Experience Stern | News & Events

Excerpt from New York Post -- "Health-care costs are huge, and still rising. Based on current trends, in 2105 US health care will consume 62% of our national income. And this is nothing to worry about. How can this be? Relying primarily on simple logic and storytelling, NYU economist William J. Baumol lays out the answer in his new book, “The Cost Disease: Why Computers Get Cheaper and Health Care Doesn’t” (Yale University Press), by making us think about several other paradoxes."

Excerpt from The Daily -- "Arun Sundararajan, a digital strategy professor at New York University’s Stern School of Business, said Kindle sales were probably a low-margin business for Walmart, though the shift had deeper strategy behind it. 'It’s not surprising,' he said. 'Every time Walmart sells a Kindle, it benefits Amazon far more than it benefits Walmart.'"

Excerpt from The New York Times -- "People who feel duped are more angry and less likely to return to the offending company, according to research by Vicki Morwitz, a marketing professor at New York University Stern School of Business who has studied consumer responses to what’s known as drip pricing by airlines and rental car agencies. 'You can’t win over a consumer by misleading a consumer,' she said. 'You’re going to lose by negative word of mouth.'"

Excerpt from Fast Company -- "In Disrupt, Luke Williams writes about the importance of identifying “tension points,” moments when life-as-usual conflicts with the idiosyncrasies of a product or service. The challenge for the designer is to find them, even though people tend not to mention them or even notice them. They show up as patterns: repeated comments and observations, often off-hand. The customer simply accepts them as part of the inherent frustration of the activity."

Excerpt from Forbes -- "Public companies also invest 'in a way that is considerably less responsive to changes in investment opportunities, especially in industries in which stock prices are quite sensitive to earnings news,' write John Asker, associate professor of economics at New York University’s Stern School of Business, Joan Farre-Mensa, assistant professor at Harvard Business School, and Alexander Ljungqvist, NYU professor of finance and entrepreneurship."

Excerpt from The Wall Street Journal -- "Inflation is ancient history to most Americans, like some medieval curse, but the risk of resurgence in a world of fiat currency demands vigilance. Volcker worries that the international financial system is especially vulnerable now, 'when foreign countries own trillions of our dollars, when we are dependent on borrowing still more abroad, and when the whole world counts on the dollar's maintaining its purchasing power.'"

More than 450 aspiring entrepreneurs from NYU’s student, alumni and faculty communities gathered in Paulson Auditorium to hear about this year’s Entrepreneurs Challenge. During the official Kick-Off, attendees received information about NYU Stern’s 14th Annual New Venture Competition and 10th Annual Social Venture Competition – both sponsored by Stern’s Berkley Center for Entrepreneurship & Innovation – and NYU’s 3rd Annual Technology Venture Competition, hosted by Stern’s Berkley Center and NYU’s Innovation Venture Fund.

As part of NYU Stern’s Leadership Series, Jeff Zucker, executive producer of “Katie” and former president & CEO of NBC Universal, will speak with MBA students over breakfast about his career and today’s business landscape.

Excerpt from USA Today -- "Clinton, the U.N. Special Envoy to Haiti, also announced a new partnership with New York University's Stern School of Business and the Center for Investment Facilitation. The effort aims to make it easier to invest in Haiti through the creation of what Clinton called a 'one-stop shop for potential investors.'"

Excerpt from New York Post -- "In the spring semester, about 15 to 20 students take a three-week trip to India. When they return, they're buzzing with ideas [and] first-hand experiences."

Excerpt from ABC News -- "In terms of the leadership and management, I think I have a good hold on that. Now I just need to translate that and transfer that to the corporate world, and that's why I'm here."

Excerpt from CNBC -- “We were relying on the one growth engine in the world, which was the emerging economies coming out of the crisis, and now they've slowed down because of the hit they've taken primarily from Europe,”

Excerpt from The New York Times Campaign Stops blog -- "America is not united and it is getting less and less unitable with each passing decade. You can see us coming apart in three simple graphs."

Excerpt from NBCNews.com -- "Since 2004 they're going for the base. Outrage them and get them to the polls. That tends to suppress participation in the center, but it brings up turnout on the extremes and this contributes to the polarization. This is where we're stuck now."

Sinan Aral, Assistant Professor of Information, Operations and Management Sciences, (@sinanaral) recently spoke at Data Gotham 2012 where he made one pitch: to be doing more causal influence in data sets, particularly in networks.

Excerpt from Financial Times -- "This kind of puzzle – call it the hotel mini-bar problem – was explored a few years ago by economists Xavier Gabaix and David Laibson. The question is, is there some more transparent pricing scheme that aims for the same level of profitability as the companies which prefer to spring surprises on their customers? The answer is: no."

Excerpt from Project Syndicate -- "To the extent that this is true of other advanced economies, the global economy faces an extended multi-year period of low growth, with residual downside risk coming from policy gridlock and mistakes in Europe, the US and elsewhere. That scenario implies slower growth – possibly 1-1.5 percentage points slower – in developing countries, including China, again with a preponderance of downside risk."

As part of the Himelberg Speaker Series, Brad Feld, co-founder of TechStars, a mentor-driven start-up accelerator program, addressed a packed Cantor Boardroom at NYU Stern. An early stage investor and entrepreneur for more than 25 years, Feld shared several pieces of advice with Stern’s entrepreneurial community.

Excerpt from Financial Times -- "The seven judges chose the shortlist – including Volcker, William Silber’s newly published life of Paul Volcker, the former Federal Reserve chairman, and Steve Jobs, Walter Isaacson’s account of the life and work of the late chief executive of Apple – from 17 longlisted titles. Lionel Barber, the FT’s editor, called it “the strongest list in terms of quality” since the prize was launched in 2005."

Excerpt from The Wall Street Journal -- "'There is a common-law right to be in the banking business,' ... In 1916, he said there were 4,046 private banks in the U.S., but they fell out of favor after the Great Depression and with the advent of deposit insurance. Only a handful are left, said Mr. Sylla. 'It's not because they're illegal, but most people are going to prefer to deposit their money in an incorporated bank with deposit insurance,' he said. 'It's going to be more complicated for a private bank to get private insurance.'"

Excerpt from The Wall Street Journal -- "If Germany could credibly assure financial markets that the euro zone will not break up, then sovereign differentials would be reduced, bank balance sheets would be improved and prospects for future growth would rise. How could Germany convince financial markets? One way would be by committing to back eurobonds or similar forms of debt mutualization. If $2 trillion of eurobonds were authorized to recapitalize the banks—and the first tranches sold and used to rescue the weakest banks—then confidence in the market would do the rest."

The NYU Stern Center for Measurable Marketing conference will convene marketing leaders and top academics to explore the increasingly complex path-to-purchase, and the customer experience at the pre-purchase, at-purchase and post-purchase phases. Attendees will learn best practices along the path-to-purchase in measurement, digital, social and mobile, and hear from experts who are driving the new consumer journey.

Excerpt from Project Syndicate -- "Ineffective governments with weak leadership are at the root of the problem. In democracies, repeated elections lead to short-term policy choices. In autocracies like China and Russia, leaders resist the radical reforms that would reduce the power of entrenched lobbies and interests, thereby fueling social unrest as resentment against corruption and rent-seeking boils over into protest."

Excerpt from Science News -- “'Prior work on political mobilization and motivation for voting has been focused on the individual,' says information economist Sinan Aral of New York University. 'This paper presents really nice large-scale evidence that political mobilization is a peer-to-peer activity.'”

Excerpt from Bloomberg -- "I think logically, everyone thinks it's headed towards a mobile web HTML 5 but so far people seem to like their apps and apps have maintained huge share."