Columbia Business School

On July 27, NYC Mayor Zohran Mamdani announced that the city would open five supermarkets, one in each borough. The stores will sell key food items at prices 30 percent below typical retail.

Nobel prize-winning economist Joseph Stiglitz and Charles E. Exley Professor of Business Lori Yue explain what the mayor's plan could mean and how the city should measure success. https://business.columbia.edu/insights/mamdani-grocery-stores-market-failures-new-york-city

"Information is a public good. We all benefit from better information."

Nobel Prize-winning economist Joseph Stiglitz argues that AI changes the incentives behind how news gets produced, distributed, and consumed. Along with PhD candidate Maxim Ventura-Bolet, Stiglitz explores why the future of AI depends on protecting truth, not just advancing technology. Listen now: https://observatoriodemedios.org/joseph-stiglitz-on-ai-and-the-economics-of-truth/

Counting down the days until we see you again!

Knowing what to do after AI responds to your prompt is a critical skill. That's why Columbia Business School is expanding its AI curriculum with courses like "Vibe Coding," "AI Solutions: From Diagnostics to Deployment," and "AI in the Private Firm," and why it has adapted existing courses, such as "Leadership Intelligence in the AI Era."

CBS is preparing students for the work AI can't do: Making better decisions and leading organizations through major transformations.

What comes after the prompt? Teaching judgment, leadership, and more in the AI age | Columbia Business School Columbia Business School’s expanding AI curriculum prepares students to succeed in the fast-moving, data-rich, high-tech environments of the future.

The magic number $9.99 has closed the deal for generations of buyers.

"The appeal of prices like $9.99 is not about saving a penny," Vicki Morwitz, the Bruce Greenwald Professor of Business, told The Wall Street Journal. "Consumers tend to categorize prices into ranges, so having a price be under $10 can feel different than a price that is $10 and above, even when the actual monetary difference is negligible."

More insight into this fascinating aspect of consumer behavioral science here:

How $9.99 Became the Most Compelling Price in Retail Companies are redesigning packaging and slashing marketing budgets to maintain the psychologically important threshold.

The hardest part of eradicating poverty may be deciding where the funding goes.

Machine learning can help those in charge find more efficient ways to allocate cash, according to a new study by CBS Assistant Professor Roshni Sahoo. That shifts the focus from predicting where poverty-afflicted groups may develop to addressing where they already exist.

The research, recently featured by The Economist, highlights how advances in AI and optimization can inform smarter public policy.

One neat trick to end extreme poverty An age-old problem might have a surprisingly simple solution

Bad news for millennials: The '90s are officially considered vintage.

What makes something truly vintage instead of simply old? There's a clear answer, says Silvia Bellezza, the David W. Zalaznick Associate Professor of Business: It combines the three essential qualities of moderate age, iconicity, and scarcity.

To better understand why certain products retain their cultural and commercial value decades later, read more here: https://business.columbia.edu/insights/90s-are-officially-vintage-now