Education, Business, & Law

How gender and racial biases are hurting economics

Following a survey released this month by the American Economic Association that reveals a disturbingly high level of gender bias in the field, Wharton’s Olivia S. Mitchell discusses the effects of gender and racial biases in the field of economics.

Penn Today Staff

Nostalgia is not enough: Why consumers abandon legacy brands

Legacy brands like Sears, Payless ShoeSource, and Toys “R” Us are shuttering their doors as customers abandon longstanding consumer mainstays. Despite customers having emotional connections to certain stores, “It is more like these brands are breaking up with the customers,” says Santiago Gallino of the Wharton School.

Penn Today Staff

Who made that decision: You or an algorithm?

Wharton’s Kartik Hosanagar’s new book, “A Human’s Guide to Machine Intelligence: How Algorithms Are Shaping Our Lives and How We Can Stay in Control,” examines how algorithms influence our decisions.

Penn Today Staff



In the News


Philadelphia Inquirer

Trump-friendly Newsmax bundled into Comcast’s Xfinity service

The Annenberg School for Communication’s Victor Pickard discussed conservative news channel Newsmax and its recent deal with Comcast. If Comcast is “feeling the heat from the right, it will make sense to appease some of those critics,” said Pickard.

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Boston Globe

Boxes, pouches, cartons, and envelopes — oh my!

Eric Orts of the Wharton School spoke about the environmental impact of packaging waste. “Lots of it will still go into a landfill, for no really good reason,” said Orts. “If you look at something like the distribution system of Amazon, it doesn’t seem that hard to shift this.”

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NPR

What can a personality test tell us about who we are?

Adam Grant of the Wharton School spoke about his concerns with the Myers-Briggs test, when used by companies to make staffing decisions. “It’s a great way to weed out diversity,” Grant said.

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Associated Press

California eyes risk pool as it struggles with costly fires

The Wharton School’s Carolyn Kousky said California is at such high risk for wildfire that even risk pools and catastrophe bonds don’t appeal to investors.

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Bloomberg

Lyft’s tumbling stock is a worrying sign for other unicorns

When prices for Lyft’s stocks dropped on its second day of trading, the Wharton School’s David Erickson “was surprised that it blew through the IPO price so quickly. While there was a lot of enthusiasm on Friday, it’s obviously been dampened today, and it’s hard to recreate that moment once you lose it.”

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