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  • What We Talk about When We Talk about Stock Market Crashes

    Yale SOM’s Robert Shiller examines how the stock market rise of the 1920s, the crash of 1929, and the Great Depression that followed came to be seen as a tale of recklessness and divine punishment.

    Messengers from brokerage houses crowd around a newspaper after the stock market crash on October 24, 1929. Photo: by Eddie Jackson/NY Daily News Archive via Getty Images.
  • Three Questions: Prof. Jacob Hacker on Tax Rates for the Rich 

    A recently published book argues that the richest Americans now pay lower tax rates than any other income group. We asked Yale political scientist Jacob Hacker to explain how this situation developed and why it’s proved politically difficult to raise taxes on the rich.

    A cartoon of a map with a huge bag of money
  • Researchers Propose New Method to Hedge against the Risk of Climate Disaster

    Markets could be a huge part of mitigating climate risk. A proposal from Yale finance faculty seeks to make that a reality.

    Firefighters battling the Getty fire in the Brentwood Heights neighborhood of Los Angeles on October 28, 2019. Photo: Brian van der Brug/Los Angeles Times via Getty Images.
  • A Few Seconds of Speech Sparks Class Bias in Hiring

    New research by Yale SOM’s Michael Kraus shows that people can accurately assess a stranger’s socioeconomic position based on brief speech patterns and that these snap perceptions influence hiring managers in ways that favor job applicants from higher social classes.

    A green pear with a green speech bubble and a red apple with a red speech bubble
  • For a Path to a Decarbonized Economy, Look to the States

    Robert Klee, a lecturer at Yale and the former commissioner of the Connecticut Department of Energy and Environmental Protection, says that state-level approaches to the climate crisis provide a roadmap for a 10-year, trillion-dollar effort to put the U.S. on a path to decarbonization.

    A solar panel linked to a Tesla Powerwall in Monkton, Vermont. Photo: Ian Thomas Jansen-Lonnquist/Bloomberg via Getty Images.
  • To Prevent Financial Crises, Regulate Short-Term Debt

    Yale SOM’s Gary Gorton argues that financial crises happen because short-term lending, while essential to the economy, is also vulnerable to panic when parties lose confidence in each other. In a new paper, Gorton proposes a method of regulating short-term debt and preventing future crises.

    A run on the National Penny Bank in London in 1888. Image: Universal History Archive/Universal Images Group via Getty Images.
  • Can Antitrust Enforcement Protect Digital Consumers?

    More and more of our economic and social lives are being conducted through digital channels. Economist Fiona Scott Morton talks about how effective antitrust regulation and enforcement can ensure that consumers benefit from the next killer app.

    New York City subway riders using smartphones
  • Three Questions: Prof. David Bach on the NBA’s China Dilemma

    We talked with Yale SOM Deputy Dean David Bach, an expert on business-government relations and global markets, about how world-spanning organizations should navigate conflicting values in key markets.

    Houston Rockets star James Harden with young fans during a visit to China in 2016.
  • When the School Mascot Is a Native American Stereotype  

    Researchers led by Yale SOM’s Michael Kraus and psychology doctoral student Xanni Brown found that a university community’s acceptance of a racist symbol affects students’ sense of belonging and may decrease willingness to donate in the future.

    A protest before a Washington Redskins-Minnesota Vikings football game in Minneapolis in 2014. Photo: Hannah Foslien/Getty Images.
  • A Decision Analysis Approach Points to Better Diagnosis of Prostate Cancer 

    A new study led by Yale SOM’s Arthur J. Swersey, using decision analysis techniques, finds that increasing the number of biopsy needles and using probability modeling to analyze the results can help prevent unnecessary treatment while identifying dangerous cancers.

    A micrograph showing prostatic acinar adenocarcinoma, the most common form of prostate cancer. Photo: Nephron/Wikimedia.