Author: EconLearner

According to a new study from the Kellogg School, you’ll likely take more precautions against a sneaky agent than a plain old virus. Research shows that people are more likely to comply with health recommendations when diseases are anthropomorphized and given human characteristics, such as names, personalities or jobs.”If you think about a disease in human terms, you’ll be more likely to try to avoid it,” he says Maferima Touré-Tillery, associate professor of marketing. At the same time he wrote the newspaper Lily Wang of Zhejiang University and Ann L. McGill of the University of Chicago Booth School of Business.Previous…

This futuristic scenario is an example of how artificial intelligence can become part of healthcare. In fact, artificial intelligence systems are already being developed to read medical scans and tissue samples to determine whether a patient has a disease. Future software could analyze patterns in thousands of health records to identify the most effective treatment for a particular patient—for example, which cancer treatment might work best given their genetic makeup.In a recent paper, David Dranov and Craig Garthwaiteprofessors of strategy at Kellogg, explored the implications of integrating artificial intelligence into healthcare – specifically, how such software will affect the central…

“In many markets we think choice is a good thing,” says Starc. “People have different preferences and may want different things. If I give you three options instead of two, then worst case scenario, if the third option doesn’t work for you, just don’t take it, right?”But the health insurance market may not follow that rule of thumb because in this sector, unlike, say, groceries or electronics, “the cost depends on who’s buying the product,” says Starc. While insurers can no longer refuse to serve people with existing medical conditions or charge them higher premiums, factors such as age and…

Politically, this is a popular move. According polls, Americans across the political spectrum support the administration’s plan, which Democrats have proposed in various forms for more than two decades. The Congressional Budget Office says the program, triggered by last year’s Inflation Reduction Act, will save taxpayers $98 billion over the next decade.Less enthusiastic are pharmaceutical companies, which face extremely heavy fines or the loss of a huge customer base if they choose not to participate in the Medicare negotiations. (After private health insurance, Medicare is the second-largest buyer of pharmaceuticals, accounting for 30 percent of sales.) These companies say the…

Laptop, coffee and drawing with a male creative executive in his office for managing an online company. … [+] Computer, e-mail and typing with a young male designer at work on a project or exhibition in his officegetty With the new year just around the corner, rapidly evolving changes in the workforce and across all industries, and a global average salary of $120k as demand for project managers increases, there’s never been a more critical time for project managers to upskill them than now. More than ever, businesses rely on project management professionals to meet the needs of an evolving…

AI can hurt your businessGlenn Gow with DALL-E (This article is part of a series on Artificial Intelligence for board members and senior executives.) In June 2023, Yale University gathered 150 founders, CEOs and chairmen of Fortune 500 companies, along with distinguished professors, investors and government officials, to discuss the “threats, hope and hype” of artificial intelligence. Among other lines of inquiry, the organizers asked the distinguished assembly to consider a challenging question: “Can AI destroy humanity??” And the results; 8% of participants thought that artificial intelligence could, in fact, destroy humanity within just five years. Another 34% said it…

This now familiar arc fascinated the social psychologist Ivuoma Onyeador, assistant professor of management and organizations at the Kellogg School, who wondered why discussions of prejudice so often morph into discussions of free speech or religious freedom. “We are no longer talking about the original dimension of criticism,” Onyeador observes. “Now we’re talking about something else, where the dominant members of the group could seemingly have the moral high ground.”He wanted to get to the bottom of the phenomenon: “What is the psychology behind it? Why is it useful, as opposed to other responses people might make to the review?’In…

The Quordle game displayed on a phone screen can be seen in this illustrative photo taken in Krakow, Poland … [+] on February 21, 2022. Quordle is a new word game that is an alternative to Wordle. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images Looking for tips and answers for Saturday’s Quordle? You can find them here: MORE FROM FORBESToday’s ‘Quordle’ hints and answers for Saturday November 11thWith Chris Holt Hi to all! I hope you are making the most of your Sunday. Tips and answers for today blanket the words are right in front. How to…

Perhaps you fear catastrophic illness or untimely accidents. Maybe you’re afraid you’ll lose your job (or work at the same boring job forever). Or maybe your biggest fear is that you won’t live up to your own high expectations or important obligations.Whatever keeps you up at night is likely to shape your decision-making at critical moments. Here are some of our favorite studies from the Kellogg School that tackle this tough—or maybe, scary—topic.Fear can prevent us from taking care of ourselvesThe fear of learning we might have a serious illness makes us less likely to get a mammogram or use…

While AmericaServes is geared toward helping veterans and their families, other similar service networks have emerged in the US with different focuses: mental health, family and children’s services, or homelessness, for example. The overall aim of service networks is to address the often neglected nature of service provision by integrating medical, social and other services to make it easier for people to access and benefit from them. After all, multifaceted issues require multifaceted interventions.”These new cross-organizational arrangements are trying to get people to the right benefit plans and services they’re eligible to receive,” he says. Michel SchumatNorthwestern professor of communication…