When the 2015 Paris Agreement set a long-term goal of keeping global warming “well below 2 degrees Celsius, compared to pre-industrial levels” to avoid the worst impacts of climate change, it did not specify how its nearly 200 signatory nations could collectively achieve that goal. Each nation was left to its own devices to reduce […]
Category: Economics
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What lies beneath
Why do people wear Rolex watches or drive Bentleys, when less expensive goods can perform better? Why does anyone fight the crowds at the Louvre to see the “Mona Lisa” for 30 seconds, when they could view it online for hours? Well, they may be engaging in “costly signaling,” in which people display their wealth […]
Money in the Metaverse (with Citi’s Ronit Ghose)
Fintech expert Ronit Ghose argues that the metaverse will be as transformative as the arrival of e-commerce and explains how money will function in this new world.
J-PAL launches the Egypt Impact Lab to improve lives through evidence-informed policymaking
A new collaboration between the Middle East and North Africa regional office of MIT’s Abdul Latif Jameel Poverty Action Lab and Egypt’s Ministry of Planning and Economic Development aims to strengthen the effectiveness of Egypt’s poverty alleviation policies through rigorous evaluation and innovation. The new initiative, the Egypt Impact Lab, will connect academics with government […]
QS World University Rankings rates MIT No. 1 in 12 subjects for 2022
MIT has earned a No. 1 spot in 12 subject areas, according to the QS World University Rankings for 2022, announced today. The Institute received a No. 1 ranking in the following QS subject areas: Architecture/Built Environment; Chemistry; Computer Science and Information Systems; Chemical Engineering; Civil and Structural Engineering; Electrical and Electronic Engineering; Materials Science; […]
How to weigh your options
The Black-Scholes-Merton model, the world’s most famous method of pricing stock options, emerged from MIT in the early 1970s. But as Robert C. Merton, one of its co-creators, explained in an annual Institute lecture on Monday, the real value of the method does not simply lie in understanding the value of stocks. It lies in […]
Talking to Your Customers About Prices
Even if inflation means you have to charge more, don’t try to hide it from your customers.
MIT graduate engineering, business, science programs ranked highly by U.S. News for 2023
MIT’s graduate program in engineering has again topped the list of U.S. News and World Report’s annual rankings, released today. The program has held the No. 1 spot since 1990, when the magazine first published these rankings. The MIT Sloan School of Management also placed highly, landing in the No. 5 spot for the best […]
Study: Higher minimum wages raise voter turnout
Many states across the U.S. have raised the minimum wage in recent years. Such measures do not only affect low-wage workers’ pocketbooks, however. As a study by MIT political scientists shows, higher minimum wages also make people more likely to vote in elections. The study found that in New York City, increases in the minimum […]