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The social logic of champagne grape pricing

It’s only champagne if it’s from the Champagne region of France, as they say. And within that region is a complex web of relationships that shape champagne prices worldwide. In a recent study, Professor Amandine Ody-Brasier documented the unique dynamics that drive the industry of popped corks and fizzy wine—and her findings show there’s more to pricing than supply and demand.

The hidden costs of welfare cuts

As governments around the world face pressure to reduce public spending, researchers are looking into how welfare cuts affect low-income households' employment, personal finances, and consumption. Jim Goldman, Assistant Professor of Finance at McGill University, and Manuel Adelino, Professor of Finance at Duke University, show that these cuts can trigger a self-reinforcing cycle for financially fragile households. The mechanism behind it has implications well beyond this specific reform.

Marketers are pushing the boundaries of machine psychology

Generative AI has many uses for marketers, but this one is more at home in a sci-fi novel than an advertising firm. Marketers can now program chatbots to adopt synthetic personalities, to simulate how a person might respond to ads and messages. But can a machine truly simulate human decision-making? And are these the first steps towards human-like computer intelligence? Two experts weigh in.

How conflict made crypto

How did cryptocurrencies grow from “illegal digital currency” to “digital gold” in the eyes of prominent financiers? Why does crypto continue to be so difficult to regulate? And how did social media infighting impact crypto’s rise to prominence? Jack Sadek, a McGill University alumnus and an Assistant Professor at IE University, explored these questions in his research. Here’s what he found.

Your hierarchy is your strategy

A leader’s approach to hierarchy can have profound strategic implications for their organisation. In this special feature, with the help of experts from McGill University, we’ll explore the strategic opportunities that come from engaging employees up and down the ladder – and what it means to have a hierarchy in the first place, and what it would mean to abandon them entirely.

For AI to reshape radiology, policymakers need to act

AI can accurately and autonomously read normal chest X-rays with incredible accuracy, writes Dr Khashayar "Kashy" Rafat Zand, an experienced radiologist and founder of the Institute for Specialized Medicine and Intervention. This technology will cause a seismic shift in how radiology is conducted in Canada. But to reap the benefits, policymakers need to rethink how they fund the industry. Dr Zand explains how.

Seeing the everyday entrepreneurs

Entrepreneurship researchers love studying tech founders, but maybe it’s time to widen the lens. High-tech companies only account for a fraction of all entrepreneurs in the world. Meanwhile, we don’t know much about the everyday entrepreneurs – the hairdressers, musicians, electricians – that make our economy hum. Here’s what we’re missing.

Food equity starts everywhere

Food equity means everyone, regardless of socioeconomic status or geographic location, has access to healthy, sustainable food. But despite international efforts, billions of people continue to experience hunger and food insecurity worldwide. Professors Laurette Dubé and Jeroen Struben recently published a paper in Nature Communications examining the market mechanisms connected to this problem. They found that, for market actors to be part of the solution, everything needs to change – and everyone needs a seat at the table, rethinking in fundamental ways how business and society operate.

Bridging the linguistic divide for more inclusive workplaces

Language is often a basis for exclusion, discrimination, and conflict. And yet, managers often treat it only as a skill to be learned rather than an important marker of diversity. In their study of a bank in Kazakhstan, Professors Anna Kim and EunJoo Koo show the social and cultural impacts of language at work, why we should pay attention to them, and how employees can bridge the linguistic divide for better inclusion at work.