In the News 2018

It's use-it-or-lose-it season in Washington

September 18, 2018 | Marketplace

Neale Mahoney, an economist at the University of Chicago who has studied government contracting, says a retired naval officer told him, “Every year on Sept. 30 at 9 p.m. Pacific he’d get a call from the Pentagon saying, 'It’s midnight here, so we can’t spend any more of this year’s budget, but you have three hours left.'"

“They Tend to Be a Little Psychopathic in that Way.”

September 17, 2018 | Institutional Investor

In 2015, Richard Thaler, a Nobel Prize-winning professor at the University of Chicago, wrote a book called Misbehaving, about the history of behavioral economics, of which he is a founder.

When Behavioral Economists Advocate Misbehavior

September 14, 2018 | Forbes

Consistent with the authors’ assertion, there is evidence, by Erik Hurst, a University of Chicago economist, that spending on activities that require time increases slightly in retirement, while spending on items where time can be substituted goes down.

The tricks retirees play on themselves — that can cripple their investments

September 14, 2018 | MarketWatch

Consider an Economic Policy Uncertainty (EPU) index that was created several years ago by three finance professors: Scott Baker of Northwestern, Nick Bloom of Stanford, and Steven Davis of the University of Chicago.

9 Faces Of The 2008 Financial Crisis: The Winners, The Losers And Those Left Behind

September 14, 2018 | Huffington Post

In 2005, when he was chief economist of the IMF, Raghuram Rajam gave a talk at a meeting of economists and bankers at Jackson Hole, Wyoming, in which he warned of an impending financial crisis.

The stock market boom has given CEOs a raise. What about average workers?

September 13, 2018 | PBS

Steve Kaplan, a University of Chicago Booth School of Business professor who studies economics and corporate governance, said stock options are important to corporate profitability because they ensure executives’ personal success is tied to the company’s performance.

These 4 called the last financial crisis. Here’s what they see causing the next one

September 13, 2018 | MarketWatch

As the IMF’s chief economist (he has since served as chairman of the Reserve Bank of India and teaches finance at the University of Chicago Booth School of Business), Rajan presented a paper at the Federal Reserve Bank of Kansas City’s annual retreat at Jackson Hole, Wyo., in August 2005.

How to Fight the Next Crisis

September 13, 2018 | Bloomberg

Raghuram Rajan, the former head of the Reserve Bank of India who foretold the last crisis in 2005, says, “the traditional ingredients have been put in place” for another meltdown.

10 years on, lessons learned from the financial crash

September 12, 2018 | BBC

We're joined throughout the programme by three guests. In Washington, Heather Slavkin Corzo, the director of the Office of Investment of the trade union, the AFL-CIO, and Professor Randall Kroszner, Former Federal Reserve Governor and now Deputy Dean of the Executive MBA programme at the University of Chicago Booth School of Business.

Who should you trust? Psychologists have a surprising answer

September 12, 2018 | Quartz

“We theorized that guilt-proneness predicts trustworthiness because people who are high in guilt-proneness feel more responsible for others,” says Emma Levine, an assistant professor at University of Chicago’s Booth School of Business, “and this is exactly what we found.”

Why you should avoid small caps for the rest of the year

September 11, 2018 | MarketWatch/MSN/Morningstar

As many of you no doubt know, since 1926, small caps have significantly beaten large caps — by 2.4 percentage points annualized, according to data from University of Chicago professor Eugene Fama and Dartmouth College professor Ken French.

How Top Financial Advisors Are Using Behavioral Science To Rethink Your Investments

September 11, 2018 | Forbes

Academics such as Richard Thaler, who won last year’s Nobel prize in economics, have persuasively described how “mental accounting” leads people to regard money differently depending on what it’s to be used for.

From Trump to Trade, the Financial Crisis Still Resonates 10 Years Later

September 10, 2018 | The New York Times

Amir Sufi, a professor of economics and public policy at University of Chicago’s Booth School of Business and the co-author of “House of Debt,” pointed to the financial crisis as the source of reduced civility a few months after Mr. Trump’s victory.

To Shatter the Glass Ceiling, Don’t Force It

September 8, 2018 | The Wall Street Journal

Marianne Bertrand, a professor of economics at the University of Chicago’s Booth School of Business, co-wrote an analysis of Norway’s quotas in 2014 about a decade after they took effect.

Women aren't freezing their eggs because of their careers — it's because they can't find the right partners

September 7, 2018 | Business Insider

"The lack of good jobs for these men is making them less and less attractive to women in the marriage market, and women, with their greater earnings, can do fine remaining single," Marianne Bertrand, an economist at the University of Chicago's Booth School of Business, told Thrive Global.

Lessons from a thank-you study: If being nice makes us happier, why don't more of us do nice things?

September 7, 2018 | WRAL

Those receiving the letters don't use the same measure, says Nicholas Epley, one of the authors and a professor of behavioral science at the University of Chicago Booth School of Business.

This Week In Credit Card News: Amazon Building A Large Delivery Fleet; Beware Of Fake Check Scams

September 7, 2018 | Forbes

The no-surcharge and no-steering rulings eliminate competition among credit card companies because a low-cost credit card company will not see its low fees reflected in lower surcharges and a higher market share. [Chicago Booth Review]

The Top Feeder Business Schools To The Consulting Industry

September 7, 2018 | Poets & Quants

Several schools, including Dartmouth Tuck, Columbia Business School, Northwestern Kellogg, Chicago Booth, and MIT Sloan, reported a base salary of $147,000; and $25,000, reported by several schools, was the highest median sign-on bonus, though several others reported averages or total “other” compensation that that were higher.

Want to trick yourself into more exercise? Yeah, good luck with that

September 7, 2018 | Washington Post/Sydney Morning Herald/Finanzen

A "nudge" is a policy intervention that "alters people's behavior in a predictable way without forbidding any options or significantly changing their economic incentives," according to Richard Thaler, the University of Chicago economist who last year won a Nobel Prize in part for his work on the subject.

Why Expressing Gratitude Can Be So Hard to Do

September 7, 2018 | Psychology Today

This is the question that University of Chicago psychologists Amit Kumar and Nicholas Epley asked in a set of studies recently reported in the journal Psychological Science.

Corporate Market Power Surges, Markups Skyrocket And Just A Handful Of Companies Are To Blame

September 5, 2018 | Forbes

As for the antitrust angle, University of Chicago Booth’s Dennis Carlton and University of British Columbia’s Ralph Winter have been researching just that in recent antitrust rulings in the credit card market.

Why you should really write that thank-you note

September 4, 2018 | Moneyish

Kumar and his co-author, University of Chicago professor Nicholas Epley, had participants in multiple experiments write letters of gratitude to someone who had helped them, and then predict the awkwardness, surprise and happiness their recipients would feel.

Former ‘Cosby’ Star Geoffrey Owens Deserves Respect For Working At Trader Joe’s

September 3, 2018 | The Federalist

As John Paul Rollert, a friend and mentor of mine who teaches business ethics at The University of Chicago Booth School of Business, told me, “We live in a culture where we so value wealth and celebrity that we not only think taking the low road to achieving them is a self-evident choice if it means getting there faster than by the high one, we scoff at those who would prefer an honest day’s work to the kind of shortcuts that should be a genuine source of embarrassment.”

Trump promised farmers ‘smarter’ trade deals. Now he has to bail them out.

September 3, 2018 | The Washington Post

Threats of additional tariffs and lingering uncertainty over trade policy are also causing firms to reevaluate or delay investment, as University of Chicago Booth School of Business professor Steven J. Davis noted recently.

Austan Goolsbee On Trade Negotiations

August 31, 2018 | NPR

Austan Goolsbee chaired President Obama's Council of Economic Advisers. He's now at the University of Chicago.

Surveillance: Stocks Are A Little Overdone, Mann Says

August 30, 2018 | Bloomberg

Austan Goolsbee, University of Chicago Booth School of Business Robert P. Gwinn Professor of Economics, says any day that we don’t have a trade war is a good day for the economy.

Central bankers grapple with the changing nature of competition

August 30, 2018 | The Economist

Raghuram Rajan of the University of Chicago offered another reason to wait before declaring increased economic concentration either good or bad for the economy overall.

Fifty years of economic history proves that inclusive workplaces make us all richer

August 30, 2018 | Quartz

Four economists from University of Chicago and Stanford University ask readers to consider the progress made since then in a fascinating study (pdf).

Handwritten Thank-You Notes Have Surprising Consequences

August 29, 2018 | Psychology Today

The new research on the benefits of handwritten thank you letters was led by Amit Kumar, assistant professor of marketing in the McCombs School of Business at the University of Texas in Austin. Kumar collaborated with Nicholas Epley, professor of behavioral science at the The University of Chicago Booth School of Business.

Call Trump's trade deal anything but NAFTA

August 28, 2018 | MSNBC

Austan Goolsbee, former Chairman of the Council of Economic Advisers for President Obama, explains why Trump's new preliminary trade agreement with Mexico falls short of "replacing NAFTA."

How to Tame Health Care Spending? Here’s a One-Percent Solution

August 27, 2018 | The New York Times

Neale Mahoney, a health economist at the University of Chicago Booth School of Business, who was one of the working paper’s co-authors, said the history of long-term care hospitals fit together with the economic analysis to suggest that the special hospital payment probably wasn’t appropriate.

Big City Housing Doesn’t Have to Be So Expensive

August 27, 2018 | Bloomberg

A new paper by economists Chang-Tai Hsieh of the University of Chicago Booth School of Business and Enrico Moretti of the University of California at Berkeley found that restrictive zoning in Silicon Valley, San Francisco, and New York “lowered aggregate U.S. growth by 36 percent from 1964 to 2009.”

Trump’s deepening trade wars are threatening a key engine of the US economy

August 27, 2018 | Business Insider

A new survey of firms conducted by the Federal Reserve Bank of Atlanta, Stanford University, and the University of Chicago’s Booth School finds about one-fifth of companies are rethinking business spending due to "recently announced tariff hikes or concerns about retaliation."

Federal Reserve wrestles with steering US policy ‘by the stars’

August 26, 2018 | Financial Times

“All the good wages are in some firms and not in the rest,” said Raghuram Rajan, a professor at University of Chicago Booth School of Business and a former governor of the Reserve Bank of India.

Big City Housing Doesn’t Have to Be So Expensive

August 27, 2018 | Bloomberg

A new paper by economists Chang-Tai Hsieh of the University of Chicago Booth School of Business and Enrico Moretti of the University of California at Berkeley found that restrictive zoning in Silicon Valley, San Francisco, and New York “lowered aggregate U.S. growth by 36 percent from 1964 to 2009.”

How New Technology Is Changing Market Structure

August 24, 2018 | Bloomberg

Chad Syverson, a professor of economics at the University of Chicago Booth School of Business, discusses how artificial intelligence is changing the financial markets with Bloomberg's Mike McKee at the Federal Reserve's annual symposium in Jackson Hole, Wyoming.

Foreseer of Financial Crisis Rajan Warns of Toxic Mix on Trade

August 24, 2018 | Bloomberg

Raghuram G. Rajan, who warned of a credit crisis in 2005 before it hit, is now cautioning that trade wars when combined with a build-up in leverage and high asset prices could result in a toxic mix that dragged global growth.

Here’s why stocks are focused almost exclusively on trade, in one chart

August 24, 2018 | MarketWatch

The particulars include a U.S. pullout from the Trans-Pacific Partnership, threats to jettison the North American Free Trade Agreement, a refusal to affirm new WTO judges, tariff hikes on steel and other goods, frequent rhetorical attacks on major trading partners, and a wrong-headed obsession with bilateral trade deficits,” wrote Steven Davis, a professor of international business and economics at the University of Chicago.

Ex-RBI Governor Rajan Sees Emerging Markets as a Global Risk

August 23, 2018 | Bloomberg

Raghuram Rajan, professor at the University of Chicago Booth School of Business and former Reserve Bank of India governor, discusses the economic risks facing the global economy with Bloomberg's Kathleen Hays at the Federal Reserve's annual symposium in Jackson Hole, Wyoming.

More companies are offering promotions, but without the pay bump

August 23, 2018 | Business Insider

"A husband and wife can easily quit their jobs and both find good opportunities in jobs they want, where they want to live," University of Chicago economist Steven Davis told the Journal.

Fed likely to raise rates again in December: Economist

August 22, 2018 | CNBC

Randy Kroszner, professor at the University of Chicago Booth School of Business, discusses interest rate hikes for the rest of the year.

Psychologists have surprising advice for people who feel unmotivated

August 22, 2018 | Quartz

Writing in MIT Sloan Management Review, Lauren Eskreis-Winkler, a Wharton psychologist who studies motivation, and Ayelet Fishbach, a professor of behavioral science at University of Chicago Booth, explain that psychologists have long known problems related to self-control are connected to a lack of motivation to transform knowledge into action.

Researchers Examine What Social Isolation Can Do To Men's Health

August 21, 2018 | NPR

This is Nick Epley. He's a behavioral science professor at the University of Chicago.

The Interview Show with Mark Bazer: Sarah Grueneberg, Richard H. Thaler

August 20, 2018 | PBS

My next guest just won the nobel prize in economics. He's also at the University of Chicago and the co-author of a best selling book called Nudge. Here is Richard Thaler.

The questions every investor should ask about Trump’s proposal to radically change how companies report earnings

August 20, 2018 | Marketwatch

A paper by Chicago Booth Professor Haresh Sapra and colleagues from the University of Illinois at Urbana-Champaign and the University of Minnesota published in 2014 found there’s a happy medium between too little disclosure and too much delivered too often.

China Should Get It Right: America Is Rising Not Declining

August 19, 2018 | Forbes

A study of credit allocation of China’s economic stimulus plan of 2009-2010 by University of Chicago - Booth School of Business finds that credit expansion “disproportionately favored state-owned firms and firms with lower marginal product of capital, reversing the process of capital reallocation towards private firms that characterized China high growth before 2008.”

The Costs of Motherhood Are Rising, and Catching Women Off Guard

August 17, 2018 | The New York Times

More women with degrees and these kinds of demanding jobs are having children, and they’re likely to be married to men with similar jobs, as Marianne Bertrand, an economist at the University of Chicago, has described.

How Retail Mental Health Could Be Medicine's Next Frontier

August 16, 2018 | Forbes

For his efforts, Aldad won $140,000 in the University of Chicago Booth School of Business’ New Venture Challenge and Global New Venture Challenge competitions that have launched startups like online food delivery service Grubhub and payment processor BrainTree.

When Wives Earn More Than Their Husbands, Both Partners Are in Denial About It

August 16, 2018 | Slate

In 2013, researchers at the University of Chicago Booth School of Business, also using census data, found that marriage rates decline when a woman has the potential to out-earn her husband.

Former RBI Governor Rajan on emerging markets during a currency crisis

August 15, 2018 | CNBC

Raghuram Rajan, University of Chicago Booth School of Business professor and former Reserve Bank of India governor, discusses the Turkish currency crisis and what he sees for other emerging market economies.

Lincoln International's Middle Market Index Shows Ninth Consecutive Quarter of Enterprise Value Growth

August 15, 2018 | PR Newswire/Finanzen/

Much of this growth over the last year relates to the industrial and technology industries as both experienced double-digit growth since Q2 2017," said Steve Kaplan, Neubauer Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business, who assists and advises Lincoln about the index.

Leading Cannabis Company Cresco Labs Presents At Chicago Booth Entrepreneurial Roundtable

August 15, 2018 | PR Newswire/Morningstar/Markets Insider

Midwest-based cannabis company Cresco Labs was a featured presenter this week at the Chicago Booth Entrepreneurial Roundtable.

Precious Meddling: The Impact of Trump’s Tariffs on Steel

August 14, 2018 | WTTW

That’s going to raise the price of steel and aluminum in the U.S.,” said Jonathan Dingel, associate professor of economics at the University of Chicago Booth School of Business.

Princess Diana’s Thoughtful Habit Is Something Everyone Should Do

August 14, 2018 | Huffington Post/Yahoo!/MSN

As explained by The New York Times in July, Amit Kumar, a professor at the University of Texas at Austin, and Nicholas Epley, a professor at the University of Chicago, had participants write a “gratitude letter” to someone who had an effect on them and gauge how much the recipient would like the letter on a happiness scale.

Keeping Tesla shares may not be an option for some big funds

August 13, 2018 | Reuters

David Barclay, chief operating officer of the Center for Research in Security Prices at the University of Chicago’s Booth School of Business, said he knew of no case of a security remaining in an index fund after it went private.

Buy Stove Top Stuffing Mix or Own a Cat? You’re Probably White, According to a New Study.

August 12, 2018 | Slate

According to the Washington Post, University of Chicago economists Marianne Bertrand and Emir Kamenica “taught machines to guess a person’s income, political ideology, race, education, and gender based on either their media habits, their consumer behavior, their social and political beliefs, and even how they spent their time.”

Tesla's Wild Week: What Happened, What Comes Next

August 10, 2018 | Bloomberg

Bloomberg's David Welch and University of Chicago Booth School Professor Steve Kaplan examine the events that followed Musk's tweet and the issues that may await the electric car maker.

Elon Musk's Tesla buyout would reengineer take-private deals

August 8, 2018 | Reuters

“The company is cash-flow negative. How do you use any debt on a company that is cash-flow negative?” said Steven Kaplan, a University of Chicago professor who researches private equity.

Lazy people can motivate themselves by giving advice

August 7, 2018 | New York Post

Professor Ayelet Fishbach and her team even found that, contrary to popular belief, giving guidance is more beneficial than receiving it.

SoftBank CEO Plays Matchmaker to Boost Portfolio Companies

August 7, 2018 | The Wall Street Journal

“The question is how heavy-handed SoftBank is with their ‘recommendations,’” said Waverly Deutsch, professor of entrepreneurship at the University of Chicago Booth School of Business.

For Women In Particular, A Six-Figure MBA Is A Tough Decision

August 7, 2018 | Forbes

According to an economic study cited in the article, women’s post MBA average earnings at one prestigious MBA program, the Chicago Booth School of Business, fell below average male graduates’ earnings almost immediately after graduation and grew even more divergent over time.

Tariffs Prompt U.S. Manufacturers to Review Plans: Fed Survey

August 7, 2018 | Bloomberg

The Survey of Business Uncertainty, conducted with economists Nick Bloom of Stanford University and Steven Davis of the University of Chicago Booth School of Business, found that businesses were primarily putting their spending plans under review, with relatively few making firm decisions to cancel or postpone investments.

Social Psychology v. Behavioral Economics: 3 Key Differences

August 7, 2018 | Psychology Today

As an aside, I once asked Richard Thaler’s opinion of why proponents of neoclassical economic thinking have been so reluctant to admit to the frequent irrationality of our species.

Dealing With Low Confidence? Learn the Art of Giving Advice

August 7, 2018 | Entrepreneur

In the paper , “In Giving We Receive: A Counterintuitive Approach to Motivating Behavior,” published in the journalPsychological Science, Chicago Booth professor Ayelet Fishbach and University of Pennsylvania’s Lauren Eskries-Winkler and Angela Duckworth say that people struggling to achieve goals incorrectly assumed that they needed expert advice to succeed, when, in fact, they were better helped by giving out advice.

10 Business Schools With the Lowest Acceptance Rates

August 7, 2018 | U.S. News

The Booth School of Business at the University of Chicago, tied with Harvard at No. 1 in the rankings, accepted nearly 24 percent of applicants for fall 2017.

What MBAs Earn By Occupation: A Look At Top 50 Business Schools

August 7, 2018 | Poets & Quants

Here, Class of 2017 MBAs reported a median base of $142,793. On one hand, that’s within range of Chicago Booth, Wharton, Northwestern Kellogg and Dartmouth Tuck graduates, who all made $139,000 or more in base starting out.

The Cognitive Biases Tricking Your Brain

September 2018 | The Atlantic

Another key figure in the field is the University of Chicago economist Richard Thaler.

The Stock Market Is Shrinking. That’s a Problem for Everyone.

August 4, 2018 | The New York Times

By 2016, there were only 3,627, according to data from the Center for Research in Security Prices at the University of Chicago Booth School of Business.

Jobs boom favors Democratic counties, not Trump strongholds

August 6, 2018 | CNBC/MSN

Since the 1970s, Americans have also moved further apart on matters of "political ideology," according to research published in June by University of Chicago economists Marianne Bertrand and Emir Kamenica.

Apple’s $1 Trillion Milestone Reflects Rise of Powerful Megacompanies

August 2, 2018 | New York Times

“A year ago, the big tech companies were basically untouchable,” said Luigi Zingales, a finance professor at the University of Chicago who has studied government regulation and corporate behavior.

July jobs number lower than expected but June gains revised upward

August 3, 2018 | CNBC

Discussing the details of the July jobs report with Kristina Hooper, Invesco; Austan Goolsbee, Chicago Booth School of Business; Lanhee Chen, Hoover Institution; and Mark Grant, B.Riley FBR, alongside CNBC's Steve Liesman.

Michigan football saw Paris. The donor's family scored, too.

August 3, 2018 | Detroit Free Press

Steven N. Kaplan, a professor of entrepreneurship and finance at the University of Chicago Booth School of Business, said more information needs to be known to evaluate how well a fund actually did.

Apple’s $1 Trillion Milestone Reflects Rise of Powerful Megacompanies

August 2, 2018 | New York Times

“A year ago, the big tech companies were basically untouchable,” said Luigi Zingales, a finance professor at the University of Chicago who has studied government regulation and corporate behavior.

Fed widely expected to hike rates in September, former governor weighs in

August 2, 2018 | CNBC 

Randy Kroszner, Chicago Booth economics professor and former Federal Reserve governor, gives his view on the U.S. economy.

SoftBank’s unicorn hunter

August 2, 2018 | CNN

Doing so means surpassing the performance of major indices like the S&P 500, which gained 19% in 2017, says Steven Kaplan, who teaches entrepreneurship and finance at the University of Chicago Booth School of Business.

What Prevents People from Thanking Others?

August 1, 2018 | Psychology Today

Based on the results of a series of experiments, Amit Kumar and Nicholas Epley of the University of Chicago have concluded that people do not communicate their appreciation to people they care about because they often underestimate the positive consequences of expressing gratitude.

What Are Economists Getting Wrong Today?

August 1, 2018 | Bloomberg

I think sometimes, in policy circles especially, they want an answer—“When do you think X is going to happen?” —when in fact we don’t really have much to say about that. We have a lot to say about what do you do to make X not happen.” —Raghuram Rajan, Professor at the University of Chicago Booth School of Business and former Governor of the Reserve Bank of India.

Thank-you notes aren't a relic of the past — research suggests even a quick email of thanks can pay off in spades

July 31, 2018 | Business Insider

Amit Kumar at the University of Texas at Austin and Nicholas Epley at Booth School of Business at the University of Chicago enlisted hundreds of participants, or "expressers," to write thank you notes.

'Yes, and': Second City behavioral science group studies how improv can create better communication

July 29, 2018 | Chicago Tribune

To test this theory, Caruso began a partnership in 2017 between the University of Chicago’s Booth School of Business and one of the world’s leading improvisational comedy theaters and training centers — The Second City.

Media downplay Trump administration's economic successes

July 27, 2018 | CNBC

And here to respond to the man who held the same position during the Obama administration, currently an economics professor at the University of Chicago's Booth School of Business -- fantastic school by the way -- is Austan Goolsbee.

What's contributing to global economic uncertainty

July 27, 2018 | CNBC

Steven Davis, professor at the University of Chicago Booth School of Business, discusses trade tensions and how they've contributed to global economic uncertainty.

In Our ‘Winner-Take-Most’ Economy, the Wealth Is Not Spreading

July 26, 2018 | The New York Times

Luigi Zingales, professor of entrepreneurship and finance at the University of Chicago, wrote that the sharp increase in profits reflects Warren Buffett’s investment dictum: “I look for economic castles protected by unbreachable ‘moats’ ” — profits have risen “because firms became better at creating product differentiation and erecting barriers to entry.”

Feeling guilt-prone likely means you're trustworthy, new study finds

July 26, 2018 | Big Think

Chicago Booth Assistant Professor Emma Levine, one of the researchers behind the study, suggests empowering employees with feelings of responsibility for their behavior as a means of building trust in the company.

2 Simple But Powerful Words That Can Change How People Think About You, According to Science

July 25, 2018 | Inc.

In their research, as reported by the website of the British Psychological Society and The New York Times, Amit Kumar at the University of Texas at Austin and Nicholas Epley at the University of Chicago Booth School of Business asked participants to write an email to thank someone who had touched their life in a meaningful way, and express what that person had done and how they had affected their life.

A new study shows you’d be crazy not to send a thank-you note post-interview

July 25, 2018 | Quartz

Co-authored by Amit Kumar, an assistant professor at the University of Texas at Austin who studies well-being, and Nicholas Epley, a professor of behavioral science at the University of Chicago, the study found that people routinely underestimate the value of expressing gratitude, and overestimate how harshly the literal elements of their thank-you note will be judged.

Why Your Phone Service Is So Expensive

July 25, 2018 | The New York Times

The economists Luigi Zingales of the University of Chicago and Mara Faccio of Purdue estimate that Americans pay $50 billion per year more than they would if they instead were paying European prices — for the same quality service.

How E.U.’s Google Fine Explains High Cellphone Costs in the U.S.

July 25, 2018 | The New York Times

Whatever the reason might be, the fundamental question is whether American antitrust enforcement has become excessively lax or the European one excessively strict (or a bit of both).

Rich people prefer iPhones, white people own pets: the data behind the cultural divide

July 24, 2018 | The Washington Post/Chicago Tribune/New York Daily News

To prove it, University of Chicago economists Marianne Bertrand and Emir Kamenica taught machines to guess a person's income, political ideology, race, education and gender based on either their media habits, their consumer behavior, their social and political beliefs, and even how they spent their time.

Curious how much your peers are making and spending? These companies will tell you

July 24, 2018 | MarketWatch

Consumers who realize they’re spending more than their peers—those who are of similar ages, incomes, locations and credit scores—will actually cut back on their spending, researchers at the University of Chicago’s Booth School of Business and the University of Maryland’s Smith School of Business concluded.

Economists Can’t Write Economically, Driving Demand for Brevity

July 23, 2018 | The Wall Street Journal

Their six pages in the Proceedings of the National Academy of Sciences set off a national debate over possible links between mortality and economic distress, and “there was a lot of discussion about whether a paper like that, sent to a standard economics journal, would have had a chance to get published," said University of Chicago economist Anil Kashyap.

Should you be worried about a flatter yield curve?

July 22, 2018 | CNBC/Yahoo!

Randy Kroszner, University of Chicago Booth School of Business professor and former Fed governor, says it would be too stark to conclude that "we're done" as soon as the yield curve flattens or slightly inverts.

How will the Fed react to Trump?

July 22, 2018 | CNBC/Yahoo!

U.S. President Donald Trump's comments could prove problematic if they aren't just a one-off, but Fed policy is unlikely to be swayed, says Randy Kroszner, University of Chicago Booth School of Business professor and former Fed governor.

Can factor investing kill off the hedge fund?

July 21, 2018 | Financial Times

In 1992 Eugene Fama and Kenneth French, two professors at the University of Chicago Booth School of Business, published a paper that showed how investors could beat the stock market’s returns — the “beta” in finance jargon — by taking advantage of two simple factors: the tendency of small or cheap companies to outperform over time.

Employers should let staff feel guilty for letting their boss down as it makes workers more trustworthy, scientists reveal

July 20, 2018 | Daily Mail

'Our research suggests that if you want your employees to be worthy of trust, make sure they feel personally responsible for their behaviour and that they expect to feel guilty about wrongdoing,' says Assistant Professor Emma Levine from the University of Chicago, who led the research.

How Consumers Can Resist Companies’ Market Power

July 20, 2018 | The New York Times

Op-ed by Austan Goolsbee. A basic rule of economics is that the price depends on how willing consumers are to buy something else.

Fed will focus on staying in its lane, says former Fed governor

July 19, 2018 | CNBC

Randy Kroszner, University of Chicago Booth School of Business professor and former Federal Reserve governor, weighs in on President Trump's comments to CNBC about the Fed raising rates. CNBC's Steve Liesman also weighs in.

Saying ‘Thank You’ Isn’t Awkward, Study Finds

July 19, 2018 | CBS

In five separate experiments, professors Nicholas Epley and Amit Kumar observed how participants measured expectations of awkwardness, surprise and happiness a letter would make the recipient feel.

Want to genuinely (and scientifically) make the world a better place? Send thank-you notes

July 18, 2018 | Big Think

According to a new study out of the Booth Business School at the University of Chicago, researchers say that although most people find the practice of writing a thank-you to be awkward (more on that in a bit), the people who receive them are far more appreciative than the note-maker might ever have thought.

U.S. Housing Starts Drop by Most Since '16 to Nine-Month Low

July 18, 2018 | Bloomberg

Professor Randal Kroszner examines U.S. Housing starts for June.

Surveillance: Inflation Expectations Are Too Low, Kroszner says

July 18, 2018 | Bloomberg

Randall Kroszner, University of Chicago Professor & Former Fed Governor, says we ought to be open to the possibility that the yield curve flattening does not mean recession.

Does Popcorn Taste Better When You Eat It with Chopsticks?

July 18, 2018 | Food Network

Smith and co-author Ed O’Brien, of the University of Chicago’s Booth School of Business, conducted four studies.

A New Study Busts All Your Excuses for Not Saying Thank You More

July 18, 2018 | Inc.

The study by University of Chicago professors Nicholas Epley and Amit Kumar (who has since moved to the University of Texas at Austin) had a simple design: gather up study subjects and ask them to write a letter of thanks, as well as predict how awkward and how happy the letter would make the recipient.

When wives earn more than husbands, neither partner wants to admit it

July 18, 2018 | The New York Times/National Post

A large study by economists at the University of Chicago, using census data from 1970-2000, found that marriages in which the woman earned more were less likely to form in the first place, and more likely to end in divorce.

Research says if you own this item you’re wealthy

July 17, 2018 | Better Homes and Gardens

The research was done in partnership with University of Chicago with the goal of identifying the ways in which our lifestyles relate to our income by examining media consumption, consumer behavior and social attitudes over a number of years.

Owning this item means you're 'rich'

July 15, 2018 | New Zealand Herald

Researchers Marianne Bertrand and Emir Kamenica looked at study participants' media consumption, consumer behaviour, time use or social attitudes over a number of years, and found 69.1 per cent of people who owned an iPhone in 2016 were "predictive of having a high income".

Use These 10 Products? If So, You’re Probably Wealthy

July 13, 2018 | Money Magazine

Those are among the consumer brands economists at University of Chicago say most consistently correlate with a purchaser’s wealth.

Are Republicans finally showing sanity on Trump's trade war?

July 11, 2018 | MSNBC

Democrats and many Republican senators voted for a symbolic rebuke of Donald Trump’s tariffs today—as Donald Trump complained about trade at the NATO summit in Europe. Lawrence discusses with Professor Austan Goolsbee.

Economists dismiss central banks’ ability to affect productivity

July 11, 2018 | Financial Times

The Chicago Booth European IGM Economic Experts Panel regularly asks 50 economists working at top institutions for their views on public policy issues, ranging from bitcoin to the Greek bailout to the EU’s proposal for a digital sales tax. Economists were divided or uncertain about all three in recent polls.

Bitcoin Looks More Like Gold Than a Currency

July 11, 2018 | Bloomberg

One such argument is made by University of Chicago Booth School of Business economist Eric Budish in a new working paper entitled “The Economic Limits of Bitcoin and the Blockchain.”

China’s Technology Sector Takes On Silicon Valley

July 10, 2018 | Bloomberg

“The risk is that money goes to political favorites, then the bad drives out the good,” says Steven Kaplan, a professor of entrepreneurship at the University of Chicago.

What we buy can be used to predict our politics, race or education — sometimes with more than 90 percent accuracy

July 9, 2018 | The Washington Post

To prove it, University of Chicago economists Marianne Bertrand and Emir Kamenica taught machines to guess a person’s income, political ideology, race, education and gender based on either their media habits, their consumer behavior, their social and political beliefs, and even how they spent their time.

If trade wars escalate it will pull us all into a recession, says Austan Goolsbee

July 9, 2018 | CNBC

Austan Goolsbee, Booth School of Business professor, and Alex Brill, American Enterprise Institute research fellow, provide insight to President Trump's trade policies and its potential impact on global economies.

Report: iPhone Is Most Common ‘Status Symbol’ of Wealth

July 9, 2018 | Breitbart

In a National Bureau of Economic Research paper, the University of Chicago’s Marianne Bertrand and Emir Kamenica declared, “Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016.”

Own an iPhone? New study says you're probably rich.

July 8, 2018 | Mashable

The paper, by Marianne Bertrand and Emir Kamenica, has some interesting details. For example, while in 1992 using Grey Poupon Dijon was 62.2% indicative of being high income, by 2016 that fanciest of mustards had been replaced by the iPhone.

Researchers find that owning an iPhone or iPad is the number-one way to guess if you’re rich or not

July 8, 2018 | Business Insider/Yahoo!

That's one of the takeaways from a new National Bureau of Economic Research working paper from University of Chicago economists Marianne Bertrand and Emir Kamenica.

People are quitting their jobs in droves this year — and getting record-setting pay boosts because of it

July 6, 2018 | Business Insider

It's yet another sign of a good economy, Steven Davis, an economist at the University of Chicago, told the Journal.

In This Economy, Quitters Are Winning

July 4, 2018 | The Wall Street Journal/Morningstar

The recent uptick in quitting goes against a long-running decline in worker mobility. In recent decades, as the population aged and business startups became relatively more rare, employees tended to stick at their jobs longer, said Steven Davis, an economist at the University of Chicago who studies labor-market churn.

Trade Wars, Dollar Dominance And What It Means For Global Investing

July 3, 2018 | Forbes

In new research from Harvard’s Matteo Maggiori, Chicago Booth’s Brent Neiman and Columbia’s Jesse Schreger, the trio of academics unveil a startling find: starting at the time of the global financial and Eurozone crises, the share of corporate bond holdings denominated in U.S. dollars surges while that denominated in euros collapses.

There’s only one way to truly understand another person’s mind

July 3, 2018 | Quint

Researchers from the University of Chicago and Northeastern University in the US and Ben Gurion University in Israel conducted 25 different experiments with strangers, friends, couples, and spouses to assess the accuracy of insights onto other’s thoughts, feelings, attitudes, and mental states.

Does The Flat Yield Curve Point To A Looming Recession?

June 30, 2018 | Bloomberg

Is the flattening yield curve in the U.S. bond market sending signals of a looming recession? That’s still not clear, Former RBI Governor Raghuram Rajan wrote in the Financial Times.

Smart people talk to their dogs

June 29, 2018 | WGNO

Good news for me... people that talk to their pets are smarter than those that don't. That is according to Nicholas Epley, a professor of behavioral science at the University of Chicago.

Bond markets send signals of a looming recession

June 29, 2018 | Financial Times

Article by Raghuram Rajan: The US bond markets are telling us something, but it is not clear exactly what.

Goolsbee Says Tax Cuts Weren't Paid for, Haven't Helped Americans

June 29, 2018 | Bloomberg

Austan Goolsbee, professor of economics at the University of Chicago Booth School and former chairman of the Council of Economic Advisers, discusses the economic impact of U.S. tax policy with Bloomberg's David Westin and Shery Ahn on "Bloomberg Markets: Balance of Power."

How regulators can prevent excessive concentration online

June 29, 2018 | The Economist

That belief has long held sway at the University of Chicago, a bastion of free-market thinking, which helped make the word “antitrust” lose most of its meaning in America, not least with respect to technology.

A paradox at the heart of gift-giving

June 28, 2018 | The Economist

In this context, a study just published in Psychological Science, by Adelle Yang at the National University of Singapore and Oleg Urminsky at the University of Chicago, looks illuminating.

Update: EU Divided Amid Migration Row

June 28, 2018 | BBC

Luigi Zingales at the University of Chicago Booth has been watching developments.

There's no right way to eat food; studies show boring food tastes better when eaten differently than usual

June 27, 2018 | Yahoo!

According to OSU assistant professor of marketing Robert Smith, who conducted the study with Ed O’Brien of the University of Chicago’s Booth School of Business, “The more we eat of something, the less we enjoy it. In our research, we find that people don’t experience this same lowering of enjoyment when they consume food in new ways.”

Bored with your food? Study shows there's a way to make it taste new again

June 27, 2018 | Today/NBC

Through a series of tests, OSU assistant professor of marketing Robert Smith and Ed O’Brien of the University of Chicago’s Booth School of Business, explored how subjects reacted to food, water and videos with a renewed sense of enjoyment when they broke traditional habits and did something more peculiar.

Alibaba Initiates the Open Research Platform "Luohan Academy"

June 26, 2018 | PR Newswire/Yahoo!

Lars Peter Hansen, 2013 Nobel Laureate, David Rockefeller Distinguished Service Professor in Economics, Statistics, Booth School of Business & The College, University of Chicago

Why popcorn tastes better when you eat it with chopsticks

June 26, 2018 | Science Daily

Smith conducted the study with Ed O'Brien of the University of Chicago's Booth School of Business. The results appear online in Personality and Social Psychology Bulletin.

The New Form of Intelligence You'll Need

June 22, 2018 | U.S. News

Two professors, Nick Polson from the University of Chicago Booth School of Business and James Scott from the University of Texas at Austin, tried to put a face on the technology by writing a book that illustrates the beginning of AI through several examples of historical figures and other individuals who developed algorithms for humanity's different problems.

In Hitting China on Trade, Trump Is Seen Neglecting U.S. Emerging Industries

June 21, 2018 | The New York Times

“It is something that is very real,” said Chang-Tai Hsieh, an economist who focuses on growth and development issues at the University of Chicago’s Booth School of Business.

New study debunks Dale Carnegie advice to 'put yourself in their shoes'

June 21, 2018 | Science Daily

Putting yourself in someone else's shoes and relying on intuition or "gut instinct" isn't an accurate way to determine what they're thinking or feeling," say researchers from Ben-Gurion University of the Negev (BGU), the University of Chicago (Nicholas Epley) and Northeastern University.

The global rise of corporate titans is forcing us all to pay more for the same old stuff

June 20, 2018 | Quartz

That’s what economist Luigi Zingales calls the “Medici Vicious Circle” (pdf). He’s referring to Italy in the Middle Ages, when powerful families hijacked democratic institutions, running nation-states as extensions of their commercial dynasties.

German automakers support dropping EU-US car import tax

June 20, 2018 | FOX

Former Obama economic adviser Austan Goolsbee and former Reagan economic adviser Art Laffer discuss the reports that German automakers support the free trade of vehicles between the European Union and the United States.

ECB Probably a Year Away From Hiking Rates, Says Zingales

June 20, 2018 | Bloomberg

University of Chicago Booth School Finance Professor Luigi Zingales discusses the European Central Bank's rate path as they exit quantitative easing.

ECB's Job-Rich Recovery Shows Up in Portugal as Italy Struggles

June 19, 2018 | Bloomberg

“I wish Italy had the same prospects as Portugal these days,” Italian-born Luigi Zingales, professor of finance at the University of Chicago Booth School of Business, said in a Bloomberg TV interview in Sintra.

Why You Should Eat Popcorn with Chopsticks

June 19, 2018 | Live Science

In a series of studies soon to be published in Personality and Social Psychology Bulletin, we found that consuming things in unconventional ways enhances enjoyment of them.-- Professor Ed O'Brien.

Look Who's Talking: How Active Are CEOs On Transcripts, And Why Does It Matter?

June 18, 2018 | Forbes

A recent study by the University of Chicago Booth School of Business revealed the following about CEO activity on calls:...

Bitcoin Could Break the Internet, Central Bank Overseer Says

June 17, 2018 | Bloomberg

Yet with supporters pushing to make it a mass market platform utilized by companies and governments, it may become too expensive to secure, concludes Eric Budish, the paper’s author and an economics professor at the University of Chicago Booth School of Business.

Great Leaders Have More Fun: Advice From Comedian Tiffany Haddish

June 15, 2018 | Inc.

But a study on goal achievement from researchers at the University of Chicago, Booth School of Business found that fun and enjoyment are the most important predictors of whether a person will stick to a goal.

How To Tackle Booth’s New Surprise Essay

June 15, 2018 | Poets & Quants

Chicago Booth is switching things up with two new essay questions for the 2018-2019 application cycle.

The AT&T-Time Warner Megamerger Sets A Dangerous Precedent

June 13, 2018 | Huffington Post/MSN

And then there are the effects that such enormous companies can have on our democracy. Luigi Zingales, a finance professor at the University of Chicago’s Booth School of Business, argues in a working paper that the more market power companies gobble up, the more political power they accrue.

10 MBA programs where grads earn the most in consulting

June 12, 2018 | U.S. News/MSN

University of Chicago (Booth); U.S. News business school rank:1 (tie); Full time acceptance rate (2017): 23.5 percent; Average consulting salary (2017): $141,131; Average salary among all sectors (2017): $129,442

The Purpose of the Corporation Isn’t Lobbying

June 12, 2018 | Bloomberg

Organizers Rebecca Henderson and David Moss of Harvard Business School, Luigi Zingales of the University of Chicago’s Booth School of Business, and Karthik Ramanna of the Blavatnik School held the first of these “Crisis in the Economic Theory of the Firm” conferences at Harvard in 2015.

E-Commerce Might Help Solve the Mystery of Low Inflation

June 11, 2018 | The New York Times

An analysis of that information by Austan Goolsbee of the University of Chicago and Peter Klenow of Stanford found that prices for goods sold on the internet rose much more slowly from 2014 to 2017 than indicated by barometers like the Consumer Price Index, or C.P.I.

Vanguard thinks its own employees should own this fund, not the S&P 500. They’re right

June 11, 2018 | MarketWatch

Thanks to the work of Eugene Fama and Kenneth French at the University of Chicago, we know that small-cap value stocks add return to diversified portfolios.

Too Much Risk Priced Into Italian Bonds, Bluebay's Riley Says

June 11, 2018 | Bloomberg

University of Chicago Booth School of Business Finance Professor Luigi Zingales and BlueBay Asset Management Chief Investment Strategist David Riley discuss Italian political risk, the economy and bonds.

Building rural roads does not guarantee prosperity

June 9, 2018 | Live Mint

Productivity gains in manufacturing not only increase the purchasing power of workers, but also decrease local inequality, according to a new research paper by Richard Hornbeck, professor at the University of Chicago Booth School of Business, and Enrico Moretti, professor at the University of California, Berkeley.

Even the White House’s Own Internal Economic Analysis Reportedly Found Trump’s Tariffs Will Hurt the U.S. Economy

June 7, 2018 | Slate

“In a March survey of an expert panel of academic economists assembled by the University of Chicago’s Booth School of Business, no economist agreed with the statement, ‘Imposing new U.S. tariffs on steel and aluminum will improve Americans’ welfare,’” the New York Times reports.

White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise

June 7, 2018 | The New York Times

In a March survey of an expert panel of academic economists assembled by the University of Chicago’s Booth School of Business, no economist agreed with the statement, “Imposing new U.S. tariffs on steel and aluminum will improve Americans’ welfare.”

Can you really ‘nudge’ savings?

June 7, 2018 | Politico

The idea, based on research by Richard Thaler of the University of Chicago (who won the Nobel prize in economics last year in part for his work on the topic), is that instead of making employees log on to a computer to sign up, employers enroll them automatically as the default option. (They still have the freedom to opt out, but opting in is preset.)

Warren Buffett and Jamie Dimon are telling companies to quit giving quarterly earnings guidance

June 7, 2018 | Quartz

Not all observers agree that short-term thinking is damaging, or that it even exists. Steven Kaplan, a University of Chicago finance professor, has written about how the pearl-clutching over short-termism has been around for decades, with no evidence of a problem (pdf).

'Pragmatic' Beijing is what's stopping US and China from a 'blow up,' former central banker says

June 6, 2018 | CNBC

Among the countries that the U.S. has taken issue with, China has stood out for knowing how to handle President Donald Trump's administration to avoid worsening conflict, former Indian central bank governor Raghuram Rajan said Tuesday.

Elizabeth Warren and a Scholarly Debate Over Medical Bankruptcy That Won’t Go Away

June 7, 2018 | The New York Times

“I started becoming interested in medical bankruptcy partly after reading this paper,” said Neale Mahoney, a health economist at the University of Chicago Booth School of Business, whose research has focused on questions of medical debt.

New Research from Columbia Business School Shows How the Dollar Has Become the Only International Currency

June 6, 2018 | CEO Magazine

In a newly-released NBER paper, Schreger and his co-authors, Matteo Maggiori of Harvard Universityand Brent Neiman of The University of Chicago Booth School of Business, establish that global portfolios are driven by an often neglected aspect: the currency of denomination of assets.

Former central banker warns that ongoing trade tensions 'can get out of control very quickly'

June 5, 2018 | CNBC

Raghuram Rajan, former central bank governor for India and current finance professor at the Chicago Booth School of Business, warned that trade bargaining and threats of tariffs could result in a "lose-lose situation."

Rajan Says Asian Emerging Markets in Healthier Situation Than Past

June 4, 2018 | Rajan Says Asian Emerging Markets in Healthier Situation Than Past

Raghuram Rajan, a University of Chicago professor who previously led the Reserve Bank of India, talks about Federal Reserve monetary policy and its implications for the emerging markets in Asia and financial markets.

Former RBI governor on the biggest risk for markets

June 4, 2018 | CNBC

The biggest risk for markets now is that trade disputes widen as global interest rates rise, says Raghuram Rajan of the University of Chicago Booth School of Business and former governor of the Reserve Bank of India.

No Clear Danger in Asia as EM Faces Stress, Ex-RBI Chief Says

June 4, 2018 | Bloomberg

Raghuram Rajan, former governor of the RBI, talks about Fed policy and its implications of Asian emerging markets.

The swamp is alive and well

June 4, 2018 | Finanz und Wirtschaft

Luigi Zingales, Professor at the University of Chicago Booth School of Business, says that crony capitalism is growing rampant.

Local teen helps lead push for bill lessening restrictions on organ donation; law to go into effect this July

June 1, 2018 | Lawrence Journal World, Associated Press, U.S. News

He does, however, remember re-reading the 2008 book “Nudge: Improving Decisions about Health, Wealth, and Happiness,” by University of Chicago economist Richard H. Thaler and Harvard Law School professor Cass R. Sunstein.

Genetic factors may have a role to play in economic inequality

June 1, 2018 | Live Mint

E-commerce may be contributing to lower prices in the US, says a new research paper by Austan D. Goolsbee of the University of Chicago Booth School of Business and Peter J. Klenow of Stanford University.

Surveillance: Euro Isn’t a Well-Designed System, Zingales Says

May 31, 2018 | Bloomberg

Luigi Zingales, Chicago Booth School Finance Professor, thinks people underestimate how devastated Italy is by its economic situation.

Should women feel ashamed for earning more than their male partners?

May 31, 2018 | MarketWatch

It cited a University of Chicago study that found there was a greater risk of divorce when women made even $5,000 a year more than their husbands.

Kroszner Doesn't Expect Big Statement From G-7 Summit

May 30, 2018 | Bloomberg

Randall Kroszner, professor at the University of Chicago Booth School of Business and a former Federal Reserve governor, previews the Group of Seven summit.

Italian Euro Exit 'Incompatible' With Financial System, Zingales Says

May 30, 2018 | Bloomberg

University of Chicago Booth School of Business Finance Professor Luigi Zingales discusses the economic and market impact of Italian political uncertainty.

Small Companies Aren't Sharing in the Corporate Boom

May 29, 2018 | Bloomberg

The number of U.S. public corporations has more than halved since 1996, to 3,616 from 7,439, according to the Center for Research in Security Prices at the University of Chicago’s Booth School of Business.

Understanding ‘Hedonomics’ AKA The Science Of Happiness

May 29, 2018 | WBEZ

The University of Chicago’s Booth School of Business recently took a deep dive into “hedonomics” — the study of happiness — to take stock of the state of happiness in the world, which countries rank the best as far as happy citizens, and what you can do to optimize your own happiness.

36 Everyday Habits That Reduce Your Risk of Alzheimer’s

May 29, 2018 | Reader's Digest

Yet, research from the University of Chicago Booth School of Business has found that many of us overestimate the difficulty of connecting with strangers and underestimate the rewards of doing so.

Crises Past and Future Occupy World’s Greatest Economic Minds

May 28, 2018 | Bloomberg

Former Reserve Bank of India Governor Raghuram Rajan called for tighter oversight over shadow banking, financial technology and emerging markets.

What Advertising History Says About the Future of Fake News

May 25, 2018 | The New York Times

Austan Goolsbee, a professor of economics at the University of Chicago’s Booth School of Business, was an adviser to President Barack Obama.

The Democrats’ Midterm Dilemma

May 23, 2018 | The New York Times

One of the few people to really see Donald Trump coming was the University of Chicago economist Luigi Zingales, who warned way back in 2011 that American politics was going the way of his native Italy, that we could easily produce our own version of Silvio Berlusconi, and that Trump was an obvious candidate to bottle the celebrity-populist-outsider cocktail.

Even after his death, a Nobel prize-winning economist is taking on inequality

May 23, 2018 | Quartz

Becker was working on the paper in the years leading up to his death, said Scott Duke Kominers, a Harvard Business School professor who is a co-author, along with Kevin Murphy of the University of Chicago, and Jorg Spenkuch of Northwestern.

What does it take to win a business plan competition?

May 22, 2018 | Financial Times

This week, the Chicago Booth School of Business will award its Social New Venture Challenge prize, worth $75,000.

Former Fed Gov. Kroszner Says Fed Should Stay Ahead of Curve

May 17, 2018 | Bloomberg

"Continuing a gradual path of rate hikes is sensible," says Randall Kroszner. 'The Fed should be staying ahead of the curve rather than behind the curve."

Lawmakers are trying to curb contracts that make it harder to change jobs

May 17, 2018 | The Economist

Other researchers have considered the spillover effects of non-compete agreements for the wider economy. Jessica Jeffers of Chicago’s Booth School of Business finds that companies invest in equipment more in states where non-competes are legally enforceable.

Why, oh why, did Tronc pay Ferro $15 million?

May 16, 2018 | Crain's

"The general rule is that when you are getting services, you expense it over the time period when you're getting the services," explains Leonard Soffer, an accounting professor at the University of Chicago Booth School of Business.

WeWork, the Workspace Giant, Wants to Be Its Own Landlord, Using Other Investors’ Money

May 13, 2018 | The Wall Street Journal

Generally with conflicts, “you’re going to push profits to the side [where] you have the greatest financial interest,” said Joseph Pagliari, a professor at University of Chicago’s business school, who has studied real estate funds.

FT Executive Education Rankings 2018

May 13, 2018 | Financial Times

Booth School of Business is up 11 places and back in the top 10 after falling to 19th last year, its worst performance since 2010.

Editorial: Uber’s surge pricing keeps drivers on road

May 12, 2018 | The Boston Herald

In a 2014 case study, Chris Nosko, an economics professor at the University of Chicago Booth School of Business, and a couple of Uber techies found that on a night after a big pop concert in New York City, the effect of surge pricing was the doubling of the number of drivers­ on scene.

Rajan Sees Possible "Magic Moment" on Inflation

May 11, 2018 | Bloomberg

Raghuram Rajan, a Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, former Governor of the Reserve Bank of India, former vice chairman of the Board of the Bank for International Settlements, and former chief economist at the International Monetary Fund, explains why he is concerned about spillover effects on emerging markets from the policies of central banks in industrialized nations, adding that it’s appropriate for the Federal Reserve to be raising interest rates now as a precautionary move against the possibility of a "magic moment" when tighter labor markets around the world starts pushing up wages and causes inflation to accelerate.

Surveillance: People Respond to Higher Wages, Goolsbee Says

May 11, 2018 | Bloomberg

Austan Goolsbee, University of Chicago Booth School of Business Professor, says the tax cut was pretty negligible.

Top MBAs for finance 2018

May 8, 2018 | Financial Times

#3 University of Chicago: Booth

Meet the Pro-Trade, Pro-Immigration Economist Running for Congress. As a Republican. In Ohio.

May 6, 2018 | New York Times

In 2016, when a University of Chicago survey asked more than three dozen prominent economists whether workers in Ohio and Michigan would have been better off if the United States had been tougher in trade negotiations, almost none said yes.

China Softens Tone on Trade After U.S. Leaves Empty Handed

May 6, 2018 | Bloomberg

One of the Trump administration’s biggest fears is that China swamps industries from artificial intelligence to aircraft manufacturing in the same way it did steel and aluminum previously, shutting the U.S. out of sectors in which it now holds an advantage, former Reserve Bank of India Governor Raghuram Rajan said in a Bloomberg Television interview.

The United States of Japan

May 4, 2018 | The New Yorker

“So what are they doing with their time?” the University of Chicago economist Eric Hurst has asked. “The hours that they are not working have been replaced almost one for one with leisure time."

Longer term labor story is very strong, says pro

May 4, 2018 | CNBC

Thomas Lee, Fundstrat Global Advisors; Jeff Rosenberg, BlackRock Investment Institute; Romina Boccia, The Heritage Foundation, and Austan Goolsbee, Booth School professor, provide reaction to latest jobs data from the Labor Department.

Company Signs to Watch for Ahead of Earnings

May 3, 2018 | U.S. News

Deceptive CEOs and CFOs can cost investors 4 to 11 percent per year, according to research by David F. Larker of the Stanford Graduate School of Business and Anastasia A. Zakolyukina of the University of Chicago Booth School of Business.

Who Will Be the Next BOE Governor?

May 3, 2018 | Bloomberg

A former governor of the Reserve Bank of India and IMF chief economist, Rajan’s name has been floated as a potential candidate who could bring a global perspective to monetary policy as the U.K. disentangles itself from the EU.

Markets are unprepared for a spike in inflation: Former Fed governor

May 2, 2018 | CNBC

A stronger increase in inflation could see a "bigger roiling of markets" than in February this year, says Randy Kroszner of the University of Chicago Booth School of Business and a former governor of the Federal Reserve.

“THE OPPORTUNITY HAS NEVER BEEN RICHER”: SILICON VALLEY SEES DOLLAR SIGNS IN THE A.I. APOCALYPSE

May 2, 2018 | Vanity Fair

Luigi Zingales, a professor of entrepreneurship and finance at the University of Chicago’s Booth School of Business, said that companies like Facebook and Google deploy their ad technologies in absolutely frightening ways and should be stopped.

The Only Prescription is More Transparency

May 1, 2018 | NPR

Mark Maffett of the University of Chicago's Booth School talked to us about a study his team did of markets where this is already happening.

So A Rice Grower And A Wheat Grower Walk Into A Coffee Shop

May 1, 2018 | NPR

"It sounds a bit crazy, I know," says Thomas Talhelm, an assistant professor of behavioral science at the University of Chicago Booth School of Business, who put forth the idea in a study published last week in Science.

In Chicago deal, NYSE buys a lab for innovation

April 27, 2018 | Crain's

"They're fearful of what's ahead, and it makes sense to get another medallion," Concannon told an audience at a March symposium in Chicago sponsored by the Security Traders Association and the University of Chicago Booth School of Business.

Behaviour of Chinese people in coffee shops dictated by what their ancestors farmed, scientists claim

Apr 26, 2018 | The Independent

“All told, we inconvenienced about 678 people in Starbucks around China,” said Professor Thomas Talhelm, a behavioural scientist at the University of Chicago Booth School of Business.

Your Behavior in Starbucks, and the Link to Your Ancestors

Apr 25, 2018 | Discover Magazine

Though the potential for confounding variables is certainly significant, study author Thomas Talhelm, an assistant professor of behavioral science at the University of Chicago’s Booth School of Business, says his team’s work nevertheless reveals important insights.

Your behavior in Starbucks may reveal more about you than you think

Apr 25, 2018 | Science Magazine

Thomas Talhelm, a sociologist at the University of Chicago in Illinois, decided to test those theories in an unlikely place: Starbucks.

Asia #OnCampus A Growing Number of Indian Americans Are Leading America's Best Business Schools

Apr 25, 2018 | Forbes

Recent years have witnessed several Indian Americans take the helm of the nation’s most selective business schools: Nitin Nohria at Harvard, Dipak Jain at Northwestern (2001-2009), Rangarajan Sundaram at NYU and Paul Almedia at Georgetown. The list also includes Kumar’s replacement at Booth, Madhav Rajan.

Amazon and Walmart CEOs Make — Surprise! — Drastically More Money Than Their Employees

Apr 24, 2018 | Racked

Steven Kaplan, a finance professor at the University of Chicago’s Booth School of Business, also argued that companies must incentivize CEO candidates who are already earning big salaries at law or consulting firms.

US Executive MBA Market is Expected to Grow at a CAGR of 5.2% During the Period 2017-2022: Ken Research

Apr 24, 2018 | PR Newswire/Marketplace/NBC

The first Executive MBA program was created at the University of Chicago's Booth School of Business in 1943.

The 40 Best Business Professors Under 40

Apr 23, 2018 | Poets & Quants

“They’re not a passive audience,” says Anuj Shah, a 34-year-old professor of behavioral science at Chicago Booth. “They’re willing to have a conversation, and that conversation sometimes highlights some of my own blind spots.” Ed O’Brien, 31, of the Booth School of Business is one of the youngest on this year’s list of best business profs under 40.

Seeds for new financial crisis 'being planted', warns economist Douglas Diamond

Apr 23, 2018 | Independent

Professor Douglas Diamond of the University of Chicago is the author of a canonical theoretical model of bank runs and last week was awarded the triennial Onassis prize in finance.

Art imitates life in the digital age

Apr 23, 2018 | Financial Times

True story: I come out of the University of Chicago’s antitrust and competition conference last Friday and hop into a cab to the airport.

Data Sheet—How to Regulate Facebook, Amazon, Apple, Netflix, and Google

Apr 23, 2018 | Fortune

I attended a spectacular conference Friday at the University of Chicago’s Booth School of Business, whose Stigler Center for the Study of the Economy and the State hosts an annual discussion of antitrust and competition issues.

U.K.'s Hammond Willing to Look Abroad for Carney's BOE Successor

Apr 22, 2018 | Bloomberg

Potential foreign candidates could include former Mexican central bank chief Agustin Carstens, who now runs the Bank for International Settlements, and Raghuram Rajan, the University of Chicago professor who previously led the Reserve Bank of India.

Starting gun prepped in race to replace Mark Carney at Bank of England

Apr 22, 2018 | Financial Times

Attracting Raghuram Rajan, the highly respected Chicago-based economist and former Reserve Bank of India governor, would be a coup, as would securing Agustín Carstens, Mexico’s central bank chief and the new general manager of the Bank of International Settlements.

What It Takes to Get Accepted at a Top MBA Program

Apr 20, 2018 | US News

Chicago Booth GMAT: 730 | Average GPA: 3.61 | Months of work experience: 51 | US News b-school rank: 1

Why Southern Dads Always Buy Generic

Apr 18, 2018 | Southern Living

According to a 2014 paper out of Tilburg University and the University of Chicago, the more informed the consumer, the more likely they are to purchase generic products over name brand ones.

Surveillance: Economy is Doing Relatively Well, Zingales Says

Apr 18, 2018 | Bloomberg

Luigi Zingales, University of Chicago Booth School of Business Professor, does not think we’ve seen the worst of the populist surge yet.

Economic growth not as great as it looks, says former Obama economist Austan Goolsbee

Apr 18, 2018 | CNN

Former President Barack Obama's chief economic adviser Austan Goolsbee thinks that economic growth is "okay, but not as good as the optimists believe."

Former Obama economist Austan Goolsbee joins Quest on 'Markets Now'

Apr 17, 2018 | CNN

Now a professor of economics at the University of Chicago's Booth School of Business, Goolsbee was the youngest member of the Obama cabinet.

Facebook Understands User Needs Better Than Congress Does

Apr 17, 2018 | National Review

A study from the University of Chicago’s Booth School of Business noted that not addressing the issue of fake news decreased user engagement on Facebook, something that inevitably hurts the company’s bottom line.

#149 Fixing Capitalism: Luigi Zingales

Apr 15, 2018 | How Do We Fix It?

Our guest, finance professor, Luigi Zingales of the University of Chicago Booth School of Business, makes a crucial distinction between free markets and big business.

Friday the 13th Is Back. Here's Why It Scares Us.

Apr 13, 2018 | National Geographic

Jane Risen, a behavioral scientist at the University of Chicago Booth School of Business, has found that superstitions can influence even nonbelievers.

What taxi ride data reveals about the NY Fed and big banks

Apr 13, 2018 | Marketplace

(David) Finer is a PhD candidate at the University of Chicago Booth School of Business. He talked with Marketplace host Kai Ryssdal about using taxi data to examine the relationship between banks and the Fed.

Why Small-Cap Equity Is The Next Dinosaur

Apr 12, 2018 | Forbes

In 1996, more than 8,000 companies were listed on U.S. stock exchanges. Today, that figure is less than half, according to the Center for Research in Security Prices at the University of Chicago’s Booth School of Business.

Implementation of GST not 'unfixable' problem: Ex-RBI chief Raghuram Rajan

Apr 12, 2018 | PTI/The Times of India/Bloomberg

Proper implementation of the Goods and Services Tax (GST) in India can be worked upon and is not an "unfixable problem", former RBI governor Raghuram Rajan has said, reiterating that demonetisation was "not a well-planned, well thought-out" move.

Economists Say U.S. Tariffs Are Wrong Move on a Valid Issue

Apr 11, 2018 | The New York Times/MSN

“It’s obviously a terrible mistake” to have quit the agreement, said Austan Goolsbee, an economist at the University of Chicago’s Booth School of Business and another past chairman of Mr. Obama’s Council of Economic Advisers.

Widespread Fraud in ICOs and Penny Stocks Shocked SEC’s Jay Clayton

Apr 10, 2018 | Bloomberg

Clayton’s pointed remarks at an equity markets symposium sponsored by the University of Chicago Booth School of Business and the Security Traders Association were the latest in a series of critical statements on the topic since he joined the SEC last May.

13 Things to Know About CEO Pay Ratios

Apr 9, 2018 | U.S. News

To avoid getting swept up in the hype, Steven Kaplan, a finance professor at the University of Chicago Booth School of Business, tells investors to review the CEO's pay instead.

Chicago Fed chief upbeat on Midwest

Apr 9, 2018 | Crain's

Charles Evans talked about current economic conditions and monetary policy as a speaker at the University of Chicago Graduate China Forum on April 7.

What happened with ‘Hamilton’: How the blockbuster strained Kennedy Center

Apr 9, 2018 | The Economist

Although the top ticket price is steep, many seats were made available at a below-market price, said Eric Budish, a professor of economics at the University of Chicago’s Booth School of Business.

7 Reasons Why a U.S.-China Trade War Is Unlikely

Apr 6, 2018 | The Economist

Thus, putting up trade barriers will mean more jobs for robots, not necessarily workers, according to a recent study by economists at the University of Chicago Booth School of Business.

Academic: Steve Bannon was able to intercept disgruntlement of voters

Apr 6, 2018 | CNBC

The establishment "piling up" is not a solution to defeating the rise of global populism, says Luigi Zingales, professor at the University of Chicago Booth School of Business.

Indiana Economists Weigh In On Winners, Losers In Trump Steel Tariffs

Apr 5, 2018 | WFYI

A survey conducted Chicago Booth’s Initiative on Global Markets, asked 40 economists around the country if the steel and aluminum tariffs would improve Americans’ welfare.

Rise of the machines

Apr 4, 2018 | The Economist

MBAs want to learn how AI is being used in the firms they are likely to graduate into, explains Michael Gibbs, a professor at the University of Chicago Booth’s School of Business, and former director of its Executive MBA (EMBA) programme.

M.B.A. Students Compete for Cash in Rapid-Pitch Contests

Apr 4, 2018 | The Wall Street Journal

University of Chicago Booth School of Business in March announced that it was using most of a $5 million gift from alumnus and construction magnate Rattan Khosa to endow a prize for its startup competition, ensuring the winning students walk away with at least $150,000.

Kroszner Says Williams Good for Powell

Apr 4, 2018 | Bloomberg

Randall S Kroszner Professor:Economics University of Chicago Booth School of Business discussing the announcement of San Francisco Fed President John Williams taking over for NY Fed President Bill Dudley.

Tariffs Unlikely to Bring Back Many U.S. Blue-Collar Jobs, Study Finds

Apr 4, 2018 | The Wall Street Journal

“Putting up barriers to trade now, isn’t going to take the machines away,” said Erik Hurst, and economist at the University of Chicago and one of the study’s authors.

Are financial markets too fast?

Apr 3, 2018 | WN.com

On this episode of The Big Question, Chicago Booth Review's Hal Weitzman talks with Chicago Booth professor of economics Eric Budish, Chicago Trading Company's Steve Crutchfield, and former Commodity Futures Trading Commission commissioner Sharon Bowen about how speed affects financial markets and what, if anything, we should do about it.

For a Pleasant Commute, Talk Up a Stranger

Apr 3, 2018 | WNYC

Buried in this segment about men becoming socially isolated in middle-age, he mentions a University of Chicago study that found people have a more pleasant commute when they connect with the person sitting next to them.

How MBA Students Can Get More International Experience

Apr 3, 2018 | U.S. News

Many schools have introduced globally focused courses such as Chinese Economy and Financial Markets at the University of Chicago Booth School of Business or The Political Economy of China at the Stanford University Graduate School of Business.

Charitable Giving by Corporations Is Also About Getting, a New Study Finds

Apr 3, 2018 | The New York Times

University of Chicago grad student David Andrew Finer realized that the data could shed light on how Wall Street interacts with the Federal Reserve, especially around the critical times when the central bank is voting whether to raise or lower interest rates.

Manufacturing losses have fueled opioid addiction: Study

Apr 2, 2018 | Washington Examiner

University of Chicago social scientists found that the decline of jobs in the sector during the 2000s could explain up to one-third of the decline in employment for working-age people since 2000.

Big Data About Taxi Cabs Sheds Light on How the Federal Reserve Works

Apr 2, 2018 | Fortune

Sifting through the donations to charity from 1998 to 2015 by foundations set up by the largest companies in the United States — those in the Fortune 500 or the Standard & Poor’s 500-stock index — Marianne Bertrand of the University of Chicago’s Booth School of Business; Matilde Bombardini and Francesco Trebbi of the University of British Columbia; and Raymond Fisman of Boston University detected a pattern of contributions to 1,087 charities linked to 451 members of Congress.

Chicago celebrates tech jobs, but sector sees only modest growth

Apr 2, 2018 | Chicago Tribune

Technology’s steady share of the total workforce does not worry ChicagoNext Chairman Mark Tebbe. A part of World Business Chicago, ChicagoNext is focused on driving growth in the city’s tech industry.

The federal government's spending bill speeds us toward national bankruptcy

Mar 30, 2018 | Chicago Tribune

A poll of 38 economists by the University of Chicago Booth School of Business found only one who agreed the tax plan will have a substantial positive effect on economic growth. All agreed it will enlarge the debt.

Transitioning From Business To Politics: Who's More Likely To Succeed?

Mar 29, 2018 | NPR

The Show's Steve Goldstein is joined by John Paul Rollert, an adjunct assistant professor at the University of Chicago’s business school, to talk about that.

Steady Hours Boost Retail Worker Productivity And Sales, Study Finds

Mar 28, 2018 | Huffington Post

"The results suggest that employers can improve work schedules in hourly jobs and also meet their business goals," Susan Lambert, a co-author from the University of Chicago, said in a statement from the school.

Trump claimed the tax bill would lead to a huge boost in business spending — but there's no sign of it yet

Mar 27, 2018 | Business Insider

A new survey published by the Federal Reserve Bank of Atlanta in conjunction with Stanford University and University of Chicago Booth School economists shows the new policy measures have done little do bolster corporate investment plans.

The Great Inflation Mystery

Mar 22, 2018 | Bloomberg

The sales channel matters, too. Inflation of goods sold online ran 1.3 percentage points lower than the Consumer Price Index for the same product categories from 2014 to 2017, according to research by Austan Goolsbee of the University of Chicago Booth School of Business and Pete Klenow of Stanford, who analyzed data from the Adobe Experience Cloud, which includes 80 percent of the transactions of the top 100 U.S. retailers.

6 Biggest Surprises In The New MBA Ranking From U.S. News

Mar 21, 2018 | Forbes

But this year there were a number of eye-opening changes, from Chicago Booth's first-place tie with Harvard Business School to Yale School of Management's tumble out of the top ten.

The best business schools in America, according to U.S. News

Mar 21, 2018 | Marketwatch

The University of Chicago’s Booth School of Business jumped from last year’s No. 3 spot to No. 1 in a tie with Harvard Business School.

Reforms Unlikely Till 2019 General Elections, Says Raghuram Rajan

Mar 20, 2018 | Bloomberg

Rajan, who is currently a professor of finance at the University of Chicago Booth School of Business, further said India can move up from the 7.5 percent growth, which is not enough to employ the 12 million people coming to the labour force every year in good jobs.

U of C's Booth school No. 1 for first time in U.S. News ranking

Mar 20, 2018 | Crain's Chicago

The University of Chicago's Booth School of Business ascended to the top of the U.S. News & World Report ranking of MBA programs for the first time.

CNBC Transcript: Raghuram Rajan, Professor of Finance, University of Chicago Booth School of Business, & Former Governor, Reserve Bank of India

Mar 20, 2018 | CNBC

Following is the transcript of CNBC's exclusive interview with Raghuram Rajan, Professor of Finance, University of Chicago Booth School of Business, & Former Governor, Reserve Bank of India at the Credit Suisse Asian Investment Conference in Hong Kong.

The Trial Over the Future of Media Kicks Off Today

Mar 20, 2018 | Bloomberg

Squaring off against Shapiro will be AT&T’s economist, University of Chicago professor Dennis Carlton.

India needs to grow faster than is expected, says its former central bank head

Mar 19, 2018 | CNBC

"(But) India needs stronger growth than that. It needs to get to the Chinese level, the 10 percent that China had in the early 2000s," added Rajan, who's now a finance professor at the University of Chicago Booth School of Business.

Why CEOs Like Rex Tillerson Fail in Washington

Mar 18, 2018 | The Atlantic

Op-ed by John Paul Rollett.

These Are the World’s Best-Paid MBA Graduates

Mar 16, 2018 | Bloomberg

The Sloan School of Management at the Massachusetts Institute of Technology came out on top, with a median salary and bonus of $286,000, according to a survey from Emolument.com, a crowdsourced site for benchmarking salaries. Graduate programs at Harvard and the University of Chicago finished second and third.

How the Bear Stearns Meltdown Wrecked Something More Valuable than Money

Mar 16, 2018 | The Wall Street Journal

“People need to be able to trust something or someone,” says Luigi Zingales, a finance professor at the University of Chicago’s Booth School of Business.

Blackstone’s Crown Prince Built His Career on Bold Real Estate Bets

Mar 16, 2018 | Bloomberg

“The investors want to put a lot of money to work, and that favors those who have economies of scale,” says Steven Kaplan, a professor at the University of Chicago Booth School of Business.

ow the DOJ’s Face-Off With AT&T Could Alter American Business

Mar 15, 2018 | The Wall Street Journal

AT&T has turned to University of Chicago economics professor Dennis Carlton, who has provided expert testimony in antitrust cases for more than 30 years.

William Watson: Ten out of 10 disagreeable economists finally agree — Trump is wrong

Mar 15, 2018 | Financial Post

Given economists’ reputation for disagreement, it’s a bit of shock to see complete unanimity in this week’s IGM survey of 43 leading American economists conducted by the University of Chicago’s Booth School of Business.

Noncompete Pacts, Under Siege, Find Haven in Idaho

Mar 14, 2018 | The New York Times

The share of workers changing jobs has been on a long-run decrease since 2000, according to research by the economists Steven J. Davis at the University of Chicago’s Booth School of Business and John Haltiwanger at the University of Maryland.

43 top economists were polled on Trump's latest big policy — not a single one said it would help Americans

Mar 14, 2018 | Business Insider

Three economists, or the remaining 7%, did not respond to the survey conducted by the University of Chicago's Booth School of Business.

US business chiefs warn on dangers of protectionism

Mar 14, 2018 | Financial Times

A survey of 43 conservative and progressive economists by the University of Chicago Booth School reported this week that not one of them thought the proposed tariffs would boost Americans’ welfare.

Could the 2008 financial crisis happen again?

Mar 14, 2018 | Marketplace

“You will often see people allege things like ‘car loans are the new subprime housing’ or ‘student loans are the new subprime housing,’” said Austan Goolsbee, a professor of economics at Chicago’s Booth School who chaired the Council of Economic Advisers under former President Barack Obama.

Surveillance: Jobs Number is an Excellent Number, Goolsbee Says

Mar 9, 2018 | Bloomberg

Professors Randall Kroszner and Austan Goolsbee on interviews on Bloomberg Surveillance talking about global economic growth and US economics.

Commentary: There’s Still Time to Stop the Tech Monopoly Takeover

Mar 8, 2018 | Fortune

Commentary: There’s Still Time to Stop the Tech Monopoly Takeover

The mental cost of poverty: How being poor leads to poor decisions

Mar 8, 2018 | MSN

Professor Anuj Shah talks about how poverty can have a profound effect on how you think as well as your decision-making.

Mining data on cab rides to show how business information flows

Mar 8, 2018 | The Economist

David Finer, a graduate student at University of Chicago’s Booth School of Business, analysed trips connecting the headquarters of big banks and the Federal Reserve Bank of New York.

A tariff 'destroys more jobs than it creates,' says former Obama economic advisor

Mar 7, 2018 | CNBC

"The trade deficit is a large macro thing, determined by monetary policy in the United states, how much investors want to invest here," said Goolsbee, who is now the Robert P. Gwinn professor of economics at the University of Chicago's Booth School of Business.

Ex-Obama advisor Goolsbee wouldn't fill Cohn's shoes 'if it was the last job on Earth'

Mar 7, 2018 | CNBC

The leading economist, who is currently a University of Chicago professor, cited disagreements with the administration's policy focus, and concern over recent departures of White House staffers.

Luigi Zingales: «Get out of the Euro? It would be a trauma »

Mar 7, 2018 | Vanity Fair

.The winners of the Italian political elections are those that would like less Europe, the eurosceptics. But what would it mean to get out of the eurozone? We asked the economist Luigi Zingales

Italy's Populists Redraw Political Map, Split Country in Half

Mar 6, 2018 | Bloomberg

“The South voted for the Five Star Movement and the North voted for the Lega, but both sides of the country expressed a vote of protest,” Luigi Zingales, professor at the University of Chicago’s Booth School, told Bloomberg Television.

Taxi Study Finds Increase in Trips Between Fed, Banks Around FOMC Meetings

Mar 5, 2018 | The Wall Street Journal

The study was conducted by University of Chicago Booth School of Business Ph.D. candidate David Finer, 33 years old, and made available by the school.

Luigi Zingales Says Italians Are Outraged Over Election

Mar 5, 2018 | Bloomberg

Luigi Zingales, professor at the University of Chicago's Booth School of Business, discusses the outcome of the Italian election.

Italy's Feuding Politicians Leave Economy Waiting for Leadership

Mar 5, 2018 | Bloomberg

“Italians need lower taxes to be able to grow more, they need more efficient firms, they need more efficient government,” said Luigi Zingales, professor of finance at the University of Chicago Booth School of Business.

United walks back plan to convert employee bonuses to lottery system

Mar 5, 2018 | Crain's Chicago

“I have no idea why they thought it would be sensible to randomly distribute prizes as an incentive. It's a bad idea,” says Michael Gibbs, a professor of economics at University of Chicago's Booth School of Business who teaches a course on organizations and incentives.

Surveillance: We Are in a Reactive Phase, Alden Says

Mar 5, 2018 | Bloomberg

Luigi Zingales, University of Chicago Booth School of Business Professor, says the results of the Italian election indicates a heavy anti-Europe sentiment.

Is It Good To Talk To Your Dog? Science Says Both You & Your Pup Enjoy Chatting

Mar 3, 2018 | Elite Daily

Nicholas Epley, a professor of behavioral science at the University of Chicago, told Quartz that talking to animals is actually a sign of intelligence.

Austan Goolsbee: President Trump’s steel tariff increase targeted at China has a big flaw, China isn’t in the top ten of steel exporters to the US

Mar 2, 2018 | WGN Radio

Economics professor at the University of Chicago Booth School and former economic adviser to President Obama, Austan Goolsbee joins Roe Conn and Anna Davlantes to break down how President Trump’s announcement that he is raising tariffs on imported steel/aluminum will impact world markets.

Former Fed governor helps fund markets compliance AI group

Mar 2, 2018 | Financial Times

Other investors include David Lehmann, a former head of electronic execution services at Knight Capital; James Gray, the former co-founder and chairman of optionsXpress Holdings and head of G-Bar, a proprietary trader; Steve Kaplan from the University of Chicago and Alsop Louie and Temerity Capital Partners, two venture capital groups.

Italy’s Berlusconi makes his return

Mar 2, 2018 | The Washington Post

Today, it is a common feeling,” wrote Luigi Zingales, a business professor at the University of Chicago. “In 2016, 124,000 Italians between the ages of 18 and 34 left the bel paese, roughly 2 percent of the population in that cohort.

Beer drinkers and car buyers among losers from Trump's tariffs on imported steel and aluminum

Mar 2, 2018 | Chicago Tribune

“The direct effect of a tariff on imported goods is generally to raise the production cost for businesses that use those goods … as well as to raise the price for final users that consume them as end products,” said Brent Neiman, professor of economics at the University of Chicago’s Booth School of Business.

The Hidden Taxes on Women

Mar 2, 2018 | The New York Times

Men react particularly negatively to their spouses’ relative success. Marianne Bertrand and Emir Kamenica, economists at the University of Chicago, and Jessica Pan, an economist at the National University of Singapore, examined the wages of spouses.

The new Fed chairman just dropped a huge hint that controversial emergency measures will again be needed in the next recession

Mar 1, 2018 | Business Insider

Second, he largely brushed aside a new paper by two Wall Street economists and two academics downplaying the effectiveness of QE , presented at the Chicago Booth annual monetary policy conference in New York last week.

Fed's Powell returns to Capitol Hill

Mar 1, 2018 | CNBC

Austan Goolsbee, Booth School professor, and Michael Strain, American Enterprise Institute, provide insight to Fed Chair Jerome Powell's testimony before the Senate Banking Committee.

Why your name affects how other people judge you

Feb 28, 2018 | The Sydney Morning Herald/Canberra Times

Marianne Bertrand and Sendhi Mullainathan at the University of Chicago sent out 5000 CVs in response to job advertisements in Boston and Chicago.

“WE ALL WEAR ALL BLACK EVERY DAY”: INSIDE WALL STREET’S COMPLEX, SHAMEFUL, AND OFTEN CONFIDENTIAL BATTLE WITH #METOO

Mar 2018 | Vanity Fair

Dennis Chookaszian, an adjunct professor at the University of Chicago’s Booth School of Business, recently polled his 130 students to see whether they have personally experienced harassment or observed it happening.

Warren Buffett Is Even Better Than You Think

Feb 27, 2018 | Bloomberg/MSN/The Washington Post

That formula has routinely beaten the market, according to University of Chicago professor Eugene Fama and Dartmouth professor Kenneth French.

Are We What We Choose?

Feb 26, 2018 | U.S. News

"The maintained opinion was that it must be that people eat less healthy because there is no healthy food available," says Jean-Pierre Dubé, professor of marketing at the University of Chicago Booth School of Business and author of the 2018 study.

Lincoln International's Middle Market Index Shows Continued Private Market Growth and Trends

Feb 26, 2018 | Marketplace

The methodology was determined by Lincoln in collaboration with Professors Steven Kaplan and Michael Minnis of the University of Chicago Booth School of Business.

Fed’s Mester Says Ready to Review Central Bank’s Operating Strategy This Year

Feb 23, 2018 | The Wall Street Journal

“The economic expansion is now firmly in place, labor markets are strong, and inflation is expected to return to 2% on a sustained basis over the next couple of years,” Ms. Mester said in a speech delivered at the University of Chicago’s Booth School of Business 2018 U.S. Monetary Policy Forum in New York.

Bitcoin’s wild trip fails to shake cryptocurrency believers

Feb 23, 2018 | Financial Times

“There is by definition very little transparency in this market,” cautions Luigi Zingales, finance professor at Chicago Booth School of Business, “and a very small volume can change and affect the prices.”

As Economy Grows, Federal Reserve Frets Next Downturn

Feb 23, 2018 | The New York Times

But the main paper presented at the conference on Friday, which is hosted by the University of Chicago’s Booth School of Business, asserted that bond-buying had little economic benefit.

Fed Expects Economic Gains to Prompt Gradual Rate Hikes

Feb 23, 2018 | Associated Press/U.S. News/CBS

"After coming through the financial crisis and Great Recession, the economy has returned to normal and monetary policy ... is normalizing," Mester said in remarks to a conference in New York sponsored by the University of Chicago Booth School of Business.

Fed's bond buying during financial crisis was not that effective, economists say

Feb 23, 2018 | CNBC

This was the conclusion of a paper presented Friday by Wall Street and academic economists at the U.S. Monetary Policy Forum. The gathering, dubbed the "Jackson Hole of the East" by one strategist, is an annual conference sponsored by the University of Chicago Booth School of Business and brings together Wall Street and academic economists, as well as Fed officials.

Fed Should Lean on Rate Cuts, Not QE, in Next Recession: Paper

Feb 23, 2018 | Reuters/The New York Times

"We find that the Fed's balance sheet is a less reliable and effective tool than as perceived by many," concluded the paper presented at the annual monetary policy forum hosted in New York by the University of Chicago Booth School of Business.

Small Is Beautiful: Using Gentle Nudges To Change Organizations

Feb 22, 2018 | Forbes

Subtle and seemingly insignificant aspects of the environment in which decisions are taken can have substantial impact on people’s behavior. This is the premise of the book Nudge, written by Cass Sunstein, one of the most cited American legal scholars, and Richard Thaler, last year’s winner of the Nobel prize in economics.

A budget nudge isn’t likely to be enough to close the gender gap

Feb 21, 2018 | The Globe and Mail

It sounds a little like the behavioural economics that Richard Thaler and Cass Sunstein suggested a decade ago in a book called Nudge, which suggested policy makers could frame choices for the public to encourage better outcomes, often for less money.

TRUMP IS ONE BAD DAY AWAY FROM TWEETING “I’VE HAD THREE TIMES AS MANY WIVES AS OBAMA!”

Feb 21, 2018 | Vanity Fair

“Under the previous administration, we went from the worst downturn of our lifetimes to the second longest expansion on record,” Austan Goolsbee, C.E.A. chairman from 2010 to 2011 and an economics professor at the University of Chicago’s Booth School of Business, told me.

The Trouble With Google and Facebook

Feb 21, 2018 | U.S. News

LUIGI ZINGALES PROVIDES a window onto news illiteracy, or at least social media's penchant for the provocative over the reasoned.

Surveillance: The Key is Productivity, Rajan Says

Feb 21, 2018 | Bloomberg

Raghuram Rajan, University of Chicago Booth Business School Professor & Former Reserve Bank of India Governor, says it would be ideal for the new Fed Vice Chair to be someone who straddles both academic and policy worlds.

Benjamin Netanyahu corruption charges: Israeli PM faces toughest political challenge, but is unlikely to go quietly

Feb 20, 2018 | Yahoo!

An article in the Chicago Booth School's magazine Pro Market called the recordings "most amazing tapes in the history of corruption in Israel". It also noted that Israelis, for the first time, got to know of the shady deals struck between tycoons, government and regulators.

Here's what Donald Trump and the NRA get about humans that you don't

Feb 20, 2018 | Business Insider

We are changing the way we think about this stuff, though. The man who won the Nobel Memorial Prize in Economic Sciences last year, Richard Thaler of the University of Chicago, did so by explaining a bunch of ways humans persuade themselves to hurt themselves and how to work around that.

How Illinois Universities Power The Chicago Startup Ecosystem

Feb 20, 2018 | Forbes

The University of Chicago’s efforts to grow the startup community are widespread across disciplines, degrees, and communities.

The battle for time

Feb 19, 2018 | Sydney Morning Herald

Richard Thaler, a pioneering behavioural economist and latest winner of the Nobel prize for economics, emphasised how fallible humans can be when making economic decisions, in his acceptance speech just before Christmas.

A stunning chart shows the true cause of the gender wage gap

Feb 19, 2018 | Vox

A 2009 study led by University of Chicago’s Marianne Bertrand echoes that conclusion. It examined the earnings of thousands of business school graduates.

Is It Time To Sell?

Feb 18, 2018 | Seeking Alpha

A recent paper by the University of Chicago Booth School of Business professor George M. Constantinides and McGill University's Anisha Ghosh, "What Information Drives Asset Prices?" offers some insights.

List Of The Super Elite M7 Business Schools

Feb 16, 2018 | Poets & Quants

Of all the M7 players, Booth has the highest acceptance rate at 23.5%. But don’t let that fool you. There are 8.1 candidates for every available seat, more than Wharton.

Rising yields a sign of economic healing, not distress, expert says

Feb 15, 2018 | CNBC

Jeff Knight, Columbia Threadneedle global head of investment solutions, and Austan Goolsbee, University of Chicago Booth School of Business professor, discuss the current rising rate environment and what it means for investors.

I asked 7 Republican senators what they really think about legal immigration cuts

Feb 14, 2018 | Vox

When the University of Chicago’s Booth School surveyed a panel of well-known academic economists, for example, 52 percent agreed that admitting more low-skilled immigrants to the United States would make the average US citizen better off. Just 9 percent disagreed.

Kroszner Sees Powerful Duo in a Powell, Mester Fed

Feb 13, 2018 | Bloomberg

University of Chicago Booth School of Business Professor of Economics Randy Kroszner discusses the make-up of the Federal Reserve, and talks about the markets, economy and Fed policy.

Ask a behavioural economist: Why do I feel anxious during RRSP season?

Feb 12, 2018 | The Globe and Mail

A number of studies headed up by the behavioural scientist Anuj K. Shah and his colleagues at the Booth School of Business at the University of Chicago have shown that scarcity or even just the perception of scarcity is enough to trigger a mindset that can interrupt our critical thinking and cause us to focus on immediate needs.

Trumpism for Thee, but Not for Me

Feb 11, 2018 | The New York Times

In other countries, the most effective way to stop recent demagogues has been to treat them as normal politicians who are failing to deliver on their promises, as Luigi Zingales of the University of Chicago has noted.

A sloth’s guide to surviving a week of market volatility

Feb 9, 2018 | Financial Times

One laboratory study — by Mr Kahneman, Tversky, Alan Schwartz and last year’s Nobel laureate economist Richard Thaler — invited participants to make investment allocation decisions over 200 “turns”, each meant to simulate a few weeks of real investment. Some were allowed to reallocate every turn after observing what had just happened.

Don't Be a Victim of Irrational Exuberance

February 8, 2018 | Entreprenuer

Behavioral economist Richard Thaler has made a career of studying irrational and temptation-driven economic behaviors. Thaler, who won the Nobel Prize in economics in October of 2017, said in a recent interview, “we seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping.”

Why Estonia Succeeds At Public Innovation

February 8, 2018 | U.S. News

“In the U.S., the basic idea is that the government is willing to pay for good ‘pure research’ projects,” says James E. Schrager, professor of entrepreneurship and strategy at the University of Chicago Booth School of Business.

How to Bear a Bull Market: The Psychology of Volatile Securities Trading

February 7, 2018 | Scientific American

The work of visionaries such as Nobel laureates Richard Thaler and Daniel Kahneman has demonstrated humans do not operate as rational agents, as assumed by classical economics.

New Research Turns Conventional Wisdom On Food Deserts On Its Head

February 6, 2018 | WBEZ

But a new study by economists at New York University, Stanford, and University of Chicago’s Booth School suggests that even if there were access to healthier food options, like a nearby supermarket, that doesn’t necessarily mean residents would buy the healthier options.

Trump Falls Silent On Stock Market Slump

February 6, 2018 | NPR

"We saw a decent jobs number this last [week]. And we have seen in the last couple of years wages starting to inch themselves upwards," said Goolsbee, a University of Chicago economist who served as adviser to former President Barack Obama.

Are Americans Falling Out of Love With Chocolate?

February 5, 2018 | The Wall Street Journal

Craft chocolatiers, often claiming direct links with cacao-bean producers, are also proliferating. Elizabeth Pontikes, associate professor at the Chicago Booth School of Business, sees parallels with craft beer and coffee.

Dear Jay: High-Powered Advice for the Incoming Fed Chairman

February 5, 2018 | Bloomberg

Austan Goolsbee: “The Fed needs to be careful not to get too far in front of its skis in following an approach that’s different than every other central bank in the world.

Worried About Your Retirement Investments? Don't Panic Sell

February 5, 2018 | The Street

"Nothing happened on Friday that should induce a panic," said Richard Thaler, the 2017 recipient of the Nobel Memorial Prize in Economic Sciences, a professor of behavioral science and economics at the University of Chicago Booth School of Business, and author of numerous books, including Nudge: Improving Decisions About Health, Wealth, and Happiness.

AT&T merger judge says 'no big issues' in trial preparations

February 2, 2018 | Reuters/MSN

Both sides said they intended to call former Justice Department economists to support their case. AT&T will call Dennis Carlton, from the University of Chicago Booth School of Business, while the Justice Department will call Carl Shapiro of the University of California at Berkeley.

Surveillance: Where’s the Infrastructure Money, Goolsbee Asks

January 31, 2018 | Bloomberg

Austan Goolsbee, University of Chicago Booth School Professor, says the hypocrisy among lawmakers in Washington doesn’t make any difference anymore.

Will my genes doom my young daughter to a weight problem?

January 31, 2018 | The Boston Globe

In their 2008 book Nudge, Richard Thaler, a University of Chicago economist who won the 2017 Nobel Prize, and Cass Sunstein, a Harvard Law School professor, describe the unconscious social forces that drive our eating habits.

The real State of the Union: America has a huge political vacuum

January 31, 2018 | Salon

This dynamic is not new. Luigi Zingales, a professor of entrepreneurship and finance at the Booth School of Business at the University of Chicago, said a similar turbulence marked Silvio Berlusconi’s tenure as Italy’s prime minister.

How Trump’s Critics Should Respond

January 30, 2018 | The New York Times

Luigi Zingales of the University of Chicago has written what I think remains the smartest essay on this point. In an Op-Ed published shortly after the election, he explained that Trump fit a global pattern.

Donald Trump’s immigration crackdown is a recipe for national decline

January 30, 2018 | Vox

Indeed, there is a fairly firm consensus that immigration raises incomes on average for native-born workers. When the University of Chicago’s Booth School surveyed a panel of well-known academic economists, for example, 52 percent agreed that admitting more low-skilled immigrants to the United States would make the average US citizen better off.

How Your Business Changed After 1 Year of President Donald Trump

January 30, 2018 | Inc.

Trump's move to ease regulatory burdens on businesses has been palpable, says Steve Kaplan, a professor of entrepreneurship and finance at the University of Chicago Booth School of Business.

'Uphill battle' predicted for Outcome Health after settlement with investors

January 29, 2018 | Chicago Tribune

Rebuilding won’t come easy for Outcome Health, said Waverly Deutsch, a clinical professor of entrepreneurship at the University of Chicago’s Booth School of Business.

What to expect from Trump's first State of the Union address

January 29, 2018 | CNBC

Former Council of Economic Advisors Chairmen Glenn Hubbard, Columbia Business School, and Austan Goolsbee, Chicago Booth School of Business, discuss their expectations from President Trump's first State of the Union address.

How to save more money in 2018

January 26, 2018 | NBC

If you can assign your money particular “jobs” as it applies to meeting your goals, you’ll be more successful. That’s the idea at the heart of a behavioral finance concept called “mental accounting,” for which University of Chicago Economist Richard Thaler won the Nobel Prize in 2017.

Davos frets over future despite economic upgrades

January 25, 2018 | Financial Times

Raghuram Rajan, professor of finance at the University of Chicago and a former Indian central bank chief, said economists and technocrats had to accept that they were no longer in control of economic narratives, and that the post world war two story of international co-operation and prosperity was under threat.

5 simple steps to save more money — starting now

January 24, 2018 | NBC

This “bucket method” can make spending and saving simple. According to research by economist Richard Thaler from the University of Chicago, if you assign your money a particular job, you’ll be more successful in reaching your financial goals.

Why is the US stock market so high – and is it justified?

January 23, 2018 | The Guardian

Economic theory, as exemplified by the work of Andrei Shleifer at Harvard and Robert Vishny of the University of Chicago, offers ample reason to expect that long-term investment opportunities will never be eliminated from markets, even when there are a lot of very smart people trading.

Rupert Murdoch’s plan to make Facebook pay for news

January 23, 2018 | NBC

Guy Rolnik, a media entrepreneur who teaches in the business school at the University of Chicago, warned that securing payments from Facebook — even if possible — could come with a downside for the media industry.

West must share benefits of growth with emerging world: Rajan

January 23, 2018 | PTI/Economic Times

Former RBI Governor Raghuram Rajan on Tuesday said the Western world must realise they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a 'fractured world' if things are not set right soon.

PM Narendra Modi in Davos, India gets IMF boost: At 7.4%, can be fastest growing this year

January 23, 2018 | The Indian Express/MSN

Providing a global perspective on new economic narratives will be former RBI governor Raghuram Rajan, who is now teaching at Chicago University’s Booth School of Business, and Robert Shiller, with sessions on cyber security, climate changes and big data among the subjects on the agenda.

Will Money Ever Bring You Happiness?

January 23, 2018 | U.S. News

"There is a positive correlation between, at a given time, wealth and subjective well-being even though the correlation is not strong," says Christopher Hsee, professor of behavioral science and marketing at the University of Chicago Booth School of Business. "Also, this correlation is particularly high for people in poor countries."

Economy on a good road, but watch out for these warning flares

January 23, 2018 | Chicago Tribune

“When people aren’t worried,” said Randall Kroszner, economics professor at the University of Chicago Booth School of Business, during the school’s annual economic outlook event last week. “When the shock comes, they’re not prepared.”

Sinking markets, emergency meetings: A Fed governor recalls 2008

January 22, 2018 | Marketplace

Randall Kroszner, now a professor of economics at the University of Chicago's Booth School of Business, served as a governor of the Federal Reserve from 2006 to 2009. He, along with a small team at the Fed, tracked the eye of the storm.

Trump’s Biggest Con May Be The One He Has Played On American Workers

January 20, 2018 | Huffington Post

In a survey of 42 top economists by the University of Chicago’s Booth School of Business, just one ― one! ― thought Republican tax cuts would significantly improve growth.

Why American men are getting less marriageable

January 20, 2018 | Business Insider/MSN

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.

Can a little nudge help in saving for retirement?

January 19, 2018 | The Globe and Mail

The idea of behavioural economics has been getting a lot of attention in recent months. In October, the 2017 Nobel Prize in Economics was awarded to Richard Thaler, professor of behavioral science and economics at the University of Chicago Booth School of Business, for his contributions to the field.

A Warning for Democrats

January 19, 2018 | The New York Times

Luigi Zingales of the University of Chicago explained this phenomenon in a Times op-ed shortly after Trump’s election. In the piece, Zingales compared Trump to Silvio Berlusconi, the former Italian prime minister.

Men Aren't Exactly Stampeding Back to Work

January 16, 2018 | Bloomberg

These explanations range from the purely cultural, such as American Enterprise Institute political scientist Charles Murray's "weakening of the work ethic among males," to the at least partly technological, such as University of Chicago economist Erik Hurst's hypothesis that the internet and better video games have "increased the value of leisure time" relative to work.

Steven Kaplan of University of Chicago’s Booth School of Business

January 16, 2018 | Middle Market Growth

This episode of the Middle Market Growth Conversations podcast features Steven Kaplan, the Neubauer family distinguished service professor of entrepreneurship and finance at the University of Chicago Booth School of Business.

Don't be fooled. Wall Street, not Main Street, is the big tax winner

January 14, 2018 | CNN

Owen Zidar, a University of Chicago professor who studies the effects of tax policy on firms and workers, agrees. "While workers will get some benefit, there are more substantial benefits to shareholders," he said.

Bitcoin Is an Asset Like Gold, Not a Currency: Former Fed Gov. Kroszner

January 13, 2018 | The Street

If you answered never, you're probably not alone. For that reason, said former Federal Reserve Gov. Randy Kroszner, bitcoin shouldn't be considered a crypto currency, but rather a crypto asset.

Transcript: Nightly Business Report – January 12, 2018

January 12, 2018 | CNBC

RANDALL KROSZNER, UNIVERSITY OF CHICAGO BOOTH: We are seeing synchronized global growth period which is really quite rare. I think that`s one of the key offsets of why both the market in the U.S. and markets globally are doing so well.

Don’t bet on higher US Treasury yields just yet

January 12, 2018 | Financial Times

According to Erik Hurst of Chicago Booth Business School, 18 per cent of men between 21 and 30 who did not have a college degree last year did no work at all.

It worries me that no one seems to be worried about markets: Former Fed Governor

January 12, 2018 | CNBC

Former Fed Governor Randy Kroszner weighs in on the record rally in equities, the state of the U.S. economy and his views on tax reform.

India's former central bank chief warns of unexpected changes

January 11, 2018 | Nikkei Asian Review

Raghuram Rajan, the former governor of the Reserve Bank of India, sees a 2018 global economy in fairly good shape but a financial industry that is "far from being in the clear." In an interview with The Nikkei, Rajan, who is now a professor at the University of Chicago, also warned that the world needs to stay vigilant against new and unforeseeable risks.

The 2018 Data Is In & The M7 Schools Remain Magnificent

January 10, 2018 | Poets & Quants

New year, old truth: The M7 schools continue to have an aura of exceptionalism that most other schools envy. Harvard Business School, Stanford Graduate School of Business, the Wharton School at the University of Pennsylvania, the University of Chicago’s Booth School of Business, Columbia Business School, MIT’s Sloan School of Management, and Northwestern University’s Kellogg School of Management may trade places in the full-time MBA program rankings, moving up or down a few places year to year, but they continue to be regarded as, generally, the best programs in the world.

Listening to what we don’t want to hear is often vital

January 10, 2018 | The Times

Let’s not forget the current craze for behavioural economics, which resulted in Richard Thaler, the economist, winning a Nobel prize. Behavioural economics proves that how we design public and private systems, right down to application forms, has a huge effect on people’s choices. It’s called “choice architecture”.

Five Must-Read Studies From the Big Economics Confab: Eco Pulse

January p, 2018 | Bloomberg

Using data collected through Adobe Analytics, which tracks online prices and quantities, University of Chicago economist Austan Goolsbee and Stanford’s Pete Klenow find that online inflation averaged about 100 basis points lower than inflation in the CPI for the same categories between 2014 and 2017.

FACT CHECK: Trump Touts Low Unemployment Rates For African-Americans, Hispanics

January 9, 2018 | NPR

Then again, a majority of economists polled by the University of Chicago predict that long term, the tax plan won't lead to higher economic growth.

The Startling Percentage Of Financial Advisors With Misconduct Records

January 9, 2018 | Forbes

The findings are contained in the forthcoming paper The Market for Financial Adviser Misconduct, scheduled to be published in the Journal of Political Economy. It was written with co-authors Gregor Matvos of Booth Business School at the University of Chicago, and Amit Seru of Stanford Graduate School of Business. Their initial working paper on the results made business headlines in 2016.

Here’s How to Tell if You’re a Populist

January 9, 2018 | Bloomberg

The panel featured some heavyweights, including Dani Rodrik of Harvard University and Raghuram Rajan of the University of Chicago. But the most interesting presentation was by someone who isn’t even an economist: Cristobal Rovira Kaltwasser, a political scientist at Diego Portales University in Chile.

What happens when the tax-plan promises aren’t kept?

January 8, 2018 | The Washington Post

Historically, “tax cuts aimed at the top of the income distribution have had very little stimulus effect,” said University of Chicago economist Austan Goolsbee, who had Mr. Hassett’s job during the Obama administration.

5 Tips for Surviving Uncomfortable Conversations

January 8, 2018 | Time

“Typically people think it’s going to be really uncomfortable,” says Emma Levine, an assistant professor of behavioral science at the University of Chicago Booth School of Business.

The psychology behind why we're so bad at keeping New Year's resolutions

January 7, 2018 | Business Insider

The study, led by Kaitlin Woolley from Cornell University and Ayelet Fishbach from the University of Chicago, found that participants believe that both enjoyment and importance are significant factors in whether they stick to their resolutions.

Uncommon Knowledge: Bros, basketball, and business economics

January 6, 2018 | Boston Globe

A study by a team of judgment researchers from Cornell University and the University of Chicago (including Richard Thaler, the latest winner of the Nobel Prize in economics) found that NBA and NFL teams typically went for the tie at the end of regulation, even though the probability of winning was lower, given the remaining uncertainty of overtime. In an experiment, even when people were explicitly informed of the lower probability, half still chose to go for the tie.

How to make economists fight like ferrets in a sack

January 6, 2018 | The Spectator

One of the funniest passages of writing I have read in the past few years appears within the pages of Richard Thaler’s memoir Misbehaving. He describes what happens when the University of Chicago economics faculty moves to a new location.

Richard H. Thaler | The Interview Show

January 5, 2018 | PBS

Host Mark Bazer interviews Richard H. Thaler, 2017 Nobel Prize winning economist and co-author, "Nudge."

Americans' declining economic mobility hits a new low

January 5, 2018 | The Los Angeles Times

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.

This is how women are really faring in Chicago tech

January 5, 2018 | Crain's

At the University of Chicago's Booth School of Business, four of 10 New Venture Challenge finalists last year had female founders.

Does regulation kill off business profits, as Trump claims? Not at all

January 5, 2018 | Salon

But a new working paper from the National Bureau of Economic Research, written by University of Chicago researchers João Granja and Christian Leuz, supports the opposite contention: Stricter regulation can, in many cases, improve lending activity and benefit the economy.

Top 20 Business Schools Where MBAs Earn The Highest Salaries After Graduation For 2018

January 4, 2018 | Ceoworld Magazine

5. University of Chicago Booth School of Business, United States, $125,000

Can Your Vacation Make You Happier?

January 4, 2018 | next avenue

“We are our experiences,” said University of Chicago happiness researcher Amit Kumar. “Experiences become our memories, so investing in ones that will impact your identity in meaningful ways is likely to be fruitful in terms of advancing happiness.”

An MBA is still a great boost for salaries

January 3, 2018 | Financial Times

Alumni from Chicago’s Booth School of Business hold the record for the highest salary jump since our records began: up 252 per cent in the 2002 ranking during the heyday of the dotcom boom.

Job outlook growing worse for young American men | Opinion

January 2, 2018 | Courier Journal

Erik Hurst, an economist at the University of Chicago, found that young men spent a startling 75 percent of this leisure time playing video games, with many spending more than 30 hours a week gaming and over 5 million Americans spending more than 45 hours per week.

Inside the Eccentric, Relentless Deal-Making of Masayoshi Son

January 2, 2018 | Bloomberg

“There really isn’t a precedent for this,” says Steven Kaplan, a professor at University of Chicago’s Booth School of Business who co-founded its entrepreneurship program. “The jury is still out on whether it will work.”