On the surface, universities are a nice idea. You go in, pick a subject you like, learn from the experts, and leave being job- and future-ready. This is why so many people (around 40% in rich countries) decide to go to college, even if it means making big...
People who try to learn purely through observation and theory miss a great deal and forget even more. That’s particularly true for anyone seeking to create value in business. Innovation occurs in a complex, dynamic environment; those who succeed do so because they manage to find the...
But who benefits from such forgiveness would depend largely on how it’s structured. Some policy approaches could chiefly benefit the highest earners, suggests research by University of Pennsylvania’s Sylvain Catherine and Chicago Booth’s Constantine Yannelis.In the United States, about 43 million borrowers collectively owe nearly $1.6 trillion in outstanding...
Algorithms are already being used in criminal-justice applications in many places, helping decide where police departments should send officers for patrol, as well as which defendants should be released on bail and how judges should hand out sentences. Research is exploring the potential benefits and dangers...