May 16, 2018
Bloomberg’s Noah Smith profiles Prof. Parag Pathak, who was recently awarded the John Bates Clark medal for his work using economic theory to improve the allocation of students to New York City public schools. “Pathak isn’t just a theorist,” writes Smith, “in keeping with economics’ age of data, he also does a lot of empirical work.”
Seb Murray writes for the Financial Times about the increasing importance of business plan competitions, like the MIT Launch competition. Prof. Bill Aulet, managing director of the Martin Trust Center for MIT Entrepreneurship, stresses that winning a competition doesn’t guarantee success if winners “self-delude themselves into thinking they no longer need to evolve their business plans.”
Research Specialist Hillary Abraham speaks with Wall Street Journal reporter Adrienne Roberts about a new AgeLab study examining why car dealers often have trouble explaining a car’s advanced safety technology. “Ultimately, it seemed to come down to lack of training, high turnover and the expectation of more work post-sale,” Abraham explains.
Elise Takahama writes for The Boston Globe that MIT researchers have developed a new technique to create “xenoproteins,” manmade proteins that could be used to battle infectious diseases like Ebola. Unlike drugs developed with natural proteins, the xenoproteins, “are more stable, easier to administer, and manufactured more quickly,” Takahama explains.
Prof. Erik Brynjolfsson discusses the lack of economic measurement of free web services on the BBC World Service podcast, Tech Tent. The ability to measure the impact of technological advances might help us “understand that the last 10 years had not been as bad as we thought for our incomes,” explains BBC presenter Rory Cellan-Jones.
Ucare.ai, which was cofounded by MIT alumnus Neal Liu, is applying AI to the healthcare system in an effort to better serve “patients, health providers and those who pay the bills,” writes Jon Russell for TechCrunch. The company uses “deep learning and neural network algorithms” to predict patterns in an effort to “reduce preventable hospitalization, and, in turn, save on costs and hassles.”
The Transiting Exoplanet Survey Satellite (TESS) took its first picture of the stars as it moved toward its final orbit, reports Brooks Hays of United Press International. “The plethora of stars in the image -- at least 2,000 of them -- showcases the broad perspective provided by TESS's four cameras,” writes Hays.