Experience Stern | News & Events

Excerpt from US News -- "'People tend to overestimate how much events and experiences will affect their happiness in the long run,' Meyvis said. 'In the long term, it doesn't matter. You go back to your baseline level of happiness.'"

Excerpt from The Huffington Post -- "In December, the U.S. and the UK took a significant step in that direction, announcing a common strategy for resolving insolvent cross-border financial giants, known as global systemically important financial intermediaries (G-SIFIs). In spite of this progress and the Dodd-Frank law notwithstanding, the specter of 'too big to fail' still haunts the financial landscape."

Excerpt from the Washington Post -- "I will never know whether my actions in Afghanistan were right or wrong. On good days, I believe they were necessary. But instead, I want to believe that killing, even in war, is wrong."

Excerpt from Bloomberg -- “'BRICs have been hyped up too much,' Roubini said in an interview today at the World Economic Forum’s annual meeting in Davos, Switzerland."

Excerpt from CNBC -- "To stay on top over time, Apple will have to engage actively in the creative destruction of the very revenue model that sustains it. They will gradually have to sacrifice the device lock-in afforded by iTunes."

Excerpt from Reuters -- "With the U.S. government mulling significant cuts to the defense budget, smaller companies that contract with the government for defense projects could suffer, Altman told a group of restructuring professionals at his 12th annual Corporate & Sovereign Credit Market Outlook luncheon."

Excerpt from Bloomberg -- "The fundamental problem -- look at the unemployment numbers in Spain today, rising even further. They're really shocking numbers."

Excerpt from the Financial Times -- "In Europe we need to get through a few elections without a major disruption of the reform programs needed to continue the stabilisation of bond markets."

Excerpt from Outlook India -- "As more and more people get to use it, more and more applications will start getting attached to it. The blueprints already demonstrate how it can be used to access the banking system for transactions or how it can be used to open a bank account or get a mobile phone connection."

Excerpt from Forbes -- “'We’re going to have to invent new economics to capture the impact of the sharing economy,' says Arun Sundararajan, a professor at the Stern School of Business at NYU who studies this phenomenon."

Excerpt from The Guardian -- "Viral Acharya, a professor at NYU's Stern School of Business, believes that it is helpful for these companies to go out of business because it requires their employees to work on new efforts for innovation rather than being attached to old, dying technologies."

Excerpt from MarketWatch -- "But there is at least one academic study that found that the Dow Theory has genuine merit. It was conducted in the mid 1990s by three finance professors: Stephen J. Brown of New York University, William Goetzmann of Yale University, and Alok Kumar of the University of Miami."

Excerpt from MarketWatch -- "The study, done by Edwin Elton, Martin Gruber and Christopher Blake, showed that 401(k) plan administrators choose mutual funds that lag comparable indexes. When changing plan offerings, administrators routinely chase returns and do not improve performance."

Excerpt from the Wall Street Journal -- "The settlement serves 'as a warning to others, to set a precedent that says, "Look, this is behavior we don't think is appropriate and we're going to take appropriate action,'" said Lawrence J. White, a professor at New York University's Stern School of Business."

Excerpt from Al Jazeera -- "The World Bank estimates that over the next five to 10 years, China will export something like 85-100 million jobs to earlier-stage developing countries, and that they will be replaced by higher-value-added activities. This is the opportunity of the century for the earlier-stage developing countries, because for a long time they’ve been saying, rightly or wrongly, that they can’t compete with China. Well, China is moving on just like Korea did before, and now is their chance."

Assistant Professor of Marketing Adam Alter and PhD student Eesha Sharma at NYU Stern reveal why people who feel financially constrained might be lured to purchase scarce or rare products—those that aren’t widely available to other people. The authors suggest that consumers who feel financially disadvantaged counteract feelings of financial deprivation by acquiring these scarce products, precisely because they seem unavailable to others.

Excerpt from Today.com (NBCNews.com) -- "Myspace liberally borrows features from other social networks, but experts caution that could be a double-edged sword. Users obviously aren’t looking for redundancy, but a remix has the chance to deliver a better experience, said Sinan Aral, an assistant professor and Microsoft faculty fellow at the New York University Stern School of Business."

Excerpt from Reuters -- "A 2010 study from New York University's Stern School of Business found that a single appearance by the first lady can generate $14 million in value for a company."

Excerpt from Project Syndicate -- "The global economy this year will exhibit some similarities with the conditions that prevailed in 2012. No surprise there: we face another year in which global growth will average about 3%, but with a multi-speed recovery – a sub-par, below-trend annual rate of 1% in the advanced economies, and close-to-trend rates of 5% in emerging markets. But there will be some important differences as well."

Excerpt from the Economic Times -- "There is a lot more entrepreneurship in India than before; people are willing to overcome handicaps and that's why India has a chance to maintain such growth."

Excerpt from the Business Standard -- "Students from HR College and St Xavier’s College, Mumbai, come to our institute for a short period in May. India is very important to us and we plan to gradually increase our presence here. India is one of the top four leading providers of students to NYU Stern."

Excerpt from LiveMint -- "Despite the largest financial crisis since the 1930s, progress towards international coordination of financial regulation remains dismally slow. To speed the development of a harmonized regulatory framework, policymakers need to focus on international rules for financial instruments, rather than just financial institutions."

Excerpt from CNBC -- "The good news is that the leadership team appears committed to the systemic reforms that are required to get that done. We'll see."

Excerpt from BBC Radio -- "LIBOR was constant. It essentially took the same value day in and day out for a period of about a year and that by itself is an unexpected pattern because one would expect that borrowing costs would vary, even if slightly, over time, and therefore one would expect the LIBOR, even if just a bit, to move from one day to the following."

Excerpt from The New York Times -- "'Participants tend to allocate inefficiently,' he said. 'If you give them bad choices, then there is a tendency for them to put more money into those bad choices.'"