Kellogg School of Management at Northwestern University
Cheap Talk

Tue, May 9

Health Insurance And Flood Insurance

This paper by Finkelstein, Hendren, and Shepard finds that the uninsured have such a low willingness to pay for health insurance that they wouldn’t even cover the costs they impose on insurers: But for our entire in-sample distribution – which spans... More →

Cheap Talk

Fri, Apr 28

Strategic Ambiguity

Yesterday just before the start of a seminar I went to the thermostat to try to warm up the room.  The speaker saw me fiddling with it and nodded with approval.  I said nothing, turned up the heat and returned... More →

Cheap Talk

Wed, Apr 5

Politicians and Backward Induction

NYT on whether to filibuster Gorsuch now or wait: The substantive stakes now are relatively low: Judge Gorsuch appears to be very conservative, but so was Justice Scalia. Confirming Judge Gorsuch would merely preserve the ideological status quo on the... More →

Harry Kraemer

Sat, Mar 25

Values-Based Leadership in Action!

One thing I enjoy tremendously is seeing values-based leadership in action. Over the years I have had the opportunity to witness many such instances, and I frequently share these “Real World” examples with my students and executives who attend my leadership talks... More →

Cheap Talk

Mon, Mar 20


A few weeks ago, I went to a meeting. There was a part of the meeting where some open-ended information was disseminated and very general comments were sought. Now, one possibility when you make a comment is that it leads to... More →

The Operations Room

Mon, Feb 20

Printing fabric for couches

Have you ever ordered a couch or arm-chair and waited an interminable amount of time for delivery? The usual reason why getting upholstered furniture often takes forever is the fabric. From the manufacturer’s point of view, the fabric is expensive, which would... More →

Harry Kraemer

Sat, Feb 11

Two Fun Days in Bali!

I must admit, Bali was not a place I thought I would have the opportunity to visit this year. I knew it was in Indonesia, and I remember seeing the Broadway musical “South Pacific,” but that was about the extent... More →

Harry Kraemer

Wed, Feb 8

Two Interesting Days in Jakarta

Greetings from Jakarta! I am spending two days here before teaching in the Kellogg-HKUST executive MBA program this coming weekend in Hong Kong. I had the opportunity to spend time on Sunday with Kellogg and K-HKUST alums at the Jakarta offices... More →