Bloomberg Businessweek reporter Arianne Cohen spotlights Prof. Andrew Lo’s research examining adaptive markets. Cohen explains that, “Lo’s hypothesis says people act in their own self-interest but frequently make mistakes, figure out where they’ve erred, and change their behaviors. The broader system also adapts.”
Prof. Pierre Azoulay discusses with Bloomberg reporter Peter Coy his research on how new ideas gain traction in science. “Azoulay found that the death of a star scientist is like the fall of a huge tree. It lets sunshine reach the forest floor through a hole in the leaf canopy, enabling new kinds of vegetation to flourish,” explains Coy.
Miro Kazakoff and Kara Blackburn, lecturers in the Sloan School of Management, have surveyed incoming MBA students for a glimpse at future workplace communication trends, reports Sophia Eppolito for The Boston Globe. “What we wanted to do in creating the survey was to get a sense of people who are just coming out of the workplace right now and seeking further training,” Kazakoff explains.
In this Wall Street Journal article, senior MIT Sloan lecturer Robert Pozen and Prof. S.P. Kothari explain the causes of inflated executive pay. As a solution, Pozen and Kothari write that compensation committees should, “be required to disclose the revenues and market capitalizations of the peers they select.”
Renée Richardson Gosline, a senior lecturer in the Sloan School of Management, writes for WBUR’s Cognoscenti about whether it is a good idea to integrate artificial intelligence in all aspects of the online shopping experience. People often “outsource decisions and tasks to technology based on the assumption that it will improve your performance,” explains Gosline.
New Scientist reporter Aylin Woodward writes MIT researchers used the MIT Bitcoin Project, which provided freshman access to bitcoin, as an opportunity to examine early-adoption behaviors. The study shows that if you make “early adopters feel special…their resulting enthusiasm seems to help technology go viral.”
The Economist reviews Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee’s latest book, which examines how new digital technologies will impact businesses. Brynjolfsson and McAfee, “believe that the latest phase of computers and the internet have created three shifts in how work happens.”
Randall Stross of The Wall Street Journal examines the latest book by Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee, which explores technologies shaping the future of business. Stross writes that the, “authors present a splendid tutorial on things that are too new for most civilians to have gained a good understanding of—cryptocurrencies like Bitcoin, distributed ledgers, and smart contracts.”
In an article for Bloomberg, Peter Coy examines Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee’s latest book, which examines how smart machines might be integrated into the businesses of the future. Coy explains that the book is written for, “executives and entrepreneurs trying to make their way in this brave new world of driverless cars and hackathons.”
Prof. Erik Brynjolfsson and Principal Research Scientist Andrew McAfee speak with Tom Ashbrook of On Point about their new book, “Machine, Platform, Crowd.” Speaking about how much decision-making machines could be handling in the future, Brynjolfsson explains that “instead of having us humans try to tell the machines exactly what needs to be done, machines are learning on their own.”
Tom Buerkle of Reuters writes about “Adaptive Markets: Financial Evolution at the Speed of Thought,” a new book written by Prof. Andrew Lo, which argues that it is possible for investors to beat the market. Markets seem unpredictable because traders are human and “make decisions using short cuts” rather than weighing all options, explains Buerkle.
In an article for The Epoch Times, Emel Akpan highlights how The Engine is focused on supporting startups in fields that require time and patient capital. “We have a focus on tough tech,” explains Katie Rae, CEO and president of The Engine. “We think that’s where the resources are limited. But the opportunities can have a lot of impact.”
MIT was named the top university in the world for the sixth consecutive year in the QS World University Rankings, reports Kyle Scott Clauss for Boston Magazine.
Writing for The Wall Street Journal about businesses investing in green power, Brian Baskin highlights how MIT joined forces with two Boston-based organizations to buy power from a solar farm in North Carolina. “We saw it as an opportunity where we could set an example,” says Joe Higgins, MIT's director of infrastructure business operations.
The Sloan School of Management was honored in the Financial Times’ annual executive education rankings. Laurent Ortmans and Patricia Nilsson note that nearly half of the participants in Sloan’s executive education program “had an MBA, double the average for all ranked schools. Nearly two-thirds of students worked at partner level or higher compared with an average of 36 per cent.”