highlights the growing impact of behavioural economics in science and policy.
November 7, 2017 | Wired
After publishing, George Wu, a researcher at the University of Chicago Booth School of Business who has written several academic studies of runners, wrote to say that he had run a regression analysis on that data posted to determine the relationship between second- and first-half times.
November 7, 2017 | Bloomberg
Artificial intelligence and machine learning are not currently driving major pickups in productivity and output, but that doesn’t mean they won’t, Erik Brynjolfsson at the Massachusetts Institute of Technology and Chad Syverson at the University of Chicago write in a new paper.
November 6, 2017 | Bloomberg
Since 1980, whenever substantial growth effects have been required to make a tax reform plan revenue neutral, the actual outcome has invariably been a fall in tax revenue as a share of GDP, IGM Forum.
November 5, 2017 | U.S. News
To stay motivated to save, envision yourself in 20 or 30 years. Researchers Daniel Bartels of Columbia University and Oleg Urminsky of the University of Chicago found that people who feel connected to their future self are more willing to wait for a reward.
November 4, 2017 | The New York Times
Richard Thaler op-ed: If you get health insurance from your employer, you have to make decision every year about which coverage to choose.
November 3, 2017 | The Cut
“We think there are multiple reasons why this happens,” says psychologist Nicholas Epley, a professor of behavioral science at the University of Chicago Booth School of Business.
November 3, 2017 | Poets & Quants
For the first time ever, more graduating MBAs from the University of Chicago’s Booth School of Business accepted jobs in the booming consulting industry than in finance.
November 3, 2017 | Financial Times
Luigi Zingales and Guy Rolnik of the University of Chicago have proposed an intriguing idea. They build on the concept of “number portability”, the principle that you own your own phone number, and you can take your number with you to a different phone provider.
November 2, 2017 | KCET
During an interview with NPR, Ayelet Fishbach from the University of Chicago’s Booth School of Business Center reflects, “I think that food really connects people.”
November 2, 2017 | RTE
Richard Thaler's work on behavioural economics and especially his book Nudge have had a dramatic effect on many areas of public policy and regulation.
November 2, 2017 | Bloomberg/MSN
University of Chicago Booth School of Business Professor and former Fed Governor Randy Kroszner weighs in on Fed chair nominee Jay Powell.
November 2, 2017 | The Sydney Morning Herald
The world isn't in the "all clear" when it comes to the possibility of another financial crisis, says former United States Federal Reserve board member Randall Kroszner.
November 2, 2017 | CNBC
"I don't suspect the Treasury will do that, but it shouldn't, even if it's thinking of it," Raghuram Rajan, a former governor of the Reserve Bank of India, said on the sidelines of the Barclays Asia Forum.
November 1, 2017 | Chattanooga Times Free Press
Richard H. Thaler, a professor at the University of Chicago, gained wide recognition for his on-camera explication of the 2008 financial meltdown in the 2015 film "The Big Short."
November 1, 2017 | Bloomberg
Austan Goolsbee, professor of economics at Chicago Booth, discusses delay of the GOP tax plan and his views on the proposed plan. He speaks with Bloomberg's Julie Hyman and Vonnie Quinn on "Bloomberg Markets."
October 31, 2017 | PTI/NDTV/Deccan Chronicle
Can former RBI governor Raghuram Rajan head the US Federal Reserve? Yes, he would be an ideal choice to lead the American central bank, says global financial magazine Barron's.
October 30, 2017 | The Hindu Business Line
Madhav V Rajan, Dean, Booth School of Business, and George Pratt Shultz Professor of Accounting, University of Chicago, says management schools have to evolve to meet student and industry expectations.
October 28, 2017 | Barron's
Raghuram Rajan, as central banker of India, oversaw a sharp drop in inflation and a 50% jump in stocks.
October 27, 2017 | Reader's Digest
"It's easy to imagine all the ways things will go badly or believe that this person doesn't want to connect," Nicholas Epley, a professor of behavioral science at the University of Chicago Booth School of Business told the New York Times. But if you reach out, he continued, "almost everybody
reaches back."
October 26, 2017 | Mother Jones
A May survey by the University of Chicago’s business school found that almost no economists believe that increased economic growth would offset the costs of Trump’s tax cuts.
October 26, 2017 | U.S. News
And many, like the University of Chicago Booth School of Business, offer a concentration, specialization or major that focuses on how human psychology impacts business.
October 25, 2017 | The New York Times
Most economic experts believe that the benefits of stadiums are very likely to be outweighed by the costs to the taxpayers who fund the projects, according to a survey this year from the Initiative on Global Markets at Chicago Booth.
October 24, 2017 | Business Insider
This year's winners are: Dr. Samuel Hartzmark, Assistant Professor of Finance at the University of Chicago Booth School of Business; Dr. David Solomon, Assistant Professor of Finance at Boston College Carroll School of Management.
October 24, 2017 | U.S. News
A total of 29 recipients of the Nobel Memorial Prize in Economic Sciences have been affiliated with the University of Chicago throughout its history according to the school's website.
October 23, 2017 | NPR
That's the title of Richard Thaler's most recent book: Misbehaving: The Making of Behavioral Economics. If you've read Thaler's previous book, Nudge, you know he's an economist who studies why people don't act the way traditional economists say they will.
October 23, 2017 | CNBC
Economic policy expert Austan Goolsbee shared his view that reckless tax cutting could actually hamstring GDP growth in an exclusive interview with CNBC PRO 's Mike Santoli.
October 23, 2017 | The Wall Street Journal
“People have this strong intuition that the good stuff will be better if it comes after these difficult things,” says Dr. O’Brien, an assistant professor of behavioral science at the University of Chicago Booth School of Business.
October 21, 2017 | Forbes
Summing up, the contribution that Richard Thaler has made to behavioural economics over the past several decades has been seminal, enlightening and path-breaking.
October 20, 2017 | The New York Times
Several years ago Robert Zimmer was asked by an audience in China why the University of Chicago was associated with so many winners of the Nobel Prize — 90 in all, counting this month’s win by the behavioral economist Richard Thaler. Zimmer, the university’s president since 2006,
answered that the key was a campus culture committed to “discourse, argument and lack of deference.”
October 20, 2017 | Forbes
Have you heard of Richard Thaler? If not, you should. Thaler, a professor at the University of Chicago's Booth School of Business, won this year's Nobel Prize for Economic Sciences for his work in the field of behavioral economics.
October 20, 2017 | Bloomberg
“The Veneto banks have been crucial for the creation and support of thousands of small companies, which are the backbone of the local economy,” said Luigi Zingales, a Padua-born professor at the University of Chicago’s Booth School of Business. “That model has now
disappeared.”
October 20, 2017 | Bloomberg
But Gopinath and other speakers at the Peterson Institute event emphasized that many countries remain in the murky middle—neither fully floating nor fully fixed—and that this is likely to persist. “The world is messy,” said Raghuram Rajan, an economist at the University of
Chicago’s Booth School of Business, who was governor of the Reserve Bank of India from 2013 to 2016.
October 19, 2017 | Psychology Today
The University of Chicago’s Professor Richard Thaler walked off with the Nobel Prize in Economics for his work researching Behavior Finance.
October 18, 2017 | Huffington Post
When Professor Richard Thaler of the University of Chicago received the news that he had won the Nobel Memorial Prize in Economic Sciences for “contributions to behavioral economics,” he faced an eager press with unusual mirth. What’s the story behind Professor Thaler’s
jovial response?
October 18, 2017 | Los Angeles Times
Eric Zwick, a University of Chicago economist who studies public policy and corporate behavior, thinks it’s a combination of technology, globalization and policy considerations that has made it less attractive for companies to invest in the U.S. than elsewhere. What’s more, he says,
the increasing shift in the American economy to services could mean there is just less demand for capital goods than before.
October 18, 2017 | The Irish Times
The theories of the 2017 winner, Richard Thaler, however, are affecting the lives of many people without their being aware of it, as governments are implementing policies based on Thaler’s insights.
October 18, 2017 | Forbes
University of Chicago’s Luigi Zingales and Guy Rolnik argue that Facebook should be compelled to share user’s data with rival social networks.
October 16, 2017 | Vox
Richard Thaler, of the University of Chicago, just won the Nobel Memorial Prize in economics for his contribution to behavioral economics — the subfield known for exploring how psychological biases cause people to act in ways that diverge from pure rational self-interest.
October 16, 2017 | Newsweek
This year, liberals are the ones who are smiling, because Richard Thaler won the award.
October 15, 2017 | Detroit Free Press
Professor Richard Thaler of the University of Chicago is one of the longtime leaders of this school of behavioral economics.
October 15, 2017 | Chicago Tribune
More generally, stock markets tend to overshoot, a phenomenon that University of Chicago behavioral economist Richard Thaler, awarded the Nobel Prize in economics on Oct. 9, played a key role in documenting.
October 15, 2017 | The Hill
That isn’t the case today, as the field of behavioral economics has become more and more popular. Just this month, University of Chicago Professor Richard Thaler received the Nobel Prize for his work in behavioral economics.
October 14, 2017 | The New York Times
Understanding this logic can also win you a Nobel in economics. At least, it did recently for the University of Chicago economist Richard H. Thaler, who was honored for work that includes study of what constitutes fairness in markets.
October 13, 2017 | The New York Times
Richard H. Thaler learned early on Monday that he had won the Nobel Memorial Prize in Economic Sciences for “contributions to behavioral economics”—a field that he helped create.
October 11, 2017 | CNBC
Austan Goolsbee, UNiversity of Chicago Booth School and former chairman of Council of Economic Advisers, and Alan Tonelson, RealityCheck, discuss the chances of tax reform progressing through the Trump agenda and trade talks on Capitol Hill.
October 11, 2017 | Reuters
What do you get when you merge psychology with economics? Richard Thaler, who just won the Nobel Memorial Prize in the latter field, has an answer, which he calls behavioural economics.
October 10, 2017 | Bloomberg
Richard Thaler of the University of Chicago’s Booth School of Business, who won the Nobel Prize in economics on Oct. 9, exemplifies Planck’s observation.
October 10, 2017 | The New Yorker
Daniel Kahneman, the Princeton psychologist who shared the 2002 Nobel Prize in economics for his role in developing the field of behavioral economics, is a night person. Early on Monday morning, he went to sleep at around 3 a.m., which meant that he missed the call at 6:49 a.m. from his closest
friend and longtime research collaborator, the University of Chicago economist Richard Thaler, who had just been named the sole recipient of the 2017 prize.
October 10, 2017 | The New York Times
Richard Thaler has just won an extremely well deserved Nobel Prize in economics. Thaler took an obvious point, that people don’t always behave rationally, and showed the ways we are systematically irrational.
October 10, 2017 | Bloomberg
A buoyant and complacent stock market is worrying Richard H. Thaler, the University of Chicago professor who this week won the Nobel Prize in economics.
October 10, 2017 | National Geographic
Jane Risen, a behavioral scientist at the University of Chicago Booth School of Business, has found that superstitions can influence even nonbelievers.
October 10, 2017 | The New York Times
Already, 70 percent of pass-through income flows to the top 1 percent of American income earners, Owen Zidar, an economist at the University of Chicago Booth School of Business, has found.
October 10, 2017 | The Wall Street Journal
This year’s Nobel Prize in economics was awarded for calling out loud, “The emperor has no clothes.”
October 9, 2017 | The Atlantic
Richard Thaler, one of the fathers of behavioral economics and a professor at the Booth School of Business at the University of Chicago, has won the 2017 Nobel Memorial Prize in Economic Science.
October 9, 2017 | Chicago Tribune
Well, in the 24 years since those snarky comments, we count nine times a professor, or two, associated with the University of Chicago has gotten the economics Nobel, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
October 9, 2017 | The Washington Post
If the only criteria for winning was making the dismal science un-dismal — even fun — Thaler would have won years ago. But because his work, to use an overused phrase that here fits, also revolutionized our understanding, Stockholm, finally, could not look the other way.
October 9, 2017 | Psychology Today
The 2017 Nobel Prize in Economics was awarded to Richard Thaler from the University of Chicago.
October 9, 2017 | PBS
University of Chicago scholar Richard Thaler was honored with the 2017 Nobel Prize in economics for his work questioning traditional assumptions that markets act rationally, and for taking human nature into account.
October 9, 2017 | Forbes
When I interviewed Richard Thaler a few years ago for a Forbes magazine piece, I was confident enough to tell him he "was going to get a call from Stockholm."
October 9, 2017 | TIME
You may never have heard of Richard Thaler. But when he won the Nobel Prize for economics on Monday, personal finance experts let out a big cheer.
October 9, 2017 | Associated Press
Richard Thaler of the University of Chicago on Monday won the Nobel economics prize for documenting the way people’s behavior doesn’t conform to economic models that portray them as perfectly rational. As one of the founders of behavioral economics, he has helped change the way
economists look at the world.
October 9, 2017 | UPI
The 2017 Nobel Prize in Economic Sciences -- the final award for this year -- was awarded Monday to an American economist for his work in integrating economics and psychology.
October 9, 2017 | The Telegraph
Professor Richard H Thaler has been awarded the Nobel memorial prize in economic sciences for his contributions to behavioural economics.
October 9, 2017 | The Guardian
Richard Thaler co-wrote a bestselling book on the nudge concept read by politicians around the world and soon had them embracing the notion that people can be influenced by prompts – such as changing the wording of tax demands – to alter their behaviour.
October 9, 2017 | Reuters/Daily Mail
U.S. academic Richard Thaler, who helped popularise the idea of “nudging” people towards doing what was best for them, won the 2017 Nobel Economics Prize on Monday for his work on how human nature affects supposedly rational markets.
October 9, 2017 | Chicago Tribune
The Nobel prize in economics was awarded Monday to Richard Thaler of the University of Chicago for research showing how people's choices on economic matters — whether on savings or game shows like "Deal or No Deal" — are not always rational.
October 9, 2017 | The Economist
NOT long ago, the starting assumption of any economic theory was that humans are rational actors who maximise their utility. Economists summarily dismissed anyone insisting otherwise. But over the past few decades, behavioural economists like Richard Thaler have progressively chipped away at this
notion.
October 9, 2017 | Bloomberg
I first heard about Richard Thaler in the 1980s, in a locker room at the University of Chicago.
October 9, 2017 | CNN
Richard Thaler, whose work influenced the Obama administration and led to a cameo in "The Big Short," was cited for his research in the field of behavioral economics. He gets 9 million Swedish krona, or about $1.1 million.
October 9, 2017 | The Wall Street Journal
The Royal Swedish Academy of Sciences on Monday selected American economist Richard Thaler of the University of Chicago as the winner of the 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, recognizing him for contributions to the field of behavioral economics.
October 9, 2017 | The New York Times
Richard H. Thaler was awarded the Nobel Memorial Prize in Economic Science on Monday for his contributions to behavioral economics.
October 9, 2017 | BBC
Prof Thaler, of Chicago Booth business school, co-wrote the global best seller Nudge, which looked at how people make bad or irrational choices.
October 9, 2017 | Hindustan Times
Former RBI governor Raghuram Rajan’s name is doing the rounds as a probable for the Nobel Prize for Economics this year, according to Clarivate Analytics, a company that does academic and scientific research and maintains a list of dozens of possible Nobel winners based on research
citations.
October 6, 2017 | The New York Times
As a real-world experiment, it built on earlier “audit experiments,” as they are known in social science. Perhaps the most famous is a study by Marianne Bertrand of the University of Chicago and Sendhil Mullainathan of Harvard (who is a regular contributor to this column).
October 4, 2017 | U.S. News
Finally, in case one believes that ambiguity might abound, University of Chicago economist Austan Goolsbee, dispenses with the notion. The consensus is clear: It's "overwhelmingly against there being big growth effects," says Goolsbee, who headed President Barack Obama's Council of Economic
Advisers before returning to the Booth School after several years.
October 4, 2017 | Business Insider
Business Insider's Sara Silverstein talks with University of Chicago Booth School of Business professor Luigi Zingales. Zingales discusses the difference between being pro-business and pro-market. Following is a transcript of the video.
October 4, 2017 | Bloomberg
A couple who met at the University of Chicago’s business school four decades ago is donating $75 million to their alma mater, the second-biggest gift ever for the graduate program.
October 4, 2017 | Fox
At the University of Chicago Booth School of Business, Amazon took in more interns than either Bain & Co. or McKinsey & Co., which until recently were the school's top hirers of interns, according to Madhav Rajan, dean of the Booth school.
October 3, 2017 | Washington Post
Epley, who teaches behavioral science at the University of Chicago Booth School of Business, and his colleagues gave Iris a genuine human voice and, as a result, a gender.
September 29, 2017 | Bloomberg
“There is a direct connection between economic power, bigness, and political power,” says University of Chicago economist Luigi Zingales. It’s a sentiment Warren echoes, decrying “the ability of giant corporations to use their money and power to bend government policy and
regulation to benefit themselves.”
September 29, 2017 | Mother Jones
In May, the IGM Forum at the University of Chicago’s Booth School of Business surveyed dozens of top economists on whether a similar Trump tax plan would pay for itself through economic growth.
September 28, 2017 | CNN
Marianne Bertrand, an economist at the University of Chicago's Booth School of Business, has found a "cliff" in relative income in American marriages at the 50-50 split mark.
September 28, 2017 | Bloomington
So the tax-cuts-produce-growth argument “is not yet settled,” said William Gale, a former senior economist to former President George H.W. Bush. A widely cited 2012 survey by the University of Chicago’s Booth School of Business found an even split among economists on the
question.
September 26, 2017 | Business Insider
Business Insider's Silverstein talks with University of Chicago Booth School of Business professor Luigi Zingales. Zingales discusses a statement he cut from one of his first books predicting that someone like Donald Trump could become President of the United States.
September 25, 2017 | CNBC
Discussing the rocky path ahead for the Republican tax plan with Austan Goolsbee, University of Chicago Booth School of Business economics professor and former Council of Economic Advisors chair, and Lanhee Chen, Hoover Institution research fellow and former Romney campaign policy advisor.
September 24, 2017 | Business Insider
University of Chicago Booth School of Business professor Luigi Zingales and Business Insider executive editor Sara Silverstein discuss comments made by imprisoned former pharmaceutical executive Martin Shkreli. Zingales says that while the pursuit of peak profits has become the corporate mantra,
that isn’t a hard-and-fast rule.
September 23, 2017 | Business Insider
University of Chicago Booth School of Business professor Luigi Zingales says that one popular approach for socially responsible investing is misguided.
September 22, 2017 | Vox
The University of Chicago’s Chang-Tai Hsieh and UC Berkeley’s Enrico Moretti estimate that restrictions on building housing cut US economic growth in half from 1964 to 2009.
September 22, 2017 | The New York Times
He relied on a database developed at the University of Chicago, known as CRSP, for the Center for Research in Security Prices, that contains virtually all publicly traded stocks in the United States. The Center for Research uses rigorous and logical criteria to determine when stocks enter and
depart its listings, with some results that may seem surprising at first glance.
September 21, 2017 | Business Insider
Silverstein talks with University of Chicago Booth School of Business professor Luigi Zingales about whether companies should maximize market value. Zingales discusses a research paper he authored, which makes the point that profit maximization is important to shareholders, but it’s not the
only thing they care about.
September 21, 2017 | The Economist
Luigi Zingales and Guy Rolnik, both of the University of Chicago, have called for legislation to reallocate the ownership of data created on social media to users.
September 20, 2017 | CNBC
Randall Kroszner, former governor at the Federal Reserve, says that Bank of England head Mark Carney was reasonable to expect downside risk post-Brexit.
September 20, 2017 | BBC
A decade on from the financial crisis, the US Federal Reserve is likely to formally announce the process of unwinding quantitative easing. The BBC's Dominic O'Connell speaks to Randy Kroszner.
September 20, 2017 | Chicago Magazine
One of the major drivers of this rethinking is Luigi Zingales, a professor of finance at the U. of C.’s Booth School of business and a prolific writer who’s been sounding the alarm about monopoly power and crony capitalism since he saw his adopted country moving towards the
dysfunctional model of his native Italy.
September 18, 2017 | Poets & Quants
At least 16 of the top 25 U.S. schools are reporting application increases in 2016-2017, with four programs showing double-digit rises in the number of candidates wanting a seat in their MBA classes. At both the University of Chicago’s Booth School of Business and Carnegie Mellon’s
Tepper School of Business, applications rose 13.5% last year.
September 18, 2017 | The Globe and Mail
The University of Chicago's Booth School of Business recently asked a panel of 50 prominent U.S. economists whether the benefits of subsidizing professional sports venues exceed the cost to taxpayers. Nearly six out of 10 said no.
September 16, 2017 | Investor's Business Daily
Luigi Zingales, finance professor at the University of Chicago Booth School of Business, is calling for a more-proactive antitrust approach that would have kept Facebook from buying up Instagram and WhatsApp.
September 14, 2017 | New York Magazine
My first problem, it seems, is thinking of these two modes as a binary, said Reid Hastie, who studies decision-making at the University of Chicago Booth School of Business. “I actually think it’s better to describe them as a continuum,” says Hastie, author of the 2009 book
Rational Choice in an Uncertain World: The Psychology of Judgment and Decision Making. “Almost any thought process we’re interested in is a combination of the two.”
September 14, 2017 | Poets & Quants
Julie Morton is associate dean of careers services and corporate relations at Booth. She says half of her team is responsible for spreading the word about the value of hiring MBA grads.
September 12, 2017 | Vox
"The EITC, in addition to being good economics and encouraging more low-income people to work, gives Democrats an entree into the [tax-policy debate] that doesn't focus on the groups at the top that don't really need more tax cuts," said Austan Goolsbee, former chair of Obama's Council of Economic
Advisers, now a University of Chicago economics professor.
September 12, 2017 | Crain's Chicago
Mark Tebbe, founder of Answers.com: Tebbe, now adjunct professor of entrepreneurship at the University of Chicago Booth School of Business, involves himself in most things tech and entrepreneurial; aside from civic pride, who knows if he would devote time to bringing an established company to the
city.
September 12, 2017 | Livemint
The widely-accepted consensus of what fuelled credit growth in the run-up to the Great Recession (2007-09) has been largely consistent and has centered on the findings of Atif Mian of Princeton University and Amir Sufi of Chicago Booth School of Business.
September 11, 2017 | Bloomberg
“What the stock market does drives a lot of this,” said Steven Kaplan, a professor of entrepreneurship and finance at the University of Chicago’s Booth School of Business. “And in fiscal ’17, the stock market was great.”
September 11, 2017 | Fortune
In a poll on highly skilled immigration, a whopping 95% of economists who answered thought that the average American would be better off with more immigrants; the other 5 % were uncertain.
September 9, 2017 | Business Insider
"He wants someone at the Fed where he can call them and say 'I want you to do A, B and C,'" said Austan Goolsbee, University of Chicago economist and former top economic advisor to President Barack Obama, in an interview with CNBC.
September 9, 2017 | Business Insider
The problem is unlikely to go away on its own. Studies by University of Chicago economist Rena Conti and Harvard University pharmaceutical policy researcher Aaron Kesselheim show that more than 50 percent of all off-patent drugs are produced by two or fewer manufacturers.
September 8, 2017 | Forbes India
Rajan took over as RBI chief on September 4, 2013, and held the position for three years before going back to teaching at the University of Chicago.
September 8, 2017 | Vox
"We decided to focus on MBAs, because if you think about women’s access to the top echelons, the corporate sector is one where they have had a particularly difficult time," says Marianne Bertrand, an economist at the University of Chicago who led the study.
September 8, 2017 | U.S. News
This psychological phenomenon is known as "mental accounting," a phrase popularized by Richard Thaler, a behavioral economist at the University of Chicago's Booth School of Business, and it's important to understand how it can adversely affect your personal finances.
September 7, 2017 | Business Insider
Discussing the outlook for future policy moves likes tax reform after President Trump sided with the Democrats over the debt ceiling with Lanhee Chen, Hoover Institution fellow and former Romney and Rubio campaign advisor, and Austan Goolsbee, University of Chicago's Booth School of Business and
former Council of Economic Advisors chair.
September 6, 2017 | NPR
In a February survey from the University of Chicago, two-thirds of economists surveyed disagreed with the premise that "if the U.S. significantly lowers the number of H-1B visas now, employment for American workers will rise materially over the next four years." None agreed. (The rest had no
opinion or did not answer.)
September 6, 2017 | The Atlantic
John Paul Rollert, who teaches ethics at the University of Chicago’s Booth School of Business (and who writes frequently for The Atlantic), agrees with McDonald that there isn’t—or shouldn’t be—any real difference in standards between “business ethics” and
human ethics.
September 6, 2017 | The New York Times
Op-ed by Chang-Tai Hsieh - If you live in a coastal city like New York, Boston or San Francisco, you know that the cost of housing has skyrocketed. This housing crisis did not happen by chance: Increasingly restrictive land-use regulations in the last half-century contributed to it.
September 5, 2017 | Fast Company
“Even considering just a couple of the most widely and thoroughly researched behavioral science principles, [they have] the potential to improve the effect of development programs and development policies–in some cases pretty dramatically–at little or no cost,” says
Christopher Bryan, an assistant professor at University of Chicago Booth School of Business, who co-authored the report.
September 5, 2017 | Financial Times
“Students must be prepared to challenge themselves, rather than prove themselves. And be open to challenge from others. MBAs must be willing to engage in everything on offer because the qualification goes way beyond just taking classes." - Professor Ayelet Fishbach, professor of behavioural
science and marketing, University of Chicago Booth School of Business
September 3, 2017 | Huffington Post
In a recent interview with The Times of India, Raghuram Rajan, former governor of the Reserve Bank of India, said that it was important for India to get its citizens to pay tax, but that demonetisation had not proved to be a fruitful exercise.
September 1, 2017 | Marketplace
“They are misunderstanding that if you piss people off, you pay a price,” said Richard Thaler, an economist at the Booth School of Business at the University of Chicago.
August 31, 2017 | CNBC
Austan Goolsbee, University of Chicago Booth School of Business, and Diane Swonk, DS Economics founder and CEO, discuss Treasury Secretary Steve Mnuchin's comments on tax reform and raising the debt ceiling.
August 31, 2017 | Financial Times
Business schools are reacting by trying to broaden the pool of MBA employers. At Chicago’s Booth School of Business, technology companies such as Amazon and Google have overtaken management consultancies and investment banks as the biggest hirers in recent years.
August 31, 2017 | Fox
Austan Goolsbee, former chairman of the Council of Economic Advisers under the Obama Administration, on Thursday compared the housing market crash, which began in 2007, to the economic damages Hurricane Harvey is set to cause the state of Texas.
August 31, 2017 | Bloomberg
As routine jobs get outsourced and automated, “moderate education no longer cuts it”, Rajan said in a keynote address at a conference at the Stigler Center at the University of Chicago Booth School of Business on political economy of finance.
August 31, 2017 | The Guardian
Pressure for change is mounting. Luigi Zingalesm, a professor at the University of Chicago Booth School, recently told the Financial Times that he and others believe antitrust laws should be reverted back to old laws that also limited political power – and in particular, continued the FT
article, “the ability of rich companies and people in coastal areas to control everyone and everything else”.
August 30, 2017 | WTTW
This skills gap is just one impediment to increasing the number of Americans who hold well-paid, full-time employment. “How to Create Middle-Class Jobs,” the September cover story in Chicago Booth Review, discusses a range of obstacles, including education and preparedness,
infrastructure and regulation. (天美传媒 publishes the magazine.)
August 30, 2017 | Bloomberg
Austan Goolsbee, economics professor at the University of Chicago Booth School, discusses the outlook for U.S. budget negotiations with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
August 29, 2017 | Success.com
Nicholas Epley, the John T. Keller Professor of behavioral science at the University of Chicago and author of Mindwise: How We Understand What Others Think, Believe, Feel, and Want, says what’s lost is something fundamental to human connection—something we don’t even realize
happens during a conversation.
August 29, 2017 | Business Because
Chicago Booth is home to a social impact hub, the Rustandy Center for Social Sector Innovation, which equips graduates “with the knowledge and tools to positively impact humanity.”
August 18, 2017 | Bloomberg
The thing is, it doesn't seem to matter all that much for consumer spending, according to an analysis by economists including Amir Sufi and Atif Mian. That's puzzling, but it doesn't mean that the optimism gap is unimportant.
August 17, 2017 | Chicago Tribune
At the University of Chicago, the 2017 incoming class of executive MBA candidates is 37 years old on average, with 13 years of experience. For the past five years, an average 31 percent of the incoming class of executive MBA students have been age 40 or older.
August 17, 2017 | Bloomberg
Former Federal Reserve Governor Randy Kroszner, a professor at the University of Chicago Booth School of Business, discusses Fed policy with Bloomberg's Vonnie Quinn and Nejra Cehic on "Bloomberg Markets."
August 16, 2017 | Inc.
Policy-related uncertainty is higher than it's been in decades, having intensified after the surprise election of Donald Trump, whose agenda and style of government differ significantly from what came before it, says Steven Davis, a professor of business economics at the University of Chicago's
Booth School of Business.
August 15, 2017 | The Washington Post
“It’s certainly a sign that Trump’s more controversial stuff isn’t playing well with companies selling to middle America,” said (Austan) Goolsbee, now a professor at the University of Chicago.
August 15, 2017 | The New York Times
It is hardly surprising that government — not Wall Street or big business — gets the blame. As noted in another study by economists at Princeton, the University of Chicago and the University of British Columbia, it is the government that mediates the competing interests of creditors
and debtors.
August 14, 2017 | Education Post
To help explore that question, Chicago Booth’s asked its whether or not a reduction in the
fiscal deficit would result in a lower trade deficit.
August 11, 2017 | Livemint
Firms are seen as entities trying to maximize profits by managing resources efficiently. This benign definition might not hold for big companies, whose revenues rival that of governments, argues Luigi Zingales, professor of finance at the Chicago Booth School of Business.
August 10, 2017 | U.S. News
Stacey Kole, a clinical professor of economics and deputy dean of the full-time MBA program at the University of Chicago's Booth School of Business, says an excellent business school is one that not only discusses current business trends but also teaches survival strategies that will help students
confront unanticipated changes throughout their business careers.
August 10, 2017 | Bloomberg
In a recent paper, Bank of Italy's Emilia Bonaccorsi di Patti and the University of Chicago's Anil Kashyap found that banks which successfully recover from sharp drops in profitability have something in common: They avoid throwing good money after bad by resolutely shutting off credit to
their riskiest clients.
August 10, 2017 | Bloomberg
Finally, Austan Goolsbee, a professor at the University of Chicago’s Booth School of Business, says the U.S. isn’t doing a great job about measuring part-time jobs in the labor economy.
August 8, 2017 | Salon
Richard Thaler, an economist at the University of Chicago School of Business, suggests a way to dispense with malpractice insurance pre颅miums altogether: Those with a record of providing high-quality care at good value could apply to the government for a safe harbor from malpractice suits.
Organi颅zations that receive this status could require patients to waive their right to sue for adverse outcomes.
August 8, 2017 | The Washington Post
In an op-ed, Devin Pope, professor of behavioral science and does research in behavioral economics, writes, "Women, as a now-former Google engineer recently reminded the world, are underrepresented in several mathematical fields, including physics, computer science and engineering. The causes of
that under-representation are hotly debated, with barriers to entry and gender differences in test scores widely discussed as underlying reasons. But new data analysis underscores the importance of another factor in the gap: confidence."
August 8, 2017 | Vox
Nearly 10,000 people graduated with MBAs from University of Chicago’s Booth School of Business between 1990 and 2006.
August 7, 2017 | Quartz
Neale Mahoney, an associate professor of economics at the University of Chicago Booth School of Business, says 50% is probably too high a number to attribute solely to medical debt: the equivalent of about 382,000 annual medical-related bankruptcy filings last year.
August 7, 2017 | TIME
In one 2014 study by Nicholas Epley of the University of Chicago Booth School of Business and the author of Mindwise: How We Understand What Others Think, Believe, Feel and Want, participants heading to work via train either refrained from engaging with fellow passengers or made conversation.
August 7, 2017 | The Washington Post
“When policy uncertainty goes up, firms that are more exposed to the policy have a bigger pull back,” said Steven Davis, a professor of international business and economics at the University of Chicago Booth School of Business.
August 4, 2017 | Fortune
“It is difficult to find systematic evidence from the recent crisis that involvement in proprietary trading increased the risk of failure,” wrote Randall S. Kroszner, a former member of the Board of Governors of the Federal Reserve and professor of economics at the University of
Chicago Booth School of Business, in a recent academic paper.
August 3, 2017 | Financial Review
"I foray out from academia for a few years at a time and I'm always happy to return," he says from the University of Chicago Booth School of Business, where he has been a long-time professor of finance.
August 2, 2017 | Business Insider
A recent analysis from economists Thomas Picketty, Emmanuel Saez, and Gabriel Zucman cited by the University of Chicago’s Booth School of Business found that the bottom 50% of Americans saw zero income growth over the past 35 years.
August 1, 2017 | Economic Times
It will be valuable for the Fed to start cutting its balance sheet sooner rather than later so that they can do it gently in the back ground without scaring the markets like in 2013, said Randall S Kroszner, an economics professor at the University of Chicago's Booth School of Business.
August 1, 2017 | Bloomberg
Just like regulators, economists can be captured by powerful corporations and individuals, as University of Chicago economist Luis Zingales has argued.
August 1, 2017 | Bloomberg
Luigi Zingales of Chicago’s Booth School of Business and Oliver Hart of Harvard start with the proposition that company managers and boards do indeed have a fiduciary duty to shareholders, but their duty is to maximize the shareholders’ overall welfare, which includes things
other than the value of their shares.
July 31, 2017 | Bloomberg
Or perhaps the shareholders do own the corporation, but its job is not to maximize their wealth. What would its job be, then? Oliver Hart of Harvard and Luigi Zingales of the University of Chicago answer: "Companies Should Maximize Shareholder Welfare Not Market Value."
July 30, 2017 | Bloomberg
The central-bank chief must be “able to successfully deal with Italy’s banking crisis, which isn’t over yet,” said Luigi Zingales, a professor at the University of Chicago Booth School of Business, who himself has been mentioned as a possible choice by Rome’s la
Repubblica newspaper.
July 29, 2017 | Forbes
In a new Stigler Center paper, Harvard Professor and Nobel laureate Oliver Hart and University of Chicago Booth School of Business Professor Luigi Zingales (Faculty Director of the Stigler Center and one of the editors of this blog) take a novel perspective to this question. While agreeing with
Friedman’s premise that managers should care only about shareholders’ interest, Hart and Zingales reject the view that shareholders only care about money.
July 29, 2017 | Travel and Leisure
For positive experiences, consumers are reluctant to eliminate categories, while the opposite is true for negative experiences because eliminating categories makes it feel like more of the experience has passed,” write authors Anuj K. Shah (University of Chicago Booth School of Business) and
Adam L. Alter (New York University).
July 29, 2017 | Beat the GMAT
For example, the University of Chicago’s Booth School of Business offers a flexible curriculum that allows students to choose which courses to take and when based on their experience and career goals.
July 28, 2017 | Bloomberg
Austan Goolsbee,economics professor at the University of Chicago Booth School, discusses the prospects for U.S. tax reform with Bloomberg's Julia Chatterley and Scarlet Fu on "Bloomberg Markets."
July 28, 2017 | Forbes
University of Chicago behavioral economics professor Richard Thaler told me plainly that we’re not doing our job if we don’t know this stuff, and I believe the CFP® Board can do a lot to enhance their requisite training in this arena.
July 21, 2017 | CNBC
Austan Goolsbee, Booth School of Business, and Ryan Streeter, American Enterprise Institute, provide perspective on what it takes to accelerate economic growth.
July 20, 2017 | Bloomberg Magazine
Luigi Zingales, director of the university’s Stigler Center, likes to remind people that the reason Google and Facebook were able to succeed is that the U.S. in 1998, under Bill Clinton, sued Microsoft Corp. for tying its web browser to its Windows operating system to undermine rival
Netscape.
July 18, 2017 | Scientific American
One such scenario is described in the following survey question, submitted in June 2016 to a panel of economists by the University of Chicago’s Booth School of Business: “Granting every American citizen over 21 years old a universal basic income of $13,000 a year—financed by
eliminating all transfer programs (including Social Security, Medicare, Medicaid, housing subsidies, household welfare payments and farm and corporate subsidies)—would be a better policy than the status quo.” Only 2 percent of survey respondents agreed whereas 43 percent disagreed and
17 percent strongly disagreed.
July 18, 2017 | Bloomberg
The thing is, it doesn't seem to matter all that much for consumer spending, according to an analysis by economists including Amir Sufi and Atif Mian.
July 17, 2017 | The Washington Post
In a 2012 survey of 41 prominent economists by the University of Chicago, 85 percent agreed that Americans were better off under NAFTA than under previous trade rules. Only 5 percent said they were uncertain, and none disagreed.
July 12, 2017 | Marketplace
Scott Baker from the Kellogg School of Management at Northwestern University developed the index along with Nicholas Bloom at Stanford University and Steven Davis at the University of Chicago.
July 12, 2017 | The Nation
Raghuram Rajan, a world-renowned economist (ex-chief economist of the IMF) with global authority through lectures (in leading institutions like Chicago’s Booth School, Princeton, etc.) and numerous prestigious publications on capital and monetary management, entrepreneurial innovation and on
the role of a responsible government, was selected 4 years back.
July 12, 2017 | Quartz
The researchers—Kerwin Kofi Charles and Erik Hurst of the University of Chicago, Mark Aguiar of Princeton, and Mark Bils of the University of Rochester—start with the observation that the hours worked by young men aged 21 to 30 have fallen 12% from their peak in 2000 to 2015. For older
men aged 31 to 55, the fall in hours worked was 8% over the same period.
July 10, 2017 | Poets & Quants
The University of Chicago’s Booth School of Business, for example, has about 414 international students (34.9% of total full-time enrollment), while Columbia Business School has 372 (48%), Duke University’s Fuqua School of Business has 343 (38.3%), Harvard Business School has 331
(35%), MIT’s Sloan School of Management has 312 (38.6%), both Yale University School of Management (36.9%) and the University of Michigan’s Ross School of Business (32%) have 256, and UCLA’s Anderson School of Management has 230 (31.3%).
July 10, 2017 | Poets & Quants
It’s a sign of the times. The top three undergraduate universities have long been known by the shorthand HYP (Harvard, Yale and Princeton), while the top three business schools have gone by the acronym HSW, obviously meaning Harvard, Stanford, and Wharton. In recent years, the University of
Chicago’s Booth School of Business has come on so strong that many think the W has fallen off the acronym.
July 8, 2017 | Quartz
New research from the University of Chicago Booth School of Business suggests that may not be the case. Researchers found that while people expect to enjoy fun activities more if they’ve completed work first, play before work is in fact just as fun as its opposite.
July 7, 2017 | The Wall Street Journal
Does this sound far-fetched? More often than any of us care to admit, investors’ behavior is shaped by what Richard Thaler, an economist at the University of Chicago Booth School of Business, calls SIFs, “supposedly irrelevant factors” rooted in mood and emotion.
July 7, 2017 | New York Magazine
Fun stuff is just as fun even if you haven’t “earned” it. Ed O’Brien, a professor at the Chicago Booth School of Business, co-authored this new study, published in Psychological Science, and he wrote about his work this week for Harvard Business Review.
July 7, 2017 | Vox
“There has been a lot of research on how technology affects labor demand, how robots are displacing workers,” said Erik Hurst, an economist from the University of Chicago who was one of the researchers involved in the study, which was published Monday. “But no one had really
looked at the effect of technology on someone’s willingness to work.”
July 7, 2017 | CBS News
"When we look in the data, you see for young men this huge shift in time spent toward computer activities," which is primarily due to computer games, said Erik Hurst, a professor of economics at the University of Chicago Booth School of Business and one of the authors of the paper, published at
the National Bureau of Economic Research. "Time changes are usually more gradual, and the heart of the paper is trying to disentangle why this change occurred."
July 7, 2017 | Financial Times
This week, four economists — Mark Aguiar, Mark Bils, Kerwin Kofi Charles and Erik Hurst — published their latest research paper studying the impact of awesome computer games on the US job market.
July 3, 2017 | U.S. News and World Report
In fact, there are few policy topics on which economists agree more – only one out of 35 of the top economists polled by the University of Chicago Booth School of Business believes that the benefits of sports subsidies outweigh their costs to taxpayers.
June 30, 2017 | The New York Times
For a 21st-century problem, we suggest a 21st-century solution: a reallocation of property rights via legislation to provide more incentives to compete.
June 21, 2017 | Psychology Today
In the new study, published this week in Psychological Science, Ed O’Brien, a social psychologist at the University of Chicago Booth School of Business, set up a series of
experiments with a colleague to test whether delaying gratification pays off the way we expect.
June 21, 2017 | Huffington Post
In 2013, the University of Chicago Booth School of Business published a paper that looked at 4,000 married couples in America. It found that once a woman started to earn more than her husband, divorce rates increased.
June 15, 2017 | The New York Times
Steven J. Davis, an economist at the University of Chicago, helped create an index showing that the average time it takes to fill a job is the longest since January 2001.
June 7, 2017 | Financial Advisor Magazine
The Research Affiliates’ study doesn’t disprove the impact of politics on the U.S. market, according to Pietro Veronesi at the University of Chicago Booth School of Business. Veronesi, with
his colleague Lubos Pastor, have posited that investors demand higher equity risk premiums in the U.S. under Democratic presidents, due in part to expectations of higher tax rates.
June 6, 2017 | U.S. News & World Report
Chicago Booth ranks 3rd.
June 5, 2017 | Marketplace
"When you're doing your taxes, you're just the IRS' lowest-paid employee," said Austan Goolsbee, a professor of economics at the University of Chicago and former chairman of Obama's Council of Economic
Advisers. "All you’re doing is typing in information they already have."
June 4, 2017 | The Wall Street Journal
According to data compiled by Eugene Fama, a finance professor at the University of Chicago Booth School of Business, and Kenneth French, a finance professor at Dartmouth College’s Tuck School of
Business, the decile of stocks with the highest momentum beat the S&P 500 by just 1.3 percentage points over the 10 years through March 31 of this year (before transaction costs).
June 2, 2017 | Chicago Tribune
"It was a great business until the people at the top decided that strategy didn't matter for them and that they would forever be able to play the same game and win," said James Schrager, clinical
professor of entrepreneurship and strategy at the University of Chicago's Booth School of Business.
June 1, 2017 | CNBC
Indeed, low natural gas prices are expected to support further U.S. emissions reductions, noted Randy Kroszner, economics professor at the University of Chicago and former Federal Reserve Governor. In
fact, he added, Beijing is the one most in need of reform: "The key for world climate change is China."
May 30, 2017 | Forbes
Research done by Professors Eugene Fama at the University of Chicago and Kenneth French at the Tuck School of Business at Dartmouth College have presented findings that suggest strong returns of actively
managed mutual funds is more due to luck and not skill. If Fama and French are correct, your investments is not the place to be active.
May 29, 2017 | Forbes
Thanks to Scott R. Baker of Northwestern University, Nicholas Bloom of Stanford University and Steven J. Davis of the University of Chicago, we have a measure or proxy for Higgs’s regime
uncertainty.
May 28, 2017 | Strait Times
Among the speakers that year was Dr Raghuram Rajan, the chief economist of the International Monetary Fund who was given the job two years earlier at age 40. It was meant to be a celebration of the
Greenspan era but what the audience, which included Mr Greenspan, heard from Dr Rajan was a prognosis of dire tidings to come.
May 27, 2017 | Strait Times
The AMPF, held at the Shangri-La Hotel, is co-organised by the University of Chicago Booth School of Business, the National University of Singapore Business School and the Monetary Authority of Singapore.
May 26, 2017 | The Wall Street Journal
“I used to go around asking CFOs why they had split their stock, and their tried-and-true answer was usually that investors expected them to be in some range,” said economist Richard Thaler
of the University of Chicago Booth School of Business, who co-authored an academic paper on stock splits with Mr. Weld in 2009. Mr. Thaler isn’t convinced: “That never made sense to me.”
May 26, 2017 | CNBC
"Banks are in a much safer place than they were. The problem is the overall level of risk in the economy hasn't diminished considerably. If you make the banks safer, it has to go somewhere else," said Rajan, who is currently a professor of finance at the University of Chicago Booth School of Business.
May 25, 2017 | NPR
She pointed to the plummeting employment rate of young men as one macro-development related to iGen, and cited the work of University of Chicago economist Erik Hurst. Last year, in a university profile, Hurst
discussed his research on the dwindling percentage of young males without a college degree in the labor force and this trend’s connection to leisure-time technology.
May 23, 2017 | Bloomberg
University of Chicago Booth School Professor Austan Goolsbee, former chairman of President's Council of Economic Advisors under President Barack Obama, discusses President Donald Trump's 2018 budget.
May 22, 2017 | Chicago Tribune
Indonesian entrepreneur Tandean Rustandy, who earned an MBA from the University of Chicago's Booth School of Business in 2007, has donated $20 million to the school's social innovation center.
May 19, 2017 | Bloomberg
Luigi Zingales, professor at University of Chicago Booth School of Business, discusses Brexit and the Tory Party’s manifesto.
May 19, 2017 | Bloomberg
Luigi Zingales, a professor at University of Chicago’s Booth School of Business, says Republicans have been missing in action in keeping Trump in check.
May 15, 2017 | Financial Times
But as University of Chicago Booth School professor Luigi Zingales, who recently organised a conference around corporate power and its dampening effect on the economy, points out: “It’s not
that we don’t pay for digital services — we do pay dearly, with our data, and our attention.”
May 13, 2017 | Washington Post
In fact, in a recent paper, University of Chicago Booth School of Business economics professor Owen Zidar looked at changes to the tax code over the postwar period, with an eye toward comparing the economic effects of tax cuts felt by the rich vs. the poor. He found that the relationship
between tax cuts and job growth is primarily driven by cuts for lower-income groups and that the economic effects of tax cuts for the top 10 percent are tiny.
May 13, 2017 | Salon
During the May 8 edition of CNN Newsroom, Moore — CNN’s “senior economics analyst” — was joined by University of Chicago economist Austan Goolsbee to discuss the merits of
billionaire businessman and philanthropist Warren Buffett’s argument that the Trump health care agenda amounts to little more than a tax cut for the rich funded by cuts to health care subsidies for low-income Americans.
May 12, 2017 | Bloomberg
University of Chicago Booth School of Business Professor Randy Kroszner discusses what’s good and bad in the Volcker Rule as Treasury Secretary Steven Mnuchin is said to have begun a review of
the rule.
May 11, 2017 | Livemint
Oleg Urminsky of 天美传媒 believes that people have a positivity bias about future.
May 10, 2017 | New York Daily News
John Paul Rollert, an adjunct professor at the University of Chicago’s Booth School of Business and author of a blistering takedown of Spirit Airlines, says the ease of filming such interactions
means airlines “have to get used to the fact that people are watching at all times.”
May 9, 2017 | The Atlantic
“There is no doubt that men are working much less during the 2000s, and it doesn’t look like it’s a cyclical pattern as much as it is structural,” said Erik Hurst, an economist at the
University of Chicago’s Booth School of Business.
May 8, 2017 | The Washington Post
Out of 42 top economists surveyed by the Initiative on Global Markets at the University of Chicago Booth School of Business, 37 said Trump’s proposal would not pay for itself through added growth. The other five did not answer the question.
May 8, 2017 | The Washington Post
The University of Chicago's Booth School of Business regularly polls economists on controversial questions. In a survey the school published last week on Trump's tax plans, only two out of the 37 economists that responded said that the cuts would stimulate the economy enough to cancel out the
effect on total tax revenue.
Those two economists now both say they made a mistake, and that they misunderstood the question.
May 4, 2017 | The Washington Post
The figures were published Tuesday by Chicago's , which regularly polls a panel of prominent economists for their opinions on issues in the news.
May 3, 2017 | CNBC
Former Fed governor Randy Kroszner says the uncertainty has not bothered the stock markets so the Fed may have a similarly positive view about U.S. growth.
May 2, 2017 | Bloomberg
One of the people that I like talking to is Richard Thaler, who is a behavioral economist. The way that people think they behave and the way they actually behave are often two different things.
May 2, 2017 | Los Angeles Times
“We have to focus on upgrading skills of American workers,” said Raghuram Rajan, a University of Chicago professor and former governor of India’s central bank. A lot of the new jobs,
he added, are in the service industry, but getting them into rural areas and smaller communities is a big challenge. “These are important questions that the administration has to ask.”
May 2, 2017 | Bloomberg
In 2012, 95 percent of leading economists surveyed by the University of Chicago Booth School of Business agreed with the following statement: “Freer trade improves productive efficiency and offers consumers better choices, and in the long run these gains are much larger than any effects on
employment.”
May 1, 2017 | Live Mint
That is because working towards a comfortable retirement maybe a mere justification for keeping busy. Chicago Booth professor Christopher Hsee says that an important reason people engage in activities
is that they dislike being idle.
May 2017 | The Atlantic
Richard Thaler, an economist at the University of Chicago and one of the field’s pioneers, told The Wall Street Journal in 2015 that saving for retirement is “a prototypical
behavioral-economics problem” because it is “cognitively hard—figuring out how much to save—and requires self-control.”
April/May 2017 | 1843 Magazine
What these individuals are not doing is clear enough, says Erik Hurst, an economist at the University of Chicago, who has been studying the phenomenon.
April 30, 2017 | Money Week
That’s a shame because, as a new study shows, cutting taxes on the poor is a good way to boost economic growth. Owen Zidar, an assistant professor of economics at the University of Chicago Booth
School of Business, looked at tax cuts in the US for the postwar period, then at their impact on different states. He found that a lot more jobs were generated in the poorer states for each tax cut than in the richer ones.
April 28, 2017 | NPR
RANDALL KROSZNER: The U.S. economy is an enormous, massive thing, and to try to get all the numbers together really quickly is pretty tough.
April 28, 2017 | Seattle Times
The Seahawks even have an academic validation for their MO. In his 2016 book “Misbehaving,” University of Chicago economist Richard H. Thaler argues that teams should always trade out of the
first round for multiple picks in the second or later rounds.
April 27, 2017 | Newsweek
In fact, in a 1999 analysis of six tax changes since 1922, University of Chicago economist Austan Goolsbee found that it was quite unlikely the government would raise more revenue that would offset
increasing deficits by cutting marginal tax rates below where they are now.
April 21, 2017 | Financial Times
“What is different this time is that all the engines are firing for the first time,” says Raghuram Rajan, a former Indian central bank governor and IMF chief economist. “They are not
firing very strongly. But they are firing.”
April 17, 2017 | USA Today
“I don’t think there is any reason to believe Millennials are more risk averse than other (generational) cohorts,” says Richard Thaler, a professor at the University of Chicago’s
Booth School of Business.
April 24, 2017 | Readers Digest
"It's easy to imagine all the ways things will go badly or believe that this person doesn't want to connect," Nicholas Epley, a professor of behavioral science at the University of Chicago Booth School of
Business told the New York Times. But if you reach out, he continued, "almost everybody reaches back."
April 21, 2017 | Forbes
The distinct Booth experience is something that the school’s Associate Dean for Student Recruitment and Admissions, Kurt Ahlm is keenly aware of as he and his team put together the application each year
April 18, 2017 | CNBC
She summarized University of Chicago Booth School of Business findings for NPR, saying that, in their sample, dissatisfaction increased, and could lead to divorce, "once a woman started to earn more than her husband."
April 17, 2017 | Daily Show
Former Obama administration economist Austan Goolsbee weighs in on how President Trump's budget affects the economy and talks about the U.S.'s changing workforce.
April 17, 2017 | Poets & Quants
Now it’s putting some distance between it and the next biggest finance factory: In 2016 the second-most finance MBAs came not from the Northeast but the Midwest, the University of Chicago’s Booth School of Business, which moved up to 35.0% from 34.8% in 2015.
April 17, 2017 | Bloomberg
A by the University of Chicago Booth School of Business professor Owen Zidar demonstrates the differences between cutting taxes
for the well-off and cutting them for those of modest means.
April 17, 2017 | New York Magazine
Nicholas Epley, a psychologist at the University of Chicago’s Booth School of Business, thinks many people see email as a less anxiety-inducing form of talking.
April 12, 2017 | The Economist
ONE sign that monopolies are a problem in America is that the University of Chicago has just held a summit on the threat that they may pose to the world’s biggest economy.
April 12, 2017 | Fortune
Commentary by John Paul Rollert. United has now offered Dao a sincere apology—Munoz said Wednesday morning that he felt “shame” over the incident—and one suspects they will soon
be offering him a lot of money too. He deserves it. He deserved better. The rest of us do too.
April 12, 2017 | PhysOrg
Another objectionable example harkens back to a well-known 2004 paper by Marianne Bertrand of the University of Chicago Booth School of Business and Sendhil Mullainathan of Harvard University. The
economists sent out close to 5,000 identical resumes to 1,300 job advertisements, changing only the applicants' names to be either traditionally European American or African American.
April 12, 2017 | Bloomberg
Austan Goolsbee, economics professor at University of Chicago, and Douglas Holtz-Eakin, president of American Action Forum, discuss the difficulty of trying to get tax reform in the U.S.
April 12, 2017 | Bloomberg/Yahoo!
Austan Goolsbee, economics professor at University of Chicago, and Douglas Holtz-Eakin, president of American Action Forum, discuss a letter penned by multiple economist to politicians about the merits
of immigration for the U.S.
April 10, 2017 | CNBC
"If there is excess volatility due to non-fundamental reasons, eliminating it will result in lower volatility and more efficient markets," Stefano Giglio, associate professor of finance at the University of Chicago's Booth School at Business, wrote to CNBC on Monday.
April 7, 2017 | Finanz und Wirtschaft
Raghuram Rajan, Professor of Finance at the University of Chicago and former governor of the Reserve Bank of India, warns of more turmoil ahead if the developed world fails to adapt to the fundamental
forces of global change.
April 7, 2017 | TREND Magazine
Eugene Fama is a living legend of modern finance theory. He has been teaching at the University of Chicago Booth School of Business for over 50 years, having earned tenure at the age of 26. He has worked alongside celebrity professors such as Friedrich von Hayek, Milton Friedman, Ronald Coase, and
Gary Becker.
April 6, 2017 | Bloomberg
The short answer is: rarely. Research by University of Illinois’s Petro Lisowsky and Chicago Booth’s Michael Minnis demonstrates that almost two-thirds of medium-to-larger private companies
choose not to produce audited GAAP statements.
April 6, 2017 | Forbes
I first heard the noted American economist and author Dr. Richard Thaler give a speech about something called “behavioral finance” over 20 years ago. It was my introduction to a new field of
research in economics.
April 6, 2017 | Chicago Tribune
Even with new anti-corruption regulations, it's estimated that one out of seven firms suffers from ongoing fraud, according to an August 2014 research paper co-written by Luigi Zingales, a professor at
the University of Chicago. (Experts from the University of Toronto and University of California at Berkeley also contributed).
April 6, 2017 | Business Insider
New analysis from Poets and Quants shows that graduates from elite MBA programs are being heavily recruited by tech firms. For instance, over the past five years, Amazon has hired 445 MBA grads from Chicago, Northwestern, MIT, Columbia, Michigan, and Duke.
April 5, 2017 | USA Today
“Mental accounting is essentially the household equivalent of financial accounting, but it is often done without conscious thought,” says Richard Thaler, a professor at the University of
Chicago Booth School of Business and author of Misbehaving: The Making of Behavioral Economics.
April 3, 2017 | NBC News
"People dread idleness, and their professed reasons for activity may be mere justifications for keeping busy," University of Chicago professor of behavioral science and marketing Christopher Hsee
observed.
April 3, 2017 | Forbes
These aren’t totally uncharted waters. The University of Chicago’s Richard Thaler, one of the world’s leading behavioral economists, has suggested in the past where the
line between incentivizing and manipulating lies.
April 3, 2017 | Metro
Dr Nicholas Epley, a professor of behavioral science at the University of Chicago told Quartz, "Historically, anthropomorphising has been treated as a sign of childishness or stupidity, but it's actually
a natural byproduct of the tendency that makes humans uniquely smart on this planet.
April 3, 2017 | Country Living UK/Yahoo!/Cosmopolitan/Redbook
"Historically, anthropomorphising has been treated as a sign of childishness or stupidity, but it's actually a natural byproduct of the tendency that makes humans uniquely smart on this planet," Dr Nicholas
Epley, a professor of behavioral science at the University of Chicago said.
March 31, 2017 | Quartz
“Historically, anthropomorphizing has been treated as a sign of childishness or stupidity, but it’s actually a natural byproduct of the tendency that makes humans uniquely smart on this planet,” says Nicholas Epley, a professor of behavioral science at the University of Chicago.
March 31, 2017 | Daily Mail
Nicholas Epley, a professor of behavioral science at the University of Chicago and an anthropomorphism expert, told Quartz: 'Historically, anthropomorphizing has been treated as a sign of childishness or
stupidity, but it’s actually a natural byproduct of the tendency that makes humans uniquely smart on this planet'.
March 21, 2017 | Bloomberg
Eugene Fama, the University of Chicago finance professor, proved the “expectations theory” in his groundbreaking research on spot and forward rates.
March 20, 2017 | Big Think
Despite the uncertainty, they actually report being happier than they were 15 years ago. So what’s making them content to stay out of work? Better video games, says Erik Hurst, an
economist at the University of Chicago who co-authored a study on this shift in the labor supply:
March 14, 2017 | CNBC
Women "walk a tightrope" in financial advisor jobs, where their bosses have less tolerance for missteps, said co-author Gregor Matvos of the University of Chicago.
March 14, 2017 | Inc.
Writing in the New York Times recently, Ayelet Fisbach, a professor at University of Chicago's Booth School of Business, notes: "People send résumés and go to interviews thinking that they
care only about salaries and promotions."
March 14, 2017 | US News & World Report
In the full-time MBA rankings,the Wharton School at the University of Pennsylvania moves up three places to tie with Harvard University at No. 1. The Booth School of Business at the University of Chicago follows at No. 3, while Stanford University, the Sloan School of Business at the Massachusetts
Institute of Technology and the Kellogg School of Management at Northwestern University tie at No. 4.
March 14, 2017 | NBC
The University of Chicago's Booth School of Business ranked third in the business category of U.S. News & World Report's new list of the best graduate schools for 2018.
March 14, 2017 | Fortune Magazine
The study was conducted by finance professors Mark Egan of the University of Minnesota Carlson School of Management, Gregor Matvos of the University of Chicago Booth School of Business, and Amit Seru of Stanford Graduate School of Business.
March 13, 2017 | Forbes
Kellogg’s Executive MBA program (#2), and Chicago Booth’s Executive MBA program (#3) maintained their positions in the global rankings, while also dominating the top spots in the Midwest regional ranking.
March 13, 2017 | New York Magazine
A good explanation of this can be found in , by University of Chicago psychologist Nicholas Epley.
March 13, 2017 | Poets & Quants
Most importantly for the U.S. News ranking, Berkeley Haas retained its high peer assessment score of 4.5 out of 5. That score, calculated from a fall 2016 survey that asked B-school deans and MBA program directors at 360 part-time MBA programs to rate the other part-time programs, accounts for 50%
of the total measure of each school. Only Chicago Booth, at 4.7, received a higher score than Haas.
March 8, 2017 | Chicago Tribune
The University of Chicago's Booth School of Business has named a new dean, Stanford accounting scholar Madhav Rajan.
March 8, 2017 | Crain's Chicago Business
University of Chicago's Booth School of Business is turning again to Stanford University, picking a business school faculty member—and another native of India—to be its next dean.
March 8, 2017 | Poets & Quants
When the University of Chicago’s Booth School of Business last needed a dean, it turned to Stanford University’s Graduate School of Business for one. Today (March 8), it went back to the GSB well and fished out yet another Stanford super star, Madhav V. Rajan, the school’s former
senior associate dean for academic affairs.
March 8, 2017 | Business Insider
T=17. University of Chicago — Climbing two places from its ranking of 19th in 2017, Chicago's business school has produced famous alumni including the founder of Oracle Larry Ellison.
March 7, 2017 | Business Insider
By contrast, “the Republican plan, as outlined right now, really is centrally about income redistribution, of the reverse Robin Hood variety,” said Austan Goolsbee, a University of Chicago
economics professor who was chairman of Obama’s Council of Economic Advisers.
March 7, 2017 | The Wall Street Journal
Then three economics and finance professors—Scott Baker of Northwestern University, Nick Bloom of Stanford University and Steven Davis of the University of Chicago—created a series of Economic
Policy Uncertainty, or EPU, indexes. And sure enough, according to Prof. Harvey, gold shows a modest historical correlation with the global version of the EPU.
March 6, 2017 | CNBC
Discussing the inflation story in the U.S. as Trump economic policies take shape, with Austan Goolsbee, University of Chicago Booth School of Business economics professor
March 6, 2017 | The New Yorker
Indeed, for all the business complaints about Obama’s actions during the Great Recession, work by the economists Atif Mian and indicates that uncertainty about his policies had a trivial impact.
March 2, 2017 | Fast Company
“You need positive feedback if you’re unsure about your task commitment,” says University of Chicago behavioral scientist Ayelet Fishbach, “that is, if you think the task might be
too challenging for you. You also need positive feedback if you’re a novice and have only recently started working on the task.”
February 28, 2017 | The Huffington Post
William J. Chopik from Michigan State University and Ed O’Brien from University of Chicago wanted to know if just living with a happy person could also affect a person’s health in a positive way.
February 27, 2017 | Financial Times
Chris Lecatsas-Lyus, director of career management for Chicago Booth in Europe, is a psychotherapist and career coach. Alongside colleagues in Chicago and Hong Kong, she offers coaching to alumni facing career dilemmas at the business school’s three global campuses and for any age up to
retirement — even beyond, in some cases.
February 27, 2017 | FOX
Former Chairman of the Council of Economic Advisors and University of Chicago Booth School of Business’ Austan Goolsbee discussed the potential U.S. market and economic outlook under President
Trump.
February 22, 2017 | New York Magazine
In June, Erik Hurst, a professor at the University of Chicago’s Booth School of Business, delivered a graduation address and later wrote an essay in which he publicized statistics showing that, compared
with the beginning of the millennium, working-class men in their 20s were on average working four hours less per week and playing video games for three hours.
February 22, 2017 | Economic Times
During his stint as the Reserve Bank of India governor, Raghuram Rajan often found himself in the headlines. But after stepping down from the role and returning to academic life, he has judiciously
stayed away from the media.
February 22, 2017 | The Guardian
Writing on Italy’s experiences with Silvio Berlusconi, Luigi Zingales of the University of Chicago, argues that it is important to take the Trump Administration’s policy proposals seriously
and to engage them substantively if they are to be effectively opposed or shaped.
February 14, 2017 | WTTW
Ayelet Fishbach, University of Chicago Jeffrey Breckenridge Keller professor of behavioral science and marketing, joins us to talk about how applying a few principles learned from behavioral research can
improve our relationships – romantic and otherwise.
February 14, 2017 | The Economic Times
When Raghuram Rajan stepped down as the Reserve Bank of India’s governor in September last year, he left a gift for his successor — the gift of silence, to allow the new governor time and
space to give voice to his ideas.
February 10, 2017 | The New York Times
According to a recent paper by the economists Chang-Tai Hsieh, from the University of Chicago’s Booth School of Business, and Enrico Moretti, from the University of California, Berkeley, local
land-use regulations reduce the United States’ economic output by as much as $1.5 trillion a year, or about 10 percent lower than it could be.
February 2, 2017 | NPR
When you eat together, one thing that happens is that you're usually eating the same food as the other person. I was talking to Ayelet Fishbach at the University of Chicago. She told me that food has
symbolic meaning all around the world.
February 1, 2017 | NPR
To see why, take a look at the Financial Trust Index. A University of Chicago Booth School of Business team, headed by Paola Sapienza and Luigi Zingales, tracks how much people trust various economic
entities -- banks, the stock market, mutual funds and large corporations.
January 31, 2017 | The Huffington Post
Early this year, University of Chicago Booth School of Business professors Amir Sufi, Marianne Bertrand, and Randall S. Kroszner convened at the New York Hilton Midtown to talk about the top economic challenges facing Donald Trump, the current President of the United States.
January 26, 2017 | Asian Review
For Raghuram Rajan, India's former rock star central banker, geopolitical risk is the primary worry in today's world. He ranks it ahead of a possible trade war and rising interest rates as reasons to
lose sleep.
January 26, 2017 | Bloomberg
Randall Kroszner, professor of economics at University of Chicago Booth School of Business, looks at U.S. President Donald Trump's ability to affect change on bank regulations and discusses concerns
of a Chinese banking crisis.
January 24, 2017 | The Straits Times
"The economy is facing a major crisis... it's on the brink of death... and while the economy is growing - slowly - workers' pay is still as stagnant as ever," said University of Chicago economist Hsieh
Chang-tai.
January 23, 2017 | Bloomberg
To be sure, a booming stock market and a weak economy are not necessarily mutually exclusive. Investors could simply be expecting policies such as tax reform and deregulation to boost corporate profits, with little regard for the broader effect on growth. At least that's how economists interpreted
the market's optimism in a recent poll by the Chicago Booth Business School.
January 23, 2017 | The New Yorker
But, for all the field’s potential, its advances seemed mostly to have served the private sector. (And there they often veered toward sly consumer coercion.) A prominent exception was the “nudge,” a notion advanced by the legal scholar Cass R. Sunstein, now at Harvard Law School,
and the University of Chicago behavioral economist Richard Thaler, in their 2008 best-seller “Nudge: Improving Decisions About Health, Wealth, and Happiness.”
January 21, 2017 | Live Mint
A recent paper by Mara Faccio and Luigi Zingales, professors of finance at Purdue and Chicago universities, shows that government intervention in telecom markets is a common phenomenon in most countries.
January 19, 2017 | The Wall Street Journal
Some economists say such intervention may be savvy politics but make markets less efficient. “We would expect such behavior from a dictator of a banana republic, not from the president-elect of the oldest democracy in the world,” said Luigi Zingales, a finance professor at the University of Chicago Booth School of Business.
January 19, 2017 | Chicago Magazine
One of my favorite new data sets that illustrates this is in a recent working paper co-written by the University of Chicago’s Thomas Wollmann, an economist who works at its Booth School of
Business. It correlates 40 college football teams’ performance in the AP poll (a weekly measure of how good the teams are compared to others) over 14 years with their colleges’ success in raising research funding (via this great dataviz roundup).
January 19, 2017 | Welt.de
(Translated) Five years ago, Luigi Zingales predicted the victory of Donald Trump. But his colleagues just laughed. How did Zingales, a professor at the prestigious University of Chicago, come up with the
idea? Perhaps because he is an economist - he argued that the weak economic growth encouraged the rise of populists.
January 19, 2017 | Business Because
In many cases, schools like Harvard Business School are asking only a single MBA essay question. Some schools, like Chicago Booth, have gone even further in setting aside the traditional essay question for an alternate format.
January 16, 2017 | CNBC
Raghuram Rajan at 天美传媒 talks about the prospects of a trade war and central bank independence.
January 16, 2017 | The Washington Post
Mian and a colleague, Amir Sufi at the University of Chicago, have argued that banks, confident they had a way to manage the risks, disproportionately increased lending to poor borrowers. To make their monthly
payments, these households began skimping on other expenses, slowing the pace of economic activity overall.
January 04, 2017 | Straits Times
Raghuram Rajan shares his insights on democracy, inclusion, and prosperity
January 3, 2017 | Bloomberg
The Federal Reserve’s plan to further withdraw support for the U.S. economy will ease pressure on other major central banks to keep up their own “aggressive” monetary stimulus, former Reserve Bank of India Governor Raghuram Rajan said.
January 1, 2017 | The Sydney Morning Herald
But research by Nicholas Epley, of the University of Chicago's Booth School of Business, and Juliana Schroeder, of the University of California, Berkeley's Haas School of Business, shows our
instincts are wrong.
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