A string of Republican-led states have pulled funds from firms that use environmental, social, and governance criteria in making investments. We asked Yale SOM’s Todd Cort what the political backlash means for the future of ESG investing.
In a new paper, Tobias Moskowitz of Yale SOM finds that the sports betting market exhibits pricing patterns also seen in the stock market—suggesting that both may be subject to human irrationality.
Researchers have generally believed that as large institutional investors make bigger trades, their trading costs rise accordingly. Research from Yale SOM’s Tobias Moskowitz finds that they take a slow-and-steady approach to keep costs down and outsmart market predators.