Lying CEOs and the analysts who fall for them

+ Rap lyrics as criminal evidence US Edition - Today's top story: Deceit pays dividends: How CEO lies can boost stock ratings and fool even respected financial analysts [View in browser]( US Edition | 27 September 2023 [The Conversation] [The Conversation]( Top headlines - [Anger over Nagorno-Karabakh inaction]( - [Location barrier to green jobs transition]( - [‘India’ or ‘Bharat’ − what’s in a name?]( Lead story The typical financial analyst in the U.S. earns less than $100,000 a year, but top names in the field take home far more princely sums. It’s no surprise these big-name moneymakers are well compensated – after all, their job is to turn their employers’ small fortunes into, well, much larger ones. But do big-league analysts really deserve those big paydays? New research from Boise State University management professor Steven Hyde and his team suggests otherwise: Financial analysts are [often duped by lying CEOs]( − in fact, the best-respected analysts may be the most gullible. Hyde’s research suggests firms are wasting money on bad advice − but its implications go beyond the world of finance. In fact, to reach Hyde’s conclusions, his team built what amounts to an artificial intelligence lie detector. And, as he argues, this sort of cutting-edge work in psychometrics could reshape society as a whole. One last note: we rely on readers like you to bring you the latest research like this. [Please support our work today](. Tracy Walsh Economy + Business Editor Everyone is vulnerable to the ‘truth bias’ − even people paid to know better. Stephanie Phillips/E+ via Getty Images [Deceit pays dividends: How CEO lies can boost stock ratings and fool even respected financial analysts]( Steven J. Hyde, Boise State University Financial analysts have a gullibility problem − and the better their reputation, the worse it is. 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Ruby, University of Montana Wildland firefighters need the endurance of a cyclist in the Tour de France, and the work takes a toll on their bodies. A physiologist explains what’s at stake. - [Fossil fuel workers have the skills to succeed in green jobs, but location is a major barrier to a just transition]( Morgan R. Frank, University of Pittsburgh; Junghyun Lim, University of North Carolina at Chapel Hill In a greener future, what becomes of current fossil fuel workers? Despite possessing skills applicable to green industries, their geographical locations will limit their opportunities. Education - [Philly undercounts students who are homeless – here’s what parents need to know to advocate for their child]( Stacey Havlik, Villanova University A professor of counseling who researches homelessness offers tips so parents can make sure their child gets the school support and accommodations they are entitled to. 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Its levelized cost of electricity benchmarks show new-build renewable energy was cheaper than new-build fossil fuel power in early 2023.]( From the story, [Summer 2023 was the hottest on record – yes, it’s climate change, but don’t call it ‘the new normal’]( - - More of The Conversation Like this newsletter? You might be interested in our weekly and biweekly emails: • [Weekly Highlights]( • [Science Editors' Picks]( • [This Week in Religion]( • [Politics Weekly]( • [Global Perspectives]( • [Global Economy & Business]( Trying out new social media? Follow us: • [Threads]( • [Bluesky]( • [Spoutible]( • [Mastodon]( • [Post.news]( • [LinkedIn]( - - About The Conversation We're a nonprofit news organization dedicated to [helping academic experts share ideas with the public](. We can give away our articles thanks to the help of foundations, universities and readers like you. 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