沃顿商学院

Wharton's Michael Platt discusses the biological basis of gambling amid the proliferation of online gambling sites.This article was originally published in Penn Today.Watch any sports game in 2026 and you’ll see them: incessant ads for FanDuel, PrizePicks, DraftKings, Kalshi, and a dozen other platforms — each offering a constant, glittering stream of chances to “win big” by betting on almost anything.Just last year, Americans wagered more th

Wharton's Courtney Wiegand explains how financial markets respond to different stages of the congressional budget process.This article was originally published by Finance at Wharton.Professor Courtney Wiegand’s paper, “The Effect of Fiscal Policy Shocks on Asset Prices,” examines how financial markets respond to unexpected changes in the federal government’s deficit outlook, and received an Honorable Mention in the 2025 Marshall Blume Prize i

Hedging can make us less persuasive, but new research from Wharton’s Jonah Berger shows how communicators can use hedging to their advantage.The social media influencer taps her long nails on the shoe box and declares, “I think these running shoes could be great for narrow feet.”She is making a recommendation, but she’s also hedging.“People hedge all the time,” Wharton marketing professor Jonah Berger said. “Whether we are talking to a boss or a

Wharton’s Cornelia C. Walther explains how the language around “AI ethics” can create confusion and misplace accountability.The following article was written by Dr. Cornelia C. Walther, a visiting scholar at Wharton and director of global alliance POZE. A humanitarian practitioner who spent over 20 years at the United Nations, Walther’s current research focuses on leveraging AI for social good.Every boardroom has heard it. Every procurement check

Vantage Point is a monthly rotating column featuring timely insights from Wharton faculty.In my last Vantage Point column, I announced that AI was killing the cover letter.Indeed, it has now been declared dead.AI killed the cover letter because of the new technology’s ability to quickly, convincingly, and effortlessly replicate what might have otherwise taken an applicant hours to produce.By making the process too easy, AI eliminated the cover le

Associate professor of management explains how healthy competition can evolve into destructive rivalry, why collaboration often coexists with competition, and what the AI industry can learn from these dynamics.Henning Piezunka, associate professor of management at the Wharton School, explores how competition in the AI industry can shift from healthy rivalry to destructive behavior, discusses the psychology behind executive decision-making, explai

New Wharton research suggests AI models may be vulnerable to many of the same persuasion tactics that influence people.Concerns over “jailbreaking” AI — a way of circumventing the safety guardrails built into large language models — have escalated after the Trump administration ordered Anthropic to pull its latest models, Fable and Mythos, over concerns they could be coaxed into revealing security flaws in software.Now, timely research from Whart

As AI accelerates UX design, organizations must keep humans in the loop, write Wharton’s Scott Snyder and co-author Mike Welsh.The following article was written by Scott A. Snyder, a senior fellow at the Wharton School and author of Your AI Life, and Mike Welsh, chief storyteller at Bridgenext and author of The Backstory on Storytelling.AI has changed the pace of product design almost overnight. Ideas that once took weeks to sketch, prototype, an

Industrial robots do not just shape pay today. Research from Pinar Yildirim, a Wharton professor of economics and marketing, shows they also make workers less likely to move into higher-paying occupations, cutting expected lifetime earnings.“Workers aren’t necessarily losing their jobs, and it doesn’t feel like a sudden shock,” Yildirim said. “It’s more that the upward moves become a bit less likely, and over time this aggregates into careers tha

Key TakeawaysAI-driven data center demand is outpacing power grid capacity, exposing energy infrastructure as the primary bottleneck to scaling AI.Long lead times and fragile supplier networks for critical energy equipment mean companies must secure infrastructure years in advance or risk falling irreversibly behind.The mismatch between fast-moving AI development and existing energy systems is forcing difficult economic and societal trade-offs ov

Key TakeawaysStandard AI interpretability tools, including partial dependence plots used by many practitioners, can be manipulated to appear fair while the underlying model's decisions on real customers remain unchanged.The vulnerability arises from how these tools work. They probe model behavior using synthetic data combinations that rarely occur in practice, creating a gap that can be deliberately exploited.Effective AI governance requires

Wharton’s Rahul Kapoor explains why leaders need to think beyond the technology and focus on the strategic challenges of emergence, enablement, and embedding.AIManagementTechnologyLoading the Elevenlabs Text to Speech AudioNative Player...The following article was written by Wharton management professor Rahul Kapoor and is based on research by Kapoor and co-authors on technology-based value creation, uncertainty, ecosyste

After ChatGPT’s launch, the percentage of routine coding questions on an online forum fell sharply, while novel questions rose, according to new research by Wharton's Neha Sharma.“It was very clear that we will never ever write code by hand again.”That comment, made recently by Dropbox’s former chief technology officer Aditya Agarwal, reflects a growing belief that generative AI is poised to displace swathes of white-collar wor

As generative AI transforms the hiring process, Wharton’s Judd Kessler explains why cover letters are rapidly losing their value as signals of candidate quality and interest — and what firms and job seekers should rely on instead.Vantage Point is a new monthly rotating column featuring timely insights from Wharton faculty.Since 1482, when Leonardo da Vinci sent the first cover letter and resume to the Duke of Milan, candidates have — often begrud

The road to meaningful AI adoption should be paved with employee incentives. Wharton’s Scott Snyder draws a map to show business leaders how they can get there.Loading the Elevenlabs Text to Speech AudioNative Player…The following article was written by Scott A. Snyder, a senior fellow at Wharton, adjunct professor at Penn Engineering, former chief digital officer at EVERSANA, and author of the book Your AI Life: Foresight, In

AI automation could sharply increase productivity by the early 2030s, according to a Penn Wharton Budget Model brief, which estimated the likely impact on 784 occupations.

PHILADELPHIA, November 6, 2025 – Wharton Online today announced the launch of its new Innovation Strategy and Design Thinking Certificate, a fully online, self-paced credential designed to help professionals master innovation from idea generation through execution.

Summary: The current Social Security program faces a significant shortfall, equal to 4.2 percent of all future covered payroll over the next 75 years. This shortfall persists under alternative and favorable projections of fertility, interest rates, immigration and the projected impact of AI on future wages.Key Points:Modeling: PWBM uses a detailed microsimulation model to project Social Security’s future revenue and spending. The model

LONDON and PHILADELPHIA, September 12, 2025 – The PRI Academy and Wharton Executive Education are announcing the launch of a new executive education program, the Wharton/PRI Executive Certificate: Impact, Value and the Materiality of Sustainability, designed to equip investment professionals with the tools and insights needed to navigate today’s complex financial landscape. The course is being announced in the run-up to New York Climate

Summary:PWBM estimates that the COVID-era Employee Retention Credit (ERC) will have cost more than $300 billion when the IRS finishes processing claims later in 2025, nearly four times the initial projected cost. Most of the ERC was paid retroactively, well after pandemic-related economic disruptions had ended, limiting its effectiveness as a worker retention incentive.Key Points:1. The Joint Committee on Taxation (JCT) initially projected that t