AI significantly impacts our daily lives, making interactions with algorithms increasingly common. These algorithms rely on past data to identify patterns and make recommendations, such as suggesting investments or filtering job applications. However, research in economics and computer science don’t explain these novel interactions. We created a model that analyzes how individuals can strategically interact with AI algorithms and bias its outcomes to serve their own interests.
By Atulya Jain
During the Global AI Summit in Paris, HEC Paris professors Yann Algan and Gilles Babinet analyzed the link between artificial intelligence and democracy. They mapped 100 initiatives worldwide to find who drives mutual influences between AI and democracy, what opportunities AI offers to improve our democratic commons and public services, and what are its dangers.
By Yann Algan , Gilles Babinet
Recent elections, G20 summits, and CEO pay scandals have brought inequality to the forefront of the news. Economists often point out that decisions on, say, tax policy in this arena depend on society’s – and individuals’ – attitudes to inequality and fairness. But how you feel about a given inequality depends on how it affects you. Our recent research on behavioural economics reveals how consumers care about fairness in the product they are proposed, and how it affects their purchase.
By Brian Hill
Central bankers have recently been under considerable pressure. They responded to the recent surge in inflation with rate hikes that not only raised concerns about economic growth but also increased the cost of issuing new public debt, constraining fiscal policy and potentially making some public debt unsustainable.
By Eric Mengus
Many studies have attempted to estimate the potential effects of technological change on employment and the labor market in France. In March 2024, Emmanuel Macron received the first report from the Committee on Generative Artificial Intelligence, which partly utilizes the recent study by HEC economics professor Antonin Bergeaud. The report concludes that jobs directly replaceable by AI would only represent 5% of the jobs in a country like France, and automation could affect between 10% and 20% of workers, with a high prevalence among managers. In this article, we present the results of these analyses in context.
By Antonin Bergeaud
Our podcast series, Breakthroughs, dedicates a special episode to the launch of a new elective on sports and commerce for students. Titled “Sport & Business,” this six-month program includes theoretical work followed by fieldwork in partnership with the French professional football club Racing Club de Lens. Professor Luc Arrondel oversees the academic content of the elective. This researcher shares his pedagogical approach centered on the economics of football. In the second part of the podcast, we follow the first gathering of the Sports Economy Summit titled Sport Definition. HEC leaders, students, and alumni attended sessions dedicated to the school's research, teaching, and actions in this flourishing sector.
This special edition of the Knowledge@HEC review focuses on the Earth’s planetary boundaries. The issue highlights HEC Paris' approach toward organizational, environmental, and societal challenges linked to the nine planetary boundaries within which humanity can develop for generations to come. The review showcases research and initiatives aimed at informing and empowering businesses, policymakers, and future leaders. We highlight the multidisciplinary approaches in the school's research, teaching, and action, inviting HEC Paris students, graduates, professors, entrepreneurs, and donors to share their visions of a more sustainable future. "Aligning Business with Planetary Boundaries" will be officially launched at the HEC Climate Day on May 22. Meanwhile, you can find the pdf here.
For a long time, addressing sustainability problems has been regarded as a technological challenge. Today, supporting the transition to a more sustainable world has transcended this technological status and emerged as a quintessential management, economic, and behavioral challenge. Within this realm, research in social sciences and management assumes a pivotal role, offering insights across various crucial dimensions of the transition.
At HEC Paris, the integration of research, teaching, and action is a fundamental philosophy that we embody. In today's dynamic landscape, where environmental and social challenges are increasingly prominent, HEC serves as a beacon of innovation and responsibility. As Europe's leading business school, we acknowledge our responsibility to guide future leaders in navigating the complexities of a world in flux.
HEC Paris undergoes a transformative shift in its curriculum. Building on its legacy of sustainability initiatives, the institution now prioritizes planetary boundaries and societal impact. The updated curriculum emphasizes sustainability integration and student empowerment for real-world impact. This reflects HEC's dedication to nurturing leaders prepared to address modern challenges.
