Claim OwnershipChicago Booth Review Podcast
Subscribed: 139Played: 2,065
Subscribe
© 2023
Description
The Chicago Booth Review Podcast is the audio companion to CBR's coverage of the latest academic research in business, policy, and markets. Each week we dig into CBR articles and videos to examine a different topic in depth, from inflation to artificial intelligence. Join host and CBR editor-in-chief Hal Weitzman for groundbreaking research, explained in a clear and straightforward way.
154 Episodes
Reverse
Do you have both a credit-card balance and a savings account? Would you use your savings to pay down your credit-card balance if it would save you money on fees? Chicago Booth's Abigail Sussman talks about her research that suggests that about one in five people holds a credit-card balance and a savings account, which effectively means they are paying to borrow their own money. What would it take to change their behavior?
Getting into the venture-capital industry is hard. So how can you plan to break in if you don't have the relevant experience? Chicago Booth's Scott Meadow shares his advice for becoming a venture capitalist.
The stereotypical good negotiator is tough, assertive and dominant. When we think of those traits, we may well think of certain stereotypical kind of people who we think fit with that—and who doesn't fit. So how do people respond differently depending on who they think they're negotiating with? Chicago Booth's Erika Kirgios tells us about her research on stereotypes and negotiation in the used-car market.
In recent decades, US pension and endowment funds have increasingly allocated funds to alternative investments such as private equity and venture capital. Will those investments pay off? Chicago Booth's Joe Pagliari tells us about his research on real-estate private-equity funds, and explains his concerns that they may not generate the returns that they expected to earn.
The US supermarket business is cut-throat, but amid it all Trader Joe's has been able to carve a distinct role. Chicago Booth's Ram Shivakumar explains how it has thrived, and what it tells us about business strategy in a highly competitive market.
Schools are trying to restrict or at least identify the use of AI, and colleges are attempting to catch students who cut and paste generated text to use in their assignments. How effective are the tools they're using? Chicago Booth's Brian Jabarian about his research on AI detection tools. Jabarian points out that it's not just education that's affected, but also the reviews that drive consumer purchases. So can online tools help you detect if that restaurant review was written by ChatGPT?
New York, LA, Chicago, Boston and other big US cities have traditionally been a good bet for real-estate investors. But that view is changing. Chicago Booth's Joe Pagliari explains why those traditional markets are riskier investments, and why more and more real-estate investors are looking at cities such as Atlanta, Dallas, Denver and Houston.
For the 30 years leading up to the COVID pandemic, productivity in US restaurants was essentially flat. Since the pandemic, restaurant productivity has soared—because of the rise of take-out and delivery. Chicago Booth's Chad Syverson about his research into the restaurant productivity boom. How has take-out and delivery transformed the economics of the food industry?
Critics of social welfare programs often talk about how payments can disincentivize work. But is that always the case? Chicago Booth's Rebecca Dizon Ross talks about her research on how parents of disabled children think about the social safety net and investing in their kids' human capital. Could giving them better information help shape their thinking and behavior?
It's a cliché for organizations to say that their people are their most important asset, but how important is the person at the top? Can we measure the impact of a CEO or a manager? Chicago Booth's Mike Gibbs gives us a survey of economic research on leadership and management. How much of a difference does a good leader make? And why do "manager-types" so often struggle when they get promoted to leadership roles?
Economics is all around us. At least, that's what Chicago Booth's Ram Shivakumar believes, and he's on a mission to demonstrate that economics is not about numbers or theoretical models, but is at play in many everyday decisions, like whether to order a pizza, where to buy it from and what toppings to get. If economics isn't about numbers, what is it about?
A warmer world is here. Now what? Listen to Shocked, from the University of Chicago's Institute for Climate and Sustainable Growth, and hear journalist Amy Harder and economist Michael Greenstone share new ways of thinking about climate change and cutting-edge solutions: https://lnk.to/shockedpodcast!boothreview
In the west, we are more likely to choose our friends and dropping them is relatively easily done. In other cultures, people tend to stick with the same social network for their whole lives. But does the ability to choose and to drop your friends make you happier? Chicago Booth's Thomas Talhelm tells us about his research on social circles and happiness. Why do friendships endure more in Japan than in the US? Who's happier? And how important is happiness anyway?
Most companies talks about the importance of innovation and collaboration, but the connection tends to be more of a hunch than a demonstrable fact. So can we measure whether collaboration really produces better ideas? Chicago Booth's Mike Gibbs talks about his research on social networks and innovation. Does having a bigger network make you more likely to come up with new and better ideas? And how has remote work affected networking and innovation?
Would you work if you weren't being paid for it? Social media is full of people criticizing companies for exploiting interns and prospective hires by underpaying or not paying them. Is that a universal feeling, or does it reflect western values and attitudes that aren't replicated elsewhere in the world? Chicago Booth's Thomas Talhelm talks about his research on what motivates people around the world to work.
The median home price in the US in 1970 was approximately $23,400, less than 2.5 times the median family income at the time of about $9,870. By last year, the median home price was more than $400,000, about 5 times the median family income of about $80,000. No surprise that people are warning about a housing affordability crisis. To what extent is that driven by the increasing cost of building homes? Chicago Booth's Chad Syverson talks about his research on the weak link between building costs and home prices. What's really behind the price increases in residential real estate?
Have you had an AI job interview? Would you prefer to be interviewed by AI than by a human? And how would you expect AI interviewers to perform compared to their human counterparts? Chicago Booth's Brian Jabarian talks about his research on AI interviews. Will they make human-to-human job interviews a thing of the past?
One way health policymakers can get people to exercise more is to pay them. But should we pay greater amounts to people who exercise more, and smaller sums to those who do less? Rebecca Dizon Ross tells us about her research on personalizing incentive payments to try to encourage exercise. Does getting people to choose their own exercise targets and financial compensation encourage them to walk more?
AI is untrustworthy. It hallucinates, making up information or extrapolating by itself. That might make it frustrating to use, but could it prove more of a feature than a bug? Chicago Booth's Veronika Ročková uses statistical methods that exploit the randomness in AI responses to improve medical diagnoses, and even to classify galaxies more efficiently.
Technology is typically thought of as driving humans apart. But could it be used to promote a sense of empathy with others? Chicago Booth's Alex Imas tells us about an experiment he ran using an immersive virtual-reality installation. Virtual reality, Imas reckons, could be used to help us relate to other people in real life.
Comments
Download from Google Play
Download from App Store
United States