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Finance

Can AI Replace Human Debt Collectors?‌

New research co-authored by Yale SOM Professor James Choi finds that people are less likely to follow through on a commitment to repay a debt if it’s made to an AI agent. The finding hints at one area where humans may always retain an advantage over bots.

An robot talking to the debtor on the phone
  • Who Will Finance the AI Revolution? ‌‌

    Deployment of AI is accelerating exponentially, and the nascent industry requires unprecedented investment to grow. We spoke to two Yale College alums and leaders at Goldman Sachs about where the capital to support an AI transition is coming from.‌

    A data center
  • Podcast
    Season 1
    Episode 2
    Duration 23:07

    How Finance Shapes Your World with Song Ma

    Finance isn’t just about making bets on stocks and bonds. It’s a technology that, at its best, opens up the world for commerce and discovery, and allows us to share risk and plan for the future. Prof. Song Ma, an expert in the economics of entrepreneurship, shares lessons from his course Finance and Society, which traces the innumerable ways finance powers modern life.

    Lessons from Yale SOM written on a chalkboard
  • Video: Can the Tools of Finance Help Combat Climate Change?

    Yale SOM’s Stefano Giglio, an expert on climate finance, explains what green investing can and can’t do to help speed the transition to a post-carbon economy.

    An illustration of an investor standing in a flooded street
  • Has Inflation Been Tamed?‌‌

    We asked Prof. William English to explain the Fed’s approach to interest rates and the potential consequences of tariffs and budget cuts. ‌‌

    Eggs for sale  in Monterey Park, California, in February. 
  • The Key Information Hiding Behind ‘Consensus’ Target Stock Prices‌

    Ordinary investors generally can only see an average of analysts’ target prices for a given stock. In a new study, Yale SOM’s Thomas Steffen and Frank Zhang find that when the degree of variation within that “consensus” figure is large, it’s a bad sign for future returns. ‌

    A target surrounded by darts
  • Small Changes, Big Results: Research-Backed Tips for Living a Good Life in 2025‌‌

    We asked Yale SOM faculty for their best tips on living happily, healthily, and productively in the new year.‌

    Ripples on water in the sun
  • Our Most-Read Stories of 2024

    This year, faculty and alumni experts helped us understand issues including the expanding role of AI in our society, the new space economy, the impact of gender in the workplace, the keys to financing a greener economy, and the psychological quirks that lead us toward irrational economic choices.

    A collage of artwork from multiple articles
  • Investors Care About ESG-Related News—When It Impacts Returns‌

    A new paper co-authored by Professor Edward Watts examines how retail investors weigh news about a public company’s environmental, social, and governance activity.

    A carbon removal plant in Reykjavik, Iceland
  • Settling the Debate on Whether Green Investing Pays ‌‌

    In a new study, Yale SOM’s Theis Jensen and his co-authors find that the return from green investments relative to brown ones is slightly negative—which is actually good news for the planet.

    A scale weighing climate-friendly investments against polluting ones
  • Swings in Building Permits Can Help Predict Financial Downturns‌

    Yale SOM’s Cameron LaPoint and his co-author painstakingly assembled a century of local building permits. Again and again, they found, peaks in the issuing of permits preceded periods of economic turmoil. ‌

    A home under construction in the Verona at Lake Las Vegas subdivision in Henderson, Nevada, in June 2024.