The current hospital star-rating system used by the U.S. government’s Centers for Medicare & Medicaid Services is plagued with numerous flaws, and University of Chicago Booth School of Business Professor Dan Adelman has come up with a new way to address one of its most controversial issues.
The University of Chicago Booth School of Business announces numerous strategic enhancements to its Civic Scholars Program, a highly selective scholarship program designed to support advanced business education for professionals in the nonprofit and government sectors.
In an effort to support the growing number of veterans attending the University of Chicago Booth School of Business, the Harper Family Foundation has made a $10 million gift to provide scholarship assistance to current and former members of the U.S. Armed Forces enrolled in Booth’s Full-Time, Evening, Weekend and Executive MBA Programs.
The University of Chicago Booth School of Business Stigler Center Committee on Digital Platforms today released its first report delivering eight policy recommendations on how to rein in Big Tech, including creating a new Digital Authority. The independent and non-partisan Committee – composed of more than 30 highly-respected academics, policymakers, and experts – spent more than a year studying in-depth how digital platforms such as Google and Facebook impact our economy and antitrust laws, data protection, the political system and the news media industry.
The arrival of ridehailing is associated with an increase of approximately 3 percent in the number of motor vehicle fatalities and fatal accidents, according to research from the University of Chicago Booth School of Business.
Researchers find that people don’t always disapprove of deception. In fact, they perceive the ability to deceive as an asset in occupations that are stereotyped as high in “selling orientation.”
A simple and brief intervention can provide lasting protection for adolescents against these harmful effects of food marketing. Reframing how students view food-marketing campaigns can spur adolescents, particularly boys, to make healthier daily dietary choices for an extended period of time. The method works in part by tapping into teens’ natural desire to rebel against authority.
In the era of Google and Facebook, people may believe that exchanging ever-more information will foster better-informed opinions and perspectives when the reality is people are making snap judgments without even begin aware of it.
The happiness we feel after a particular event or activity diminishes each time we experience that event, a phenomenon known as hedonic adaptation. But giving to others may be the exception to this rule, according to new research from the University of Chicago Booth School of Business.
When people in a business negotiation share not just a meal but a plate, they collaborate better and reach deals faster, according to new research from the University of Chicago Booth School of Business.
New research from the University of Chicago Booth School of Business explores the consequences of honesty in everyday life and determines that people can often afford to be more honest than they think.
While conventional wisdom says that people don’t like uncertain gains or rewards, a study from the University of Chicago Booth School of Business finds that uncertainty can play an important role in motivating repeat behaviors.
New research from the University of Chicago Booth School of Business finds that Medicare could save about $4.6 billion a year—with no harm to patients—by simply eliminating the concept of long-term care hospitals and reimbursing the institutions as skilled nursing facilities instead.
New research from the University of Chicago Booth School of Business finds that people significantly underestimate the positive impact a letter of gratitude has on its recipient.
New research from the University of Chicago Booth School of Business finds the glass ceiling--that invisible barrier to advancement that women face at the top levels of the workplace--remains as intractable as ever and is a drag on the economy.
If you think you’re helping someone by lying, you may want to think again. Telling a lie in order to help or protect someone—a practice known as prosocial lying—backfires if the person being lied to perceives the lie as paternalistic, according to new research from the University of Chicago Booth School of Business.
People struggling with motivation will benefit more from giving advice than receiving it, although most people predict the opposite to be true, according to new research from the University of Chicago Booth School of Business.
New research from the University of Chicago Booth School of Business finds that when it comes to predicting who is most likely to act in a trustworthy manner, one of the most important factors is the anticipation of guilt.
Millions of how-to videos on YouTube, Facebook and Instagram have given people unprecedented access to the skilled performances of experts. Nevertheless, learning a new skill by watching a video on social media can also lead people to become overconfident in their own abilities, according to new research from the University of Chicago Booth School of Business.
For decades, the conventional wisdom has been that people living in food deserts—defined as areas lacking in supermarkets with fresh produce and other nutritious items—have little choice but to buy unhealthy food at drugstores or convenience stores. But the data tell a different story.
The chance to get rich quick by investing in a penny stock, even if it is widely suspected that the stock price is being manipulated, is too tempting for some investors to resist. New research from the University of Chicago Booth School of Business finds that some investors actually seek out stocks suspected of “pump-and-dump” schemes, despite the risks and warnings from financial experts, in hopes of winning big, akin to the lottery.
Frequent payments can make consumers feel better about the benefits they are receiving from their purchase. More frequent payments can help people appreciate recurring pleasures and increase the likelihood of purchasing. The findings has implications for merchants and nonprofits.
When assessing total compensation for a victim, the presence of a small economic loss “crowds out” the presence of an emotional loss, according to new research from the University of Chicago Booth School of Business Professor Christopher Hsee and PhD candidate Shirley Zhang.
A worldwide shift in the appetite for currency since the 2008 global financial crisis appears to have hurt the Eurozone and helped the United States, according to new research from the University of Chicago Booth School of Business.
Among the many job market findings in new research from the University of Chicago Booth School of Business: employers post vacancies and accept applications for a mere nine days on average in technology-oriented sectors, even though it takes 45 days on average to fill one of these job positions.
In the paper, “Overcoming behavioral obstacles to escaping poverty,” published in the journal Behavioral Science & Policy, University of Chicago Booth School of Business Assistant Professor Christopher Bryan and coauthors from several universities and development organizations, find policies aimed at serving the poor are more effective when they take into account the human tendency to procrastinate and the limits poverty puts on attention spans.
In the paper, "Behaviorally Informed Policies for Household Financial Decisionmaking," by a working group of behavioral scientists including University of Chicago Booth School of Business Associate Professor Abigail Sussman, researchers find that financial mistakes happen when consumers fail to examine all of their choices when making monetary decisions.
We all have encountered people who seem “holier than thou” — those who believe they are morally superior to others; in fact, we may have felt morally superior ourselves at times. If so, you’re not alone – self-righteousness is widespread.
Keeping score is a common method of motivation. But new research shows that even if the score itself has no inherent meaning, it can serve as an effective motivator, as long as the score is accelerating.
The University of Chicago Booth School of Business and Nielsen, the global measurement and analytics company, have expanded their ongoing collaboration with the availability of a new dataset from Nielsen’s Ad Intel Data.
In “Functional Intimacy: Needing—But Not Wanting—the Touch of a Stranger,” University of Chicago Booth School of Business Professor Ayelet Fishbach explores the discomfort felt in a situation that requires functional intimacy. The study presents a novel point of view for both service providers and service recipients.
However, in their new study “Self-Signaling and Prosocial Behavior: A Cause Marketing Experiment,” University of Chicago Booth School of Business Professor of Marketing Jean-Pierre Dubé, Xueming Luo of Temple University and Zheng Fang of Sichuan University find that the effects of cause marketing are more complicated than that. In their study, to be published in the forthcoming INFORMS journal Marketing Science, the researchers find that offering price discounts and donations simultaneously can actually reduce sales in cause marketing settings. This means that while cause marketers believe that combining discounted services and donations will automatically lead to higher traffic and overall revenue, often the opposite is true.
Technological advances, particularly in machines that can perform complex tasks, have begun to dramatically change jobs and labor markets.
In their recently published paper, “When Harry Fired Sally: The Double Standard in Punishing Misconduct,” University of Chicago Booth School of Business’ Gregor Matvos, Stanford’s Amit Seru and University of Minnesota’s Mark Egan explore how women working in the financial advisory industry are punished more severely than their male coworkers for similar misconduct.
Of 16,000 subjects who received at least one text message offer, 535 purchased a voucher at one of the two theaters that day, which is a promotional response of 3.3%. This was a significant boost in sales, proving that the discounts were effective in in-creasing business.
With Valentine’s Day approaching, it’s a good time to turn to behavioral science for some well-researched relationship advice. Here are a few findings, based on studies from the Center for Decision Research, that may help make your Valentine’s Day just a bit sweeter.
They found that there is an “asymmetry” that applies to the valuation of items offered as a bundle: “consumers will demand more compensation for and experience greater dissatisfaction from the loss of items from bundles, compared to the loss of the same items in isolation.”
The U.S. political divide is widening under President Donald Trump, especially around his deregulation plans and cabinet appointments, according to the Financial Trust Index survey from the University of Chicago Booth School of Business and Northwestern University’s Kellogg School of Management.
A new study from the University of Chicago Booth School of Business, published recently in Personality and Social Psychology Bulletin, found that immediate rewards are strongly associated with persistence in a long-term goal, despite a delayed reward being the underlying motivation
People are more grateful for what they’ve done than what they have, and that gratitude can lead to greater generosity toward others, according to new research for University of Chicago Booth School of Business.
A new study finds that by appealing to widely-held adolescent values, it’s possible to reduce unhealthy eating habits and motivate better food choices among adolescents. To capture the motivating power of these values, researchers worked with groups of eighth graders to reshape their perception of healthy eating as an act of independence that serves the purpose of social justice.
Few entrepreneurs and investors can resist the temptation to follow the herd into a new, “hot” market, even when they understand that it is rarely the path to riches. New research from the University of Chicago Booth School of Business finds that entrepreneurs who resist pressure to follow the consensus are most likely to stay in a market, receive funding and ultimately go public.
Watching a video of a harmful or violent act being committed can provide useful evidence of the circumstances surrounding the action. But new research shows that watching that same video in slow motion can often cause viewers to see something that may not be there: intentionality.
Douglas Skinner, Eric J. Gleacher Distinguished Service Professor of Accounting and Deputy Dean for Faculty, will serve as the interim Dean of the University of Chicago Booth School of Business effective August 15, 2016, and continuing until the next dean is named.
Startups founded by the lesbian, gay, bisexual and transgender (LGBT) entrepreneurship community are at risk for discrimination, affecting where they locate their businesses, their ability to raise capital and how they build trust with investors, according to a new study from StartOut, a national non-profit organization that supports, educates and connects LGBT entrepreneurs.
In the study, "The Tipping Point of Moral Change: When Do Good and Bad Acts Make Good and Bad Actors?," Chicago Booth Assistant Professor of Behavioral Science Ed O'Brien and post-doctoral scholar Nadav Klein find that people require more evidence to perceive improvement in someone’s moral character than to perceive a decline. In other words, it is easier to become a sinner than a saint.
The University of Chicago Booth School of Business will host a casting call for the ABC TV Show “Shark Tank” at the school’s Hyde Park campus on Tuesday, June 14. It is the first time the reality show has come to the university in search of contestants.
Gift will support and enhance programs for social entrepreneurs at University of Chicago Booth School of Business
The University of Chicago Booth School of Business Assistant Professor Samuel Hartzmark and Associate Professor Kelly Shue received the 2016 AQR Insight Award for their research into the effect of earnings news on financial markets.
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