University of Chicago Booth School of Business alumnus Eric Gleacher has made a $10 million gift to his alma mater to fund a groundbreaking scholarship program for U.S. veterans seeking a Chicago Booth MBA.
New research from the University of Chicago Booth School of Business has identified four factors that predict whether a job candidate will become a CEO and reveal that boards often overweight interpersonal skills when hiring a CEO.
Big retailers typically pack their shelves with competing versions of the same products intent on attracting a wider variety of customers and gaining market share. But new research from the University of Chicago Booth School of Business suggests there is a fine line between offering consumers choice and creating costly confusion.
In the first large-scale study documenting the economy-wide extent of misconduct among financial advisers and financial advisory firms in the United States, University of Chicago Booth School of Business researchers find that most financial advisers who engage in misconduct get to keep their jobs—or are quickly rehired by another firm in the industry.
Just as people are more likely to give more to close friends than to strangers, people may be more likely to give less to close friends than to strangers if there is a mutual overall benefit for doing so. Call it altruistic selfishness. The gift-giver may see himself and a close friend as a unit—and choose the best total gift for the unit rather than for either individual. The total gift could end up including the gift purchased, a free gift, and any money saved.
As the 2016 presidential campaign attracts more money and bigger political donations than any campaign in U.S. history, the University of Chicago Booth School of Business has created a financial index to capture the influence that corporations and special interest groups have on politics and the economy. The Campaign Financing Capture Index measures the concentration of campaign funding in the 2016 U.S. presidential election. The index ranks the concentration of funding for each candidate with an eye toward predicting how political donations could influence policy decisions under a new president.
The Chicago Mercantile Exchange Group-MSRI Prize in Innovative Quantitative Applications has been awarded to University of Chicago Booth School of Business Professor Douglas W. Diamond. The prize is awarded to an individual or a group, to recognize originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics.
The University of Chicago Booth School of Business announces a new scholarship program designed to support advanced business education in the nonprofit and government sectors.The new Civic Scholars Program, funded in part by a $4-million gift from the Neubauer Family Foundation, will provide full-tuition scholarships.
Want to lose weight? Then make sure you’re thinking about more than just the numbers on the scale when choosing your workout. A new study suggests that when people look forward to or back on an activity, they tend to underestimate how important it is to actually enjoy doing it. The finding may help explain why people often fail to persevere through tedious or unpleasant tasks.
The 2014 Bernácer Prize has been awarded to University of Chicago Booth School of Business Professor Veronica Guerrieri. The Bernácer Prize is awarded annually to European economists under the age of 40, who have made outstanding contributions in the fields of macroeconomics and finance.
When sports fans wear their lucky shirts on game day, they know it is irrational to think clothing can influence a team’s performance. But they do it anyway. In a paper from the University of Chicago Booth School of Business, to be published in an upcoming issue of Psychological Review, Associate Professor Jane Risen finds that even when people recognize that their belief does not make sense, they can still allow that irrational belief to influence how they think, feel and behave.
The decision to go to work instead of school during the last housing boom turned out to be costly to students, and quite possibly a drag on the economic recovery. In a study from the University of Chicago Booth School of Business, researchers find that the housing boom substantially lowered college enrollment and attainment by raising the “opportunity cost” of going to college.
A new study from the University of Chicago Booth School of Business analyzes what happens to the sales of popular consumer products after federal regulators order manufacturers to stop making misleading health claims.
The ability to think fast and respond quickly to a situation generally is considered advantageous and indicative of a nimble mind. But automatic responses, particularly among young, disadvantaged youth, often are used in ill-suited situations and can lead to violence and crime.
A new study , published in Social Psychological and Personality Science, finds that the greater patients' need for medical care, the more likely patients will view their doctors as "empty vessels," devoid of emotions or personal lives of their own; at the same time, those patients expect their physicians to be able to contain the patients' emotions and experiences.
On the heels of President Barack Obama’s trip to Kenya this summer, in which the U.S. president called on Kenya to overcome ethnic divisions, a new study provides insights into the economic cost of segregation in developing countries and how to overcome it.
In emerging economies, where real estate is expensive and space is limited, there has been a boom in multiplex movie theater construction fueled by the conviction that small screens with many show times will increase ticket sales. But new research from the University of Chicago Booth School of Business finds that the strategy doesn’t always work.
A new study finds that American political speech has become more polarized across party lines over time, with a clear trend break around 1980, and that current levels are unprecedented.
When it comes to the art of persuasion, you can attract more followers if you turn conventional wisdom on its head and stress what you like, not what you do. A new study, to be published in an upcoming issue of the Journal of Personality and Social Psychology, finds that people are more likely to conform to others' preferences than conform to others’ actions. In other words, people want to like what others like, but they want to have or do what others don’t have or don't do.
Though there’s been a significant decrease in the number of Americans who are angry at the current economic situation in this country, dropping from 44 percent a year ago to 33 percent at the end of 2014, that decrease does not translate to a higher level of trust toward the U.S. government, which remains only at 18 percent, according to the latest data from the Chicago Booth/Kellogg School Financial Trust Index
In "Group Discussion Improves Lie Detection," the researchers designed four experiments in which groups consistently distinguished truth from lies more accurately than one individual, demonstrating that the group advantage in lie detection comes through the process of group discussion, not the product of a "wisdom of crowds" effect.
When facing an ethical dilemma, being aware of the temptation before it happens and thinking about the long-term consequences of misbehaving could help more people do the right thing, according to a new study.
Pietro Veronesi, Roman Family Professor of Finance at the University of Chicago Booth School of Business, has been chosen as one of the winners of the 2015 AQR Insight Award for his research on credit risk.
In four studies, documented in their paper "In Search of an Association Between Conception Risk and Prejudice," Carlee Beth Hawkins, a University of Chicago Booth School of Business doctoral student, and her co-authors were unable to find any evidence that there is an increase in racial bias related to conception risk.
Tax cuts for ordinary Americans boost economic growth and create jobs, while tax breaks for the rich do little to help the economy.
The American Academy of Arts and Sciences has elected Matthew Gentzkow of the University of Chicago Booth School of Business as one of its 197 new Fellows, who are chosen because of their roles as “thinkers and doers."
When consumers expect higher inflation ahead, they become more willing to spend on the spot, according to new research from the University of Chicago Booth School of Business.
A new study by University of Chicago Booth School of Business Assistant Professor Elena Belavina, INSEAD Professor of Sustainable Development Karan Girotra and INSEAD Ph.D. candidate Ashish Kabra found that it is possible for cities to increase ridership without spending more money on bikes or docking points—simply by redesigning the network.
A new study by University of Chicago Booth School of Business Professor Nicholas Epley and Ph.D. candidate Juliana Schroeder found that when hypothetical employers and professional recruiters listened to or read job candidates' job qualifications, they rated the candidates as more competent, thoughtful and intelligent when they heard the pitch than when they read it.
Through a series of surveys, the researchers determined that people with less time or money to spare are better able to focus on what the purchase might be worth to them.
In many cases, entrepreneurs aren’t corporate misfits, but just the opposite, according to new research from the University of Chicago Booth School of Business.
Bank employees are not more dishonest than employees in other industries. However, the business culture in the banking industry implicitly favors dishonest behavior, according to a new economic study.
In a pair of new papers, University of Chicago Booth School of Business Professor John R. Birge, along with Ingmar Ritzenhofen and Professor Stefan Spinler of the WHU-Otto Beisheim School of Management (Germany) have quantitatively analyzed the effects of various schemes to support renewable energy generation and, consequently, to reduce carbon emissions and end fossil fuel dependence.
In 2011, Egyptians found power in numbers in their Tahrir Square protests — leading to the eventual downfall of the ruling regime, and in the near-term cutting off beneficial relationships between the government and favored companies.
Five University of Chicago Booth School of Business students have been recognized for their academic achievement and leadership by being named 2015 Siebel Scholars. Lee Ettleman, Ali Khachan, Solomon Lee, Anna Pione and Neha Poddar were among the 83 winners this year.
Using loan level data matched to consumer credit records, researchers have been able to determine that a reduction in mortgage payments of as little as $150 a month spurred a reduction in mortgage defaults and an increase in consumer spending (particularly the financing of automobile purchases), while improving household credit ratings.
In "The Motivating-Uncertainty Effect: Uncertainty Increases Resource Investment in the Process of Reward Pursuit," Professors Ayelet Fishbach and Christopher K. Hsee of the University of Chicago Booth School of Business and Luxi Shen of the University of Hong Kong compared the time, money and effort that people put into wining a certain reward versus an uncertain reward, and found that the uncertain reward was more motivating.
Though many consumers look to the price tag when determining quality, they may not get what they paid for, according to new research from the University of Chicago Booth School of Business.
In their paper, "Labor Market Fluidity and Economic Performance," the authors trace the long-term decline of fluidity to several factors, including a shift away from younger businesses, a loss of entrepreneurial dynamism, an aging workforce, and policy developments that discourage worker and job reallocation.
A recent Thomson Reuters report named Chicago Booth as the number one business school in the world in terms of influential thinkers on its faculty. Thomson Reuters compiled the list to answer, "Who are some of the best and brightest scientific minds of our time?" The agency uses 11 years of citation data to find those whose published research had the greatest impact in their field.
Pope Francis I is changing centuries of Church practice by decisively detaching accused prelates from their positions rather than waiting years, or even decades, for determinations of guilt, and University of Chicago Booth School of Business Professor Luigi Zingales believes he is setting an example that companies across the globe should follow.
The effects of discrimination are long-lasting, both for the aggressor and the persecuted — passed through the years, consciously or not. Previous research has shown a striking historical persistence of anti-Semitic views, and, according to new research from the University of Chicago Booth School of Business, areas in which Jewish people historically were persecuted have lower stock market participation today.
Jonathan Dingel, an assistant professor of economics at the University of Chicago Booth School of Business, has received the 2014 World Trade Organization Essay Award for Young Economists.
We see art more as a person than an object, according to new research from the University of Chicago Booth School of Business. And in some cases, we make distinctions between artworks — say, an exact replica of a piece created by the artist, versus one created by a different artist. Art, in other words, is an extension of the creator, write Professor Daniel M. Bartels of Chicago Booth, and Professor George E. Newman and Rosanna K. Smith, a doctoral student, both of Yale University School of Management.
New research finds that for many goods, the most important factor in pricing is whether the countries use different currencies.
Michael Weber, assistant professor of Finance and Neubauer Family Faculty Fellow at the University of Chicago Booth School of Business, received two awards from the European Finance Association at its 41st annual meeting in Switzerland.
Matthew Gentzkow, Amit Seru and Amir Sufi, all University of Chicago Booth School of Business professors, have been chosen by Finance & Development, the International Monetary Fund’s quarterly magazine, for its Generation Next ranking, which lists 25 economists younger than 45 who are shaping how people think about the global economy.
The University of Chicago Booth School of Business has expanded its reach and brought its campuses in Chicago, Hong Kong and London closer together through the use of a high-definition video learning facility.
Completing tasks and crossing them off the ubiquitous “to-do” list is a great feeling. But what about those nagging tasks we keep putting off? What’s the difference between those jobs that get completed and those that do not? The answer may be our perception of time, according to new research by Yanping Tu, a doctoral candidate at the University of Chicago’s Booth School of Business.
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