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Discretionary pricing can lead to reduced revenue

You might expect that managers at local stores know best about how to price products to improve sales revenue locally, but new research by Gies professor Iris Wang suggests that may not always be the case.

Can ChatGPT give good financial advice?

In the paper, “ChatGPT, Help! I Am in Financial Trouble,” Professor Sterling Raskie and his coauthors find that at first glance, ChatGPT’s advice appeared reasonable. But when they dug in, that advice seemed to be less helpful than it initially seemed.