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The typical financial analyst in the U.S. earns less than $100,000 a year, but top names in the field take home far more princely sums. It’s no surprise these big-name moneymakers are well compensated – after all, their job is to turn their employers’ small fortunes into, well, much larger ones.
But do big-league analysts really deserve those big paydays? New research from Boise State University management professor Steven Hyde and his team suggests otherwise: Financial analysts are often duped by lying CEOs − in fact, the best-respected analysts may be the most gullible.
Hyde’s research suggests firms are wasting money on bad advice − but its implications go beyond the world of finance. In fact, to reach Hyde’s conclusions, his team built what amounts to an artificial intelligence lie detector. And, as he argues, this sort of cutting-edge work in psychometrics could reshape society as a whole.
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Tracy Walsh
Economy + Business Editor
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Everyone is vulnerable to the ‘truth bias’ − even people paid to know better.
Stephanie Phillips/E+ via Getty Images
Steven J. Hyde, Boise State University
Financial analysts have a gullibility problem − and the better their reputation, the worse it is.
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Politics + Society
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Nareg Seferian, Virginia Tech
Violence has caused thousands to flee the Armenian-populated enclave of Nagorno-Karabakh amid anger over perceived lack of action from Washington or the international community.
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Laura Blessing, Georgetown University
You won’t be able to ignore a government shutdown. From delayed business loans to slower mortgage applications and postponed food inspections, the effects could be substantial.
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Arts + Culture
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Phillip M. Carter, Florida International University
The government’s use of the Hindi word for ‘India’ revives debates over whether Hindi should be the national language – and reopens some old wounds.
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Taifha Natalee Alexander, University of California, Los Angeles
A critical race theory scholar explains why it’s problematic to use rap lyrics as evidence of a crime, and what some lawmakers are doing to protect artistic expression.
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Science + Technology
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Nathan Cheek, Purdue University
While women in poverty are more likely to experience sexual harassment and domestic abuse than higher-income women, people assume it is less distressing for them.
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Environment + Energy
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Brent C. Ruby, University of Montana
Wildland firefighters need the endurance of a cyclist in the Tour de France, and the work takes a toll on their bodies. A physiologist explains what’s at stake.
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Morgan R. Frank, University of Pittsburgh; Junghyun Lim, University of North Carolina at Chapel Hill
In a greener future, what becomes of current fossil fuel workers? Despite possessing skills applicable to green industries, their geographical locations will limit their opportunities.
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Education
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Stacey Havlik, Villanova University
A professor of counseling who researches homelessness offers tips so parents can make sure their child gets the school support and accommodations they are entitled to.
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Ethics + Religion
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Armin Langer, University of Florida
In some conservative countries, the abaya is part of expected dress. But in countries where Muslims are in the minority, the abaya can be a way for women to connect with their religious identity.
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