The price is right: price helps consumers stay committed to their long-term product preferences

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.

Students offer ideas for increasing locally grown food on campus

Business student Marc Bernstein and architecture student Miriam Alexandroff, both juniors, won the top prize in this year’s Olin Sustainability Case Competition. The question was: Can WUSTL strengthen the local economy and limit its carbon footprint by sourcing more locally grown food, while still providing nutritionally balanced and diverse food options?

Inspiring successful entrepreneurs and social innovators with the Suren G. Dutia and Jas K. Grewal Global Impact Award in the Skandalaris Center

A recent gift of $1,025,000 will establish the Suren G. Dutia and Jas K. Grewal Global Impact Award in the Skandalaris Center for Entrepreneurial Studies at Washington University. The endowed fund will receive $1 million, with the remaining $25,000 to support awards made during the current academic year. Applications are being accepted until March 24 for awards to support business ventures aimed at catalyzing social change.

Students in CELect course make impact on local startups

St. Louis is becoming widely recognized as a successful hub for startup businesses, with a wide range of groups and services that provide a support network for budding entrepreneurs. WUSTL students are getting a firsthand look at one of those resources this semester as they help formulate pricing strategies, marketing plans and competitive analysis for businesses working at T-REX in downtown St. Louis.

Nanopore Diagnostics wins Olin Cup

According to the U.S. Centers for Disease Control and Prevention, antimicrobial resistance is one our most serious health threats, with infections from resistant bacteria becoming far too common. Part of the problem is over-prescription of antibiotics. Nanopore Diagnostics, winner of this year’s Olin Cup, hopes to change that.

Announcing Washington University’s Spring 2014 Assembly Series

The Washington University in St. Louis Assembly Series turned 60 in 2013, and to mark such an august occasion, it’s fitting to remember why the lecture series was conceived in the first place. The Assembly Series launched during the institution’s centennial celebration in 1953 as a way to involve the broader St. Louis community in the robust intellectual life on campus.
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