MIT News | Massachusetts Institute of Technology

GiveDirectly, a nonprofit co-founded by MIT and Harvard alumni, works with “economists to identify the most efficient ways to reduce poverty,” reports Katharine Houreld for The Washington Post. “Lump sums are the most efficient way to give cash, according to a study of GiveDirectly programs released in December that compared the impact of three methods,” explains Houreld. “Two years in, recipients of the lump sum have spent more money on health care, and more of their children have scored better on school exams, according to the study by MIT economics professor Abhijit Banerjee and others." 

Prof. Jonathan Gruber speaks with Boston Public Radio hosts Jim Braude and Margery Eagan to explain the relationship between inflation and interest rates. “What’s driving the inflation recently is auto insurance prices,” says Gruber. “Why are insurance prices going up? It actually comes back to the Fed. Auto insurers make a profit in two ways. One is by charging you more than they’ll pay out and the other is investing money and getting rates of return on that money.”

Writing for The Wall Street Journal, Prof. S.P. Kothari and Senior Lecturer Robert Pozen explain why U.S. consumers “continue to feel they are suffering from inflation, although the annual rate of inflation dropped sharply during 2023.” “The answer is that consumers have a broader time horizon,” they write. “[Consumers] are looking at the rate of price increases over the past three years. From January 2021 to January 2024, the consumer price index for all items rose by 17.96%.”

Researchers at MIT have found that AI can “be remarkably persuasive when reinforced with facts,” reports Parmy Olson for Bloomberg. “The scientists invited more than 2,000 people who believed in different conspiracy theories to summarize their positions to a chatbot — powered by OpenAI’s latest publicly available language model — and briefly debate them with the bot,” explains Olson. “On average, participants subsequently described themselves as 20% less confident in the conspiracy theory; their views remained softened even two months later.”

Boston Globe reporter Jon Chesto spotlights how MIT President Sally Kornbluth is “determined to harness MIT’s considerable brainpower to tackle” climate change. During a clean-tech entrepreneurship event hosted by the Advanced Research Projects Agency-Energy, Kornbluth highlighted the newly announced Climate Project at MIT, “which commits $75 million and dozens of faculty to solving some of the biggest climate problems.” Kornbluth also noted that MIT’s “culture of entrepreneurship” makes the Institute uniquely positioned to help address the challenges posed by climate change.

MIT scientists have uncovered evidence that the different layers of the brain’s cortex generate different brain waves, reports Simon Makin for Scientific American. “The findings may have implications for understanding—and even treating—neuropsychiatric conditions,” Makin explains.

Prof. Esther Duflo will present her research on poverty reduction and her “proposal for a global minimum tax on billionaires and increased corporate levies to G-20 finance chiefs,” reports Andrew Rosati for Bloomberg. “The plan calls for redistributing the revenues to low- and middle-income nations to compensate for lives lost due to a warming planet,” writes Rosati. “It also adds to growing calls to raise taxes on the world’s wealthiest to help its most needy.”

Scientific American reporter Riis Williams explores how MIT researchers created “smart gloves” that have tactile sensors woven into the fabric to help teach piano and make other hands-on activities easier. “Hand-based movements like piano playing are normally really subjective and difficult to record and transfer,” explains graduate student Yiyue Luo. “But with these gloves we are actually able to track one person’s touch experience and share it with another person to improve their tactile learning process.”

Axios reporter Steph Solis spotlights Kura, an MIT startup that is “developing a platform to help immigrants safely deliver money to loved ones back home.” Solis explains that: “Families worldwide rely on wire services like Western Union and Moneygram, but in some countries picking up money means waiting in long lines and exposing oneself to thieves.” Clifford Nau MBA ’22 and Stephanie Joseph, a Harvard alum, “wanted to build a safer alternative that would be available 24/7.”

Prof. Adam Berinsky speaks with Boston Globe reporter Aidan Ryan about misinformation in the age of generative AI. “I don’t think that AI is necessarily going to make misinformation better, in the sense of making it more persuasive,” says Berinsky.“But it’s easier to create misinformation.”