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Podcasts episode·Apr 1, 2025

Crypto’s Fatal Flaw: Trust, Scale, and the Economics of Blockchain

Tess Vigeland and Eric Budish
Crypto’s most groundbreaking innovation, permissionless consensus, may also be its greatest vulnerability. In this episode, Chicago Booth economist Eric Budish...
Topics: Financial Markets, Technology & Innovation
Research Briefs·Sep 4, 2024

What Middle-Income Countries Can Learn from America’s Innovation System

Somik Lall and Ufuk Akcigit
The American model of innovation has long been the envy of the world. From the garage tinkerers of Silicon Valley...
Topics: Technology & Innovation
Podcasts episode·Jul 3, 2024

Using Cellphone Data to Observe Religious Worship in the United States

Tess Vigeland and Devin Pope
Using Cellphone Data to Observe Religious Worship in the United States What do location data from roughly 2.1 million cellphones...
Topics: Technology & Innovation
Research Briefs·May 17, 2024

Gaining Steam: Incumbent Lock-in and Entrant Leapfrogging

Anders Humlum and Richard Hornbeck
The adoption of new technologies can be slowed if companies become locked into alternatives that are cheaper at the outset....
Topics: Technology & Innovation
Podcasts episode·Feb 20, 2024

Closing the Achievement Gap: Is There an App for That?

Tess Vigeland and Ariel Kalil
Children whose parents have college degrees are often more skilled readers than children whose parents didn’t attend college. In this...
Topics: Early Childhood Education, Technology & Innovation
Research Briefs·Oct 23, 2023

From Transcripts to Insights: Uncovering Corporate Risks Using Generative AI

Alex G. Kim, Maximilian Muhn, and Valeri Nikolaev
ChatGPT generates measures of corporations’ exposure to risks that outperform existing measures in predicting firm-level stock market volatility and firms’...
Topics: Technology & Innovation
Research Briefs·Aug 10, 2023

ChatGPT and Corporate Policies

Manish Jha, Jialin Qian, Michael Weber, and Baozhong Yang
Investment scores generated by ChatGPT using conference call transcripts are strongly predictive of companies’ future capital expenditures for up to...
Topics: Technology & Innovation
Research Briefs·May 4, 2023

Bloated Disclosures: Can ChatGPT Help Investors Process Information?

Alex G. Kim, Maximilian Muhn, and Valeri Nikolaev
Using GPT to summarize corporate disclosures results in summaries that are shorter and more informative than the originals. “Bloated” disclosures...
Topics: Technology & Innovation
Research Briefs·May 4, 2023

How Important Is Corporate Governance? Evidence from Machine Learning

Ian D. Gow, David F. Larcker, and Anastasia A. Zakolyukina
Little support exists for a strong causal relation between corporate governance and firm outcomes, which are rather driven by such...
Topics: Technology & Innovation