Economics

STANFORD GRADUATE SCHOOL OF BUSINESS—Overconfident CEOs who overestimate their ability to generate value within their company systematically make distorted decisions about when, how, and how much to invest in new projects according to research. Ulrike Malmendier, assistant professor of finance at...
(View the letter as it appeared in the Financial Times) November 9, 2010 The Basel III bank-regulation proposals that G20 leaders will discuss fail to eliminate key structural flaws in the current system. Banks’ high leverage, and the resulting fragility and systemic risk, contributed to the near...
STANFORD GRADUATE SCHOOL OF BUSINESS—Search for a keyword on the web, and at the top or to the right of the list of results you're likely to see several specially highlighted entries, usually links to relevant businesses, whose "top billing" has been purchased through online auctions. Revenues...
STANFORD GRADUATE SCHOOL OF BUSINESS—Each week millions of readers look at the New York Times bestseller list to see what everybody else in the country is reading. And as soon as a title hits the list, booksellers typically push the book to the front of the store and slash its price by as much as...
STANFORD GRADUATE SCHOOL OF BUSINESS—Most Broadway plays charge a startling variety of prices for tickets. That person sitting next to you in the back of the orchestra might have paid a premium by ordering over the phone—or stood on line at a discount ticket booth and forked over half of what you...
STANFORD GRADUATE SCHOOL OF BUSINESS—Marketing has always been the voice of the customer--a conduit through which the rest of the company can hear the wishes of its customers. With the Internet, the voice of the customer becomes a shout, says GSB faculty member Ward Hanson. Early online marketing...
Your grandmother’s habit of hoarding pennies in a jar notwithstanding, until now there’s been no hard evidence that economic events like the Great Depression actually change investment behavior. A study by Stefan Nagel and Ulrike Malmendier, however, stands conventional economic wisdom on its head...
STANFORD GRADUATE SCHOOL OF BUSINESS—Saving for retirement is hard enough. It turns out, though, that spending intelligently during retirement is difficult as well. The soon-to-be-retired person has to make a range of decisions about spending that will have real consequences for as long as he or...
STANFORD GRADUATE SCHOOL OF BUSINESS—Those who work in the most complex manufacturing environments have the most to gain from the use of problem-solving teams, according to a recently published study. As the United States concentrates its manufacturing base, workers are more likely to be...
Kenneth W. Shotts
STANFORD GRADUATE SCHOOL OF BUSINESS - California Governor Earl Warren, a relatively liberal Republican and future U.S. Supreme Court Chief Justice, was facing a difficult reelection challenge in 1950, the height of the McCarthy Era. With his conservative opponent making an issue of alleged...

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