Professor Shor spoke to an audience of 100 CEOs and corporate presidents last week as part of the YPO-WPO Passion For Learning Day in Princeton, NJ.
The Young Presidents’ Organization (YPO) – World Presidents’ Organization (WPO) is an international organization for heads of large corporations to network and learn.
The event featured three speakers – Professor Shor joined two professors from the Harvard Business School – who each led a two-hour educational session.
Professor Shor spoke about the practical uses of game theory in business.
Last Thursday, eighty Hartford-area residents met at NIXS in Hartford for cocktails and a discussion of climate change, part of UConn’s ongoing Science Salon series.
Professor Shor discussed his latest research about how people process (and ignore) scientific evidence in favor of preconceived notions. One audience member (failing to appreciate the irony) told the entire panel of scientists that he does not believe a word of what they are saying but their “so called facts” conflict with his prior view.
For an overview of (and photos from) the event: http://sciencesalon.uconn.edu/past-events/
For the first Science Salon (including Dick Langlois): http://econ.uconn.edu/2015/06/08/professor-langlois-at-uconns-first-science-salon/
On October 30 Professors William Alpert and Mikhael Shor presented a workshop to 20 members of the Early College Experience faculty.
Early College Experience (ECE) is an opportunity for students to take UConn courses while still in high school. Every UConn ECE course is equivalent to the same course at the University of Connecticut. There are approximately fifty courses in over twenty disciplines made available to partner high schools. Courses are taught on the high school campus by high school instructors who have been certified as adjunct faculty members by the University of Connecticut.
The Economics Department now offers Connecticut High School students three introductory economics classes at almost 30 high schools throughout the state. The workshop highlighted Professor Shor introducing the teachers to current thinking about behavioral economics and included discussions of best practices of integrating the political landscape into economic study, the economics of migration and immigration, the distributions of income and wealth, and current thinking about macroeconomics and money.
During the last decade ECE has grown to over 11,000 FTE students and from 2 economics instructors to 25. Professor Alpert is the ECE Economics Department Coordinator.
Professor Mikhael Shor has had his paper, “How collaborative forecasting can reduce forecast accuracy,” accepted by Operations Research Letters.
The brief article compares an independent supplier and retailer who each forecast consumer demand with a jointly-profit-maximizing supplier and retailer who share their forecasts of consumer demand. The move from non-collaborative to collaborative forecasting can have the unexpected impact of decreasing demand forecast accuracy while still increasing profit. Therefore, collaborating firms should maintain a focus on profits, not forecast accuracy, as the appropriate measure of success.