Is the Price Right? Two Nobel Laureates Debate How Markets Work
Revisiting a conversation between Eugene F. Fama and Richard H. Thaler on the efficiency of financial markets.
Is the Price Right? Two Nobel Laureates Debate How Markets WorkWhy banks pay ever-larger dividends
Investors use the payments as a proxy for financial strength
Paying regular and increasing dividends allows banks to signal confidence about their solvency.
Eric Floyd, Nan Li, and Douglas J. Skinner, “Payout Policy through the Financial Crisis: The Growth of Repurchases and the Resilience of Dividends,” Journal of Financial Economics, November 2015. Chart reprinted with permission from Elsevier.
Revisiting a conversation between Eugene F. Fama and Richard H. Thaler on the efficiency of financial markets.
Is the Price Right? Two Nobel Laureates Debate How Markets WorkSuch default options make cardholders less likely to miss a payment, but can also result in more interest paid over time.
Why Automatic Minimum Payments Lead to Mounting Credit-Card DebtsWhen everyone uses benchmarks as incentives, doing so becomes less effective, research finds.
Benchmarking Fund Managers’ Pay Can Lower Returns and Raise FeesYour Privacy
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