As technology continues to improve, it requires less and less imagination to foresee how robots, computers, and artificial intelligence might drastically improve productivity in many industries—and displace human workers.
Market performance under Republican presidents may be in part due to timing.
Researchers hope to spur new lines of inquiry about how to quantify culture’s impact on economic performance, using company values as a proxy for cultural norms.
It pays for a company to keep its word.
Professor Luigi Zingales employs an innovative methodology—including showing scenes from Hostel—to quantify the extent to which fear caused investors’ risk aversion to spike after the 2008–09 financial crisis, impeding their ability to make smart investment choices.