All Insights Articles
Wisdom of the Few? Prediction Markets Are Driven by a Small Number of Skilled Traders
A new study co-authored by Yale SOM’s Theis Jensen finds that a small group of informed traders drive prices—and take home a large portion of the profits.
Will Banning Personalized Pricing Work?
With AI making it easier for businesses to tailor prices to individual customers, Maryland recently became the first state to prohibit the use of personal data in setting prices. We asked Yale SOM economist Jidong Zhou whether such restrictions are likely to work as intended—and whether they will benefit consumers.
Over the (Very) Long Run, Stock Bubbles Are Rare
Does the rapid run-up of AI stocks portend a crash for the larger stock market? Using a unique repository of historical stock prices with Yale roots, Professor William Goetzmann and his co-authors showed that while booms are frequently followed by volatility, markets rarely give back all of their gains.
The New Fed Chair Wants Less Transparency. That’s a Mistake.
Yale SOM’s William English, a former Fed official, writes that a less communicative Fed could undermine monetary policy effectiveness, increase market volatility, and weaken democratic accountability.
Trump Has a Path Out of the Trade War. Will He Take It?
By striking down Trump’s tariff authority, write Yale SOM’s Jeffrey Sonnenfeld and co-author Steven Tian, the Supreme Court handed him a chance to retreat from a damaging trade war while claiming credit for a more effective negotiating strategy.
Solving Operational Problems Is the Real Engine of CarMax’s Success
CarMax revolutionized the used car market by implementing a fixed-price retail model. But co-founder Austin Ligon ’80 says the company’s financial success came from developing efficient back-end operations through a long-term focus on process improvement.
Why Do Moderate Voters Support Extreme Candidates?
A new study from Yale SOM’s Minjae Kim addresses why politicians benefit from projecting views that are more extreme than those of their own voters—even though voters say they want representatives who reflect their own beliefs.
A Guide to Getting Agentic AI Right
Yale’s Jeffrey Sonnenfeld and coauthors present a framework for determining when and how to effectively deploy agentic AI.
The Colorado River Is Overdrawn, and a Corporate Reckoning Is Imminent
For decades, the Colorado River has delivered less water than allocated, with shrinking reservoirs making up the difference. Yale SOM’s Todd Cort argues that companies across the West have yet to account for this imbalance.
The Real Job Destruction from AI Is Hitting Before Careers Can Start
Yale’s Jeffrey Sonnenfeld and his co-authors say that the impact of AI can be seen among recent college graduates, who are finding it harder and harder to get that first job. With no entry to the workforce, how will younger people develop the skills and wisdom to lead in the future?
