MIT researchers have found that few incentives exist to encourage research on disease prevention, reports Austin Frakt for The New York Times. “R & D on cancer prevention and treatment of early-stage cancer is very socially valuable,” Profs. Heidi Williams and Ben Roin explain, “yet our work shows that society provides private firms…surprisingly few incentives.”
CNBC’s John Schoen writes that MIT researchers have identified a group of consumers that repeatedly buy unpopular products. "You might have thought this was a category-specific effect — someone who buys the wrong makeup," explains Prof. Catherine Tucker. "But the strongest effects were going across category.”
MIT researchers have found that certain consumers are more prone to buying products that end up failing, reports Peter Coy for Bloomberg Business. “It's not just that certain people try out new products that turn out to be unsuccessful,” writes Coy. “It's that they keep going back for more of them.”
Prof. David Singer weighs in on the Federal Reserve’s decision to raise its target interest rate in this article for The Conversation. Singer writes that, “a less appreciated facet of liftoff is that the Fed’s balance sheet is now so large that raising interest rates is logistically and mechanically challenging.”
A study conducted by Prof. Esther Duflo found that when women were offered financial support through livestock and educational training, they were able to climb out of poverty, according to The Economist. “Seven years after the programme began their average monthly consumption was almost one-third higher than it had been after two years.”
A new study from MIT’s Industrial Performance Center finds that while Massachusetts is successfully launching and growing new startups, the state has a shortage of “super-scale” companies, reports Hiawatha Bray for BetaBoston. Bray explains that the report “calls for public- and private-sector efforts to foster the development of bigger businesses in the Bay State.”
MIT researchers have developed an algorithm that can predict household income in urban areas based off of Google Street View images, writes Bourree Lam for The Atlantic. The algorithm "explains 77 percent of the variation in income at the block-group level,” explains graduate student Nikhil Naik.
A new report details the entrepreneurial impact of MIT’s alumni entrepreneurs, reports Hiawatha Bray for BetaBoston. “We’re seeing a more rapid rate of growth than we have ever seen before,” explains Prof. Edward Roberts, in the “growth in the formation and startup of new companies by MIT alumni.”
Alumna Michelle K. Lee, director of the United States Patent and Trademark Office, writes for USA Today about the need for women to pursue STEM careers. “The lack of gender parity is not just a social issue, it is an economic imperative,” Lee writes. “We need to get more girls into STEM education, and we need to empower more women in STEM professions.”
Washington Post reporter Jim Tankersley writes about a new MIT study that found trade may not help countries cope with climate-induced agricultural problems. The researchers found countries needed the “ability to substitute new crops for the ones that don’t grow as well under climate change.”
Jeff Guo of The Washington Post reports on Prof. David Autor’s research examining the academic achievement gap between boys and girls. “It’s well known that young women have surpassed young men in schooling but what struck us was that these gaps vary so much across race and socioeconomic status,” says Autor.
Samie Al-Achrafi writes for The Huffington Post about Senior Lecturer Otto Scharmer’s new book “Leading From the Emerging Future,” which examines the structural issues that lead to repeated economic mistakes.
In an article for the New York Times, Claire Cain Miller highlights Prof. David Autor’s research that indicates that disadvantages early in life cause more issues for boys than girls. “Boys particularly seem to benefit more from being in a married household or committed household,” says Autor.
In an article for The New York Times, Eduardo Porter highlights Prof. Abhijit Banerjee’s new study that found that cash transfer programs aimed at assisting people living in poverty do not discourage people from working. Prof. Banerjee explains that when it comes to welfare, “Ideology is much more pervasive than the facts.”
Prof. Daron Acemoglu discusses the work of Angus Deaton, who won the 2015 Nobel Prize in Economics, with Washington Post reporter Ana Swanson. “I think his understanding of how the world worked at the micro level made him extremely suspicious of these get-rich-quick schemes that some people peddled at the development level,” says Acemoglu.