Monthly Archives: May 2017

Surviving the global information security war  

Lessons from the fate of the NHS Trusts:

You will not survive a war on more than one front

Over the past week many NHS Patients became collateral damage as the ten-year arms race between online predators and the vendors of information security products and services escalated into global warfare after a new ransomware variant produced by a supposedly […]

Cindy Cohn: ‘They have our lives in their hands’

The US non-profit Electronic Frontier Foundation (EFF) champions user privacy, free expression and innovation, which they see as civil liberties. The EFF fights cases in court, publishes papers and develops privacy technology. An LSE and University of Michigan alumna, Executive Director Cindy Cohn was named one of the 100 most influential lawyers in America in 2013, and has received a number […]

You broke the planet, you pay for it

The general public is more likely to accept new climate policies if the ‘polluter pays’ principle is implemented and if assurances are given that convince them that the policies will be implemented both domestically and internationally. Our study examines the public acceptability of various climate mitigation policies in three countries (the UK, the Czech Republic and Poland) based on […]

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    Sophisticated financial management underpinned 18th century Methodism

Sophisticated financial management underpinned 18th century Methodism

‘Are our people good economists?’ the Methodist leader John Wesley asked his assembled preachers in 1765. He continued: ‘In public and private, enlarge on economy as a branch of religion.’

His efforts to spread the Gospel throughout the British Isles and beyond in the later eighteenth century relied on resources generated and managed using a wide range of techniques. The […]

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    William Murphy: ‘We need change management to help people with new technology’

William Murphy: ‘We need change management to help people with new technology’

William (Bill) Murphy is a senior managing director and the Chief Technology Officer at Blackstone, one of the world’s largest investment firms, which manages assets such as private equity and real estate. Prior to joining Blackstone in 2011, he was founding Chief Technology Officer for Capital IQ, a technology and financial services company that was acquired by Standard & Poor’s in […]

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    Melonee Wise: ‘Robot adoption will grow faster in semi-structured environments’

Melonee Wise: ‘Robot adoption will grow faster in semi-structured environments’

Melonee Wise has two decades of experience designing, building and programming robots. She is the CEO of California-based Fetch Robotics, which works mainly with the logistics industry. The company introduced their robot system in 2015. “There’s a lot of bad PR around robots and jobs,” says Melonee. Robots actually make people’s work days much better, she says. Melonee spoke with […]

Your next social network could pay you for posting

You may well have found this article through Facebook. An algorithm programmed by one of the world’s biggest companies now partially controls what news reaches 1.8 billion people. And this algorithm has come under attack for censorship, political bias and for creating bubbles that prevent people from encountering ideas they don’t already agree with.

Now a new kind of social network is emerging that has no centralised […]

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    From Boom to Bubble: How Finance Built the New Chicago – Book Review

From Boom to Bubble: How Finance Built the New Chicago – Book Review

From Boom to Bubble: How Finance Built the New Chicago. Rachel Weber. Chicago University Press. 2016.

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The great Chicagoan Saul Bellow, in an essay in Life magazine in October 1986, described how his city is ‘always transforming itself’: ‘Chicago builds itself up, knocks itself down again, scrapes away the rubble, and starts over’. In From Boom to Bubble: […]

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    Nicole Eagan: “Cybersecurity is very fast becoming an all-out arms race”

Nicole Eagan: “Cybersecurity is very fast becoming an all-out arms race”

A major cyberattack this Friday (12 May) disrupted services at hospitals and doctors’ surgeries in England, and a number of other targets throughout the world. The UK’s National Health Service, Spain’s Telefonica and the American logistics firm FedEx were the first organisations to confirm they had been targeted. Cyberattacks have intensified in the past few months and companies, governments and all […]

Emancipating ourselves from emotional repression at work

Are your emotions always yours? If you think so, you’d better think again. In a recently published book, I argue that emotions are often used by organizations to manipulate and repress workers.

“So what?” you might wonder . . . Are organizations not supposed to explore ways to control the behaviour of their staff so that it supports the bottom […]

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    Despite major cyberattacks, businesses have been slow to react

Despite major cyberattacks, businesses have been slow to react

If you think you know cybercrime, think again. The modern-day scammer isn’t averse to changing the rules of play and, increasingly, businesses of all shapes and sizes are finding themselves exposed.

In the past year, more than half (57 per cent) of businesses surveyed in The Hiscox Cyber Readiness Report 2017 said they experienced an attack. Two in five (42 […]

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    Naveen Jain: ‘If we can learn to live on the moon we can live anywhere in space’

Naveen Jain: ‘If we can learn to live on the moon we can live anywhere in space’

Naveen Jain is the co-founder and executive chairman of Moon Express, one of the four enterprises vying for the Google Lunar XPRIZE. The project, also called Moon 2.0, offers a $20 million prize for the first privately-developed spacecraft to land on the moon, travel at least 500 meters across its surface, and transmit photos and video. Moon Express bought three launches […]

The ineffectiveness of ‘Buy British’ campaigns

Campaigns to promote the purchase of domestic manufactures feature prominently during national economic crises. The key triggers of such schemes include growing import penetration and concern that consumers have been misled into purchasing foreign products instead of domestic ones. Early examples of such initiatives occurred in the United States in 1890 and 1930, with the introduction of the McKinley […]

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    The hidden sides of ‘dynamic pricing’ for airline tickets

The hidden sides of ‘dynamic pricing’ for airline tickets

A standard definition of dynamic pricing in airline markets typically focuses on how fares evolve over the booking period that precedes a flight’s take-off. Our research shows that such a definition is lacking because it fails to connect fare changes to some guiding principles of revenue management, defined as the combined methods used by carriers to set their fares. […]

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    What Victorian households can teach us about financial decision-making

What Victorian households can teach us about financial decision-making

 

In today’s financialised societies, households are heavily exposed to financial risk. Many researchers are exploring how such households make financial decisions and manage financial risk in practice. There are also substantial efforts being made by government, regulators, charities and financial players to increase the financial literacy of households to help them make better financial decisions.

In our research, we explore […]

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    Co-workers and makers: New public policies and corporate strategies for the city

Co-workers and makers: New public policies and corporate strategies for the city

Collaborative movements and communities—co-workers, makers, hackers, and fabbers— stir tremendous controversy because they expose all the paradoxes and contradictions of the ongoing transformations of work practices and capitalism. Work is being redefined by the growing number of entrepreneurs and freelancers while organisations are being transformed by a new work ethos. The ‘do-ocracy’ is establishing itself as the favoured organisational […]

Shoppers under pressure shun time-limited offers

Bad news for pushy sales people: putting pressure on us to buy now or miss out doesn’t necessarily make us go for limited-time offers. In fact, a super-short ultimatum makes it less likely we’ll bite.

In a recent experiment, we gave participants a series of time-limited offers to discover their motivations for accepting or rejecting the opportunity. Offers were actually […]

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    The Southern African wild card: High foreign debt, weak currencies and default risk

The Southern African wild card: High foreign debt, weak currencies and default risk

The dawn of 2017 seems to have pried open a can of worms in Southern Africa. In just about four months, Mozambique, not too long ago displaying strong economic growth and bullish investor sentiment, has defaulted in servicing a $60 million coupon payment for its ‘Tuna Bond’. The plunge in oil prices has sent banks in Angola clutching at the […]

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    Behavioural Economics: A Very Short Introduction – Book Review

Behavioural Economics: A Very Short Introduction – Book Review

Behavioural Economics: A Very Short Introduction. Michelle Baddeley. Oxford University Press. 2016.

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Homo economicus – the rational choice creature who has been at the core of economics for generations – seems to be a species in trouble, appearing to play the role of the Neanderthal to the homo praeiudicium – biased human –  of behavioural economics. Much like […]

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    Ad-blockers and the road to consumers controlling their private data

Ad-blockers and the road to consumers controlling their private data

Despite the sheer abundance of content on the web today, the online publishing industry is going through something of a crisis. In 2016, the global use of ad blockers witnessed a 30% increase, with 615 million desktop and mobile devices now running some form of software that prevents the industry from displaying ads to their readership. It’s forecast that such a […]