Generative artificial intelligence has set off a tremendous amount of excitement, speculation, and anxiety thanks to its ability to convincingly mimic human work, including human writing. Although a ...

It is a bit difficult to say what criteria should be used to judge the success or failure of a research initiative on the scale of merging psychology and economics. Two reasonable criteria, at least ...

Thirty years ago, job seekers paged through newspaper ads, made cold calls, or approached strangers at corporate networking events. Today, online applications and social networking platforms like ...

The revolution that’s been happening in financial services is right in your pocket: the phone that you pull out when the check arrives after a restaurant dinner with friends. Until relatively recently ...

Accounting for the costs of climate change is an increasing focus globally. In 2024, the United States alone had 27 “confirmed weather/climate disaster events with losses exceeding $1 billion each,” ...

Knowledge may be power, but information can also be overwhelming. Decision-makers often have access to so much potentially relevant data that they must choose what to ignore. Economists call this ...

Why are some countries rich and others poor? It’s among the most important questions in economics—in all the social sciences—and one at the heart of the work for which MIT’s Daron Acemoglu and Simon ...

When the price of goods and services increases faster than the size of your paycheck, you’ll have less money in your pocket. That’s a main reason workers are so concerned about inflation, even if ...

US vice president Kamala Harris took on price gouging as a significant part of her presidential campaign’s economic policy platform, promising if elected to call for “the first-ever federal ban on ...

Drug price caps are meant to bring an array of benefits for patients and healthcare systems—improved access to essential and life-saving medicines, better public health outcomes, and reduced financial ...

To appreciate the edge that artificial intelligence can bring to the financial markets, it’s worth understanding how fast the technological landscape has changed for investors. It has been propelled ...

It’s been seven years since US president Donald Trump took to a Washington, DC, podium to sing the praises of a tax bill, soon to become the Tax Cuts and Jobs Act of 2017—better known to many as the ...