For many decades, the Pentagon has bought most of its equipment from five big defense contractors: Lockheed Martin, RTX, Northrop Grumman, Boeing, and General Dynamics. Is all that about to change? www.chicagobooth.edu/review/podca...

Can Anduril Disrupt the US Defense Industry?

Chicago Booth’s Marc Knez talks about whether a tech startup can lead to cheaper and more effective systems for the military.

chicagobooth.edu

This paper revisits one of the most influential strands of evidence linking CSR to financial performance. The authors find no consistent evidence that investors systematically revalue firms following the passage of CSR shareholder resolutions. spkl.io/633287zWn0 #CSR #ESG

In theory, cash allows benefit recipients to optimize their spending. Over several decades, economists have sought to understand and explain why, then, the policy preference for restricted benefits. www.chicagobooth.edu/review/do-pe...

Do People Really Use Benefits to Buy Drugs?

Vouchers and cash transfers lead to different spending patterns.

chicagobooth.edu

We recently polled our US Economic Experts Panel on Defense Spending. The confidence-weighted answer to the 1st question is as follows: kentclarkcenter.org/surveys/defe...

How can economics improve health care? Led by @gottliebecon.bsky.social and @profnoto.bsky.social, the BFI Health Economics Initiative brings together UChicago scholars to study the policies, markets, and behaviors that shape health care. bfi.uchicago.edu/initiative/h...

Health Economics Initiative | Becker Friedman Institute

Description The US and countries around the world are spending a substantial and rising share of income on health care. The care that is delivered today and the innovation available tomorrow are drive...

bfi.uchicago.edu

"The panel was most certain that AI will create uncertainty." www.chicagobooth.edu/review/even-... #econsky

Even Economists Aren’t Sure What AI Will Do to the Job Market

Despite widespread predictions of increased unemployment, experts are uncertain how and where jobs will be affected.

chicagobooth.edu

"Probably the highest-stakes place this might matter is the courtroom, where recorded evidence from body cams, surveillance footage, and cellphones gets replayed for jurors." www.chicagobooth.edu/review/rewat...

Rewatching Videos Can Lead to the Replay Illusion

A Q&A with Chicago Booth’s Kristin Donnelly about our tendency to confuse replay with repetition.

chicagobooth.edu

Children's health holds steady after aging out of Peru's Cuna Más childcare program, but mothers reported significantly higher rates of depression. New research co-authored by NORC’s Angelo Cozzubo points to a need for transitional support for caretakers. View the full study: go.norc.org/4fsySXz

Motherly Care: The Impacts of Exiting a Childcare Program on Child and Maternal Health

We investigate the unintended impacts of exiting Peru’s Cuna Más public childcare program on child and maternal health. With increased public childcare use in developing countries, understanding th...

doi.org

Do audits make companies perform better, or do effective managers choose to get audited? www.chicagobooth.edu/review/podca...

Do Better Accountants Improve Productivity?

Chicago Booth’s Michael Minnis talks about his research on auditing and productivity.

chicagobooth.edu

"Delegate to AI only the tasks and skills you are willing to lose." www.chicagobooth.edu/review/would...

Would You Send Your Robot to the Gym?

When using AI, don’t neglect your leadership skills.

chicagobooth.edu

In this Monday edition of "On Global Markets" @duncanweldon.bsky.social looks into the Fed's approach to the balance sheet: kentclarkcenter.org/the-feds-new...

The Fed’s New Approach: The Balance Sheet - Clark Center Forum

The Fed has a larger balance sheet than was once the case. Dramatically so, as the chart below makes clear.

kentclarkcenter.org

The largest companies accounted for nearly half the market value of large-cap growth stocks at the end of 2024, pushing funds closer to diversification limits. www.chicagobooth.edu/review/hidde... #econsky

The Hidden Cost of the Magnificent Seven

How market concentration can hurt fund performance.

chicagobooth.edu

Could the US transit system be tweaked to make everyone better off? www.chicagobooth.edu/review/podca...

Why Do Buses Run Empty?

Chicago Booth’s Milena Almagro talks about her research on public transit.

chicagobooth.edu

As technology reshapes consumer behavior and expectations, Tran’s findings suggest there’s time and opportunity for retailers to react and adjust thoughtfully and steadily. www.chicagobooth.edu/review/how-s...

How Stores Could Survive the ‘Retail Apocalypse’

A study of the rise of e-commerce offers some clues.

chicagobooth.edu

Survey costs are rising and response rates are declining. So, what actually gets people to participate? A new NORC innovation brief tests six incentive strategies and shares what works, what doesn't, and what it means for survey design. View the findings: go.norc.org/4yLg4ue

UChicago's Center for Applied AI wrote up a little study I helped with. Check it out! How AI can make fundraising more effective. @chicagoboothreview.bsky.social www.chicagobooth.edu/research/cen...

Who’s asking? Using the 'Right' Voice in AI Fundraising

<span>Requests for help have always come from people. Thomas Talhelm's research asks what happens when it doesn't, and finds that the old rules of persuasion flip entirely.</span>

chicagobooth.edu

In this episode of The In-House Ethicist, Booth's John Paul Rollert looks at some of the central claims of Friedman’s essay and situates it against the backdrop of the Cold War and fears about creeping socialism. www.chicagobooth.edu/review/ihe-p...

CEOs, You Can Forget About Milton Friedman

John Paul Rollert looks at Friedman&rsquo;s&nbsp;famous argument against corporate social responsibility.

chicagobooth.edu

US labour productivity has accelerated since 2022. Although a natural conclusion would be that AI has raised production efficiency, S Boyle, J Fernald, & H Li show that it more intense use of labour and capital already in place that accounts for the acceleration. cepr.org/voxeu/column... #EconSky

We recently polled our Finance Experts Panel on the New Fed Chair. The confidence-weighted answer to the 2nd question is as follows: kentclarkcenter.org/surveys/new-...

Americans’ self-reported rates of happiness plummeted during COVID and haven’t recovered since. Will they ever? www.chicagobooth.edu/review/podca... #econsky

Will We Recover from the ‘Happiness Crash’?

Chicago Booth&rsquo;s Sam Peltzman talks about the decline in&nbsp;Americans&rsquo; self-reported rates of happiness.

chicagobooth.edu

The leadership perception gap 👤 A survey finds that leaders consistently gave themselves higher marks than their direct reports gave them. This disconnect could make AI integration more difficult. www.chicagobooth.edu/review/ai-le...

As small children most of us are permanently curious and never stop asking why, but older children are more likely to avoid certain information. Why is that, and is our ignorance helping or harming us? www.chicagobooth.edu/review/podca...

When Should You Choose to Be Ignorant?

Chicago Booth&rsquo;s Jane L. Risen talks about why we sometimes choose to avoid information.

chicagobooth.edu

The research finds that auto sales rebounded more strongly in zip codes where households received more fiscal support (from stimulus-check and Child Tax Credit payments) than in zip codes where they received smaller transfers. www.chicagobooth.edu/review/how-m... #econsky

"Some management teams spend most of their time looking at slide decks rather than seeing business in action." www.chicagobooth.edu/review/what-...

What Empty Shelves Can Teach You About Strategy

Making good strategic decisions requires getting familiar with the places those decisions play out.

chicagobooth.edu

“This result is striking,” the researchers write, “as it suggests the direct and hybrid implementations of the LLMs are generating email copy that is approximately as effective as the team of human writers.” www.chicagobooth.edu/review/ai-is... #ai

AI Is Coming for the Marketing Department

Artificial intelligence proved itself as capable as copywriters in creating marketing emails about wine.

chicagobooth.edu

Why do wars continue when they are so costly? On NPR, Prof. Christopher Blattman, author of the book Why We Fight, explains the incentives that can drive conflict, from leaders insulated from the costs of war to uncertainty, misperceptions, and commitment problems. https://har.rs/4p3VGQq

If wars are so costly, why do we keep fighting them?

We dig into current conflicts to understand the incentives that lead countries into violence, and what keeps them stretching on and on.

har.rs

How are Americans using federal data? A new NORC study finds nearly 1 in 10 U.S. adults are regular users, from tracking neighborhood crime rates, to monitoring inflation to fact-checking arguments. Find out more: go.norc.org/44aU8KW

We recently polled our US Economic Experts Panel on The UK and Europe. The confidence-weighted answer to the 1st question is as follows: kentclarkcenter.org/surveys/the-...

What happens when thousands of people submit public comments urging stronger climate action from bank regulators...and most of them don't move the needle? Researchers from @ChicagoBooth used AI to open the black box of climate policy rulemaking—the findings are striking.

“Once we account for intangibles, our estimate of a firm’s productivity will change as we see more of the inputs.” www.chicagobooth.edu/review/nvidi...

Nvidia’s Most Valuable Asset Is Not on Its Balance Sheet

Ignoring intangible capital can skew productivity and growth figures.

chicagobooth.edu