April 3, 2018
Research co-authored by Prof. Christopher Palmer in Sloan found that loan rates vary substantially, even when two borrowers are relatively similar, due primarily to the variations in the lender’s markup. “You would never get away with this if you were selling milk,” Palmer told Jo Craven McGinty of The Wall Street Journal. “It would be the same price for everyone.”
Writing for Forbes, Joseph Coughlin, director of the MIT AgeLab, examines the increasing influence of AI in our lives. Coughlin concludes that in the absence of a human alternative, brief interactions could change our perception of an AI system from “a simple tool that ‘does stuff’ around the house, to a presence that is a real part of our social self.”
Quartz reporter Maria Thomas writes that MIT researchers found there is a lack of upward mobility available to Indian men born to fathers in the bottom of the socioeconomic distribution. The researchers found that the imbalance is the result of a “substantial rise in upward mobility for the historically-marginalised scheduled castes (SCs) and scheduled tribes (STs)… and a substantial decline for Muslims.”
Boston Globe reporter Dugan Arnett spotlights MechE senior Alex Hattori, a six-time national yo-yo champion. Hattori, who was originally inspired to attend MIT so that he could take a course where students design and build yo-yos, explains that he doesn’t think he’ll ever stop competing. “I love yo-yoing as much as I did the first day,” he says.
New Scientist reporter Will Gater writes that the TESS satellite has found its first two exoplanets. “This is one of the first objects we looked at,” says MIT postdoctoral fellow Chelsea Huang of the discovery of an exoplanet about 60 light years away. “We were immediately saying ‘hey this is too good to be true!’”
New York Times reporter Dennis Overbye writes about how the TESS satellite has already identified at least 73 stars that might have exoplanets. “TESS is doing great,” says George Ricker, a senior research scientist at MIT who is leading the TESS mission. Ricker adds that the satellite is, “all that we could have wished for!”
The TESS satellite has identified two new exoplanets, reports Joey Roulette for Reuters. “We will have to wait and see what else TESS discovers,” says Prof. Sara Seager, who is serving as the TESS deputy science director. “We do know that planets are out there, littering the night sky, just waiting to be found.”