Abstract
Given a closed simply connected manifold of dimension , we compare the ring of characteristic classes of smooth oriented bundles with fibre to the analogous ring resulting from replacing by the connected sum with an exotic sphere . We show that, after inverting the order of in the group of homotopy spheres, the two rings in question are isomorphic in a range of degrees. Furthermore, we construct infinite families of examples witnessing that inverting the order of is necessary.
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