Business & Entrepreneurship

Carbon dioxide, which enters the atmosphere through the burning of coal and other fossil fuels, is a significant contributor to U.S. greenhouse gas emissions. Last year, President Barack Obama proposed a sweeping climate action plan to mitigate the impacts of climate change. Washington University in St. Louis, a leader in advanced coal research and technology, will be contributing to the president’s plan with research funded by a $3.4 million grant from the U.S. Department of Energy.

Olin Business School celebrated its 97th birthday March 28 with barbecue, arcade games and fun in the school’s newly opened Knight and Bauer halls. Pictured is Olin employee Nate Quest.

Washington University School of Law will establish a Prosecution Law Clinic in partnership with the City of St. Louis Circuit Attorney’s Office. The clinic will be funded by a generous gift from former prosecutor and law alumna Alicia McDonnell (right) (JD ’95), who hopes to strengthen the ranks of criminal prosecutors by creating opportunities for talented law students to gain hands-on experience essential to a career in criminal justice.

The U.S. Supreme Court, in the McCutcheon v. FEC decision, removed the cap on the number and amount of donations a person can give during political campaigns. Gregory Magarian, JD, election law expert and professor of law at Washington University in St. Louis, says that this decision will have a major impact on campaigns – a much bigger impact than the earlier Citizens United campaign finance decision. This decision “marks then end of campaign finance regulation as we know it,” says Magarian.

Placing a bet with a few friends on the NCAA basketball tournament this year? You might not enjoy the experience as much as if you hadn’t laid down any money. “Predictions have a negative effect on enjoyment when the outcome is relatively uncertain,” as in the upcoming basketball tournament, says Stephen M. Nowlis, PhD, the August A. Busch, Jr. Distinguished Professor in Marketing at Olin Business School.

As big data moves to the forefront of the boardroom, how do businesses keep up and find qualified people to manage it all? Olin Business School aims to help solve this problem with the launch of its Master of Science in Customer Analytics degree, offered in partnership with IBM.

Graduate and professional students presented their research during the 19th Annual Graduate Student Research Symposium, held Feb. 22 in Whitaker Hall. Suthatip Jullamon, a law student, explains her research comparing class-action law in Thailand with the U.S.

Nancy Staudt, JD, PhD, vice dean for faculty and academic affairs at the University of Southern California Gould School of Law, has been named dean of the School of Law at Washington University in St. Louis, effective May 15, 2014, according to Chancellor Mark S. Wrighton. She also will become the Caroline and Howard N. Cayne Professor of Law as well as a professor at the Brown School.

From a product’s ease of use to its number of overall features, consumers often make tradeoffs in choosing a product. Although consumers tend to prefer higher functionality in the long-term, they often prefer no-hassle convenience in the short-term. A new study out of Olin Business School finds that highlighting price helps consumers stick to their long-term preferences by nudging them to think about value.

Hank Webber, executive vice chancellor for administration, sits down with the Record to talk about Washington University’s major role in the growth of St. Louis’ central corridor. An expert in urban planning, Webber knows faculty and students want to be part of a thriving community, so he focuses on projects that are winners for both WUSTL and the region.