Entries by Alex Edmans

Top Five TEDx talks

I previously posted my top ten TED talks. TEDx is similar to TED but is an independently organised event under the TED banner, similar to a franchise. Many famous “TED” talks are actually from an independent TEDx event, and most are unaware of the difference. Here are my favorites: 1) Why Work Doesn’t Happen at Work […]

Personal Leadership

The Secrets of Time Management. Article in CityAM. VIDEO:  Fulfilling Careers and Full Lives. Talk on career choice and personal leadership. VIDEO:  Take Every Opportunity. 3-minute social experiment on the importance of boldness and being proactive. VIDEO:  Leadership Through Freedom. Talk on serving others, time management, dealing with external challenges, and living boldly. VIDEO:  Wharton MBA 2014 Graduation […]

Using Behavioral Economics to Keep Resolutions

In 2010, David Cameron set up the “Behavioural Insights Team” (nicknamed the “Nudge Unit”) to use behavioral economics to “nudge” individuals to take superior decisions for themselves and society, e.g. save more, register as organ donors, or give to charity. It uses Randomized Control Trials (RCTs) to find the method that best works – similar […]

Dangers of Using a Company-Wide Discount Rate

Any Finance 101 class will emphasize that the appropriate discount rate for a project depends on the project’s own characteristics, not the firm as a whole. If a utilities firm moves into media (e.g. Vivendi), it should use a media beta – not a utilities beta – to calculate the discount rate . However, a survey found that […]

Mergers and Acquisitions

Show Me the Money: Aura of Top M&A Banks Often Obscures Low Returns for Clients. Investment banks advise clients to do bad deals to improve their league table position. Interview with Knowledge@Wharton. Going Beyond Rankings to Assess M&A Bankers. How a bank’s league table position is a poor measure of the quality of its advice. Article […]

Capital Raising

Equity, Debt, or Assets? A New Lens for Looking At Raising Capital. How should firms choose between asset sales and issuance when needing to raise cash? Interview with Knowledge@Wharton. Selling Assets To Raise Corporate Capital. VoxEU op-ed on same topic.

Housing Crisis

An Incentive-Based Solution to Strategic Mortgage Default. A solution to mortgage default based on behavioral economics, currently implemented across the US. On TIME magaine’s 50 best inventions of 2010. VoxEUop-ed. A New Incentive Program Aims to Slow Rising Mortgage Defaults. Interview with Knowledge@Wharton on same topic.