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Chicago Booth Review

@chicagoboothreview.bsky.social
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Research-driven insights on business, policy, and markets. www.chicagobooth.edu/review ✉️ 👉 www.chicagobooth.edu/review/newslet… 🎧 👉 www.chicagobooth.edu/review/podcast 🎉 👉 www.chicagobooth.edu/review/cbr-at-…

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Chicago Booth Review @chicagoboothreview.bsky.social · 01/10/2026
"When I think about authenticity, it's not just self-expression of who am I showing up in the room as. I think of it more as who am I choosing to be in a particular moment based on that context as well as my identities?" www.chicagobooth.edu/review/podca...
chicagobooth.edu
What Is the Cost of Authenticity?
Chicago Booth's Samantha Coleman talks about authenticity in leadership.
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Chicago Booth Review @chicagoboothreview.bsky.social · 30/09/2026
"But even if the job apocalypse turns out to be less severe than many fear, minimizing its effects is still necessary to maintain social solidarity, and corporations will need to be enlisted in the effort." www.chicagobooth.edu/review/how-t... #econsky
chicagobooth.edu
How Taxing AI Could Save Jobs
Advice for policymakers and large employers, who will be enlisted in minimizing job losses.
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Chicago Booth Review @chicagoboothreview.bsky.social · 29/09/2026
"People's brains are just distorted by what they are consuming every day about what the problems are and who's really rich in America." www.chicagobooth.edu/review/capit...
chicagobooth.edu
Capitalisn’t: Why Congress Protects Car Dealers More than Elon Musk
Chicago Booth's Eric Zwick discusses America's under-the-radar millionaire class and its political power.
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Chicago Booth Review @chicagoboothreview.bsky.social · 28/09/2026
The study suggests that many people view hard choices as “necessary evils.” www.chicagobooth.edu/review/some-...
chicagobooth.edu
Some Good News About Tough Decisions
Decision-makers consistently overestimate how negatively others will judge them.
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Chicago Booth Review @chicagoboothreview.bsky.social · 25/09/2026
How much do consumers care about shoppers' reviews and product photos? And can economists capture that information and turn it into data? via @giocompiani.bsky.social www.chicagobooth.edu/review/podca...
chicagobooth.edu
How Measuring “Vibe” Can Explain Consumer Choices
Chicago Booth's Giovanni Compiani talks about his research using artificial intelligence to analyze "unstructured data" such as reviews and product photos.
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 25/09/2026
In this week's "On Global Markets," @duncanweldon.bsky.social compares the recent headlines about the fears of AI to the expert's opinions: kentclarkcenter.org/ai-risks/
kentclarkcenter.org
AI Risks - Clark Center Forum
Over the last couple of weeks, AI risk seems to have gone mainstream. Social media was set abuzz when some current and former Anthropic employees noted that they genuinely believed that there was a re...
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Thomas Talhelm @thomastalhelm.bsky.social · 25/09/2026
It was fun to get the chance to explain this puzzle of collectivism (and my proposal for solving it!). 😀
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Chicago Booth Review @chicagoboothreview.bsky.social · 24/09/2026
A survey of US school principals finds that the share of teachers using AI rose sharply in just three years, but AI use outpaced any formal training in it. Both use and training were lower in more economically disadvantaged schools. www.chicagobooth.edu/review/ai-in...
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Chicago Booth Review @chicagoboothreview.bsky.social · 23/09/2026
"If you have a conflict of interest, should you be involved in crafting legislation that immediately benefits your bottom line?" www.chicagobooth.edu/review/podca... #econsky
chicagobooth.edu
How Some ‘Small Business’ Owners Profit from Politics
Chicago Booth’s Eric Zwick discusses how the wealthy bend policy to their advantage.
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Chicago Booth Review @chicagoboothreview.bsky.social · 22/09/2026
There’s a difference between what people *think* they know and what they actually know, and this shapes our decisions, research suggests. www.chicagobooth.edu/review/think...
chicagobooth.edu
Think You’re an Expert? That May Hurt You
Overconfidence leads to poorer decisions.
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Center on Budget and Policy Priorities @centeronbudget.bsky.social · 22/09/2026
People in rural communities are being hit hard by cuts to SNAP and health coverage, higher costs from tariffs, and other policies adopted by the Trump Administration and congressional Republicans. @gbenga-ajilore.bsky.social breaks down the impact: www.cbpp.org/research/eco...
cbpp.org
Trump, Congressional Republican Agenda Has Harmed Rural Communities
Policies adopted by the Trump Administration and Republicans in Congress have adversely impacted individuals and families living in rural communities.
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Chicago Booth Review @chicagoboothreview.bsky.social · 21/09/2026
University College London’s Mariana Mazzucato thinks it’s time to renegotiate. www.chicagobooth.edu/review/capit...
chicagobooth.edu
Capitalisn’t: Can Capitalism Serve the Common Good?
Economist Mariana Mazzucato makes the case for reshaping markets around the common good.
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Chicago Booth Review @chicagoboothreview.bsky.social · 18/09/2026
A 2026 study from Workday finds that 76% of employees have turned to AI instead of a human for advice. It also found that 44% chose an AI chat over a conversation with a colleague “because it completes tasks faster without challenging their ideas.” www.chicagobooth.edu/review/ai-wi... #ai
chicagobooth.edu
AI Will Make Us Even Quieter at Work. That’s Not a Good Thing.
The full value of workplace conversations is easy to overlook.
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Chicago Booth Review @chicagoboothreview.bsky.social · 16/09/2026
However, some of it makes us neither better nor smarter and adds nothing to overall economic productivity. www.chicagobooth.edu/review/hidde...
chicagobooth.edu
The Hidden Cost of Getting Noticed
Research quantifies the wasted effort people expend trying to stand out.
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Chicago Booth Review @chicagoboothreview.bsky.social · 14/09/2026
The study reveals what the researchers call “a new form of digital inequality in K–12 schools: not unequal access to AI tools, but unequal development of the policies, routines, training, and infrastructure that govern school-level use.” www.chicagobooth.edu/review/ai-in...
chicagobooth.edu
AI Inequity Is Developing in Schools
A survey indicates that policies and training are lagging in systematically problematic ways.
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Chicago Booth Review @chicagoboothreview.bsky.social · 11/09/2026
“Efficiency is not in the task; it’s in the team. It comes from people talking to each other.” When that talk is limited, jargon will do the work that more connected networks can’t. www.chicagobooth.edu/review/jargo...
chicagobooth.edu
Jargon Can Boost Performance
A shared language can reduce ambiguity and misunderstandings.
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Chicago Booth Review @chicagoboothreview.bsky.social · 10/09/2026
How do some "small business" owners profit from politics? Chicago Booth’s Eric Zwick discusses his new book (with Princeton's @omzidar.bsky.social) and how the wealthy bend policy to their advantage. www.chicagobooth.edu/review/podca...
chicagobooth.edu
How Some ‘Small Business’ Owners Profit from Politics
Chicago Booth’s Eric Zwick discusses how the wealthy bend policy to their advantage.
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Chicago Booth Review @chicagoboothreview.bsky.social · 09/09/2026
Tariffs may also reflect a desire to redistribute wealth. www.chicagobooth.edu/review/which... #econsky
chicagobooth.edu
Which Sectors Have Benefited from Tariffs?
Some cashed in on the 2018 tariffs, while others lost out.
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Chicago Booth Review @chicagoboothreview.bsky.social · 03/09/2026
"I think the story is there's a lot of optimism about the American dream not being totally dead, especially the extent to which you can achieve the American dream starting at the bottom." www.chicagobooth.edu/review/podca... #econsky
chicagobooth.edu
Who Are the Multimillionaires Among Us?
Chicago Booth’s Eric Zwick talks about the rise of an overlooked class of wealthy American.
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Chicago Booth Review @chicagoboothreview.bsky.social · 02/09/2026
The best place to look for what moves prices is in investor portfolios, the researchers argued. www.chicagobooth.edu/review/can-a...
chicagobooth.edu
Can AI Map Wall Street’s Genome?
The same architectures used to process language could shed new light on financial markets.
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Chicago Booth Review @chicagoboothreview.bsky.social · 01/09/2026
“The future is not managerless firms but AI-assisted managers,” she says. If anything, research suggests that inherently human managerial ability may become an even more important factor in driving performance in the age of AI. www.chicagobooth.edu/review/what-... #econsky #ai
chicagobooth.edu
What Leaders Can Do That Technology Can’t
Why management still matters in the age of AI.
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Chicago Booth Review @chicagoboothreview.bsky.social · 31/08/2026
The economy grows and, if you work hard, you get a fair shot at the rewards. According to MIT’s @dacemoglumit.bsky.social, a Nobel laureate, that deal is broken. www.chicagobooth.edu/review/capit...
chicagobooth.edu
Capitalisn’t: Can Liberalism Survive This Kind of Capitalism?
MIT’s Daron Acemoglu discusses why the system that delivered unprecedented freedom and prosperity abandoned the working class in favor of the college-educated elite.
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 31/08/2026
In this week's "On Global Markets," @duncanweldon.bsky.social discusses Kevin Warsh's speech at the Jackson Hole Economic Symposium: kentclarkcenter.org/clearer-comm...
kentclarkcenter.org
Clearer communications  - Clark Center Forum
On one level the much-anticipated speech of Fed Chairman Kevin Warsh at the Jackson Hole conference was not especially surprising. The key message, after all, was that with inflation remaining elevate...
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Chicago Booth Review @chicagoboothreview.bsky.social · 27/08/2026
Europe’s economic policymaking is often criticized as overly regulative and suppressive of innovation. But is Europe really losing ground to the US? via a @kentclarkcenter.bsky.social poll www.chicagobooth.edu/review/is-eu...
chicagobooth.edu
Is Europe Falling Behind the US?
An expert panel considers the relative trajectories of two economies.
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Chicago Booth Review @chicagoboothreview.bsky.social · 26/08/2026
"Like all quantities, it's subject to diminishing sensitivity. That means that the distance between one and two feels larger than the distance between 11 and 12." www.chicagobooth.edu/review/podca...
chicagobooth.edu
Does Your Brain Think Accurately About Time?
Chicago Booth’s Kristin Donnelly talks about her research on time-duration asymmetry.
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Chicago Booth Review @chicagoboothreview.bsky.social · 24/08/2026
"Think about it. What would it mean for money to have no role in determining place and opportunity?" www.chicagobooth.edu/review/ihe-p...
chicagobooth.edu
Money on My Mind
John Paul Rollert takes up the different ways money can preoccupy us.
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Chicago Booth Review @chicagoboothreview.bsky.social · 20/08/2026
How was school today? What did you have for lunch? Do parents just need better conversation starters? www.chicagobooth.edu/review/podca...
chicagobooth.edu
How Can We Have More Meaningful Conversations with Our Kids?
Ariel Kalil argues many of us have been thinking wrong about how to encourage parents to talk and read with their children.
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Chicago Booth Review @chicagoboothreview.bsky.social · 18/08/2026
The researchers identified a set of such “chosen products,” whose prices are measured more reliably, and used them to estimate overall inflation. www.chicagobooth.edu/review/build... #econsky
chicagobooth.edu
Building a Better Measure of Inflation
Research takes on the problems that plague price indexes.
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Becker Friedman Institute for Economics @beckerfriedman.bsky.social · 18/08/2026
How valuable are behavioral policies compared with traditional price incentives? New research from @johnlist.bsky.social, Matthias Rodemeier, Sutanuka Roy & Gregory K. Sun finds that nudges can generate demand responses comparable to substantial price interventions.
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Chicago Booth Review @chicagoboothreview.bsky.social · 17/08/2026
The Republican Party is often associated with free-market fundamentalism, deregulation, and tax cuts. But a new faction on the right is challenging that consensus. www.chicagobooth.edu/review/capit...
chicagobooth.edu
Capitalisn’t: A Conservative’s Attack on Neoliberalism
Chris Griswold of the think tank American Compass argues that we need to stop viewing our economy as a force of nature.
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 17/08/2026
The Future of Market Liquidity and Functioning Workshop co-hosted by the NY Fed and the Clark Center for Global Markets: tellerwindow.newyorkfed.org/2026/08/13/t...
tellerwindow.newyorkfed.org
The Future of Market Liquidity and Functioning Workshop: Preparing for a Wave of Change
NY Fed explores how clearing reforms, payment innovations, and blockchain technology will impact market liquidity and policy.
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Chicago Booth Review @chicagoboothreview.bsky.social · 14/08/2026
“It is too early to know,” wrote Aaron Edlin of the University of California at Berkeley. “Past technological innovations have not. But this time could be different.” www.chicagobooth.edu/review/even-... @kentclarkcenter.bsky.social #econsky
chicagobooth.edu
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.
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NORC at the University of Chicago @norc.org · 13/08/2026
Grocery costs are a growing worry for Americans. A new AP-NORC poll finds 41% of adults are now extremely or very concerned about affording groceries in the coming months, up from 24% in April. NORC’s Jennifer Benz breaks down the numbers with ABC News: go.norc.org/4zl5pqu
Bar chart showing percentages of adults changing grocery habits due to high prices. Categories: "Started buying generic or store brands" at 65%, "Stopped buying certain grocery items" at 60%, "Cut down on eating out in order to pay for necessities" at 62%, "Changed where you shop for groceries" at 46%.  Question: "Have you or someone in your household done any of the following recently because of higher prices?" Based on an AP-NORC poll, July 23-27, 2026, with 1,165 adults. The Associated Press and NORC at the University of Chicago logos are at the bottom left.
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 14/08/2026
In this week's "On Global Markets," @duncanweldon.bsky.social concentrates on defense spending and how US and European economists differ: kentclarkcenter.org/the-economic...
kentclarkcenter.org
The Economics of Rearming - Clark Center Forum
One consequence of the more tumultuous geopolitical environment of the 2020s has been a material rise in global defense spending, and one that looks set to continue.
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Chicago Booth Review @chicagoboothreview.bsky.social · 13/08/2026
Can technical experts become successful people managers? www.chicagobooth.edu/review/podca...
chicagobooth.edu
How Can Technical Leaders Improve Their People Skills?
Chicago Booth’s Christine Carpenter shares her insights on management and leadership.
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 12/08/2026
We recently polled our US Economic Experts Panel on Defense Spending. The confidence-weighted answer to the 3rd question is as follows: kentclarkcenter.org/surveys/defe...
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Belinda Archibong @belindaarch.bsky.social · 12/08/2026
Brilliant new paper from @oyebolaoo.bsky.social forthcoming in @aeajournals.bsky.social on the positive impacts of both making wealthy citizens aware that the government knows who they are/what their assets are and detailing penalties for tax non-compliance using evidence from Liberia #Econsky
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Chicago Booth Review @chicagoboothreview.bsky.social · 12/08/2026
A study of low-income South Carolinians finds that monthly Supplemental Security Income cash payments were associated with potentially harmful consumption of drugs and alcohol. But in-kind benefits from the SNAP didn’t produce the same effect. www.chicagobooth.edu/review/do-pe...
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SSRN @ssrn.bsky.social · 11/08/2026
This paper proposes an alternative to standard rough-volatility models, arguing that volatility's memory and scaling behavior should be modeled separately rather than being tied to the same parameter. spkl.io/633207MqUG #QuantFinance #Volatility
Figure 1: Recovery of the friction exponent α from a simulated overdamped GLE with white noise. Panel (a): the estimate against sample length N, with 95% Monte-Carlo intervals over forty independent realizations, for two ground-truth values α = 0.6 and 0.7 (dotted lines), corresponding to driver Hurst indices H = 0.1 and 0.2. The estimator is essentially unbiased at every sample length, the residual bias staying below 0.001. Panel (b): the standard deviation of the estimate falls as N−1/2 (dashed guide), so halving the error costs a fourfold increase in sample length (athermal specification, see Section 4.2 for the equilibrium case).
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NORC at the University of Chicago @norc.org · 11/08/2026
Nielsen’s ratings shape what stays on air and where ad money goes. NORC evaluated and modernized its sampling methodology with a new integrated cross-platform sample that cut costs and preserved data quality. Explore the full Innovation Brief: go.norc.org/4wsJdb7
A building facade at night reflects city lights. One window reveals an interior with warm lighting and furniture. Overlaid text reads: "Modernizing Sample Design for Nielsen. NORC’s integrated sample design for Nielsen’s TV and audio panels."A graphic detailing how NORC assisted Nielsen in modernizing panel design at scale. The bullet points mention unifying panels and sampling strategies, strengthening coverage for hard-to-reach populations, reducing costs without sacrificing data quality, and creating adaptable mixed-mode data collection designs. The NORC at the University of Chicago logo is visible at the bottom.
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Chicago Booth Review @chicagoboothreview.bsky.social · 11/08/2026
Across three experiments using different AI models, the AI-based approaches consistently generated the highest projected annual net profit. www.chicagobooth.edu/review/is-em...
chicagobooth.edu
Is Email Marketing About to Be Automated?
In one set of experiments, AI produced results on par with humans—at a fraction of the cost.
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SSRN @ssrn.bsky.social · 11/08/2026
This paper on 14,000 M&A deals finds that arbitration remains surprisingly rare: only 8.6% of merger agreements choose it. Most parties still prefer courts, particularly for complex disputes and judgment enforcement. spkl.io/633247Mq4o #MandA #Arbitration #CorporateLaw
Figure 1: Arbitration's average incidence by year; shaded region represents the  95% confidence interval
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 11/08/2026
We recently polled our Finance Experts Panel on the Tax Alpha Investment Strategies. The confidence-weighted answer to the 1st question is as follows: kentclarkcenter.org/surveys/tax-...
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NORC at the University of Chicago @norc.org · 11/08/2026
People on Medicare remained satisfied with their health care in 2023, with 94.7% reporting they were satisfied or very satisfied. Explore NORC’s Medicare Current Beneficiary Survey (MCBS) Interactives data tools, newly refreshed with 2022 and 2023 MCBS data: go.norc.org/4fVzWSw
The image is a graph and chart comparing satisfaction with care and access to care among Medicare beneficiaries in 2023. It includes a horizontal bar chart showing satisfaction levels by aspects such as general care and availability of specialists. Also present are line charts detailing satisfaction based on demographics like age groups, income, education level, and race/ethnicity.
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Chicago Booth Review @chicagoboothreview.bsky.social · 10/08/2026
To understand the financing structure beneath each investment, investors should ask five questions. www.chicagobooth.edu/review/how-w... #econsky #ai
chicagobooth.edu
How Worried Should We Be About AI Debt?
Investors should look past software to the financing of AI infrastructure.
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Clark Center for Global Markets @kentclarkcenter.bsky.social · 10/08/2026
We recently polled our European Economic Experts Panel on Defense Spending. The confidence-weighted answer to the 2nd question is as follows: kentclarkcenter.org/surveys/defe...
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Devin Lavelle @devinlavelle.bsky.social · 05/08/2026
Also interesting in today's SITN, a study from @UNC showing that expanding availability of big data is creating numerous studies with statistically significance that have little explanatory power, 50x less than in the 90s. @chicagoboothreview.bsky.social: www.chicagobooth.edu/review/how-b...
chicagobooth.edu
How Bigger Data Diminish the Value of Research to Business
The explanatory power of accounting research findings has declined enormously over the past 30 years.
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Chicago Booth Review @chicagoboothreview.bsky.social · 05/08/2026
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...
chicagobooth.edu
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.
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SSRN @ssrn.bsky.social · 04/08/2026
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
Figure A.3 Abnormal Returns on the Day of the Vote using the Flammer (2015) sample period
The vertical axis shows abnormal returns on the vote date (Carhart four-factor model). The horizontal axis shows victory margin (vote share minus the by-law majority threshold). Each dot is the average abnormal return in 2% victory-margin bins. The solid line is the predicted abnormal return from third-order polynomials estimated on each side of the threshold. The sample includes CSR resolutions identified by the CSR flag plus text analysis, 1997–2012
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Chicago Booth Review @chicagoboothreview.bsky.social · 04/08/2026
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...
chicagobooth.edu
Do People Really Use Benefits to Buy Drugs?
Vouchers and cash transfers lead to different spending patterns.
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