Of course, you know the old adage: Don’t talk about religion and politics. But that’s difficult to avoid as we move into the final weeks of this turbulent election season. It’s natural to discuss the most recent presidential debate with co-workers with the opening line: “Can you believe what just happened?”
With partisan sentiments running high, however, such conversations can lead into stormy waters – if not outright hostility – and that can be counterproductive in the workplace. Modeling the third and final debate, for example, would itself be disrupting; you don’t want to talk over others, shout or slip in insults (“Such a nasty woman” and “You’re the puppet” comes to mind.) There are ways, however, to have political conversations without devolving into a shouting match.
We need to be careful that we – unlike perhaps Donald Trump and Hillary Clinton — don’t let emotions get in the way of considered conversation – even if there is a lot of emotion going into the presidential race. For starters, focus on the issues. Instead of immediately jumping in and saying, “How could anyone vote for him/her?” try asking why the candidate deserves support. What do you think of so-and-so’s policy on X? How could that candidate be helpful for our business or our daily lives? Ask, “What do you think of Trump’s or Clinton’s economic plans, their positions on small business taxes or making college affordable.” The last debate actually created some useful fodder for this kind of give-and-take.
If you’re a bargain hunter, it’s common to spend time researching prices before making purchases. After all, you wouldn’t want to buy a washing machine at your local Lowes store only to find a lower price offered on Lowes.com. However, I found in a recent study that retailers’ offline and online prices are the same more than 70% of the time.
That’s good news for consumers, who don’t need to worry about price comparisons when deciding whether to use a retailer’s website or visit a local store. They can choose instead based on other factors like convenience and product availability.
This finding is important for economists too. Online prices are increasingly being used in measurement and research applications, including studies of pricing behaviors, price stickiness, international relative prices, and exchange-rate dynamics. Many national statistical offices are even considering the use of online data in official consumer price Indexes.
There is now near-unanimity that the United States’ Dodd-Frank financial reform legislation, enacted in 2010, did not end the problems associated with some banks being “too big to fail.” When it comes to proposed solutions, however, no such consensus exists. On the contrary, financial regulation has become a key issue in November’s presidential and congressional elections.
So who has the more plausible and workable plan for reducing the risks associated with very large financial firms? The Democrats have an agreed and implementable strategy that would represent a definite improvement over the status quo. The Republican proposal, unfortunately, is a recipe for greater disaster than the US (and the world) experienced in 2008.
On the Democratic side, Hillary Clinton’s campaign materials and the party platform point to a detailed plan to defend Dodd-Frank and to go further in terms of pressing the largest firms to become less complex and, if necessary, smaller. Banks must also fund themselves in a more stable fashion. If Clinton wins, she will draw strong support from Congressional Democrats – including her rival for the Democratic nomination, Bernie Sanders, and his fellow senator, Elizabeth Warren – when she pushes in this direction.
Understanding which papers attract critical citations, and what effect they have, gives an insight into how science progresses, says Christian Catalini.
Science advances through researchers sharing their work for others to extend or improve. As Isaac Newton once said, he could see further by “standing on the shoulders of giants”.
But what happens when those shoulders aren’t as sturdy as we thought? Sometimes, citations are negative, pointing out a study’s flaws or even disproving its findings. What role, relevance and impact do these negative citations have on a field as a whole?
There has been little research in this area, because of the difficulty in identifying and classifying such citations. Thanks to advancements in the ability of computers to understand human language, known as natural-language processing, and in the ability to sort and analyse large bodies of text, this is changing. We can now identify such citations and reconstruct the context in which they were made to understand the author’s intentions better. Using such techniques, my colleagues and I have found evidence to suggest that negative citations play an important role in the advancement of science.
In the latest MIT Sloan Expert Series podcast, Neal Hartman, Senior Lecturer in Managerial Communication at the MIT Sloan School of Management, discusses the current political discourse and the impact of related discussions in the workplace.