In the News 2017

WHY EVER STOP PLAYING VIDEO GAMES

February 22, 2017 | New York Magazine

In June, Erik Hurst, a professor at the University of Chicago’s Booth School of Business, delivered a graduation address and later wrote an essay in which he publicized statistics showing that, compared with the beginning of the millennium, working-class men in their 20s were on average working four hours less per week and playing video games for three hours.

Policy making in India is like driving at 60 miles an hour on the highway: Raghuram Rajan

February 22, 2017 | Economic Times

During his stint as the Reserve Bank of India governor, Raghuram Rajan often found himself in the headlines. But after stepping down from the role and returning to academic life, he has judiciously stayed away from the media.

After April’s March for Science, what next for anti-Trump scientists?

February 22, 2017 | The Guardian

Writing on Italy’s experiences with Silvio Berlusconi, Luigi Zingales of the University of Chicago, argues that it is important to take the Trump Administration’s policy proposals seriously and to engage them substantively if they are to be effectively opposed or shaped.

I’ll Have What She’s Having: Shared Plates, Experiences Can Lead to Love

February 14, 2017 | WTTW

Ayelet Fishbach, University of Chicago Jeffrey Breckenridge Keller professor of behavioral science and marketing, joins us to talk about how applying a few principles learned from behavioral research can improve our relationships – romantic and otherwise.

Guess who inspired Raghuram Rajan to become an economist?

February 14, 2017 | The Economic Times

When Raghuram Rajan stepped down as the Reserve Bank of India’s governor in September last year, he left a gift for his successor — the gift of silence, to allow the new governor time and space to give voice to his ideas.

Why Falling Home Prices Could Be a Good Thing

February 10, 2017 | The New York Times

According to a recent paper by the economists Chang-Tai Hsieh, from the University of Chicago’s Booth School of Business, and Enrico Moretti, from the University of California, Berkeley, local land-use regulations reduce the United States’ economic output by as much as $1.5 trillion a year, or about 10 percent lower than it could be.

Why Eating The Same Food Increases People's Trust And Cooperation

February 2, 2017 | NPR

When you eat together, one thing that happens is that you're usually eating the same food as the other person. I was talking to Ayelet Fishbach at the University of Chicago. She told me that food has symbolic meaning all around the world.

Dashed Expectations Power White Anger

February 1, 2017 | NPR

To see why, take a look at the Financial Trust Index. A University of Chicago Booth School of Business team, headed by Paola Sapienza and Luigi Zingales, tracks how much people trust various economic entities -- banks, the stock market, mutual funds and large corporations.

Chicago Booth Professors Discuss Top Economic Challenges Facing the New President

January 31, 2017 | The Huffington Post

Early this year, University of Chicago Booth School of Business professors Amir Sufi, Marianne Bertrand, and Randall S. Kroszner convened at the New York Hilton Midtown to talk about the top economic challenges facing Donald Trump, the current President of the United States.

Geopolitical risks are no surprise: Ex-RBI chief Rajan

January 26, 2017 | Asian Review

For Raghuram Rajan, India's former rock star central banker, geopolitical risk is the primary worry in today's world. He ranks it ahead of a possible trade war and rising interest rates as reasons to lose sleep.

Kroszner: Trump to Reform, Not Deregulate Banks

January 26, 2017 | Bloomberg

Randall Kroszner, professor of economics at University of Chicago Booth School of Business, looks at U.S. President Donald Trump's ability to affect change on bank regulations and discusses concerns of a Chinese banking crisis.

Taiwan's sluggish economy 'on the brink of death', says economist

January 24, 2017 | The Straits Times

"The economy is facing a major crisis... it's on the brink of death... and while the economy is growing - slowly - workers' pay is still as stagnant as ever," said University of Chicago economist Hsieh Chang-tai.

Nobody Knows Why Markets Like Trump

January 23, 2017 | Bloomberg

To be sure, a booming stock market and a weak economy are not necessarily mutually exclusive. Investors could simply be expecting policies such as tax reform and deregulation to boost corporate profits, with little regard for the broader effect on growth. At least that's how economists interpreted the market's optimism in a recent poll by the Chicago Booth Business School.

CAN BEHAVIORAL SCIENCE HELP IN FLINT?

January 23, 2017 | The New Yorker

But, for all the field’s potential, its advances seemed mostly to have served the private sector. (And there they often veered toward sly consumer coercion.) A prominent exception was the “nudge,” a notion advanced by the legal scholar Cass R. Sunstein, now at Harvard Law School, and the University of Chicago behavioral economist Richard Thaler, in their 2008 best-seller “Nudge: Improving Decisions About Health, Wealth, and Happiness.”

Why mobile customers are better off under democratic govts

January 21, 2017 | Live Mint

A recent paper by Mara Faccio and Luigi Zingales, professors of finance at Purdue and Chicago universities, shows that government intervention in telecom markets is a common phenomenon in most countries.

For Donald Trump, Challenges Lurk in a Sturdy Economy

January 19, 2017 | The Wall Street Journal

Some economists say such intervention may be savvy politics but make markets less efficient. “We would expect such behavior from a dictator of a banana republic, not from the president-elect of the oldest democracy in the world,” said Luigi Zingales, a finance professor at the University of Chicago Booth School of Business.

How College Football Brings in Big Money for University Research

January 19, 2017 | Chicago Magazine

One of my favorite new data sets that illustrates this is in a recent working paper co-written by the University of Chicago’s Thomas Wollmann, an economist who works at its Booth School of Business. It correlates 40 college football teams’ performance in the AP poll (a weekly measure of how good the teams are compared to others) over 14 years with their colleges’ success in raising research funding (via this great dataviz roundup).

Trump's sponsorship strategy creates a climate of fear

January 19, 2017 | Welt.de

(Translated) Five years ago, Luigi Zingales predicted the victory of Donald Trump. But his colleagues just laughed. How did Zingales, a professor at the prestigious University of Chicago, come up with the idea? Perhaps because he is an economist - he argued that the weak economic growth encouraged the rise of populists.

3 MBA Admissions Trends You Need to Know for 2017

January 19, 2017 | Business Because

In many cases, schools like Harvard Business School are asking only a single MBA essay question. Some schools, like Chicago Booth, have gone even further in setting aside the traditional essay question for an alternate format.

US-China trade war could get ugly pretty fast: Rajan

January 16, 2017 | CNBC

Raghuram Rajan at The University of Chicago Booth School of Business talks about the prospects of a trade war and central bank independence.

Why these economists say the usual explanation for the financial crisis is wrong

January 16, 2017 | The Washington Post

Mian and a colleague, Amir Sufi at the University of Chicago, have argued that banks, confident they had a way to manage the risks, disproportionately increased lending to poor borrowers. To make their monthly payments, these households began skimping on other expenses, slowing the pace of economic activity overall.

Fed Tightening Eases Stimulus Pressure Globally, Rajan Says

January 3, 2017 | Bloomberg

The Federal Reserve’s plan to further withdraw support for the U.S. economy will ease pressure on other major central banks to keep up their own “aggressive” monetary stimulus, former Reserve Bank of India Governor Raghuram Rajan said.

Face time with strangers can boost economy

January 1, 2017 | The Sydney Morning Herald

But research by Nicholas Epley, of the University of Chicago's Booth School of Business, and Juliana Schroeder, of the University of California, Berkeley's Haas School of Business, shows our instincts are wrong.