Anxious Leaders 'Make Better Decisions'
Forbes - Jan 30, 2015 - Cass R. Sunstein is the law professor who with economist Richard Thaler introduced the world to “nudge”, a concept that they say shows how governments and other organizations can encourage individuals to make better decisions. ... Now back in academe, Sunstein is still thinking about how people make decisions and with a new co-author, Reid Hastie, a professor of behavioral science at the University of Chicago, has published a book that claims to challenge the notion that decisions made by groups are better than those made by people on their own.
How Small-Business Owners Can Avoid Burnout
Wall Street Journal - Jan 28, 2015 - James Schrager is a clinical professor of entrepreneurship and strategic management at the University of Chicago Booth School of Business.
Crucial Questions to Ask Before Buying Into a Franchise
Wall Street Journal - Jan 27, 2015 - James Schrager is a clinical professor of entrepreneurship and strategic management at the University of Chicago Booth School of Business.
The Logic of Long Lines
The Atlantic - Jan 28, 2015 - But long lines aren't always unproductive: Some waits increase the appeal of a product. Behavioral science professor Ayelet Fishbach's research found that waiting for something increases its value, and that these increases can cause people to be more patient.
Head of India’s Central Bank Criticizes Post-Crisis Efforts
The New York Times - Jan 16, 2015 - Raghuram G. Rajan, the governor of the Reserve Bank of India, has a reputation for bluntness.
Using Smartphones and Apps to Enhance Loyalty Programs
The New York Times - Jan 28, 2015 - "All organisms, in different ways, are drawn to goals," said Oleg Urminsky, who teaches marketing research at the University of Chicago Booth School of Business. "The closer we are to achieving our goals, the more motivated we are to keep doing something. As mice on a runway get closer to a food pellet, they run faster." Similarly, he said, "as people get closer to having a completed card, the time between visits gets smaller."
Go Gluten-Free With Simple Mills Baking Mixes!
CBS Los Angeles - Jan 22, 2015 - Katlin Smith is a Chicago-based entrepreneur and a current University of Chicago MBA student who just wanted to feel better.
You don’t like what you think you like: Bad taste, manipulated choices and the new science of decision-making
Salon - Jan 19, 2015 - Excerpted from “Wiser: Getting Beyond Groupthink to Make Groups Smarter” by Cass R. Sunstein and Reid Hastie. Copyright 2015. All rights reserved.
7 Ways to Trick Yourself into Saving More Money in 2015
Time - Jan 20, 2015 - Want to make sure your good intentions aren't derailed before the month is out? The key is taking initial actions that will make repeating good habits easier, says University of Chicago economist Richard Thaler. "We tend to revert to our long-run tendencies," says Thaler. "To effect real changes, you have to make some structural change in the environment."
Consumers to retailers: Don’t ‘guilt tip’ us with iPads
MarketWatch - Jan 22, 2015 - And some studies have shown that when people are presented with three tip choices — 20%, 25% or 30%, for example – they’re more likely to choose the middle option even if it’s more than the traditional 20%, according to an analysis of 13 million New York City taxi rides by the University of Chicago’s Booth School of Business. (References research by Jean-Pierre Dubé.)
These Are the Students Good Enough to Turn Down Harvard Business School
Businessweek - Jan 28, 2015 - Hometown rivals Booth and Kellogg have both been No. 1 in Bloomberg Businessweek’s MBA rankings at various points over the years, despite different reputations and strength areas. Booth is known for rigorous focus on quantitative skills, while Kellogg touts its powerhouse marketing faculty. When admitted to both, more students pick Booth.
The Incredible Allure of Long Lines
Inc. - Jan 30, 2015 - Another study conducted by the University of Chicago's Booth School of Business and quoted in The Atlantic, which recently examined long lines, found that if customers believe what they're waiting for is worth it, they'll gladly put up with the hassle. In fact, sometimes just the act of waiting gets them jazzed up.
MEDIA OUTSIDE THE U.S.
Why Tata’s founder was ahead of his time
Financial Times - Jan 25, 2015 - Professor Sunil Kumar is dean of the University of Chicago’s Booth School of Business.
Small can be beautiful but quality is key
Financial Times - Jan 26, 2015 - AQR's team, including Tobias Moskowitz, a finance professor at Chicago Booth, found that small companies have beaten larger companies when the quality of the companies is taken into account.
European Union baulks at Greece game of chicken
The Australian - Jan 30, 2015 - Contrary to most reporting, John Cochrane, a finance professor at the University of Chicago, says Greece could default on its debts and remain in the eurozone. “If Microsoft or Indiana defaults, they don’t stop using the dollar — and the EU was set up in the same way, i.e. sovereign debt would be much like corporate debt,” he says.
The IMF can’t make up its mind
The Australian - Jan 27, 2015 - University of Chicago economist, John Cochrane, has also observed that Krugman’s economic view of the world is not taught in any major economics graduate program in the US and his work is not taken seriously at economic conferences or considered worthy for academic publication.
RBI has smoothed over investors’ feathers. But what about sarkari torpor?
The Economic Times - Jan 16, 2015 - Raghuram Rajan spent much of his professional career at the University of Chicago, where Friedman and his acolytes reigned.
Global MBA ranking countdown
The Financial Times - Jan 18, 2015 - The University of Chicago Booth School of Business ranks number four in the world for research in the 2015 ranking. The research rank is based on the number of articles published by full-time faculty members in 45 selected academic and practitioner journals between January 2012 and October 2014.
A league of their own: the top 10 MBA programmes in selected categories
Financial Times - Jan 26, 2015
Top for economics
1 University of Chicago: Booth
Top for finance
1 University of Chicago: Booth
Global MBA Ranking 2015
Financial Times - Jan 26, 2015
9 University of Chicago: Booth
Charming Investors by Playing Hard to Get
Bloomberg Businessweek - Jan 22, 2015 - David Booth, 68, built his firm around the ideas of Nobel laureate Eugene Fama, whose classes he took while earning an MBA at the University of Chicago. Fama and his research partner, Kenneth French of Dartmouth, have argued that stock price movements are unpredictable and that trying to pick securities to beat the market is pointless.
This Reinsdorf is bullish on tech
Crain's Chicago Business - Jan 23, 2015 - Like older brother Michael, Jonathan Reinsdorf graduated from the University of Arizona. He studied finance, then added a law degree from Northwestern University and an MBA from the University of Chicago.
Carnival CEO steers cruise giant in new directions
USA Today - Jan 22, 2015 - Arnold Donald went on to get his B.A. at Carleton College, a B.S. in mechanical engineering from Washington University and an MBA from the University of Chicago.
Women Tech Founders take the stage to inspire careers in technology
Chicago Tribune - Jan 28, 2015 - ZipFit founder Liz Tilatti advised attendees: "Before you start a venture, think about it a little bit." Before jumping on an idea, she said, entrepreneurs should identify their passions and evaluate business opportunities.
From MBA to CEO
Financial Times - Jan 23, 2015 - Following the appointment last year of Satya Nadella and José Antonio Álvarez to lead Microsoft and Banco Santander respectively, the University of Chicago's Booth school can also boast of six FT500 chief executives among its alumni.
Senvest Partners: Buyers On Bad News
Barron's - Jan 24, 2015 - Richard Mashaal kept making variations of the same mistake–buying stocks of popular companies–even as he picked up an M.B.A. at the University of Chicago and started work as a leveraged-buyout analyst at Dean Witter Reynolds.
Microsoft in the age of Satya Nadella
Wired - Jan 21, 2015 - Satya Nadella arrived at Microsoft in 1992 with a master’s degree in computer science from the University of Wisconsin-Milwaukee (he’d later earn an MBA from the University of Chicago).