Chicago Booth Review Podcast

Latest Episodes:

Should We Care If Google Is a Monopoly? May 17, 2023

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Facebook and Google are each facing antitrust scrutiny in the United States, and they have come under the gaze of European regulators as well. But most people don't pay money to ei-ther company for the services they provide, so can Facebook and Google really be said to have monopolies? And if they do, does it matter? On this episode of the Chicago Booth Review Pod-cast, we revisit a debate between Booth's Luigi Zingales and George Mason's Tyler Cowen about the price of the tech giants' dominance.

Does Social Media Make Companies Behave Better? May 10, 2023

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When a business's customers object to its conduct, they generally have two options: exit (vote with their wallets and cut ties with the company) and voice (boycott, protest, or otherwise raise awareness of their complaint). Social media has changed the calculus behind this choice for both individuals and companies. On this episode of the Chicago Booth Review Podcast, Booth's John Paul Rollert considers the impact of this change and how the relative appeal of exit and voice have evolved over time.

Do We Trust AI to Make the Right Decisions? May 04, 2023

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Algorithms are everywhere. They curate our music playlists, guide our online shopping—and, increasingly, dominate the news. But while most of us have accepted the idea of algorithms making, or helping make, some of the mundane decisions in our day-to-day lives, when do we prefer human discretion to the inscrutable judgment of A.I.? And how do we keep algorithms, some of which are tasked with making predictions that are far from mundane, from exacerbating existing problems of bias and inequality? On this episode of the Chicago Booth Review Podcast, we explore questions about the role of A.I. in society.

Are You Shopping Irrationally? Apr 26, 2023

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Many of us have a tendency to attach labels to the money flowing into and out of our hands—"wages," "windfall," "bills," "leisure," and so on—and to treat the money differently depending on where it came from or how we're using it. In behavioral economics this is called mental accounting, and it can lead to some irrational personal-finance choices. On this episode, the Chicago Booth Review Podcast looks at how researchers are mapping the mental connections we're making between various expenses, and how those research insights can help consumers and marketers make better decisions.

Are Great CEOs Born or Made? Apr 19, 2023

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What are the qualities of a good CEO? What differentiates CEOs from other executives? How do companies seek them out, and should those recruiting practices adapt as corporate America seeks to improve diversity at its highest levels? On this episode of the Chicago Booth Review Podcast, Chicago Booth's Steve Kaplan and a trio of experts in executive search discuss the business world's preeminent position with host Hal Weitzman.

What Are the Limits of Capitalism? Apr 12, 2023

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What is within the power of free markets? What can capitalism do for society, what can't it do, and what should it do? On this episode of the Chicago Booth Review Podcast, Booth's John Paul Rollert explores how many people came to have an unshakeable faith in capitalism's broad ability to solve nearly any problem, while the experience of others has left them skeptical. In the era after "the end of history," capitalism's defenders need to reckon earnestly with a series of questions about what the system may leave unresolved, he says.

Is the Tax Code Beyond Fixing? Apr 05, 2023

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It may be in the nature of taxation that it should suffer a bad public image—but US law, with its convoluted tax code, doesn't help make it any more palatable. Why is it so complicated, particularly when simplifying it is one of the rare ideas that enjoys bipartisan support? And apart from making it more straightforward, how else might lawmakers improve it? This episode of the Chicago Booth Review Podcast examines three CBR articles exploring research around taxation from different angles.

Who Is In the 0.01 Percent—And How Did They Get So Rich? Mar 29, 2023

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Much has been said and written about the wealth concentrated in the highest-earning 1 percent of US households. But wealth and income are also similarly concentrated within that small slice of the US economy, with the 1 percent's 1 percent—that is, the .01 percent—far outpacing the rest of that elite group in terms of income and wealth share, according to some economists. Who makes up this small fraction of households, how rich are they, and how did they end up with so much wealth? On this episode of the Chicago Booth Review Podcast, host Hal Weitzman revisits a CBR feature probing the contours of wealth and income inequality in the US.

Why is Everyone So Bad at Communicating? (And How Can We All Get Better?) Mar 22, 2023

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Good communication is widely recognized as a cornerstone of high-functioning organizations—and yet, it can be hard to achieve consistently for many businesses and other groups. How and why do we fall short at conveying our messages to others, and what can we do to fix it? On this episode of the Chicago Booth Review Podcast, host Hal Weitzman revisits a conversation he had with three behavioral scientists—Booth's Nicholas Epley and Ayelet Fishbach, and UCLA's Heather M. Caruso, who was then at Booth—about the roots of and solutions to workplace miscommunication.

Are You a Sellout? Should You Care? Mar 15, 2023

Show notes

What does it mean to sell out? What should we make of the tradeoffs we accept between our personal aspirations and professional successes? At what point do such tradeoffs become ethically problematic? On this episode of the Chicago Booth Review Podcast, columnist and Booth adjunct associate professor John Paul Rollert considers what makes someone a sellout—and whether being one really matters.

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