CNN reporter Katie Pisa spotlights alumnus Obinna Ukwuani’s dedication to opening a STEM school in Nigeria. Ukwuani says he was inspired by his time in Nigeria after years of studying in the U.S. "In the U.S., if you work hard, you'll be fine in this life. So I had that moment where I knew I wanted to improve things in Nigeria."
Charles Duxbury and Mike Bird write for The Wall Street Journal that Prof. Bengt Holmström is one of the recipients of the 2016 Nobel Prize in economics. Holmström was honored, in part, for developing a model that examines “how pay should be linked to performance and how an optimal contract carefully weighs risks against incentives.”
Prof. Bengt Holmström received the Nobel Prize in economics for his research on contract theory, writes Chris Giles for the Financial Times. Holmström, who said he was “dazed … very surprised and very happy” about winning the award, found “an optimal contract should link payments to outcomes that reveal the performance of either party to a contract.”
Lisa Mullins of WBUR’s All Things Considered speaks with Prof. Bengt Holmström about winning the Nobel Prize in economics for his work examining how contracts motivate and affect people’s behavior. Holmström explains, “incentives are not just about paying people, it is also about job design.”
Graduate student Alice Nasto speaks with Cynthia Graber of Scientific American about her research designing a material inspired by the fur that keeps beavers and sea otters warm. Nasto explains that the fur "evolved to trap air, and this air provides a layer of insulation for them in water.”
Prof. Bengt Holmström and Harvard Prof. Oliver Hart were awarded the Noel Prize in economics for their work on how to design better contracts, Deirdre Fernandes and Hiawatha Bray report for The Boston Globe. “Bengt and Oliver’s research has not only helped us to better understand incentives and institutions, it has helped us design better ones,” explains Prof. James Poterba.
Jeff Guo writes for The Washington Post about Prof. Bengt Holmström, one of the recipients of this year’s Nobel Prize in economics. “It’s just such a richly deserved prize,” said Glenn Ellison, head of MIT’s economics department. “Bengt’s work is outstanding both for answering really important questions, and for how beautifully crafted it is mathematically.”
Associated Press reporter Karl Ritter writes that Prof. Bengt Holmström has been honored with the Nobel Prize in economics. ‘‘I certainly did not expect it, at least at this time, so I was very surprised and very happy, of course,’’ Holmström said.
Prof. Bengt Holmström won the Nobel Economics Prize for his work on contract theory, Daniel Dickson and Ross Kerber report for Reuters. "This theory has really been incredibly important, not just for economics, but also for other social sciences," said Prof. Per Stromberg, a member of the prize committee.
Michael Rosenwald of The Washington Post writes about John Urschel, an MIT graduate student and Baltimore Ravens offensive lineman, and his love for math and football. “I’m living an amazing quality of life. I get to play football. I get to play math. I get to play chess,” Urschel says.
A paper co-authored by Prof. Amy Finkelstein finds that “pet health care in the United States has exhibited growth, accessibility, and end-of-life spending patterns that almost directly mirror patterns in the American human health-care system,” writes Vann R. Newkirk II for The Atlantic.
Erandi Palihakkara writes for The Huffington Post about the MIT Inclusive Innovation Competition (IIC), which honored companies focused on how technology can help workers across all income levels. “The goal of the IIC is to identify organizations that are harnessing digital innovations to create shared prosperity,” explains Prof. Erik Brynjolfsson.
In an article for U.S. News & World Report exploring MOOC-based credential options, Jordan Friedman highlights the MITx MicroMasters program in supply chain management. “Students who earn the MicroMasters can, if admitted, apply their credential to MIT's supply chain management master's program,” writes Friedman.
CSAIL researchers have a developed a system that can predict human emotions by using wireless signals to monitor breathing and heartbeats, writes Edd Gent in a Scientific American article. "The idea is that you can enable machines to recognize our emotions so they can interact with us at much deeper levels," says graduate student Fadel Adib.
MIT researchers have developed a new technique to stop the spread of cancer cells through the body by delivering microRNAs to the site of the primary tumor, reports Hallie Smith for Boston Magazine. The technique “may correct gene disruptions that put a patient at risk of metastatic cancer,” Smith explains.