Videos

Thaler and Sunstein reminisce at their favorite Hyde Park lunch spot, Noodles, where they say they did some of their best work on the book. Noodles was so important to the creative process, it even made the acknowledgments. The two talk about what eac...

One of the key questions in corporate finance is how a firm's reliance onexternal finance affects its investment policy. New research suggests that creditors play a much more direct role in firm investment policy than has been previously recognized.

The widespread adoption of new technologies-from the automobile to the internet-tends to be accompanied by stock market booms and busts. Why do the stock prices of innovative firms tend to exhibit apparent "bubbles" during technological revolutions?

A fundamental economic question is the tradeoff between investment and consumption and how it determines asset prices in the macroeconomy. New research studies the relationship between consumption and asset prices using microeconomic data.

How do we choose the means--that is, the actions, objects, or other resources--with which we attempt to achieve our goals? New research suggests that these choices are partly determined by the extent to which available means are only good for the speci...

The current practice of charging money for life-saving health products in developing countries is a source of controversy among policymakers. Opponents argue that the practice is unfair and that fees will result in goods only reaching the richest of th...

Since the 1990s, foreign capital has become an increasingly importantsource of financing for emerging market firms. Because companies thataccess global capital markets receive substantial benefits, it is difficult tounderstand why so few firms take adv...

Even though insider trading laws have become stricter over time, insiders are still trading their company's stock and making money from trades. New research examines how insiders limit trading their company's stock for fear of legal repercussions when ...

It has long been suspected that fear of competition spurs managers to hide better-than-average business unit profit performance. However, a new study instead finds evidence that fear of increased oversight leads managers to hide less-than-average busin...

Mutual fund managers tend to invest more heavily in companies headed by senior officers who attend the same universities as the fund mangers. Futhermore, those investments tend to be more fruitful than their holdings in firms with which they have no co...