If something seems too good to be true, it probably is. Add cryptocurrency yield farms to that list. A complex investment strategy in decentralized finance markets, yield farming advertises eye-popping passively earned returns. While some investors boast impressive returns, for others the risks are unclear or even undisclosed before they invest, and the advertised returns never materialize. Research by Desautels Professor Patrick Augustin investigates the risks to investors chasing high yields in decentralized finance markets, finding that the risks in yield farming are not transparent, farms that advertise the highest yields systematically underperform, and that most investors don’t stake claims on the blockchain so don’t see their risks pay off.
Why is being overqualified for a sought-after job at a desirable workplace seen as a drawback? Despite having prestigious educations and impressive work credentials, these candidates get turned down by hiring managers, often before they even get an interview. Desautels Professor Roman Galperin ran experimental studies to figure out what hiring managers really thought about these exceptionally qualified job candidates. On the Delve podcast, Galperin discusses why overqualification gets linked to lack of commitment, what people can do about it when navigating the labour market, and why prospective employers should think again about these overqualified, highly knowledgeable job seekers—especially in a time when AI technologies are increasingly applied in the workplace.