MIT Sloan School of Management

Writing for The Hill Prof. Emeritus Henry Jacoby highlights the importance of addressing climate change in discussions of government policy. “If the global emission reduction efforts falter, the ensuing damages to the most vulnerable will be especially dire,” says Jacoby. “The world is already plagued with failed nation-states unable to sustain their population while maintaining political stability. As the number of these nation-state failures increases, there will be hundreds of millions of environmental refugees and stateless people, taxing the available resources of the entire planet.”

New research by Prof. Tavneet Suri and Prof. Abhijit Banerjee explores how to most effectively direct cash to low-income households, reports Dylan Matthews for Vox.  Suri and Banerjee compare “three groups: short-term basic income recipients (who got the $20 payments for two years), long-term basic income recipients (who get the money for the full 12 years), and lump sum recipients, who got $500 all at once, or roughly the same amount as the short-term basic income group,” writes Matthews. “Suri and Banerjee found that the lump sum group earned more, started more businesses, and spent more on education than the monthly group.”

Writing for The Hill, Prof. Emeritus Henry Jacoby, former co-director of the MIT Joint Program on the Science and Policy of Global Change, and his colleagues make the case for a concerted scientific effort to better understand the risks posed by exceeding climate tipping points. “These risks are becoming more serious with every tenth of a degree of global warming,” they write. “Investment in a better understanding of tipping point risks might be the best investment humanity could now make in the effort to preserve a livable planet.”

Four faculty members from across MIT - Professors Song Han, Simon Johnson, Yoon Kim and Rosalind Picard - speak with Curiosity Stream about the opportunities and risks posed by the rapid advancements in the field of AI. “We do want to think about which human capabilities we treasure,” says Picard. She adds that during the Covid-19 pandemic, “we saw a lot of loss of people's ability to communicate with one another face-to-face when their world moved online. I think we need to be thoughtful and intentional about what we're building with the technology and whether it's diminishing who we are or enhancing it.”

Financial Times reporter Andrew Hill highlights “The Geek Way,” a new book by Principal Research Scientist Andrew McAfee that explores the success behind “geek” culture in companies. Hill notes that McAfee has, “pinpointed some important norms sustaining the world’s most admired, and fastest growing, organizations.”

Prof. Yet-Ming Chiang has been named to the TIME 100 Climate list, which highlights the world’s most influential climate leaders in business. “When it comes to cleantech, if it won’t scale, it doesn’t matter,” Chiang says. “This is a team sport—companies large and small, and governments state and federal, need to work together to get these new technologies out there where they can have impact.” 

Principal Research Scientist Andrew McAfee speaks with Bloomberg hosts Carol Massar and Tim Steinbeck about his new book “The Geek Way” and the future of artificial intelligence. “I personally am not worried about the existential, the alignment risks of AI,” says McAfee. “All very powerful tools bring risks and harm with them, and they demand vigilance. We have got to be careful about it. I don’t think AI is any big exception to that trend or requires us to do radically different things, we just have to be vigilant and stop the bad uses.”

MIT Sloan Lecturer Shira Springer speaks with WBUR host Robin Young about the future of women’s sports coverage. “It does require extra effort on the part of the fan to find coverage on the streaming platforms,” says Springer. “And that is a problem because what you are trying to do in women’s sports is convert casual fans to avid fans and maybe bring in people who simply were not aware of what women’s sports offers, and to do what you need to be easily discoverable.”

Prof. Tavneet Suri discusses GiveDirectly, the world’s largest universal basic income (UBI) program, which has been providing almost 5,000 people in Kenya with “a payment of about 75 cents (62p) a day since 2017,” reports Philippa Kelley for The Guardian. “We do see people leaving low wage jobs,” says Suri. “They are going and starting businesses, and the businesses are doing great because there’s money around.”

Writing for CNBC, Senior Lecturer Tara Swart explains how an unexpected financial windfall can impact the brain. Swart says there, “are three remarkable things that happen to your brain when you unexpectedly receive a large sum of money overnight,” a dopamine deluge, the five stages of grief and a shift in perspective and social dynamics. 

Prof. Jonathan Parker speaks with Marketplace host Samantha Fields about the definition of discretionary spending and how it differs depending on the person and their financial situation. “People who don’t have to worry about money often buy things they think of as necessities, but really aren’t,” says Parker. “Cutting back on discretionary spending looks different for different people, too.”

Principal Research Scientist Andrew McAfee speaks with CNBC about the contributing factors to a successful start-up company. “Incumbent industries and companies are so fond of really elaborate planning cycles and the geeks just build things, get feedback and do again on a fast cadence,” says McAfee.  

Writing for Fortune, Principal Research Scientist Andrew McAfee discusses his new book “The Geek Way,” and explains how the structure of Montessori schools are influencing modern day business and company culture. “A bunch of geeks are now doing for companies what Maria Montessori did for schools,” writes McAfee. “They’re reimagining them, improving them, and exposing false assumptions. A large and growing cohort of business leaders are now building very different companies — and, not coincidentally, very successful ones.”

Principal Research Scientist Andrew McAfee discussed the impact of artificial intelligence and technology on businesses at the Fortune CFO Collaborative, reports Sheryl Estrada for Fortune. Generative AI is “going to diffuse throughout the economy,” said McAfee. “It’s going to separate winners from losers, and it’s going to turbocharge the winners faster than you and I have been expecting.”  

Prof. David Rand speaks with Wall Street Journal reporter Christopher Mims about the impact of generative AI on the spread of misinformation. “When you show people deepfakes and generative AI, a lot of times they come out of the experiment saying, ‘I just don’t trust anything anymore,’” says Rand.