The Huffington Post - Feb 28, 2017
Beyond the abundance of studies that reveal that happier people are healthier, married or not, a new study announced in 2016 took the information deeper. William J. Chopik from Michigan State University and Ed O’Brien from University of Chicago wanted to know if just living with a happy person could also affect a person’s health in a positive way. They realized from previous research that “social contagion” plays a big part in a person’s well-being, so they wanted to see if something similar occurred with a person’s health.
Fox Business - Feb 27, 2017
Former Chairman of the Council of Economic Advisors and University of Chicago Booth School of Business’ Austan Goolsbee discussed the potential U.S. market and economic outlook under President Trump.
Fortune - Feb 26, 2017
Videogames Vs. Unemployment: Reprint of New York Magazine article "Why Ever Stop Gaming." In June, Erik Hurst, a professor at the University of Chicago’s Booth School of Business, delivered a graduation address and later wrote an essay in which he publicized statistics showing that, compared with the beginning of the millennium, working-class men in their 20s were on average working four hours less per week and playing video games for three hours.
WBEZ 91.5 Radio - Feb 24, 2017
The beginning of the New Year is often the ideal time for people to start making changes in their lives by setting resolutions. The first two weeks start off well, but around February research has shown half of those people have not achieved their resolutions. So how do we stick to our goals beyond the first couple weeks? Morning Shift talks to Assistant Professor of Behavioral Science Hal Weitzman about setting realistic goals and successful motivational tips to complete any goals.
CNBC - Feb 21, 2017
In a reprint of a New York Times op-ed Ayelet Fishbach, professor of behavioral science and marketing at the University of Chicago Booth School of Business, writes "As a psychology professor at a business school, I have chatted with many unhappy employees. I have found that one big reason people are unhappy at work is that when they choose a job or a project, they are not aware of what will truly matter to them once they are in the midst of it."
New York Magazine Vulture - Feb 21, 2017
In June, Erik Hurst, a professor at the University of Chicago’s Booth School of Business, delivered a graduation address and later wrote an essay in which he publicized statistics showing that, compared with the beginning of the millennium, working-class men in their 20s were on average working four hours less per week and playing video games for three hours. As a demographic, they had replaced the lost work time with playtime spent gaming.
Chicago Tribune - Feb 21, 2017
France recently adopted the (AMA's "opt-out" system) policy (for organ donors), as have several other European countries. One astonishing stat: In Austria, nearly 99 percent of citizens consent to donate, behavioral economist Richard Thaler wrote in The New York Times in 2009.
Huffington Post - Feb 21, 2017
“It (Obama's economic infrastructure proposal) was the biggest subject of the transition for the economic team,” recalled University of Chicago economist Austan Goolsbee, who also served in the Obama campaign and the administration. “As transition moved [from Chicago] to Washington, there were scores of meetings over all various aspects of the stimulus pretty much every day. Each of the proto-agency teams would come up with ideas … and those ideas would be hammered out in budget meetings and principals meetings, and with the president.”
New York Times - Feb 20, 2017
Perhaps the smartest piece I’ve yet read on opposing Trump is still a November Op-Ed by Luigi Zingales, talking about the strategies that worked — and did not work — for opposing Silvio Berlusconi in Italy: Treat him like an ordinary politician, not a caricature, and don’t forget how much support he has.
Inc. - Feb 20, 2017
In a recent piece for New York Times, Ayelet Fishbach describes a study she conducted about worker happiness. The professor of behavioral science and marketing at the Booth School of Business at the University of Chicago conducted the poll with her colleague Kaitlin Woolley. The duo found people wildly underestimate how important it is to land in a job where they actually like the work and people. People tend to think a higher salary will do the trick -- even when money is not the main source of unhappiness in their current position.
Bloomberg - Feb 19, 2017
The China-Hong Kong Economic Policy Uncertainty Index stands at a record 672.82 after soaring to more than five times its average in data stretching back 22 years. The gauge tracks mentions of policy-related economic uncertainty in Hong Kong's main English-language newspaper, the South China Morning Post. It's part of a suite of trackers developed by Northwestern University’s Scott Baker, Stanford University’s Nick Bloom and Steven Davis from the University of Chicago.
Washington Post/Tucson.com/Arizona Daily Star/Lockport Journal - Feb 15, 2017
Ayelet Fishbach, a professor of behavioral science and marketing at the Booth School of Business at the University of Chicago, recently wrote in The New York Times: “To identify a satisfying job, people should be thinking about office morale and doing work that is interesting and fun. ... Add present benefits to your working hours. Listen to music, make friends and break the routine with social activities. Do whatever makes you happy at work; you can stick to your career goals longer if your work is enjoyable in the moment.”
CNBC/MarketWatch - Feb 10, 2017
Trump has yet to fill out the three-person CEA. "They've named other economic positions and created new positions while not naming the chair or any of the other members of the CEA — that's clearly a signal" Austan Goolsbee, a University of Chicago professor and council chairman under President Barack Obama, told the Journal.
New York Magazine - Feb 8, 2017
As she detailed in a post for the New York Times, the University of Chicago’s Ayelet Fishbach found that in experiments, participants care lots about how fun their work is and how much they like their colleagues, but that gets discounted when considering a future gig, where promotions and salaries take precedence. It’s as though people forget that they’ll have to show up to the actual, real life of their tantalizing, would-be future employer. The current gig gets valued for intrinsic benefits, or rewards within the activity itself, while the future gig is evaluated by delayed benefits, like the money to be made.
Bloomberg - Feb 7, 2017
The backlash against Big Food has crept from the supermarket’s beer and coffee aisles into the chocolate aisle—a rejection of candy as commodity, its units identical and cheap. “When you have increasing concentration of producers in the center, you leave room on the periphery for specialization,” says Elizabeth G. Pontikes, associate professor at the University of Chicago’s Booth School of Business who teaches a course comparing craft chocolate and craft beer.
The Washington Post/MSN - Feb 6, 2017
The United States isn’t the only country that’s a complete basket case right now. Basically the entire world has reached record levels of political chaos and uncertainty. That’s according to the relatively little-publicized Global Economic Policy Uncertainty Index, which just hit a two-decade high. The index was constructed by Scott R. Baker, Nick Bloom and Steven J. Davis, economists at Northwestern University, Stanford University and the University of Chicago, respectively.
The Wall Street Journal - Feb 6, 2017
What might cause the stock market to perform so much better in the winters of presidential third years than in the summers of those years? The professors offer only a conjecture. They point to a 2013 University of Chicago study that created an index measuring uncertainty surrounding economic policy. That index turns out to be highest in the winter months of presidential third years, on average.
Salon - Feb 5, 2017
Nicholas Epley, a professor at University of Chicago and author of “Mindwise,” told me, “There’s a reliable bias for people to hold things that they think are true, or would like to be true, to a lower evidentiary standard than things they don’t want to be true or don’t believe are true.” If you’re pro-Clinton and you read about something anti-Trump, you’re more likely to accept it, with less (or nonexistent) evidence, than if you read something anti-Clinton, at which point your guard goes up and you think, “Oh yeah? Prove it.”
Crain's Chicago Business - February 4, 2017
"The U.S. is the biggest exporter of services in the world by far," says University of Chicago economics professor Austan Goolsbee, who chaired President Barack Obama's Council of Economic Advisers at the height of the subprime mortgage crisis. "If we start engaging in tariffs, there's a real risk of it spiraling" to other sectors—especially if Trump's industrial pump-priming drives up the value of the dollar, making our services more expensive to foreign purchasers.
Crain's Chicago Business - February 4, 2017
Intense, direct and usually clad in button-downs and khakis or jeans, Glen Tullman exudes the personality traits of top CEOs: talent, charisma, enthusiasm and, most important of all, getting things done, says Steven Kaplan, a University of Chicago professor who studies executives' behavior...Locally, Kaplan nods to Brad Keywell, half the team that founded Groupon. Keywell and Tullman teamed up to invest in startup Zest Health, which in 2014 brought on its first customers, including Presence Health, the largest Catholic hospital network in Illinois.
CNN - Feb 3, 2017
"It makes me nervous. Hopefully we won't have another 2008, but tearing up the rules of the road is not a good start," Austan Goolsbee, an economics professor at the University of Chicago who was a top economic adviser to former President Obama, told CNN.
Chicago Sun-Times - February 3, 2017
In an op-ed, Anuj Shah, associate professor of behavioral science at the University of Chicago Booth School of Business, and his colleague write, "After a year in Chicago as violent as 2016, we naturally wonder how to prevent it from continuing, and that begins with trying to understand why there were so many shootings and murders in the first place. We know most of the gun violence is concentrated among young people on the south and west sides, but it is hard to find a clear cause. Often, seemingly small slights and minor conflicts escalate to the point that someone pulls a trigger. Why?"
NPR - Feb 2, 2017
All over the world, people say they make friends by "breaking bread together." Social science research explores why sitting down to eat together makes people feel closer. NPR Host David Greene speaks with Ayelet Fishbach at the University of Chicago.
Bloomberg - Feb 1, 2017
Plenty of evidence showed that Trump voters weren’t doing worse, economically speaking, than those who voted for Hillary Clinton. But that might not be the whole story. To see why, take a look at the Financial Trust Index. A University of Chicago Booth School of Business team, headed by Paola Sapienza and Luigi Zingales, tracks how much people trust various economic entities -- banks, the stock market, mutual funds and large corporations. As you might expect, poor people tend to have less trust in the economy than do the wealthy.
The Financial Times - Feb 26, 2017
In the 1980s, Bruce Rigal had studied for an MBA at Chicago Booth. For Mr Rigal, life-long access to unlimited coaching offered by the business school was invaluable as he decided how and whether to re-enter education...Chris Lecatsas-Lyus, director of career management for Chicago Booth in Europe, is a psychotherapist and career coach. Alongside colleagues in Chicago and Hong Kong, she offers coaching to alumni facing career dilemmas at the business school’s three global campuses and for any age up to retirement — even beyond, in some cases.
Livemint - Feb 24, 2017
A recent National Bureau of Economic Research working paper by Lubos Pastor and Pietro Veronesi from Chicago Booth School of Business shows that stock market returns in the US are much higher when a Democrat is in the White House.
Economic Times - Feb 22, 2017
During his stint as the Reserve Bank of India governor, Raghuram Rajan often found himself in the headlines. But after stepping down from the role and returning to academic life, he has judiciously stayed away from the media. He finally relented, granting an interview to the Chicago Booth media team, which was published on the university's website last month.
The Guardian - Feb 22, 2017
Writing in the New York Times on Italy’s experiences with Silvio Berlusconi, Luigi Zingales of the University of Chicago, argues that it is important to take the Trump Administration’s policy proposals seriously and to engage them substantively if they are to be effectively opposed or shaped.
Livemint - Feb 20, 2017
Reprint of Bloomberg article. The China-Hong Kong Economic Policy Uncertainty Index stands at a record 672.82 after soaring to more than five times its average in data stretching back 22 years. The gauge tracks mentions of policy-related economic uncertainty in Hong Kong's main English-language newspaper, the South China Morning Post. It's part of a suite of trackers developed by Northwestern University’s Scott Baker, Stanford University’s Nick Bloom and Steven Davis from the University of Chicago.
China.com.cn - Feb 20, 2017
(translated) China.com.cn, a news platform governed by CIPG (China International Publishing Group), reposted an article discussing the economic condition in Taiwan. In the article, a speech of Chang Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics and PCL Faculty Scholar at Chicago Booth, was quoted, in which he pointed out that the current industry policy of Taiwan would do nothing to boost the economy. In his point of view, to confront with serious economic crisis, Taiwan should lay more emphasis on the service industry rather than manufacturing industry.
Economic Times - Feb 14, 2017
When Raghuram Rajan stepped down as the Reserve Bank of India’s governor in September last year, he left a gift for his successor — the gift of silence, to allow the new governor time and space to give voice to his ideas. Rajan has stayed away from the press since. He, however, made an exception recently for the media team at Chicago Booth, where he is currently teaching.
DP.ru - Feb 13, 2017
(translated) In an op-ed for DP, Ayelet Fishbach, a professor at Chicago Booth at the University of Chicago, writes, "If employees receive an immediate reward in the form of daily endorsement or confirmation that their work is important and significant, it increases the likelihood that they will be able to achieve long-term goals at work."
DNA India - Feb 11, 2017
Former Reserve Bank of India Governor Raghuram Rajan stepped down from his post when his first term came to an end because he was opposed to demonetization, former Finance Minister P Chidambaram said on Friday. Rajan is back in Chicago, and is now the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.
Sohu.com - Feb 9, 2017
(translated) Sohu.com posted an article discussing the importance of interpersonal relations in the pursuit of success, in which the research conducted by Professor Ronald S. Burt from Chicago Booth was mentioned.
Times Now/Daily News & Analysis/Times of India- Feb 7, 2017
Rajan was governor of the Reserve Bank of India from 2013 to September 2016. His tenure was marked by both bouquets and brickbats but saw severe criticism from some political quarters towards the end, including personal attacks...He is currently Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, which he joined in 1991.
NDTV - Feb 8, 2017
Having returned to academia after a controversy-ridden stint at the RBI, former Governor Raghuram Rajan feels "great to be back" riding his bike in Chicago and hopes to "do it as long as" he can. "Taking my bike out and riding the bike path along Lake Shore Drive, that's one of the great experiences in my life. And I hope to do it as long as I can. It's great to be back," Mr Rajan said in an interview with the media team of the University of Chicago Booth School of Business.
Business Insider India/Livemint/The Economic Times/BusinessStandard/MoneyControl/India/Business Today/Quartz - Feb 7, 2017
Policymaking is like going 60 miles per hour with the rain pattering on your windshield with no idea what is in front of you, according to former governor of the Reserve Bank of India Raghuram Rajan. In one of his first public interactions after relinquishing his RBI post, the Katherine Dusak Miller Distinguished Service Professor of Finance at the Booth School of Business, University of Chicago, told the varsity’s media relations wing that he was looking forward to his days in academia where “you can spend four days in a room, sit looking at a piece of paper and struggling with a thought that refuses to come out".
Xinhuanet.com/China.org.cn - Feb 5, 2017
Luigi Zingales, an Italian-born economist now with the University of Chicago, has said the departure of the lira was because it took place as globalization started washing over Europe. Now, experts say, a switch back to the lira would be difficult and painful, with few benefits.
CNBC Asia - Feb 1, 2017
Austan Goolsbee, former chairman of the Council of Economic Advisers, weighs in on President Trump's protectionist approach to trade.
WGN Radio - Feb 27, 2017
Tom Ricketts is the Chairman of the World Series Champion Chicago Cubs. A longtime fan of the team, he led his family’s acquisition of the franchise from the Tribune Company in 2009...Ricketts has an AB in Economics and an MBA in Finance from the University of Chicago. He was named the Business School’s Young Alumnus of the Year in 2005
Chicago Tribune - Feb 23, 2017
In the last few years, it's become less common for a person to enter a company right out of college, learn the business from the inside and ultimately rise to the top position. But Morningstar's new chief executive, Kunal Kapoor, bucked the changing trend. Founded by Joseph Mansueto in 1984, Morningstar taught do-it-yourself investors and advisers how to invest and how to pick solid mutual funds and later stocks, exchange-traded funds and other investments successfully...Kapoor, who considers Mansueto his mentor, joined Morningstar as a data analyst and earned his MBA from the University of Chicago while working at the company.
Financial Times - Feb 23, 2017
David Booth, the disciple of efficient markets theorist Eugene Fama who founded Dimensional Fund Advisors in 1981, is stepping back from day-to-day management of the company...Mr Booth was a pupil of Mr Fama at Chicago University and helped create one of the first index funds while at Wells Fargo, before setting up DFA. Mr Fama is a consultant and board director at the company to this day.
Chicago Tribune - Feb 9, 2017
When Curt Bradshaw began serving in the public school arena with District 204, his daughter was a baby and his son was 3 years old. A dozen years later, Grace is a middle schooler, Noah is in high school, and Bradshaw been with the Illinois State Board of Education for four years. The Naperville resident said it was time to give up public service and spend more with his family. Bradshaw, who works in the investment management industry and earned his MBA from the University of Chicago, cut his teeth in public education as a District 204 school board member.
Crain's Chicago Business - Feb 9, 2017
Jennifer Fried is an accidental entrepreneur. After three years at Bain Consulting and some time in venture capital, she thought her next step would be becoming an investor in health care startups. Instead she's the CEO of her own med-tech startup. Her company, ExplORer Surgical, has created a software program that guides the activities of everybody in the operating room during a surgical procedure...Five years after receiving an undergraduate degree in economics from Northwestern University in 2010, Fried, now 28, earned an MBA from the University of Chicago Booth School of Business, where she concentrated on finance and entrepreneurship and health care. In 2015 Fried, Langerman and fellow MBA student, Dr. Marko Rojnica, came in second at the Booth New Venture Challenge, yielding $50,000 in capital.
GQ Russia - Feb 7, 2017
(translated) Alumnus Mikhail Volkov says of attending Chicago Booth, "If not for the MBA from the Chicago Graduate School of Business, I would never have gotten into insurance. During the training, I became friends with the man who brought me here. Business education helps to manage, but it is not a panacea. A third of all MBA - this is the name of the university where you study, one-third - useful links, and only a third - knowledge.
Crain's Chicago Business - Feb 3, 2017
Jim Bodman is chairman and CEO of Vienna Beef, a 123-year-old hot dog company he and business partner Jim Eisenberg bought in 1982 after hiring on 50 years ago...The University of Chicago Business School alum, now 76, lives in Northfield with much of his family within a few miles of one another. He's an avid fisherman and golfer—and brave diner.
The Atlantic - Feb 2, 2017
Claudia Goldin, a Harvard economics professor who specializes in the gender wage gap, and Lawrence Katz, an economics professor at Harvard, offered a helpful, if somewhat limited, explanation on why women are not financially benefiting from jobs in high-paying fields as much as their male classmates in their study on MBA graduates from the University of Chicago Booth School of Business, almost all of whom graduated into corporate or financial sectors. They found that, nine years after graduation, Booth School women made 37.5 percent less than Booth School men.