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Free and perfectly safe but only partially effective vaccines can harm everyone

Date: 01/07/2020 Author(s): Eduard Talamàs; Rakesh Vohra Document type: Article in Journal (refereed) Risk compensation can undermine the ability of partially-effective vaccines to curb epidemics: Vaccinated agents may optimally choose to engage in more risky interactions and, as a result, may increase everyone's infection probability. We show that--in contrast to the prediction of standard models--things can be worse than that: Free and perfectly ... More information

Here Is Why Covid-Driven Virtual Opportunities In Academia Can Open Up Education

Date: 01/07/2020 Author(s): Antonino Vaccaro; Mario Caligiuri Document type: Opinion More information

Perché le opportunità virtuali accademiche possono ampliare l’istruzione

Date: 01/07/2020 Author(s): Antonino Vaccaro; Mario Caligiuri Document type: Opinion Poche persone lo sanno, ma le università medievali erano comunità che anticipavano l’idea di globalizzazione di un paio di secoli, alcune di un millennio. L’Università di Bologna, fondata nel 1088, e l’Università Sorbona di Parigi, fondata nel 1150, avevano professori e studenti da tutto il mondo. Questo flusso di persone che continuava a spostarsi ... More information

Social learning equilibria

Date: 01/05/2020 Author(s): Manuel Mueller-Frank; Elchanan Mossel; Alan Sly; Omer Tamuz Document type: Article in Journal (refereed) We consider a large class of social learning models in which a group of agents faceuncertainty regarding a state of the world, share the same utility function, observe pri-vate signals, and interact in a general dynamic setting. We introduce social learningequilibria, a static equilibrium concept that abstracts away from the details of the givenextensive ... More information

Über Wahrscheinlichkeiten und Prozentsätze in Zeiten von Corona

Date: 01/05/2020 Author(s): Sebastian Hafenbrädl Document type: Opinion More information

How to lead in times of great uncertainty

Date: 01/04/2020 Author(s): IESE Insight Document type: Session (Video)


The spread of the novel coronavirus has brutally impacted markets and had a significant impact on businesses. No one can predict with confidence what will happen over the next 18 months. CEOs and senior ...
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Negotiating for crisis management

Date: 01/04/2020 Author(s): IESE Insight Document type: Session (Video)


Negotiation is hard enough at the best of times, but in times of crisis it becomes even more challenging. IESE's Kandarp Mehta explains the key aspects of negotiating in crisis situations, from preparing ...
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What do we have to lose? Risk compensation during a pandemic

Date: 01/04/2020 Author(s): Eduard Talamàs Document type: Non-refereed article In the race to get COVID-19 under control, should we roll out a new vaccine that's perfectly safe but only partially effective? Not so fast: if the less-than-optimal vaccine encourages risky behavior, it may end up causing more harm than good. More information

Mutually assured construction: Negotiating cooperatively to rebuild after the crisis

Date: 01/04/2020 Author(s): Kandarp Mehta; IESE Insight Document type: Supplementary Material Never have win-win negotiations been more necessary -- and challenging -- than during the coronavirus crisis. Our future may depend on negotiations that achieve our objectives and also build relationships based on trust and hope. And, yes, getting this all done online. More information

Three key trends

Date: 01/04/2020 Author(s): Franz Heukamp Document type: Opinion It still remains to be seen what the 'new normal' really means for business after this crisis. However, there are three trends that I think we can already see will have a big part to play in this... More information
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