There was a time when Richard Thaler's research was controversial. Now he has the 2017 Nobel prize in economics. The Smith School's Francesco D'Acunto discusses why his work is so influential.

Virtually all director elections in the U.S. are uncontested and a single “for” vote is enough to elect a director. Do votes in these routine elections even matter? Yes, according to new research.

Investors hate competition because it destroys firm value, but it also spreads the risk among many players when market demand falls.