In the News 2025
See below for 2025 media coverage.
‘The Winner’s Curse’ review: Irrational actors
December 26, 2025 | The Wall Street Journal
In a review of the new edition of The Winner’s Curse, The Wall Street Journal writes that the book’s co-authors, Chicago Booth’s Richard Thaler and Alex Imas, “have made an enormous contribution to the field of behavioral economics.”
5 tips from ‘super agers’ on how to live a healthy life
December 25, 2025 | The Washington Post
“Happiness is better predicted by the frequency of positive experiences than it is by the intensity of them,” says Chicago Booth’s Nicholas Epley.
Once Wall Street’s high flier, private equity loses its luster
December 23, 2025 | The New York Times
The average private equity fund beat the stock market every year from 1993–2019, except during the 2008 financial crisis, according to Chicago Booth’s Steven Kaplan.
Companies are running out of ways to keep tariffs from raising prices. The hit may still be coming.
December 22, 2025 | Barron’s
According to a working paper by Chicago Booth’s Brent Neiman and Harvard’s Gita Gopinath, the overall headline rate for U.S. tariffs peaked at 32.8 percent in April and declined to 27.4 percent in September.
How to deal with bosses who think they are the smartest person in the room
December 19, 2025 | The Wall Street Journal
Chicago Booth’s Susan Lucia Annuzio offers several strategies for communicating with bosses who don’t handle disagreement well. “If you want to challenge your boss, try raising thoughtful, nonconfrontational questions that illuminate risks or unintended consequences of a plan or decision,” she writes.
Tech stocks fall over concerns about data center debt
December 18, 2025 | Marketplace
Chicago Booth’s Steven Kaplan discusses the high costs for tech companies to build AI infrastructure.
Is HR changing its stance on agentic AI?
December 18, 2025 | HR Grapevine
“It’s going to be a bumpy road ahead” for AI adoption in job interviews, says Chicago Booth’s Brian Jabarian, whose recent study found that agentic AI outperformed traditional hiring practices.
A reckoning over capitalism
December 15, 2025 | Washington Post
Chicago Booth’s Luigi Zingales discusses the misperception that Adam Smith, sometimes called the father of capitalism, believed in absolute free markets.
AI can help govt make service delivery more personalised: Prof Misra
December 12, 2025 | The New Indian Express
Agentic AI systems that can autonomously complete tasks could “significantly enhance the quality of services that the governments provide to citizens,” Chicago Booth’s Sanjog Misra said at a recent forum in India co-organized by the University of Chicago Trust.
Real humans of the Chicago Booth MBA Class of 2027
December 8, 2025 | Clear Admit
Clear Admit spotlights six members of Chicago Booth’s 2027 MBA class. “Together, these Boothies embody the school’s spirit of curiosity, intellectual depth, and interdisciplinary ambition,” the publication writes.
Could assembling Google Chromebooks come back to bite us?
December 8, 2025 | Profit
“Whenever a country promises to buy a product in order to secure a substantial investment, they become the company’s essential customer in that country,” Chicago Booth’s John Paul Rollert says of Google’s plans to build a plant in Pakistan.
Costco makes cost-saving move that might surprise members
December 8, 2025 | TheStreet
“It’s important to understand that tariffs are paid by the importer—usually a U.S.-based company,” Chicago Booth’s Chad Syverson previously told Vocal. “Those costs are then often passed down the supply chain, ultimately to consumers.”
Fed expected to cut rates despite deep divisions over US economic outlook
December 7, 2025 | Financial Times
According to a poll conducted by Chicago Booth’s Kent A. Clark Center for Global Markets and the Financial Times, 85 percent of economists expect the Federal Reserve to cut interest rates by a quarter point in December.
The choice to be interviewed by a human or AI could hurt some job candidates
December 4, 2025 | Fast Company
“An applicant’s decision to be interviewed by a human or an AI agent can reveal private information about their strengths, weaknesses, or expectations for relative performance,” Chicago Booth’s Brian Jabarian writes in a new paper.
Meet Chicago Booth’s Class of 2027
December 3, 2025 | Poets & Quants
Poets & Quants features 12 members of Chicago Booth’s 2027 MBA class who were drawn to the school’s analytical focus. “Booth’s distinctive data-driven approach to the study of business prepares innovators and collaborative changemakers for meaningful impact in various industries across the globe,” says Starr Marcello, MA ’04, MBA ’17, deputy dean for MBA and masters programs.
Former RBI Governor Rajan warns of rising private credit risks
December 2, 2025 | Bloomberg
“We are in a period where there’s ample credit, and the Fed is cutting,” Chicago Booth’s Raghuram Rajan said at the recent Clifford Capital Investor Conference in Singapore. “That is the time when the risks build up more.”
How to increase happiness: Ask questions, make connections
November 30, 2025 | Forbes
Research by Chicago Booth’s Nicholas Epley finds that people tend to underestimate how receptive others will be to their attempts to reach out.
How retailers are responding to the affordability crisis this holiday season
November 28, 2025 | Business Insider
“Retailers like promotional discounts because they are temporary in nature, facilitating a necessary price reduction without leading the consumer to expect the lower price to persist,” Chicago Booth’s Jean-Pierre Dubé says of holiday sales.
How Feeding America’s ‘Choice System’ facilitates equitable food distribution
November 26, 2025 | Marketplace
Chicago Booth’s Canice Prendergast created the Choice System, which mimics a market economy, to help Feeding America divide donations between the more than 200 food banks in its network.
One housing market soars, the other is flat. Both are in the Chicago area
November 24, 2025 | Crain’s Chicago Business
“We have to start allowing more density in the spaces that are already built up,” Chicago Booth’s Chad Syverson says of the city’s expensive housing market.
College grads face one of the toughest job markets in a decade—‘Right now is a really difficult time to find a job,’ expert says
November 23, 2025 | CNBC
The high unemployment rate for workers aged 16–24 may be an “early indicator that the economy is slowing down or maybe even heading towards a recession,” says Chicago Booth’s Anders Humlum.
Is the public ready for private equity?
November 21, 2025 | Freakonomics
Chicago Booth’s Steven Kaplan discussed opening private equity markets to everyday investors on a recent episode of Freakonomics Radio.
Vernon Hills toy company awaits Supreme Court ruling in tariff case against Trump administration
November 21, 2025 | Fox 32 Chicago
“Retailers have had a somewhat unsavory habit of making [Black Friday] deals not as good as we think,” says Chicago Booth’s Jean-Pierre Dubé. Instead, depending on inventory, he thinks shoppers could see better deals in December.
Economists get cold feet about high minimum wage numbers
November 20, 2025 | The Economist
A 2016 working paper by Chicago Booth’s Erik Hurst and his co-authors argues that, over time, a large increase in the minimum wage reduces “the employment, income and welfare of precisely the low-income workers it is meant to help.”
Do we prefer talking to machines rather than each other?
November 20, 2025 | Financial Times
Interviews led by AI were more likely to result in job offers than interviews by recruiters, according to a study of a customer service firm in the Philippines by Chicago Booth’s Brian Jabarian and his co-author.
Richard Thaler at ECNY
November 19, 2025 | Bloomberg: Masters in Business
Chicago Booth’s Richard Thaler and Alex Imas discussed their new edition of the book The Winner’s Curse at the Economic Club of New York.
U Chicago’s Randall Kroszner: Fed could be more effective with fewer people
November 18, 2025 | CNBC: Squawk on the Street
Planned staff cuts could increase the Federal Reserve’s efficacy, says Chicago Booth’s Randall Kroszner.
Is a 50-year mortgage really that much crazier than a 30-year one?
November 18, 2025 | NPR: Planet Money
“Honestly, I kind of think it’s a fine idea,” Chicago Booth’s Eric Zwick says of President Trump’s idea for 50-year fixed mortgages. “It’s not obviously so different from a 30-year fixed mortgage.”
The Fed’s delicate balancing act over liquidity
November 17, 2025 | Financial Times
“Because the Fed does not charge extra for the liquidity it offers in stressed times, the consequences of underpricing will mount,” Chicago Booth’s Raghuram Rajan writes in an op-ed.
The growing problem with China’s unreliable numbers
November 17, 2025 | Financial Times
Economists know “in their bones” that China’s real GDP growth is lower than the figures reported by the country, says Chicago Booth’s Chang-Tai Hsieh.
Writing down your worries to get unstuck
November 17, 2025 | CBS Chicago
Julie Thornton, Chicago Booth’s director of career management for Evening and Weekend MBA Programs, recommends a four-step process to “declutter” your mind when you feel stuck.
Tariffs are driving up costs for American coffee roasters: ‘We’ve never seen anything like this’
November 14, 2025 | NPR/KCUR
As coffee prices increase due to tariffs, Chicago Booth’s Abigail Sussman predicts consumers may buy cheaper coffee brands or make more coffee at home.
Raghuram Rajan: The SEC must not dilute corporate sustainability disclosures—they matter to investors and society
November 13, 2025 | Mint
In an op-ed, Chicago Booth’s Raghuram Rajan argues that the Securities and Exchanges Commission should not lift the mandate on corporate sustainability reporting.
John Nersesian: Make these tax moves before 2026 arrives
November 11, 2025 | Barron’s
Pimco’s John Nersesian, who teaches in the Executive Education programs at Chicago Booth, offers advice to help financial advisors explain the impact of the One Big Beautiful Bill Act to their clients.
Why we misunderstand each other at work with Nick Epley
November 11, 2025 | Work Better
Chicago Booth’s Nick Epley shares how asking deeper questions can help us better understand others, including those closest to us.
How to avoid ‘The Winner’s Curse’
November 11, 2025 | NPR: Planet Money
“The way you have to think about bidding in an auction is: if I win the auction, will I be happy?” Chicago Booth’s Richard Thaler says, discussing his new edition of The Winner’s Curse, cowritten with Booth’s Alex Imas.
Trump hints at cutting tariffs on India as loyalist Sergio Gor sworn in as ambassador
November 11, 2025 | CNBC
“It can’t be that you are the most tariffed country in the world, more than even China, and then talk about military friendship and joint maneuvers,” Chicago Booth’s Raghuram Rajan said of India’s relationship with the U.S. at a recent event by the Chicago Council on Global Affairs.
Behavioral economics, then and now: A conversation with Alex Imas
November 10, 2025 | Behavioral Scientist
Chicago Booth’s Alex Imas discusses the new edition of the formative behavioral economics text The Winner’s Curse, cowritten with Booth’s Richard Thaler.
Rajan on global, India economic risks
November 6, 2025 | Bloomberg Insight
Chicago Booth’s Raghuram Rajan discusses economic issues including inflation, AI valuation, the strength of the Indian rupee, and more.
Wells Fargo’s latest discrimination case parallels past claims
November 6, 2025 | Bloomberg Law
“The more illustrations of racial discrimination you have across any organization, the more it’s a problem of culture and not individuals,” says Chicago Booth’s John Paul Rollert.
Rethinking how AI is taught in business schools
November 4, 2025 | AASCB
Chicago Booth’s Sanjog Misra explains how the school’s Center for Applied Artificial Intelligence and Applied AI concentration are teaching students to think critically about AI.
How did we end up with performance reviews, anyway?
November 4, 2025 | Wall Street Journal
“Our research shows clearly that focusing on past performance reduces people’s acceptance of mixed or negative feedback and also reduces their motivation to change,” Chicago Booth’s Joshua Klayman says of performance reviews.
Fed’s Cook says she will serve American public despite efforts to fire her
November 3, 2025 | Reuters
“It is much more about the credibility of the overall package and the institutions rather than the specifics of Fed independence,” Chicago Booth’s Randall Kroszner said of markets’ faith in the Federal Reserve at a recent panel.
Fed is driving through a fog right now without data, says Randy Kroszner
October 30, 2025 | CNBC Squawk on the Street
Chicago Booth’s Randall Kroszner discusses how the Fed is proceeding without data during the government shutdown.
Grocery prices are ‘never’ coming down, experts say
October 30, 2025 | Money
“When the consumer knows (e.g., through the media) that costs are rising, it seems ‘fair’ for the firm to raise its price too,” Chicago Booth’s Jean-Pierre Dubé says of recent grocery price increases.
A month without data muddles the economic picture
October 30, 2025 | New York Times
During the government shutdown, authoritative economic data could have helped the Federal Reserve decide how quickly to cut interest rates, says Chicago Booth’s Anil Kashyap.
Don’t get ghosted: How to keep prospects from disappearing
October 29, 2025 | Financial Advisor
Chicago Booth’s Brian Wolfe offers five ways wealth managers can keep prospective clients from vanishing.
This is how the AI stock boom plays out
October 28, 2025 | Bloomberg
Research on the boom and bust of internet stocks by Chicago Booth’s Lubos Pastor and Pietro Veronesi offers insights into why the valuation of AI stocks may eventually fall.
PE’s Army meeting prompts conflict-of-interest, shadow debt concerns
October 28, 2025 | Pitchbook
Chicago Booth’s Steven Kaplan weighs in on Army Secretary Daniel Driscoll and Treasury Secretary Scott Bessent’s recent meeting with private equity firms.
Why people see tariff-induced inflation differently
October 27, 2025 | Marketplace Morning Report
Chicago Booth’s Alex Imas discusses why consumers tend to be more receptive to inflation from tariffs. Segment begins at 4:53.
How a polka-dotted pumpkin became the world’s most coveted art installation
October 26, 2025 | Washington Post
“If you can show an artist that has this kind of universal appeal for all ages without a controversy and still has real artistic chops and real depth, it’s kind of a win-win,” says Chicago Booth’s Mary Ittelson of sculptor Yayoi Kusama.
Meme stock revival: UChicago’s Alex Imas on Beyond Meat’s meme rally
October 23, 2025 | CNBC Squawk Box
Chicago Booth’s Alex Imas weighs in on the recent rally behind Beyond Meat and how it fits into the broader meme stock trend.
AI hype is real, but a Nobel-winning economist warns profits aren’t guaranteed
October 22, 2025 | Yahoo! Finance: Opening Bid Unfiltered
“We don't know how big AI will be in terms of economic returns,” says Chicago Booth’s Richard Thaler, a 2017 Nobel laureate.
Chicago quietly builds an empire of small-business buyers
October 20, 2025 | Crain’s Chicago Business
“While Silicon Valley has become synonymous with venture-backed startups, Chicago has quietly emerged as one of the most significant ecosystems for small-business acquisitions led by first-time CEOs,” writes Chicago Booth’s Alex Hodgkin.
Favorite faculty of Best & Brightest Executive MBAs
October 20, 2025 | Poets & Quants for Executives
“[Haresh Sapra’s] passion, depth, and unwavering commitment to student learning left a real mark on me,” says Arief Wana, MBA ’25. “Beneath the tough exterior is a good soul who truly cares, and I’m grateful he never let us settle for less.” Wana, a hedge fund manager who was featured in this year’s Best & Brightest Executive MBAs from Poets & Quants for Executives, spotlighted Chicago Booth’s Sapra for a list of most impactful professors.
Raghuram Rajan on surging gold and growing risks to financial stability
October 17, 2025 | Bloomberg Odd Lots
Chicago Booth’s Raghuram Rajan discusses the current state of financial markets and the growing risks facing central bankers.
Could central banks ease too much?
October 17, 2025 | Financial Times
“As the major central banks trade off growth and inflation in deciding their current monetary stance, they would be wise to acknowledge that the world simply cannot afford another financial crisis,” writes Chicago Booth’s Raghuram Rajan in an op-ed.
The watery places within me
October 16, 2025 | Boston Globe
According to research by Chicago Booth’s Thomas Talhelm, people who grow up in rice-farming cultures, like those typical of south China, tend to be less individualistic than those who grow up in wheat-farming cultures, like in China’s north, because rice-farming requires such a high level of social cooperation.
What is the one trait that makes for a great manager? You might be surprised
October 10, 2025 | Wall Street Journal
“What set top managers apart from their peers, more than any other factor, was their knack for reallocating people into just the right roles—or helping people make those moves themselves,” writes Chicago Booth’s Virginia Minni, commenting on her 10-year study of worker and manager performance.
Doing almost anything is better with friends, research finds
October 5, 2025 | Washington Post
“Happiness is better predicted by the frequency of positive experiences than it is by the intensity of them,” says Chicago Booth’s Nicholas Epley.
Students use ‘AI humanizer’ apps to make ChatGPT essays undetectable
October 3, 2025 | Forbes
When students ran ChatGPT-generated essays through “humanization software,” many top AI detection systems were less than 50 percent accurate, according to research by Chicago Booth’s Brian Jabarian and Alex Imas.
Some college graduates are struggling to find work. Here are some reasons why.
October 3, 2025 | NPR
Chicago Booth’s Matt Notowidigdo discusses why the share of long-term unemployed college graduates has increased.
The curious death of manufacturing productivity
October 2, 2025 | Financial Times
In a new paper, Chicago Booth’s Chad Syverson, UChicago’s Ali Hortaçsu, and their coauthors argue that conventional measures understate manufacturing labor productivity growth by failing to account for quality improvements in computer and electronic products manufacturing.
Economists favour Christopher Waller to lead Fed but expect Trump to pick a loyalist
September 27, 2025 | Financial Times
In a new poll conducted by Chicago Booth’s Clark Center for Global Markets and the Financial Times, 82 percent of economists chose Federal Reserve governor Christopher Waller as their preferred pick to lead the central bank. Only 20 percent, however, think Waller is likely to become chair next year, while 39 percent predict it will be the National Economic Council’s Kevin Hassett.
Trump’s TikTok deal payment criticized as ‘shakedown scheme’ by experts
September 26, 2025 | NPR
Chicago Booth’s Luigi Zingales comments on the Trump administration’s approach to brokering business deals.
Spending on AI is at epic levels. Will it ever pay off?
September 25, 2025 | Wall Street Journal
A paper by Chicago Booth’s Anders Humlum and his coauthor found that introducing AI chatbots to 7,000 workplaces in Denmark had “no significant impact on workers’ earnings, recorded hours, or wages.”
AI did the job interview. The results shocked everyone.
September 25, 2025 | Poets & Quants for Executives
“When applicants were told, ‘You can choose who interviews you—AI or human’—nearly 80% chose the AI,” says Chicago Booth’s Brian Jabarian of his latest study. “That’s not just a convenience issue. It’s a psychological signal.”
How investors should place bets on AI
September 25, 2025 | Financial Times
Peaks in share valuation of emerging technology companies are associated with high uncertainty around the technology’s productivity, according to a study by Chicago Booth’s Lubos Pastor and Pietro Veronesi.
Investor Jean-Philippe Bouchaud: ‘The whole bull run is because of an influx of money’
September 19, 2025 | Financial Times
The inelastic markets hypothesis by Chicago Booth’s Ralph S. J. Koijen and Harvard's Xavier Gabaix is “a game-changer,” says Jean-Philippe Bouchaud, chair of one of Europe's largest hedge funds. The relatively new financial theory contends that inflows and outflows are significantly more impactful on the stock market than previously thought.
CFOs adjust to private equity’s growing influence
September 19, 2025 | CFO
Longer hold periods for private equity investments are due in part to higher interest rates, says Chicago Booth’s Steven Kaplan.
ICE targets Chicago police in recruitment advertising campaign
September 19, 2025 | Chicago Sun-Times
Chicago Booth’s John Paul Rollert says ICE’s recruitment advertising campaign doesn’t come as a surprise given the administration’s aggressive approach to immigration enforcement and because a niche audience is most likely to apply.
Women are more resistant to AI than men—and it could end up hurting them. Here’s why.
September 18, 2025 | HuffPost
According to research by Chicago Booth’s Brian Jabarian and coauthors, women are more likely to prefer an AI job interviewer than men.
The Fed tried to avoid a fight with Trump. It got one anyway.
September 15, 2025 | The New York Times
“It is in their DNA to be cautious,” says Chicago Booth’s Anil Kashyap of the Federal Reserve’s approach to defending itself.
The newest face of long-term unemployment? The college educated.
September 15, 2025 | The New York Times
The percentage of unemployed college graduates has been steadily rising over the past decade, according to Chicago Booth’s Matthew Notowidigdo and predoctoral researcher Jingzhou Huang.
Chicago Booth study reveals the traits of successful CEOs
September 15, 2025 | Crain’s Chicago Business
A study by Chicago Booth’s Steven Kaplan and his coauthor finds that factors like execution, creativity and strategy positively relate to success for CEOs.
Gurnee Mills announces new slate of businesses: ‘The death of malls is vastly overrated’
September 15, 2025 | Chicago Tribune
Malls are “generally profitable” over long periods of time when compared to online retail, says Chicago Booth’s James Schrager.
Should 401(k) savers have access to private equity funds?
September 11, 2025 | NPR Marketplace
Chicago Booth’s Steven Kaplan discusses allowing individual retirement accounts to invest in private equity markets.
The AI displacement challenge: balancing progress with people
September 11, 2025 | People Management
“AI’s prevalence is creating a strategic challenge across the labour market,” writes Chicago Booth’s Erik Hurst. “If we want to sustain employment—and the broader macroeconomic stability it supports—we must find a way to harness AI’s gains without suffering the full force of its potential for job displacement.”
How to get cheap car insurance
September 9, 2025 | WalletHub
Chicago Booth’s Matt Notowidigo offers advice for how to save on car insurance.
Meet the MBA Class of 2027: Marianna Shakhnazaryan, University of Chicago (Booth)
September 9, 2025 | Poets&Quants
Poets&Quants featured Marianna Shakhnazarya, an incoming Full-Time MBA student at Booth, in its list of the most promising MBA students from top business schools around the world. Shakhnazarya spent the last five years working at the National Gallery of Art in Washington, D.C., where she was a senior advisor to the deputy director. She came to Booth to grow as a leader and improve her quantitative skills to better serve the public sector.
Fed’s independence is in the best interest of the President, says Booth’s Anil Kashyap
September 8, 2025 | CNBC Closing Bell
Chicago Booth’s Anil Kashyap discusses the Federal Reserve and the White House, his recent op-ed in the Wall Street Journal, and more.
AI is not just ending entry-level jobs. It’s the end of the career ladder as we know it
September 7, 2025 | CNBC.com
“We now have two and a half years of experience with generative AI chatbots diffusing widely throughout the economy,” says Chicago Booth’s Anders Humlum. “These tools have really not made a significant difference for employment or earnings in any occupation thus far.”
Trump’s risky game with the Fed
September 7, 2025 | The Wall Street Journal
“Credibility in economic policymaking is built slowly, through practice and respect for processes, and can be lost quickly if those processes are disregarded,” writes Chicago Booth’s Anil Kashyap in a recent op-ed.
The U.S. is losing manufacturing jobs. Here’s why.
September 5, 2025 | USA Today
Chicago Booth’s Chad Syverson weighs in on the manufacturing industry’s slowdown in hiring.
Former RBI gov. Raghuram Rajan: Don’t think India gains a lot by buying Russian oil
August 29, 2025 | CNBC Squawk Box
Chicago Booth’s Raghuram Rajan discusses India’s prime minister meeting with China’s president, its potential impact on U.S.-India relations, and more.
Opinion: Why I don’t want to add private equity to my 401(k)
August 29, 2025 | MarketWatch
Private-equity fund fees “are on the order of 3% to 4% per year,” according to Chicago Booth’s Steven Kaplan and Ohio State’s Berk Sensory.
The calculated silence of America’s business and finance leaders
August 29, 2025 | Financial Times
“I’m very surprised that the market hasn’t reacted more,” says Chicago Booth’s Anil Kashyap of the current administration’s campaign to exert greater control over the central bank.
Stuck in work stress? Experts reveal science-backed tricks to boost focus, mood and motivation instantly
August 28, 2025 | The Economic Times
To stay motivated, Chicago Booth’s Ayelet Fishbach recommends changing your environment or perspective to make goals more enjoyable and sustainable.
The tradeoffs of AI regulation
August 26, 2025 | Project Syndicate
In this op-ed, Chicago Booth’s Raghuram Rajan writes, “The US tends to regulate too little, too late, whereas Europe does too much, too soon. Neither gets the balance quite right.”
Trump’s Intel deal gambles with the perils of picking national champions
August 26, 2025 | Fortune
“If you have an objective, you can say it is right or wrong, feasible or not feasible,” says Chicago Booth’s Luigi Zingales. “But without a clear objective, it’s kind of a mess.”
Trump’s tax law could boost cash flow for manufacturers with deductions and more
August 25, 2025 | Manufacturing Dive
“Tax incentives can boost cash flow, but innovation and investment decisions are ultimately driven by forces beyond the tax code,” says Chicago Booth’s Eric Zwick.
Powell’s made it clear he’s ready for rate cuts in September, says Booth’s Randy Kroszner
August 22, 2025 | CNBC
On a recent episode of “Closing Bell,” Chicago Booth’s Randy Kroszner discusses Jerome Powell’s Jackson Hole comments, the Fed’s split decision, and their broader impact.
What happens when candidates choose AI over recruiters?
August 22, 2025 | Reworked
New research from Chicago Booth’s Brian Jabarian and a co-researcher examines candidate behavior in the AI-driven hiring process, uncovering surprising results.
2025 MBA To Watch: Kevin Hernandez, University of Chicago (Booth)
August 22, 2025 | Poets&Quants
Poets&Quants recently featured Kevin Hernandez in its list of Best & Brightest MBAs.
Cash rewards have less sway in collectivistic cultures
August 22, 2025 | Scientific American
Research by Thomas Talhelm and coauthors suggests that cash is more persuasive in individualistic cultures like the U.S., while psychological nudges are a more effective motivator in collectivistic cultures outside the West.
Chicago business schools lean into AI as job market evolves
August 22, 2025 | Crain’s Chicago Business
Chicago Booth’s new AI concentration for MBA students aims to prepare students for the leadership challenges of AI adoption. “Booth’s approach to AI education emphasizes critical thinking and intellectual independence,” says Booth’s Sanjog Misra. “The goal is not conformity but originality.”
Home Depot is raising prices
August 20, 2025 | Newsweek
Chicago Booth’s Jean-Pierre Dubé believes many companies have held off on price hikes due to the potential for consumer backlash and “the real threat of lost demand.”
America’s top venture capital firms of 2025
August 19, 2025 | TIME
“The internet was driven by venture. Mobile was driven by venture. And AI is being driven by venture,” says Steve Kaplan of the outsize influence VC firms have on the business landscape.
Sorry graduates, but employers don’t care about your degree
August 18, 2025 | The Telegraph
“The advantage now lies with graduates whose skills complement AI—judgment, problem-solving, leadership—not those in roles it can easily replace, such as coding and admin,” says Chicago Booth’s Erik Hurst.
People who often struggle with this uncomfortable emotion are more trustworthy than everyone else, says study
August 18, 2025 | Your Tango
People who often experience guilt may have a strong moral compass and be more trustworthy, according to a study by Chicago Booth’s Emma Levine and coauthors.
Nobody’s buying homes, nobody’s switching jobs—and America’s mobility is stalling
August 14, 2025 | The Wall Street Journal
Research by Chicago Booth’s Chang-Tai Hsieh previously found that expensive housing dissuaded so many workers from moving for better jobs that it weighed on U.S. gross domestic product. He believes that link, seen from 1964 to 2009, likely still holds true today.
As private equity gets closer to managing 401(k)s, advisers warn of risks
August 9, 2025 | The New York Times
“If they want to grow, they have to find money elsewhere,” says Chicago Booth’s Steven Kaplan of private asset managers, for whom employee retirement plans could be an appealing choice.
University of Chicago’s Randall Kroszner: Likely going to see lower short term rates by year end
August 8, 2025 | CNBC Money Movers
Chicago Booth’s Randall Kroszner discusses his reaction to President Trump’s nomination of Stephen Miran to the Federal Reserve’s board of governors.
Donald Trump’s attack on statistics agency echoes strongmen leaders, economists say
August 7, 2025 | Financial Times
Chicago Booth’s Chad Syverson and Anil Kashyap discuss President Trump’s decision to fire the commissioner of the Bureau of Labor Statistics following the release of the July U.S. jobs report.
Buy now, return later, money back guaranteed. How America scores free stuff
August 7, 2025 | USA Today
“Consumers often justify their actions by believing that the benefit to them outweighs the harm to the company,” says Chicago Booth’s Ayelet Fishbach of shoppers who abuse return policies.
2025 Best & Brightest Executive MBA: Emma Laws, University of Chicago (Booth)
August 6, 2025 | Poets&Quants for Executives
Poets&Quants has included Emma Laws, MBA ’25 (EXP-30), in its 2025 list of the Best & Brightest Executive MBAs. Laws is the hospital director of London Vet Specialists and is passionate about innovating and driving change in the healthcare space.
So long, study guides? The AI industry is going after students
August 6, 2025 | NPR
Chicago Booth’s Ayelet Fishbach weighs in on students using AI as a shortcut. “What is different now is that the line seems more blurry. Before, you knew you were cheating, now you feel, ‘Maybe I’m still doing what I’m supposed to do, only I’m being more efficient.’”
Why Japanese men don’t take paternity leave
August 6, 2025 | VOX Talks
In this interview, Chicago Booth’s Marianne Bertrand discusses why men are reluctant to take paternity leave, even when encouraged by their employers.
Why we procrastinate on joy—and how to stop
August 6, 2025 | The Washington Post
A recent study by Chicago Booth’s Ed O’Brien found that the longer we put off doing something we enjoy, the more likely we are to continue putting it off.
Trump tariff blitz unleashes delayed shock to global economy
August 1, 2025 | Bloomberg
“For the rest of the world, this is a serious demand shock,” says Chicago Booth's Raghuram Rajan. “You will see a lot of central banks contemplating cutting as the rest of the world slows somewhat in the face of these tariffs.”
Stop complaining about Gen Z workers – and start helping them
July 27, 2025 | The Wall Street Journal
Susan Lucia Annunzio, who has worked as an adjunct professor at Chicago Booth, explores how companies can strengthen Gen Z workers.
Slaying the subscription economy
July 24, 2025 | Business Insider
“Companies don’t need most people to forget to cancel,” says Chicago Booth’s Ayelet Fishbach of subscription services. “Just a few is enough.”
Why this former central banker sees U.S. economy in a ‘Wile E. Coyote’ moment
July 24, 2025 | Barron’s
“They have taken a very strong economy and subjected it to a lot of shocks—some of which people anticipated and moved ahead of,” says Chicago Booth’s Raghuram Rajan of the U.S. market. “You have to look closely at the tea leaves to see the impact coming.”
They returned used toilets and dirty rugs to Costco. Then came the backlash.
July 23, 2025 | USA Today
“It seems many people are comfortable occasionally bending the spirit of a policy, but hesitate to make a habit of it,” says Chicago Booth’s Ayelet Fishbach of lenient return policies.
Expert thoughts on Citi Simplicity card
July 23, 2025 | WalletHub
Chicago Booth’s Thomas Talhelm provides his perspective on the recently announced Citi Simplicity card.
Market access offer could help Taiwan in U.S. trade talks: Ex-official
July 23, 2025 | Focus Taiwan
Chicago Booth’s Chang-Tai Hsieh spoke about Taiwan’s cooperation with the United States at a recent video forum.
Why does one tiny state set the rules for everyone?
July 22, 2025 | Freakonomics
Chicago Booth’s Hal Weitzman discusses why, until recently, so many companies incorporated in Delaware.
Experienced software developers assumed AI would save them a chunk of time. But in one experiment, their tasks took 20 percent longer
July 20, 2025 | Fortune
Recent research by Chicago Booth’s Anders Humlum found that among 25,000 workers in 7,000 workplaces, productivity improved 3 percent among employees using AI tools.
Blackstone’s AI powerhouse goes on without its $3 billion man
July 17, 2025 | Bloomberg
“A founder should expect that a founder is not in control when private equity acquires a company,” says Chicago Booth’s Steve Kaplan.
Former Fed governor Randall Kroszner: The Fed likely won’t cut rates at July’s meeting
July 15, 2025 | CNBC: Squawk on the Street
Chicago Booth’s Randal Kroszner discusses the latest U.S. inflation data and his expectations for the Fed going forward.
Save us from our champions
July 12, 2025 | The Times of India
In this op-ed, Chicago Booth’s Raghuram Rajan discusses why India struggles to compete in the international market despite having such a large domestic market.
How a luggage manufacturer in Colorado has survived Trump’s Trade War. So far.
July 11, 2025 | The New York Times
“All forward-looking decisions just get turned down—and maybe turned down to zero—when uncertainty gets really high,” says Chicago Booth’s Chad Syverson of companies rethinking their supply chains and hiring plans due to unpredictable tariffs.
Can the Fed stay independent under Trump?
July 9, 2025 | Financial Times
“You don’t want to be seen as the person who succumbed to political pressure,” says Chicago Booth’s Raghuram Rajan of the role of the central bank chair. “And if you thought you were going to succumb, I don’t see a person of even modest integrity accepting the job.”
University of Chicago economists reveal a surge in QSR labor productivity
July 8, 2025 | Food on Demand
A study by Chicago Booth’s Chad Syverson and coauthors found that takeout and delivery orders helped boost restaurant productivity following the COVID-19 pandemic.
Could consumer uncertainty over tariffs translate into less spending?
July 7, 2025 | NPR Marketplace
“Worries about the economy influence consumption behavior just as much as, often even more than, actual negative economic events,” says Chicago Booth’s Ayelet Fishbach.
What’s to come next won’t be trade deals, but broad structure on fairer trade without many details
July 2, 2025 | CNBC: Squawk Box Asia
Chicago Booth’s Raghuram Rajan comments on the U.S. trade agreement with Vietnam as well as a potential trade deal with India.
Chicago Booth joins the movement, launches new MBA concentration in Applied AI
July 2, 2025 | Poets&Quants
As artificial intelligence continues to redefine industries, Chicago Booth has become the latest top business school to launch an MBA concentration in Applied Artificial Intelligence.
Are your search habits sealing you in information bubbles without you realising? Here’s what new study says
June 30, 2025 | Mint
A study by Chicago Booth’s Oleg Urminsky and his co-author finds that the way people search online tends to trap them in an echo chamber that reinforces their existing beliefs.
More factories. More jobs. Will Trump’s tariff promises pan out?
June 29, 2025 | USA Today
“When you expected to see the employment gains and reshoring the administration was talking about, there is not much evidence of that,” says Chicago Booth’s Rodrigo Adao of Trump’s first-term tariffs. “That puts a little bit of a question mark going forward.”
Donald Trump’s fiscal policy and Fed attacks imperil U.S. haven status, say economists
June 29, 2025 | Financial Times
In a poll from Chicago Booth’s Kent A Clark Center for Global Markets and the Financial Times, more than 90 percent of economists surveyed were either somewhat or very concerned about the U.S.’s status as the ultimate haven for foreign investors.
How Donald Trump’s U.S. cuts to diversity, equity, and inclusion is having ‘direct impact on U.K. Pride’
June 29, 2025 | Birmingham Mail
According to Chicago Booth’s John Paul Rollert, many organizations fear “that they will be subject to heightened scrutiny and perhaps even reprisal by the current administration” for supporting Pride Month.
Fmr. Federal Gov. Kroszner: Tariffs may have a short-term impact but not enough for Fed to worry
June 27, 2025 | CNBC: Money Movers
Chicago Booth’s Randall Kroszner discussed data from the recent Personal Consumption Expenditures price index report and the Fed’s potential next moves.
Can a car boss turn around Gucci’s owner?
June 19, 2025 | The Economist
Chicago Booth’s Steven Kaplan discusses the private-equity model of moving sharp executives from one underperforming firm to another.
Gregg Popovich is a coaching legend. He’s also a master of tough conversations
June 18, 2025 | The Athletic
Research by Chicago Booth’s Emma Levine and a coauthor highlights the four key components to giving hard feedback in a beneficial way.
Good institutions won’t fix broken politics
June 18, 2025 | Financial Times
Chicago Booth’s Raghuram Rajan discusses the current state of macroeconomics in the United States and its impact on the. fiscal deficit.
Chicago Booth’s New Venture Challenge awards record-breaking $2.267 million to finalists
June 17, 2025 | Clear Admit
At the 29th Annual Edward L. Kaplan, ’71, New Venture Challenge (NVC), 10 finalist teams were collectively awarded a record-breaking $2.267 million.
2025 Best & Brightest Executive MBA: Arief Wana, University of Chicago (Booth)
June 16, 2025 | Poets&Quants for Executives
Poets&Quants has chosen Chicago Booth’s Arief Wana as one of their Best & Brightest of 2025.
Ask better questions to build a better business
June 16, 2025 | Crain’s Chicago Business
“The best founders and small-business operators don’t spend their days chasing certainty,” says Chicago Booth’s Jeremie Bacon. “They pursue better questions and discover the best answers faster than anyone else.”
Every business is becoming an AI company. Here’s how to do it right.
June 15, 2025 | Forbes
A recent study published by Chicago Booth’s Anders Humlum and coauthor finds that “AI chatbots have had no significant impact on earnings or recorded hours in any occupation.”
Mary Tolan commits $12M to Chicago Booth’s Healthcare Initiative
June 15, 2025 | Clear Admit
University of Chicago trustee Mary Tolan ’92 (XP-61), and her husband, Edward Grzelakowski, have committed $12 million to advance the work of Chicago Booth’s Healthcare initiative.
The costs of victimomics
June 11, 2025 | Project Syndicate
Chicago Booth’s Raghuram Rajan discusses the political strategy of telling voters they are victims and why he thinks it can make conditions worse for constituents.
Compare car insurance rates
June 9, 2025 | WalletHub
Chicago Booth’s Matt Notowidigdo discusses the most important factors to consider when buying car insurance.
Chicago’s IPO market has been stuck. Will the dam break in 2025?
June 6, 2025 | Crain’s Chicago Business
Chicago Booth’s Steve Kaplan discusses the recent decline in the IPO market. “There has to be an appetite for risk and not such uncertainty. The appetite for risk is not there. Companies are wary of going public.”
As Treasury market is poised to grow, fragilities mount
June 4, 2025 | American Banker
“The problem is that there are all kinds of potential triggers that we haven’t thought of that we’ll only recognize once they happen,” says Chicago Booth’s Anil Kashyap of recent market volatility. “That’s the world we’re living in now.”
Trump’s tax bill has nasty surprise in SALT fine print for some rich Americans
May 30, 2025 | Bloomberg
Chicago Booth’s Eric Zwick discusses concerns surrounding the new tax and spending bill. “It’s noteworthy that one of the most expensive new changes to the code benefits this very small slice of the population,” he says.
What the Fed’s watching closely about tariffs: Fmr. Fed governor
May 28, 2025 | Yahoo! Finance
Chicago Booth’s Randall Kroszner discusses policy uncertainty and trends around inflation data, prices, and economic forecasts.
Trump’s Big Beautiful Bill is great for the ‘stealthy wealthy’
May 28, 2025 | The Ringer
In a podcast hosted by The Ringer, Chicago Booth’s Eric Zwick discusses the new tax and spending bill.
Raghuram Rajan warns U.S. risks future by curbing foreign students
May 27, 2025 | Bloomberg
“The Sergey Brins of the world came as students and did wonders for the U.S. economy,” says Chicago Booth’s Raghuram Rajan, referencing Google’s cofounder. “To some extent, the problem is the universities haven’t made the case that they are so central to U.S. growth, but also central to the distribution of that growth.”
An upstart venture firm marks 10 years with $36.5M fund
May 27, 2025 | Crain’s Chicago Business
“You can’t raise four funds without having decent performance,” says Chicago Booth’s Steven Kaplan of the venture firm M25. “They’re here to stay.”
One tariff strategy for retailers? Expand in Europe
May 21, 2025 | NPR Marketplace
Expansion, or redirection, is not a strategy for every company, especially those that manufacture or assemble goods here in America, suggests Chicago Booth’s Jean-Pierre Dubé of retailers that are considering focusing on Europe to avoid tariffs.
2025 Best 40-Under-40 MBA Professors: Emanuele Colonnelli, Booth School of Business, University of Chicago
May 21, 2025 | Poets&Quants
Poets&Quants included Chicago Booth’s Emanuele Colonnelli in its 2025 list of Best 40-Under-40 MBA Professors. Colonnelli says his favorite thing about teaching is “learning from some of the brightest and most interesting young minds in the world—at a time when they’re bursting with energy and ambition.”
Chicago Booth receives $14 million in philanthropic commitments to support Civic Scholars Program
May 21, 2025 | Philanthropy News Digest
Chicago Booth has received $14 million in total gift commitments from alumnus John Edwardson, MBA ’72, and Fran Edwardson to support its Civic Scholars Program. In recognition, the program will be renamed the Edwardson Civic Scholars Program.
Trump scolded companies for raising prices. Do they have a choice?
May 20, 2025 | The New York Times
Chicago Booth’s Chad Syverson explains that a company’s profits have little effect on their decision to raise prices. Most companies want to preserve their profits, whether large or small, to satisfy their owners and shareholders.
Global retailers’ tariff strategy risks spreading pain beyond U.S. consumer
May 20, 2025 | Reuters
“Obviously if your products coming into the U.S. are now subject to tariffs, then math says that you have to raise your prices in the U.S.,” says Chicago Booth’s Jean-Pierre Dubé.
Study looking at AI chatbots in 7,000 workplaces finds ‘no significant impact on earnings or recorded hours in any occupation’
May 18, 2025 | Fortune
A working paper by Anders Humlum and a coauthor found that AI chatbots had a negligible effect on time savings and pay for workers in any occupation.
Meet the ‘stealthy wealthy’ who make their money the boring way
May 18, 2025 | The Wall Street Journal
The largest source of income for the 1 percent highest earners in the U.S. is owning a medium-size regional business, according to research by Chicago Booth’s Eric Zwick and Princeton’s Owen Zidar.
Will the bond market act as a spoiler for GOP’s “big, beautiful” tax bill?
May 14, 2025 | NPR Marketplace
“It doesn’t have to be to the point where it’s a full on crisis for this to create a lot of pain,” says Chicago Booth’s Anil Kashyap of the new tax bill’s potential impact.
Randy Krozner: I expect the Fed to remain on path to lower rates 2-3 times this year
May 13, 2025 | CNBC Squawk on the Street
Chicago Booth’s Randy Kroszner joins CNBC Squawk on the Street to discuss expectations for the Fed, macro outlooks, and more.
When “voice” is silenced: the rise and fall of DEI
May 12, 2025 | Business Reporter
Chicago Booth’s John Paul Rollert argues that fear—not profit—is driving corporations to distance themselves from DEI initiatives.
When pride meets politics: Why corporate courage is in decline
May 11, 2025 | The European Financial Review
In an op-ed, Chicago Booth’s John Paul Rollert examines why major corporations are retreating from Pride sponsorships across the U.S.
My friends and I are rethinking our spending because of economic anxiety
May 10, 2025 | The Wall Street Journal
To deal with economic anxiety, Chicago Booth’s Abigail Sussman suggests separating emotional and financial decisions, even though they can overlap.
Trump threatens to drop a $6 trillion bomb on the stock market
May 10, 2025 | The Telegraph
Chicago Booth’s Raghuram Rajan argues that while the new proposed tax policies may boost the incomes of working people, they could also end up costing the U.S. government much more than intended.
Chicago street festivals are struggling. Here’s why.
May 9, 2025 | Crain’s Chicago Business
“We don’t normally pay to walk around Chicago, so being asked to pay—even for a costly, special event—can feel unjust,” says Chicago Booth’s Ayelet Fishbach of the drop in donations for street festivals.
Generative AI like ChatGPT is at risk of creating new gender gap at work
May 8, 2025 | CNBC
“Recent studies have documented meaningful productivity gains from tools like ChatGPT,” says Chicago Booth’s Anders Humlum. “The fact that women are significantly less likely to use these tools means they may be missing out on these benefits.”
Treasury secretary falters as Democratic lawmaker asks who pays tariffs: ‘It’s a very complicated question’
May 6, 2025 | The Latin Times
“If we go back to the trade war in 2018, research shows that most of the impact of these tariffs was borne by consumers and firms inside the United States,” says Chicago Booth’s Rodrigo Adão.
Raghuram Rajan thinks the Fed needs to wait to cut rates until growth slows down
May 5, 2025 | CNN International: Quest Means Business
“You need this to play out,” says Chicago Booth’s Raghuram Rajan. “And you don’t do it by cutting interest rates too sharply and elevating demand and ensuring inflation persists.”
Economic concerns are mounting, but the Fed isn’t cutting rates proactively
May 5, 2025 | The New York Times
Chicago Booth’s Raghuram Rajan discusses what may happen if the Fed lowers interest rates as shortages hit. “Having demand pick up once again while supply is hugely constrained by these high tariffs may not be the best answer,” he says.
MBA roundup: Chicago Booth’s MiM Program adds a global component
May 3, 2025 | Poets&Quants
Beginning Winter Quarter 2026, Master in Management students at Booth will have the option to complete a new Global Innovation and Impact specialization in London.
Corporate America owes the rest of us $87 trillion
May 2, 2025 | Bloomberg
Research by Chicago Booth’s Lubos Pastor and co-authors estimates that the social cost of carbon emissions by U.S. companies will be $87 trillion by 2050.
U.S. and China dig in on trade war, with no plans for formal talks
May 2, 2025 | The New York Times
Chicago Booth’s Brent Neiman discusses the Treasury Department’s former practice of working with China to prevent tensions over tariffs.
The 100 best & brightest MBAs: Class of 2025
May 1, 2025 | Poets&Quants
Booth Full-Time MBA students Yana Kaplun and Ilana Habib were spotlighted in this year’s Poets&Quants list of 100 Best & Brightest MBAs graduating this year.
Chicago Booth launches global specialization in London for MiM students
April 30, 2025 | The European Business Review
Chicago Booth is expanding its Master in Management Program globally, offering students a new opportunity to study in London starting Winter Quarter 2026.
Trump: ‘I think we’ll have a deal with India’ on tariffs and trade
April 29, 2025 | CNBC
“India benefits hugely if it can negotiate tariffs to a much lower level,” says Chicago Booth’s Raghuram Rajan.
Generative AI is not replacing jobs or hurting wages at all, say economists
April 29, 2025 | The Register
A working paper by Chicago Booth’s Anders Humlum and coauthors finds the labor and wage impact of AI chatbots to be minimal.
Your guide to the baffling world of duty-free shopping
April 28, 2025 | The Washington Post
“Duty-free shops might pick up some of the margins,” says Chicago Booth’s Sanjay Dhar of tariffs. “So the prices at duty-free shops will become more attractive than what you would pay if you had bought it in the local market.”
Wall Street Banks Unload Last Batch of Musk’s X Buyout Debt
April 28, 2025 | The Wall Street Journal
“For those who say never bet against Elon, they seem to be right this time,” says Chicago Booth’s Steven Kaplan of Musk’s recent debt-sale success.
Part-time MBA- Booth School of Business
April 21, 2025 | MBA Insight
Kara Northcutt, director of admissions and marketing for Booth’s Evening and Weekend MBA Programs, offers insight into the admissions process and shares tips for applicants.
Consumers are struggling with their credit card balances, Fed study finds
April 21, 2025 | Marketplace
“What would the responsible consumer do now?” says Chicago Booth’s Ayelet Fishbach on rising fears of economic decline. “Should you run and buy a car? Or a washing machine or a cell phone? Are prices going to come up?”
Flexible work is here to stay. Here's how to build a strong culture in the hybrid environment.
April 21, 2025 | Crain’s Chicago Business
In her recent article, Chicago Booth’s Ellen Rudnick discusses the importance of work culture in a hybrid environment.
Special Coverage from Marketplace: Selling America
April 20, 2025 | Marketplace
In a recent Marketplace podcast, Chicago Booth’s Matt Notowidigdo discussed the changing place of the US in the world economy.
Chicago Booth renaming Executive MBA Program after alum donates $100M
April 15, 2025 | Chicago Tribune
Entrepreneur Konstantin Sokolov, MBA ’05 (XP-74), has given $100 million to Chicago Booth, renaming the Executive MBA Program and funding a new clinical professorship.
Fed’s deepest tariff fear is a price shock that won’t fade away
April 12, 2025 | Bloomberg
Chicago Booth’s Michael Weber compares the hyperinflation of Germany after World War I to today’s higher inflation in this Bloomberg article.
Inside the bond market’s $800 billion ‘murder mystery.’ Here’s why the basis trade could be a time bomb—and what the Fed can do to stop it
April 11, 2025 | Fortune
A recent paper by Chicago Booth’s Anil Kashyap and coauthors discusses the “inherently fragile” nature of hedge funds.
Tariffs will send costs soaring. Which firms will raise prices?
April 10, 2025 | The Economist
Chicago Booth’s Jean-Pierre Dubé says that even when costs, such as tariffs, fall, many firms keep prices high.
Trump says tariffs are reciprocal. They aren’t.
April 7, 2025 | The Wall Street Journal
“Some countries have raw minerals or resources we need, but are low-income and don’t demand some of our largest exports like advanced equipment or education services,” says Chicago Booth’s Brent Neiman on the impact of tariffs placed on certain countries.
The Trump White House cited my research to justify tariffs. It got it all wrong.
April 7, 2025 | The New York Times
Chicago Booth’s Brent Neiman details how the Office of the U.S. Trade Representative released a methodology that misinterpreted an academic paper authored by him and three other economists.
How Trump’s tariffs are shaking up the cybersecurity sector
April 7, 2025 | CSO Online
Chicago Booth’s Rodrigo Adão discusses how tariffs impact the tech sector in this CSO Online article.
Erin Burnett breaks out whiteboard to explain Trump’s tariff math
April 7, 2025 | CNN: Erin Burnett Out Front
Chicago Booth’s Brent Neiman discusses the formula that the Trump administration used to calculate tariffs.
7 smart money moves to make instead of checking your battered 401(k) right now
April 5, 2025 | Marketwatch
“You sell and you basically are engaging in a lot more market timing than you should be,” says Chicago Booth’s Abigail Sussman. “Fear is not a great way to be making decisions.”
Recession odds flirting with 50% Raghuram Rajan says
April 4, 2025 | Bloomberg Markets: The Close
Chicago Booth’s Raghuram Rajan says Trump administration’s tariff policies increase the risk of a U.S. recession.
Trump’s tariffs are raising the cost of ‘business as usual’ for food purveyors
April 4, 2025 | Eater
Most tariffs we put on other countries “end up being paid by someone in the U.S., split between the consumer and the firm doing the importing,” says Chicago Booth’s Rodrigo Adão.
Raghuram Rajan calls Trump’s reciprocal tariffs a ‘self goal,’ says impact on India will be smaller
April 3, 2025 | The Economic Times
Chicago Booth’s Raghuram Rajan discusses the impact of Trump’s tariffs on the U.S. and India.
Why does Trump’s tariff explainer reference a paper it doesn’t cite?
April 3, 2025 | Financial Times
Chicago Booth’s Brent Neiman responds to claims that his co-authored work may have been cited by the Trump administration to explain its tariff formula. “It is not clear what the government note is referencing or not from our work.”
Another ‘shock’ is coming for American jobs
April 1, 2025 | The Washington Post
Assisting individuals in a career change is costly, but far less expensive than leaving them potentially dependent upon government support for decades, argues Chicago Booth’s Anders Humlum.
IMF, World Bank brace for Trumps ‘America First’ makeover
March 31, 2025 | Bloomberg
Chicago Booth’s Brent Neiman believes withdrawing from the IMF and World Bank would make the global economy weaker. “If the IMF as an institution didn’t exist yet, we’d want to create something just like it.”
The questions surrounding Paul Atkins’ SEC
March 27, 2025 | Politico
A new paper by Chicago Booth’s Anil Kashyap and coauthors lays out a way for the central bank to handle market stability problems.
Talking to strangers is good for your health, research shows
March 27, 2025 | The Metro
Chicago Booth’s Nicholas Epley discusses the importance of real-life interactions with others on The Metro podcast.
Fed urged to explore hedge fund bailout tool for basis trade
March 26, 2025 | Bloomberg
Research by Chicago Booth’s Anil Kashyap suggests a better way of handling Fed intervention would be via hedged bond purchases.
Companies pull back from pride events as Trump targets D.E.I.
March 26, 2025 | The New York Times
According to Chicago Booth’s John Paul Rollert, many organizations worry “that they will be subject to heightened scrutiny and perhaps even reprisal by the current administration” if they support DEI-related efforts.
Scientist says that ChatGPT has a ‘staggering’ gender problem
March 22, 2025 | Futurism
Chicago Booth’s Anders Humlum explains that in his research he’s encountered a “staggering gender gap in the adoption of ChatGPT.”
Donald Trump’s policies set to cool growth and lift inflation, economists say
March 18, 2025 | Financial Times
In a poll conducted by Chicago Booth’s Kent A. Clark Center for Global Markets and the Financial Times, economists warned that inflation will accelerate and economic growth will slow in the U.S.
Fast-er food: A productivity surge at U.S. restaurants
March 18, 2025 | NPR Planet Money
A study by Chicago Booth’s Chad Syverson and coauthors found that after 2020, productivity in the restaurant industry surged even higher than pre-COVID levels.
It’s time to get hardcore about your core values
March 17, 2025 | Crain’s Chicago Business
An article by Chicago Booth’s Michael Curry breaks down the importance of core values in business-building relationships.
Fear and resignation after ‘world’s most powerfully company’ pays Trump a $100 billion ‘protection fee’
March 13, 2025 | CNN
Chicago Booth’s Chang-Tai Hsieh comments on how Taiwan Semiconductor Manufacturing Company’s new investment in the U.S. might impact other major companies.
Trumponomics’ exorbitant burden
March 13, 2025 | Project Syndicate
In an op-ed, Chicago Booth’s Raghuram Rajan discusses why he finds a statement made by Stephen Miran—the incoming chair of the Council of Economic Advisors—on America’s large trade deficits unpersuasive.
China’s AI hype machine kicks into overdrive
March 13, 2025 | Bloomberg
Chicago Booth’s Bradford Levy discusses the rising popularity of AI in China. “The Chinese economy is on shaky ground right now. By fanning the hype around it, Beijing generates interest in their own firms.”
Couples most likely to divorce share a common economic trait, research shows
March 13, 2025 | Fortune
Research by Chicago Booth’s Marianne Bertrand and coauthors finds that when women earn more than their husbands, it significantly increases the likelihood of divorce.
What is Manus AI and is it having a DeepSeek moment?
March 11, 2025 | Euro News
“Overall, there’s a notable lack of transparency around what Manus is really capable of doing, which would suggest that for all the talk around Manus, there’s a good chance it won’t meet expectations,” says Chicago Booth’s Bradford Levy of the new AI platform.
Fed Chair Powell says interest rates on hold with economic uncertainty widespread
March 7, 2025 | Associated Press
At this year’s U.S. Monetary Policy Forum, hosted by Chicago Booth’s Kent A. Clark Center for Global Markets, Federal Reserve chair Jerome Powell addressed widespread economic uncertainty.
Is ChatGPT friend or foe? Workers in these cities will soon find out.
March 7, 2025 | Crain’s Chicago Business
Chicago Booth’s Anders Humlum discusses the potential impact of ChatGPT on the workforce: “It seems clear white-collar, more highly paid work is more exposed, and we should focus our attention on those occupations, which tend to be clustered in cities.”
Eugene Fama and David Booth on the birth of modern finance
March 6, 2025 | Bloomberg Odd Lots
On the Bloomberg Odd Lots podcast, Chicago Booth’s Eugene Fama, MBA ’64, PhD ’64, and David Booth, ’71, discuss their documentary Tune Out the Noise and the birth of modern finance.
What if the U.S. just deleted government spending from GDP?
March 3, 2025 | Marketplace
Chicago Booth’s Guido Lorenzoni said if the U.S. were to delete government spending from gross domestic produce reports, it would likely be a publicity stunt.
Most Disruptive MBA Startups Of 2024
March 3, 2025 | Poets & Quants
Encore, a startup founded by Will Anema, AB ‘20, MBA ‘24, while he was at Booth, was recently among 41 student ventures honored in P&Q’s 6th annual “Most Disruptive MBA Startups.” The list highlights startups with the greatest potential for lasting beyond business school. An online reseller of high-end collectibles, Encore has processed over 400,000 transactions and reeled in $2.15 million dollars in investment since its founding.
How culture shapes capitalism around the world
March 2, 2025 | Financial Times
Research led by Chicago Booth’s Thomas Talhelm traces Asia’s more collectivist social structure back to the historically laborious process of rice farming.
North Korea’s $1.5 billion crypto hack exposes bitcoin’s weakness
February 26, 2025 | Marketwatch
Chicago Booth’s Eric Budish says crypto investors should be cautious, because cryptocurrencies’ vulnerability to attacks is growing
Indian firms focusing on application of AI
February 25, 2025 | Bloomberg Daybreak: Europe
A lot of small and medium-sized firms in India are beginning to focus on the applications of AI, says Chicago Booth’s Raghuram Rajan.
Meet the world’s 24 superbillionaires
February 25, 2025 | The Wall Street Journal
Chicago Booth’s Steven Kaplan and Luigi Zingales discuss the rise of the superbillionaire class in the US.
Was DEI really just performative political theatre?
February 20, 2025 | Financial Times
An op-ed by Chicago Booth’s Raghuram Rajan discusses the recent dialing back of diversity, equity, and inclusion efforts at private US companies.
Trump says he could give 20% of DOGE savings back to Americans
February 20, 2025 | Al Jazeera
“My guess is that 100 percent of the ‘savings’ will be used to pay the severance payments to the workers that they let go,” says Chicago Booth’s Canice Prendergast on targeting DOGE for financial waste management.
Make things easy for customers and see the growth you’ve been dreaming of
February 17, 2025 | Crain’s Chicago Business
An article by Chicago Booth’s Michael Alter explains why the easier a customer’s experience is, the more successful a business will likely be.
MBA applications bounce back in tougher job market
February 16, 2025 | Financial Times
“I think it’s definitely influenced by the softening job markets,” says Chicago Booth’s Donna Swinford. “There’s an increase of people coming from tech, and also consulting, who are applying.”
Raghuram Rajan discusses India’s trade prospect with China and the US under Trump presidency
February 16, 2025 | CNBC Squawk Box Asia
Chicago Booth’s Raghuram Rajan discusses trade relations between India, China, and the US.
Dr. Raghuram Rajan on India-US ties
February 15, 2025 | Brut India
Chicago Booth’s Raghuram Rajan discusses potential US tariffs on India. “In fact, I think, almost surely we will have some tariffs levied.”
US-India could be ‘a key relationship in the 21st century’, says Raghuram Rajan
February 14, 2025 | CNBC Squawk Box
In this CNBC interview, Chicago Booth’s Raghuram Rajan discusses the potential benefits of a strong trade relationship between the US and India.
Bradford Levy of the University of Chicago Booth School of Business: DeepSeek’s “low-cost revolution” challenges the hegemony of AI giants
February 13, 2025 | Sina News
Chicago Booth’s Bradford Levy speaks on the challenges DeepSeek may pose to AI giants.
Retailers including Trader Joe’s and Kroger have begun limiting egg purchases
February 13, 2025 | NPR
“Hoarding is contagious and not necessarily irrational,” says Chicago Booth’s Ayelet Fishbach of the rising egg purchases in the US.
US and India to double bilateral trade in five years, Prime Minister Modi says, as Trump tariffs loom
February 13, 2025 | CNBC.com
Chicago Booth’s Raghuram Rajan says the target of $500 billion in trade between the US and India could be achievable.
Bank of England’s Bailey says deregulation can be bad for growth
February 11, 2025 | Bloomberg
At an event hosted by the University of Chicago Booth School of Business in London, Bank of England governor Andrew Bailey warned politicians against slashing regulation.
Trump’s new tariffs will hit American consumers the hardest
February 10, 2025 | Beijing Review
A 2024 survey conducted by Chicago Booth’s Kent A. Clark Center for Global Markets finds that 98 percent of more than 40 leading global economists agree on tariffs increasing prices for consumers.
The mood of the American consumer is souring
February 7, 2025 | The Wall Street Journal
A survey by Chicago Booth’s Michael Weber and his coauthors finds that American consumers believe that they would have to cover, on average, almost half the cost of a hypothetical 20 percent tariff.
Nobel Prize-winning economist: Bitcoin will be worth nothing in 10 years
February 6, 2025 | The Street
Chicago Booth’s Eugene Fama says cryptocurrency as a “medium of exchange is not supposed to survive.”
A look at the economic impact of the 2017 tax cuts
February 5, 2025 | NPR Marketplace
Chicago Booth’s Eric Zwick comments on the economic impact of the 2017 tax cuts.
Meet Chicago Booth’s MBA class of 2026
February 5, 2025 | Poets&Quants
Read the stories of Chicago Booth’s MBA Class of 2026 in this Poets&Quants article.
Boosting EU demand and a stronger euro would prevent trade war
February 3, 2025 | Politico
An article authored by Chicago Booth’s Veronica Guerrieri, Guido Lorenzoni, and their coauthors discusses how a trade war can be averted between the US and Europe.
Trade expert says threats of tariffs could cost consumers, whether they go into affect or not
February 3, 2025 | WBBM News Radio
Chicago Booth’s Rodrigo Adao discusses the potential impact of tariffs on goods from Canada, China, or Mexico on Americans. “We should be worried about the fact that they can increase the cost for everyone in the US.”
Are conservatives behind ‘de-banked’?
February 3, 2025 | The Washington Post
“Banks are at risk if they have shady customers,” says Chicago Booth’s Anil Kashyap. “They pay fines frequently.”
DeepSeek’s breakthrough: A shift in AI economics?
January 31, 2025 | Silicon Canals
An article by Chicago Booth’s Bradford Levy discusses DeepSeek AI and its relation to economics.
High inflation sows debate about new Fed playbook for tariffs
January 31, 2025 | New York Times
A survey conducted by Chicago Booth’s Michael Weber and coauthors finds that consumers are already moving up purchases and stockpiling goods in anticipation of future increased prices.
Bain and KKR’s brutal battle over trove of hidden assets
January 30, 2025 | Financial Times
Chicago Booth’s Steven Kaplan comments on the fight between Bain Capital and KKR to control Fuji Soft. “This kind of dispute likely wouldn’t get to this stage in the US.”
Many governments talk about cutting regulation but few manage to
January 30, 2025 | The Economist
Research by Chicago Booth’s Eric Zwick and Chang-Tai Hsieh offers insights into the financial burden that heavy regulation can have on business.
Industry Weighs in on DeepSeek Launch
January 28, 2025 | AI Business
“DeepSeek has sent shockwaves through the tech industry, directly challenging tech giants like Meta, Microsoft, and Open AI,” says Chicago Booth’s Bradford Levy of the emerging AI company.
Hospitals-at-home alternatives score with some providers
January 28, 2025 | Modern Healthcare
Chicago Booth’s Matt Notowidigdo discusses the potential strengths and weaknesses of hospital-at-home programs.
Why common problems are often worse than we realize
January 27, 2025 | The New York Times
Telling people that a problem is prevalent tends to make them decide it’s less serious, according to research by Ayelet Fischbach and coauthors. “People believed dire problems—ranging from poverty to drunk driving—were less problematic upon learning the number of people they affect.”
As sales slump, Kohl’s turns to new CEO to bring back customers
January 27, 2025 | CNN.com
“If you want to keep stores open, you’ve got to give people reasons to shop in your store,” says Chicago Booth’s Jean-Pierre Dubé.
What are small luggage models really good for?
January 21, 2025 | Tech Monitor
Chicago Booth’s Bradford Levy discusses the strengths and weaknesses of small language models for business use.
Ex-RBI Gov. Raghuram Rajan on world GDP, public debt, US economy
January 21, 2025 | Bloomberg Surveillance
“Good times are when we create space for the bad times. Are we creating the space? We certainly need to do more,” says Chicago Booth’s Raghuram Rajan ahead of the 2025 World Economic Forum.
Sometimes the riskiest choice is playing it safe
January 20, 2025 | Crain’s Chicago Business
In an article by Chicago Booth’s Jamie Shah discusses the importance of taking calculated risks. “Playing it safe can mean playing small. It can mean passing up the chance to define success.”
Debunking popular myths surrounding MBA admissions
January 19, 2025 | The Hindu
Chicago Booth’s Donna Swinford shares how to navigate the MBA application process with confidence and clarity.
Are realtors having an existential crisis?
January 17, 2025 | Freakonomics
On the Freakonomics Radio podcast, Chicago Booth’s Chad Syverson and other economists discuss the real estate industry and housing prices.
What did Trump tax cuts do? Nobody really knows.
January 17, 2025 | The New York Times
Research from Chicago Booth’s Eric Zwick and his coauthors finds that lower corporate tax cuts established by law in 2017 helped stimulate more corporate investment.
Balance of power shifts back towards bosses
January 13, 2025 | The Wall Street Journal
“Firms are trying to reset expectations,” says Chicago Booth’s Michael Gibbs on recent employer changes to remote-work policies and employee benefits.
TikTok ban update: SCOTUS likely to uphold TikTok ban unless Chinese-owned ByteDance divests
January 10, 2025 | ABC 7 Chicago
Chicago Booth’s Tom Hafen comments on the TikTok ban and how it could affect small businesses.
Do you want the good feedback, or the bad feedback?
January 10, 2025 | Financial Times
An article by Chicago Booth’s Ayelet Fishbach and her coauthor examines the effect feedback has on learning.
How a buddy system can help you reach your goals
January 7, 2025 | NPR: Life Kit
Chicago Booth’s Ayelet Fishbach discusses the importance of working with others to help us reach our goals.
Donald Trump’s ‘Maganomics’ will damage growth, economists tell FT polls
January 1, 2025 | Financial Times
Economists polled by Chicago Booth and the Financial Times believe that protectionist policies are likely to damage growth, spur inflation, and make the Federal Reserve more cautious about cutting interest rates.