Tag: Olin in the Media

Economists argue that normal, rational people would never take the risks that entrepreneurs do. An article in the Gulf News Media of Dubai, United Arab Emirates, cites Olin economics professor Bart Hamilton’s research on the median earnings of entrepreneurs compared to median salaried workers as evidence that entrepreneurs must be irrational because they earn 35% less.

Prof. Bart Hamilton

A new longitudinal study begs to differ. It offers evidence that over several decades, earnings of entrepreneurs and salaried workers even out. Economists may have to admit that entrepreneurs aren’t so crazy after all.

Article: “The almost intangible quality of entrepreneurship”
10/14/15

St. Louis Public Radio reports on the competition between grocery stores to create spaces where customers will spend more time. In store dining, dancing, and live music are just a few of the marketing tactics major groceries are trying. The approach builds on a concept called “third place.”

“Starbucks really started this third place meaning home, your work and Starbucks,” says Washington University Olin School of Business associate marketing professor Joseph Goodman. “They want to create a community place where you can hang out and people kind of know your name and the barista knows you. Well, we are also kind of seeing that in grocery stores.”

Link to article: National ‘Grocery Wars’ hit St. Louis region prompting stores to adjust to more competition
10/7/15

Eclectic, talented, diverse, smart, and driven are just a few of the adjectives used to describe Olin’s MBA Class of 2017 in a detailed profile on the Poets & Quants website.

The opening paragraph will make you want to read more:

How is this for an eclectic class? At one end, you’ll find Richa Gangopadhyay, a former Miss India USA who has starred in Tollywood blockbusters alongside celebrities like Daggubati Venkatesh and Dhanush. At the other end, there is Markey Culver, who founded The Women’s Bakery, whose business model is designed to provide jobs for women in Rwanda and Tanzania. In between, you’ll find West Point’s Danny Henry, who went from being a U.S. Army Infantry Officer to a business development manager. Or, how about Cambrie Nelson, a middle and high school history teacher who co-founded a social impact firm that develops events and training for community partners.

Link to website article.

Insight into Diversity magazine includes a new diversity training program at Olin in a feature article on how businesses and universities are attempting to stymie unconscious bias and create more inclusive workplaces. Link to article. Story begins p. 28.

Listen to Prof. Markus Baer talk about his research on the positive effects of standing up vs. sitting down at meetings. Broadcast live on NPR’s On Point with Tom Ashbrook on Oct. 1, 2015.

Listen to the show here.

Watch video of professors Baer and Andrew Knight discuss their research.

Federal Reserve Bank watchers are still waiting for a sign, a word, a signal on when – or if – interest rates will rise. David Nicklaus writes in his St. Louis Post-Dispatch column that the Fed’s credibility is at stake in the interest rate decision. He interviewed Olin’s Jennifer Dlugosz, assistant professor of finance.

“This is a dance that’s continually going on,” says Jennifer Dlugosz, assistant professor of finance at Washington University’s Olin Business School. “Markets are trying to figure out what the Fed is going to do, and the Fed is always subject to ongoing data.” While repeated delays might hurt the Fed’s credibility, Dlugosz points out that a premature move would be even worse. If the Fed raised rates and then had to cut them a few months later in the face of a deteriorating economy, markets might really come unglued.  Link to article

Professor Dlugosz was an economist at the Board of Governors of the Federal Reserve System in Washington, DC. She holds a Ph.D. in Business Economics from Harvard University and dual bachelors’ degrees in Finance and Systems Engineering from the Wharton School and the School of Engineering and Applied Sciences of the University of Pennsylvania.