Author: EconLearner

School segregation has been associated with improved long term outcomes for black students. Less is known about the long-term impact on white students who attended desegregated schools. An unknown: Did compulsory desegregation programs shape the political ideology of white students as adults?Jörg Spenkuch, associate professor of managerial economics and decision sciences at the Kellogg School, is interested in this question and how it might help clarify more broadly: What determines our political inclinations and to what extent they are determined by experiences where do we have when you are young?To explore these ideas, Spenkuch collaborated with Ethan Kaplanat the University…

But excitement doesn’t easily translate into impact for your organization.”There’s a huge amount of effort and investment and focus on data analytics right now,” he says Tom O’Toole, senior associate and clinical professor of marketing at the Kellogg School, who was previously CMO at United Airlines and CMO and CIO at Hyatt Hotels Corporation. “But the reality is that companies still struggle to understand how, in practice, to connect analytics to business outcomes.”A fundamental problem is that companies typically approach analytics development as a technical challenge: hire data scientists, adopt the right software, and then reap business benefits. But getting…

The Wordle logo appears on a smartphone with the New York Times in the background. On September 18 … [+] 2023, Brussels, Belgium. (Photographic illustration by Jonathan Raa/NurPhoto via Getty Images)NurPhoto via Getty Images Another day, another Wordle. Only, today is 2XP Friday, which means all Competitive Wordle players can earn—or lose—double the points! Huzzah! November is passing us by quickly. Soon, we will celebrate Turkey Day and give thanks for all the many blessings we have in this life. Then it’s our big national holiday: Black Friday. Get ready for these sales! discounts! discounts! I’m already itching to decorate…

You can remind yourself how happy you are in general, so you don’t have to cut corners, or (in case of financial temptation) how much money you have in savings, so you don’t have to earn more by questionable means. But according to two researchers at the Kellogg School, there’s another important element that you probably wouldn’t imagine: a psychological phenomenon called “regulatory adaptation.”Decades of research have identified two basic approaches to motivation: a promotion-focused style, which emphasizes aspiration and thinking about positive outcomes, and a prevention-focused style, which focuses on maintaining safety, fulfilling obligations, and to avoid problems. Most…

Most businesses would welcome a crystal ball that predicts their future expenses. And, in a way, that’s what online retailers get in the time between receiving an order and having it delivered to their customers’ doors.For example, take mattress retailers that offer one-week delivery. This weekly window allows the business to see its own transportation needs one week into the future—that is, what it would have to spend to get its mattress to everyone who ordered one on a particular day.Then again, a crystal ball that can only be seen a week in advance may not seem very powerful. So…

Family getaways and hot dog barbecue holidays lure employees away for long periods. Even when out-of-office responses are turned off, daydreaming can make it difficult for anyone to focus on work.Want to fight the summer slump? Research from the Kellogg School explores how organizations can keep staff motivated and on track year-round.1. Offer the right incentivesThe lure of career advancement can keep employees working hard when they’d rather be at the beach. But what’s an organization to do when there aren’t plenty of deals to hand out?Michael Powellassociate professor of strategy and his colleagues created a mathematical model to explore…

New to the Erika Taught Me podcast? Start here: Barbara Corcoran (Shark Tank) on success: https://youtu.be/iL4Pc5povO8 What …

America must decide which way it wants to go with immigration reform. Here is the way forward.getty At the center of the US immigration debate is a complex web of issues, with the need to manage the influx of immigrants crossing the southern border without prior authorization. Close behind is the question of what to do with the nearly ten million undocumented immigrants who have come to live in the United States, with the vast majority now here for over a decade. US refugee policy is one factor to consider.getty International Obligations and Refugee Protection Core international obligations regarding refugees…

“In many people’s minds, donations from corporations tend to be corrupt or have the potential to be corrupt, while donations from individuals are seen as mostly ideologically driven,” he says. Eduardo Tessoassistant professor of managerial economics and decision sciences at the Kellogg School. But does this common distinction reflect reality? After all, many people are connected to companies, and if they are high enough in their organization’s hierarchy, they may benefit greatly from a particular candidate’s victory. It’s an important question to ask because donations from individuals make up the majority of campaign contributions — by far. In 2018, more…

How does this store use your likes and comments? Rather, he uses them to shape his social media marketing strategy. But it’s much less likely that the retailer will use that data to make operational decisions, like how many pairs of those jeans to make or whether to cut prices.That could change. In a recent study, Antonio Moreno, associate professor of operations at Kellogg, found that social media data can improve sales forecasts. When the researchers incorporated information about a clothing company’s Facebook interactions into predictive models, they were able to more accurately estimate purchases the following week.The use of…