Adaptive behavior, markets, and what it means for curing cancer

MIT Sloan finance professor Andrew Lo is working to solve global issues through his studies of financial markets. He's also applying his research on risk to a problem that's not quite as conventional for a financial scholar: ...

The pros and cons of statistical tools to spot cartels

Experts estimate that illegal cartels of businesses harm consumers to the tune of many billions of dollars annually as they secretly collude to set prices, allocate territory, and distort market competition for their own ...

Global networks must be redesigned, professor says

The increasing interdependencies between the world's technological, socio-economic, and environmental systems have the potential to create global catastrophic risks. We may have to redesign global networks, concludes Professor ...

Upper class people more likely to cheat: study

The upper class has a higher propensity for unethical behavior, being more likely to believe – as did Gordon Gekko in the movie "Wall Street" – that "greed is good," according to a new study from the University ...

Online interactions can lead to risky financial decision-making

People who participate in online communities are more likely to make risky financial decisions, according to a new study from researchers at Rice University, the University of British Columbia and the University of Zurich.

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