Would Chat GPT Get a Wharton MBA? New White Paper By Christian Terwiesch

GPT, the artificial intelligence chatbot from OpenAI, went viral soon after its launch, drawing attention to and raising questions about the future of generative AI. But is it smart enough to pass a final exam in a typical Wharton MBA course? Mack Institute Co-Director Christian Terwiesch published his findings inRead More

Artificial Intelligence, Lean Method and Startup Product Innovation

Funded Research Proposal

As startups are at the forefront of adopting AI tools, it is important to understand whether AI can amplify the effects of lean methods in helping startups to be even more responsive to market conditions that before. And if so, to what extent and under what conditions AI can complement lean method in developing products.Read More

Understanding the Network of Websites: How Can We Improve Digital Privacy?

Funded Research Proposal

The first study aims to investigate the online data network, in which personal information flows between websites, in order to analyze which privacy policy interventions would be most effective. The second study focuses on individual household’s internet browsing behavior and analyzes vulnerability of different socioeconomic groups to privacy violating data collection activities.Read More

Consumer Preferences and Firm Technology Choice

Working Papers

Advances in intelligent technologies change the way consumers search and shop for products. Emerging is the trend of home-shopping devices such as Amazon’s Alexa and Google Home, which allow consumers to search or order products using voice commands.Read More

Digital Redlining and the Distributional Effects of AI-enabled Promotional Targeting

Funded Research Proposal

In recent years, firms have started to incorporate new techniques from artificial intelligence into their decision making processes. However, these techniques come with a novel set of reputational and legal risks relating to algorithmic bias and digital discrimination. Read More

Artificial Intelligence and Drug Innovation: A Large Scale Examination of the Pharmaceutical Industry

Working Papers

Artificial Intelligence (AI) is playing an increasingly important role in the global economy and has transformed many business practices. As AI has advanced beyond the conventionally narrow domains, it is starting to exhibit characteristics of “general purpose technologies (GPT)” that are expected to change the nature of more business innovations and reduce their associated financial costs and time.Read More

The Employment Consequences of Robots: Firm-Level Evidence

Working Papers

As a new general-purpose technology, robots have the potential to radically transform industries and affect employment. Preliminary empirical studies using industry and geographic region-level data have shown that robots differ from prior general-purpose technologies and predict substantial negative effects on employment.Read More