Cigarettes, canned fish, and mortadella raise red flags. But beans, milk, and vinegar salad dressing suggest fiscal responsibility. Those are the findings of a proof-of-concept paper “where we demonstrated that people’s shopping behavior in grocery stores correlated with their repayment of credit-card bills,” says Eric Anderson, a professor of marketing at the Kellogg School, who…
Ever heard of the Rising Pune Supergiants or the Gujarat Lions? Probably not, if you don’t live in India or follow cricket. They’re both former teams in the Indian Premier League (IPL). Brian Uzzi first heard of the teams through Satyam Mukherjee, who worked in Uzzi’s lab as a post-doctoral researcher and is now at…
It’s the question on everyone’s mind these days: Is artificial intelligence going to take my job? The effect of the latest generation of AI tools on the labor market still needs time to play out. But new research by Kellogg’s Bryan Seegmiller and Dimitris Papanikolaou hints at how this might unfold. The researchers, along with…
Leo Acadia/theispot.com The Research The authors created a data set from publicly available information on LinkedIn in 2022 provided by Bright Data. It included all U.S. financial services industry companies on the platform, as well as their employees’ education and work histories over the past 20 years. Based on observations for 5,500 businesses that had…
History was made at the Vatican when the first American-born pope—Cardinal Robert Prevost, now Pope Leo XIV—was elected as the new head of the Roman Catholic Church. As a devout Catholic, I welcome the election of the 69-year-old cleric as a sign of strength and health for the church and its 1.4 billion communicants around…
Nobel Prize-winning economist Daron Acemoglu challenges the AI revolution narrative with surprising data: AI will likely automate just 5% of tasks and add only 1% to global GDP this decade. And where the internet’s potential was clear early on, AI’s is not, and the technology has yet to deliver applications that can transform production or…
For some of us, the rapid rise of artificial intelligence might not seem the least bit worrisome. We’re learning about it and testing it. And we’re slowly but surely integrating the new technology into our lives and work. In other words, we’re adapting—just as we did with the emergence of the internet and smartphones and…
When healthcare economist David Dranove noticed blood in his urine, he wasn’t immediately concerned: hematuria had several causes, many of which were benign. Dranove, a professor of strategy at Kellogg, would later learn he had bladder cancer. Seeking treatment was anything but simple—which, for a healthcare economist, speaks volumes about the complexity of the market.…
Matt Chinworth/theispot.com Why would an inventor like Charles Babbage insert deliberate errors into the blueprints of the world’s first computer? And why did Apple mislabel early iPhone prototypes as iPods? Actions like these may not seem intuitive but are in fact central elements in an innovation strategy that has long flown under the radar. Babbage,…
Josh Weiner, senior vice president of consumer engagement and analytics at CVS Health, is passionate about making health care more personalized, connected, preventative, and accessible. On today’s episode of the Me, Myself, and AI podcast, Josh joins hosts Sam Ransbotham and Shervin Khodabandeh to explain how the integrated health care company is structured and how…