Knowledge at Wharton

What are the forces driving the "Future of Finance"? We partnered with Finance at Wharton on a new video interview series to explore concepts, groundbreaking research, and predictions on the next era of the industry: whr.tn/futureoffinance Featuring The Wharton School professor Itay Goldstein in conversation with innovation experts, the four-part series debuts November 11, with episodes released Mondays on the Knowledge at Wharton YouTube channel and podcast feed. ?? Nov. 11: The Future of Banking with Loretta Mester (formerly Federal Reserve Bank of Cleveland) and Hyun Song Shin (Bank for International Settlements – BIS) ?? Nov. 18: New Phenomena in Behavioral and Social Investing with Matt Levine (Bloomberg) ?? Nov. 25: The Regulatory Challenges of AI in Finance with Tobias Adrian (International Monetary Fund) ?? Dec. 2: The Future of Financial Technology with Alesia Haas (Coinbase) and Michelle Lai (Electric Coin Co.) #finance #banking #fintech #investing

While robotaxis might eventually impact Uber and Lyft drivers' earnings,?The Wharton School's Lindsey Cameron told?Business Insider?that the autonomous vehicle industry growth has been slower than many expected. Cameron, who studies the gig economy and the future of work, leads this week's roundup of Wharton faculty in the news, including... 1?? Cameron on driverless vehicles:?https://whr.tn/3ZcOvZU 2?? Kartik Hosanagar on using AI to reduce the cost of education:?https://whr.tn/4fUSf9a 3?? Katy Milkman on using fresh starts to plan goals:?https://whr.tn/4fKg7MI

As AI continues to evolve, regulation will be key to allowing innovation to flourish while managing risk. Bias and discrimination, privacy violations, and other public and national security concerns stand out as important issues to address, The Wharton School Profs. Kartik Hosanagar and Kevin Werbach told moderator and Prof. Stefano Puntoni in the second edition of Policies that Work, Wharton's new series exploring the policies shaping America. The series continues on Dec. 4 with a discussion focused on real estate, interest rates, and the shifting American dream, featuring Profs. Joseph Gyourko, Susan Wachter, and Maisy Wong. Watch the archive of this event and register for the next one at whr.tn/policiesthatwork. #Wharton #AI #GenerativeAI

“The potential benefits of AI in financial advice are too great to ignore," writes Sarah Hammer, an Executive Director leading financial technology initiatives at The Wharton School. Swipe for steps both individuals and advisers can take to implement AI responsibly, and read more here: https://whr.tn/48YzsHu. #AI #generativeAI #ChatGPT #financialadvice #financialadviser

Why do meme stock phenomena happen, and what can regulators do about it? Bloomberg columnist Matt Levine joined our four-part "Future of Finance" series hosted by The Wharton School finance professor Itay Goldstein to answer that question and more about how social trends can disrupt financial markets: https://whr.tn/40U9nau "I think that GameStop was sort of a proof-of-concept," Levine said. "But really, ultimately, Bitcoin and crypto were a bigger proof of it — that something like social investing can work." #investing #stocks #stockmarket #futureoffinance #behavioralfinance

People will donate more if they are given an opportunity to express their preferences through a choice, The Wharton School marketing professor Jonah Berger's research found. Ahead of the season of giving, Berger joined our Ripple Effect podcast's three-part "Charitable Giving" series to explain the findings and the role identity plays in pro-social behavior: https://whr.tn/3YZTdtN By giving people the option to express themselves – for example, through a "vote" between two options (cats or dogs?) by leaving coins in a tip jar — organizations can encourage more donations. #donations #charitablegiving #givingtuesday #consumerbehavior

Macro trends like curbing inflation and reducing the deficit will play a more important role in lowering interest rates than the Federal Reserve, Penn Wharton Budget Model Faculty Director Kent Smetters told?NBC News?to lead this week's?The Wharton School?faculty in the news roundup. Swipe through for... 1?? Smetters on interest rates and the national debt:?https://whr.tn/40SCcEb 2?? Lu Liu on the housing market:?https://whr.tn/4fTnIZ3 3?? Jonah Berger on viral social media videos:?https://whr.tn/4fvHBWh 4?? Arthur van Benthem on global carbon markets:?https://whr.tn/3YN3NEk 5?? John Zhang on rising consumer product prices:?https://whr.tn/3Zbb4ix

In the second installment of our new Policies That Work series, Profs. Stefano Puntoni, Kartik Hosanagar, and Kevin Werbach discussed how AI and big tech should be regulated to promote responsible innovation. Their discussion offered valuable insights into how governments, businesses, and regulators can collaborate to create balanced governance, as well as practical strategies for using AI responsibly in your own work and life. Learn more about this fall’s three-part series, which explores key policies shaping America: whr.tn/policiesthatwork

Many companies turn to mergers as an efficient way of adapting to times of financial uncertainty. But new research identifies how changing economic conditions, and in particular financial crises, can actually weaken the influence of both shareholders and employees on the outcome of mergers. The findings can help those involved in planning and executing M&A strategies have a better chance of gauging their potential success or failure. Read more in this article from the study's authors, Laurence Capron (INSEAD), Mauro Guillen (The Wharton School), and May-Anne Very, PhD (IESE Business School): https://whr.tn/3Ckuclp #mergersandacquisitions #mergers #acquisitions

?Students who rely on generative AI to help them learn may be missing out on basic skills, according to new research co-authored by Wharton professors Hamsa Bastani and Alp Süngü. In an experiment with nearly 1,000 high school math students in Turkey, their study found that students performed better on practice sessions with AI assistance, but worse on tests when the software was taken away. Those harms were mitigated when students were given a “GPT Tutor” with safeguards added, including teacher input and being provided with hints rather than answers. Bastani joined Wharton Business Daily to break down key takeaways from their research.