Business Prognosticators Keep Getting It Wrong
Yale SOM’s Jeffrey Sonnenfeld explains the mistakes that analysts and forecasters make while trying to predict the future.
Gig Workers Value their Flexibility... a Lot
Using extensive data on Uber drivers, Yale SOM’s Judith Chevalier and her co-authors examined their driving patterns to understand the economic value of flexible scheduling. They found that rideshare drivers would have to earn as much as double to accept less-flexible arrangements.
Three Questions: Prof. Andrew Metrick on What Makes a Good Pick for the Fed
President Trump recently announced his intention to appoint two well-known conservative figures—Stephen Moore and Herman Cain—to the Federal Reserve Board of Governors. We asked Prof. Andrew Metrick about the qualities of an effective Fed governor.
Activist Shareholders May Help Firms in the Long Term
Do activist shareholders choose quick profits over long-term health? Yale SOM’s Song Ma and his collaborators find evidence that their interventions boost innovation.
Is Cryptocurrency Really a New Idea?
Bitcoin meshes digital technology with an approach to money that predates the development of cash and coin, according to Yale SOM’s William Goetzmann.
Study Explores What Investors Are Really Thinking
Academic theories explaining which factors affect individual investment decisions abound, but few studies have involved asking people about the issue directly.
Three Questions: Prof. William B. English on Markets and the Fed
We asked William B. English, a Yale faculty member and former Fed official, about how the Fed should respond to recent ups and downs in the stock market.
Will Machine Learning Transform Finance?
Charles Elkan, Goldman Sachs’ global head of machine learning, on the technology can extract value from the natural resource that is defining this century—data.
The Housing Boom Is Already Gigantic. How Long Can It Last?
The best explanation for why prices go up, Yale's Robert Shiller writes, may be that we expect them to—until we don’t.
Janet Yellen Worries the Fed May Not Have the Tools to Fight the Next Downturn
The former Federal Reserve chair discusses what the Fed can do to help stabilize the economy and get it turned around when rate cuts aren’t enough.
Are We Asking Too Much of Central Banks?
Paul Tucker, a former deputy governor of the Bank of England, says that giving central bankers too much power can lead to dangerous unintended consequences.