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By now, we have all seen the drama unfolding on Capitol Hill. A government shutdown. Two sides locked in battle. An obvious stalemate. What may not be obvious is that we are witnessing classic marketing and psychology at its most successful and most unsuccessful — at the same time.
One of the great ironies of the 2008 financial crisis is that it was sparked by a product created from a historically safe investment asset: residential mortgages. In the past quarter century, delinquency rates of single-family home mortgages hovered below 3% for the most part except for the time around the Great Recession, according to...
Knowledge@Wharton: How did Girls Who Invest get started?
Janet Cowell: It was founded by a friend of mine, Seema Hingorani. She was with the New York City [retirement system] and interviewing money managers to manage money for that fund. She realized...
Knowledge@Wharton: Can you give us the history of bitcoin?
Jack Tatar: It grew out of the financial crisis of 2008, which was when the software was created by this anonymous person, Satoshi Nakamoto. We think it was also to create a new monetary system and structure that was a little bit more democratic and more decentralized, so...
There's a famous story that when President John F. Kennedy was visiting the NASA space center in 1962, he noticed a man carrying a broom. (In some versions it's a woman mopping the floor.) Kennedy decided to introduce himself to the employee and asked what his job was. The employee, a janitor, responded...
Part of what makes it so easy for Amazon to offer two-day or even same-day shipping to customers is its vast network of distribution centers, which are located across the U.S. and store and ship products to their final destinations. New research from Wharton business economics and public policy professor Katja Seim takes a closer look at how significantly expanding that distribution center network over the past decade has been key to Amazon's growth strategy...
The U.S. health care industry might be seeing the early signs of major shifts such as employers exerting pricing power to rein in costs; the aggressive use of technology such as drones and databases to predict, diagnose and treat diseases; and, consequently, an upending of the bargaining power of providers such as hospitals, physicians and pharmaceutical companies. All those and more are expected to...
China under President Xi Jinping has proven wrong its critics in the past year with strong economic growth, leadership in combating climate change and clean energy, and implementation of its "One Belt, One Road" initiative that could be a trade game changer. And while there should be more momentum in the year ahead, the country could...
The mere mention of keeping up with overflowing email, constant meetings, and time-sucking conference calls makes many of us groan and roll our eyes. How did we all get so busy? A major culprit is the sharp rise in cross-functional collaboration over the past several years. Today...
When it comes to the tech sector, all the action - certainly all the innovation - is in America, right? Amazon's retail transformation has made Jeff Bezos the world's wealthiest person. Google and Facebook dominate the Internet. Apple devices are as ubiquitous as Microsoft software. As New York Times columnist Tom Friedman told...
