The trouble with round numbers

Study shows people prefer monthly payments in multiples of $100, even when it may cost them money.

Peter Dizikes | MIT News Office
Feb. 20, 2020 | mit

~7 mins   

Tags: behavioral-economics finance research economics sloan-school-of-management

How “information gerrymandering” influences voters

Study analyzes how networks can distort voters’ perceptions and change election results.

Peter Dizikes | MIT News Office
Sept. 4, 2019 | mit

~8 mins   

Tags: politics voting-and-elections behavioral-economics game-theory networks research social-media technology-and-society film-and-television government political-science sloan-school-of-management

Parag Pathak wins John Bates Clark Medal | MIT News

MIT economist lauded for work on education, market-design mechanisms.

Peter Dizikes | MIT News Office | April 20, 2018
~6 mins |

Tags:  awards-honors-and-fellowships  economics  social-sciences  faculty  school-of-humanities-arts-and-social-sciences  game-theory  behavioral-economics  education-teaching-academics

When going green is not black and white | MIT News

In a new book, MIT professor Yossi Sheffi examines the trade-offs companies face when grappling with sustainability issues.

Peter Dizikes | MIT News Office | April 17, 2018
~7 mins |

Tags:  business-and-management  center-for-transportation-and-logistics  sustainability  books-and-authors  faculty  transportation  supply-chains  environment  global  behavioral-economics

Measuring the economy with location data | MIT News

Startup’s platform crunches anonymized smartphone GPS data to understand how people shop, work, and live.

Rob Matheson | MIT News Office | March 27, 2018
~9 mins |

Tags:  startups  innovation-and-entrepreneurship-ie  data  retail  real-estate  industry  economics  finance  behavior  behavioral-economics  employment  mobile-devices  machine-learning  software  media-lab  alumniae  school-of-architecture-and-planning

Identifying optimal product prices | MIT News

New research describes a price-optimization method to increase online retailers’ revenue, market share, and profit.

Leslie Sheppard | Institute for Data, Systems, and Society | Sept. 18, 2017
~4 mins |

Tags:  business-and-management  prices  machine-learning  behavioral-economics  artificial-intelligence  data  civil-and-environmental-engineering  school-of-engineering

How to court millennial shoppers? Lose the logo | MIT News

Alumna Wendy Wen '09 co-founded an online handbag company to create a new generation of luxury for savvy younger shoppers.

Kate Repantis | MIT Alumni Association | Aug. 1, 2017
~3 mins |

Tags:  shass  business-and-management  economics  startups  alumniae  sloan-school-of-management  behavioral-economics  innovation-and-entrepreneurship-ie

Bolstering public support for state-level renewable energy policies | MIT News

Analysis shows the design and framing of renewable energy policies can strengthen public support — or opposition.

Nancy W. Stauffer | MIT Energy Initiative | June 30, 2017
~13 mins |

Tags:  research  energy  political-science  environment  emissions  renewable-energy  policy  government  climate-change  behavioral-economics  shass  mit-energy-initiative

Testing strategies for preventing violence and crime | MIT News

J-PAL North America funds randomized studies to evaluate crime-prevention programs.

J-PAL North America | Jan. 31, 2017
~4 mins |

Tags:  research  economics  behavioral-economics  behavior  shass  psychology  government  policy  social-sciences  abdul-latif-jameel-poverty-action-lab-j-pal  grants

Better wisdom from crowds | MIT News

MIT scholars produce new method of harvesting correct answers from groups.

Peter Dizikes | MIT News Office | Jan. 25, 2017
~8 mins |

Tags:  research  economics  brain-and-cognitive-sciences  crowdsourcing  social-sciences  behavioral-economics  behavior  sloan-school-of-management  shass  school-of-science

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