Research-driven insights on business, policy, and markets. A @ChicagoBooth publication. Podcast: https://nitter.gq/t.co/Uutg3VKKct Greatest hits: https://nitter.gq/t.co/6suxerJ6ax
Joined August 2013
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Why don't most voters spend hours researching every candidate and policy?
According to @ChicagoBooth's Sam Peltzman, the answer is something economists call "rational ignorance."
Listen to the full CBR Podcast 🎧chicagobooth.edu/review/podc…
Watch on YouTube ▶️youtube.com/watch?v=TKzbxrgw…
Chicago Booth Review retweeted
My first book "Macro: The Economic Models that Shape Our World" is now out !
Available at your favorite bookseller.
New data and a continent-wide survey in Africa capture what founders want and what funding looks like, via Chicago Booth’s Emanuele Colonnelli, the World Bank’s Marcio Cruz and @mariana_ppl11, Columbia’s @PorzioTommaso, and Stanford PhD student Chun Zhao.
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Does measuring productivity makes companies more productive?
In this Q&A, Chicago Booth’s Michael Minnis discusses how good accounting gives companies an information advantage.
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LLMs can account for 20% of stock price moves after earnings announcements, according to research from @chicagobooth’s @rkoijen and @blynch41.
They're inviting you to build an #AI model that can do better: ms.spr.ly/6017aAgrF
See the research 👇 ms.spr.ly/6016aAgr0
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Chicago Booth Review retweeted
**New paper** Can a new product few people buy change what everybody buys? We added a premium option at Lyft and riders went down the menu. Turns out the price tag teaches people something.
The economists in the crowd are likely thinking, wait, what happened to regularity, the weakest axiom in demand theory? Is this due to small samples?
We find this result in a natural field experiment with more than 7 million riders and 47 million choices and pair it with a model that has memory doing the work. There is even something in the paper for firms interested in introducing new product variants.
The paper is downloadable free in the first comment.
What shoppers buy reflects what they know about products—not just what they like. A new method helps tell the difference.
~via Yale’s @Jabaluck, Chicago Booth’s @GioCompiani, and Fan Zhang from the Nova School of Business & Economics ms.spr.ly/6018aAglY
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Chicago Booth Review retweeted
New paper in Trends in Cognitive Sciences! 🚨 A new way to think about collectivism and how an intuitive mix-up knocked a field off course for 30 years. cell.com/trends/cognitive-sc…
Is forgoing profits enough to substantially lower grocery bills?
via @KentClarkCenter @DuncanWeldon ms.spr.ly/6017aAafV
Chicago Booth Review retweeted
Modern management is all about making the workplace more efficient. Booth’s John Burrows joins the @chicagoboothrev Podcast to discuss the cost of that efficiency and more from his new book, “Social Capital at Work,” out today. ms.spr.ly/6015aASOZ
Does the economy have too much riding on AI?
A panel of experts considers whether the market’s hottest industry is concentrating risk.
via @KentClarkCenter #AI
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ICYMI:
AI can do the work. Can it build the trust?
@UChicago @HarrisPolicy's John Burrows talks about what companies are missing in their AI strategies.
chicagobooth.edu/review/podc…
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#Capitalisnt hosts @zingales and @bethanymac12 look at the economics behind US midterm promises. ms.spr.ly/6010aAgqy
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Chicago Booth Review retweeted
You’ve got questions, we’ve got answers. 🎤 Join Chicago Booth on November 20 at 1 p.m. CT as @ClearAdmit hosts a Reddit AMA on r/MBA. We will be cohosting this event alongside six other business schools. 📅 Save your spot and get a reminder: ms.spr.ly/6011aAx8U
Chicago Booth Review retweeted
In this week’s “On Global Markets,” @DuncanWeldon unpacks populism and the economy, drawing on a session at the Clark Center Economic Experts Conference in London and Clark Center Experts Panel polls: kentclarkcenter.org/populism…
What does repeat browsing reveal about how consumers make decisions?
Research from @HKUniversity’s Ivy Chu Dang, @nyuniversity's @ralucamursu, and Chicago Booth’s Pradeep K. Chintagunta explains this behavior and could help retailers’ targeting efforts. ms.spr.ly/6019aA9Kv
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Chicago Booth Review retweeted
If good knowledge drives out bad, why was bloodletting mainstream medicine for roughly 2,500 years, endorsed by the most credentialed people available.
Nobel laureate Joel Mokyr argues the answer to why it was possible matters more now than ever before with AI. Listen to the full conversation with him on the latest episode of the Capitalisn’t podcast below 👇
What makes a gift feel special?
Research explains how being widely generous can backfire on givers. ms.spr.ly/6014aFHHg
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Is inflation anchoring a myth?
Maybe it’s not what the Fed says but what it does that matters, suggests research by @BerkeleyHaas’s @umalmend and @ChicagoBooth’s @ProfStefanNagel.
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It’s difficult (but not impossible) to regulate online porn, according to research.
A study looks at the effects of age verification.
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