Given the recurring nature and pernicious effects of banking crises, a vast regulatory infrastructure has developed to minimize banks’ likelihood of failure by influencing the types of risks they take. Against this backdrop, HKUST’s Arthur Morris and colleagues shed new light on how to structure executive compensation to balance risk-taking with prudence in ... Read More

When making online purchases, consumers often encounter a lengthy list of products whose quality they know little or nothing about, ranked by an unknown algorithm. Users often turn to others’ online reviews to estimate product quality—a process known as social learning. HKUST’s Dongwook Shin and colleagues shed light on the challenges that platforms face ... Read More