Financial Times reporter John Authers highlights Prof. Andrew Lo’s work examining how human aversion to risk impacts financial decisions. Lo’s research provides evidence that “investors in markets will take risk-averse actions rather than the purely rational decisions that economists have classically assumed."
David Slocum of Forbes lists “The Second Machine Age” by Prof. Erik Brynjolfsson and Dr. Andrew McAfee as one of the best creative leadership books of the year. Brynjolfsson and McAfee, “explore the forces reinventing fields as diverse as medicine, retail, and transportation and having far-ranging implications for creative collaboration, business leadership and policy-making alike.”
Susan Adams writes for Forbes about research coauthored by Dr. Sara Ellison that indicates that single-sex teams are less productive than their co-ed counterparts. “The authors say their research shows that switching from a single-sex group to a co-ed team could increase revenues by a whopping 41%,” Adams writes.
Richard Eisenberg of Forbes speaks with Professor Ofer Sharone about his research and tips for white-collar job seekers. “Meeting with people face to face who you worked with in the past and can vouch for your abilities can help you overcome some of the barriers built into the hiring process,” says Sharone.
Washington Post reporter Jeff Guo examines new findings from MIT graduate student Manasi Deshpande concerning how the Supplemental Security Income influences a person’s decision to work. Deshpande found that people who were on disability as children “do not have great work prospects as adults,” but parents of disabled children” do have excess capacity to work.”
Professors Erik Brynjolfsson and David Autor speak with Claire Cain Miller of The New York Times about how artificial intelligence is impacting the job market. “This is the biggest challenge of our society for the next decade,” says Brynjolfsson.
Research by Dr. Sara Fisher Ellison indicates that co-ed teams are more productive, but have lower job satisfaction, writes Rachel Emma Silverman for The Wall Street Journal. “The researchers posit that shifting an all-female or all-male team to a coed one would increase revenues by 41%.”
Wall Street Journal reporter Rachel Emma Silverman writes about Prof. Eric So’s research showing that when companies delay earnings announcements they often have bad news to report. “The predictive power of calendar revisions is really striking,” says Dr. So. “Investors should really pay attention.”
Financial Times reporter John Thornhill speaks with MIT alumnus and former British foreign secretary David Miliband about his work with the International Rescue Committee, life in New York City and the European Union.
USA Today reporter Matt Krantz examines new research by MIT Visiting Professor Lily Fang showing that stock prices typically fall following long school vacations. “The after holiday effect is largely negative because it’s the bad news that gets largely missed during school breaks,” writes Krantz.
Wall Street Journal reporter Chris Gay profiles several books examining the financial crisis, highlighting Prof. Simon Johnson’s book “13 Bankers.” In the book Johnson and his co-author, “trace two centuries of government attempts to grapple with the power of big finance,” Gay writes.
The Abdul Latif Jameel Poverty Action Lab (J-PAL) has been named to Bloomberg Businessweek’s list of The 85 Most Disruptive Ideas in Our History. Bloomberg’s Mark Littman explains that J-PAL has “changed the way economists approach development issues.”
In a piece for Fortune, Ryan Feit writes about the importance of education in a labor market where automation is becoming increasingly pervasive, highlighting Prof. David Autor’s research on income inequality and education.
Professor Mildred Dresselhaus speaks with NPR’s Audie Cornish about receiving the Presidential Medal of Freedom. Cornish explains that Dresselhaus got her nickname, the Queen of Carbon, based on her work with carbon, which “paved the way for the rise of nanotechnology.”
Two MIT seniors and alumnus Noam Angrist have been named Rhodes Scholars, reports Dave Collins for the Associated Press. “It’s a total dream come true,” says Angrist. “The skills I will get at (Oxford) are just incredible, and I’ll come back into the world fully equipped to do what I love to do.”