Some recent citations of our faculty's work in the news media:

Daylian Cain Talks about "Business Ethics Meets Behavioral Economics" Course in WSJ

In a Q&A with the Wall Street Journal, Daylian Cain discussed teaching students to be socially responsible managers and his new course "Business Ethics Meets Behavioral Economics." He said, "We don't want to merely say lying is wrong; we are not trying to change people's values from evil to good. Behavioral economics is such a great tool because it shows how people make bad decisions and separate their actions from their values. [Once they see this] we can show students all the ways they will fail even by their own standards." Cain's research on disclosure, "The Dirt on Coming Clean" (with Loewenstein and Moore), which came out of his dissertation, recently became among the Social Science Research Network's Top 10 papers in "Behavioral Marketing: Public Policy and Consumer Behavior." A follow-up to this research has recently been (conditionally) accepted at the Journal of Consumer Research.

Shane Frederick's Research on IQ and Decision Making Featured in New Scientist

Shane Frederick's paper "Cognitive Reflection and Decision Making (Journal of Economic Perspectives, 2005), was cited in the New Scientist article "Why a High IQ Doesn't Mean You're Smart." In the paper, Frederick examined how cognitive ability influences judgment and decision making.

Howard Forman and Stan Garstka Discuss Value of MBAs in Healthcare Sector

Howard Forman and Stan Garstka discussed the healthcare sector's need for business skills and the Yale MBA for Executives: Leadership in Healthcare program in the Financial Times. Garstka said, "One of the things lacking in the healthcare space is a broader business perspective. So by creating formal management programs and sending healthcare professionals to do MBAs, they learn best practices from other industries."

Will Goetzmann Comments on Private Fund Investment Advisers Registration Act

On The Deal.com, Will Goetzmann commented on the Private Fund Investment Advisers Registration Act of 2009 that would require private funds, including hedge funds, to register with the SEC. Goetzmann and others believe that the regulation may not help mitigate systemic risk, which lies with the financial institutions. "Hedge funds as a vector are second order," he said.

Gary Gorton and Geert Rouwenhorst's Commodity Research Featured in FT

"Facts and Fantasies about Commodity Futures" by Gary Gorton and Geert Rouwenhorst was cited in a Financial Times report about the contango problem with commodity indices.

Lisa Kahn's Labor Market Research Featured on OMB Blog

Peter Orszag, Director of the White House Office of Management and Budget, recently wrote about Lisa Kahn's paper "The Long-Term Labor Market Consequences of Graduating from College in a Bad Economy" on the OMB Blog. The paper finds that college graduates who enter the labor market in a bad economy suffer long-term negative wage effects. The paper was also featured on the NPR website and in the Straits Times.

Jonathan Koppell: Name Order on Election Ballots Can Affect Votes

Jonathan Koppell discussed his research that examines the implications of name order on election ballots on Chicago Public Radio. He found that candidates who are listed first can receive a bump of a few percentage points depending on the office for which they are running. Name order matters very little in a presidential race because voters are familiar with the candidates. "But if they're going in to vote for dog catcher, let's say, they're confronted with a list of names, and they don't really know who they're talking about, and so the first one that happens to grab their eye, may be the one that they pull the lever for," he said.

Ira Millstein Speaks at Event Promoting Democratic Governance in Developing Countries

Ira Millstein was a featured speaker at the "Democracy that Delivers" conference hosted by the Center for International Private Equity. The event focused on improving the quality of democratic governance and economic growth in developing countries throughout the world. His comments on shareholder activism were cited in the Atlantic Online commentary "Shareholders: Part of the Solution or Part of the Problem?"

Mushfiq Mobarak Receives Funding to Develop Improved Cook-Stoves in Bangladesh

Mushfiq Mobarak and colleagues from the Yale School of Forestry & Environment Studies and the Department of Mechanical Engineering have received research funding from the Yale Climate and Energy Institute for a project on developing and disseminating improved cook-stoves in rural Bangladesh. Half of the world's population and 75% of South Asians rely on dung, brush, and wood as their primary energy source for cooking. The resulting black carbon (soot) emissions are thought to be the leading contributor to indoor air pollution, which is associated with acute respiratory infections (a leading killer of children worldwide), as well as climate change. Mobarak is the lead principal investigator.

Barry Nalebuff Comments on Cell Phone Price Plans in the NYT

Barry Nalebuff discussed cell phone price plans in the New York Times. "The whole pricing thing is weird. You pay $60 to make your first phone call. Your next 1,000 minutes are free. Then the minute after that costs 35 cents." In Forbes, Nalebuff and Ian Ayres contributed the column "Winning the Audit Lottery," in which they suggest that the IRS double the number of audits it conducts and compensate taxpayers chosen for an audit. Doing so would bring in additional revenue for the IRS, motivate taxpayer honesty, and improve the outdated statistical profiles of noncompliance the IRS currently uses to decide which returns to target for audits.

Sharon Oster Writes about Globalizing B-Schools in Business India

Sharon Oster contributed the column "Truly Global" to Business India. She was one of several top business school deans who shared their perspectives on globalizing management education. She wrote, "Just as contemporary business has become global in scope and scale, MBA students are embracing global opportunities in their choices of schools and courses, and in their career preferences. In this changing environment, it is incumbent on all business schools to be mindful of the need for consistent global perspectives in their research, curricula and programmatic offerings."

Jeffrey Sonnenfeld Comments on Executive Pay

Jeffrey Sonnenfeld discussed the White House order that TARP recipients cut executive pay and pay czar Kenneth Feinberg on the Today Show, CNBC, Financial Times, New York Times, and Economic Times. He commented on AIG CEO Robert Benmosche's threat to resign due to the government's pay constraints in the Wall Street Journal and on CNBC. He said, "He's done himself some lasting damage with Congress and regulators and this temper tantrum did not strengthen his hand. The board can't tolerate stare downs." He also discussed the state of billionaire investors on NPR as Kirk Kerkorian sold his shares of Ford; the board of Chrysler in the Wall Street Journal; Kraft's hostile bid for Cadbury in the New York Times; and outgoing New Jersey Governor Jon Corzine in the Star-Ledger.

Shyam Sunder: Quality and Quantity of Teachers in India Must Improve

Speaking at the Higher Education Summit in New Delhi, Shyam Sunder discussed the need to improve the quality and quantity of teachers in India. "India has one of the lowest ratio of teachers. In the US, it's 3,200 teachers per million people, in the Caribbean it's 1,500, in the Arab countries it's 800 and in India it's 456 teachers per million people….For a variety of reasons, teaching is not a very attractive career option to youngsters these days. It mostly comes as a last resort to many. Therefore we are not getting the best of the lot." His comments were reported by the Indo-Asian News Service.