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 • mit
Feb. 20, 2020 ~7 min

finance economics research behavioral-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 • mit
Sept. 4, 2019 ~8 min

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

Parag Pathak wins John Bates Clark Medal | MIT News

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

Peter Dizikes | MIT News Office • mit
April 20, 2018 ~6 min

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

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 • mit
April 17, 2018 ~7 min

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

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 • mit
March 27, 2018 ~9 min

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

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 • mit
Sept. 18, 2017 ~4 min

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

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 • mit
Aug. 1, 2017 ~3 min

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

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 • mit
June 30, 2017 ~13 min

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

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 • mit
Jan. 31, 2017 ~4 min

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

Better wisdom from crowds | MIT News

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

Peter Dizikes | MIT News Office • mit
Jan. 25, 2017 ~8 min

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