Experience Stern | News & Events

Excerpt from The Sun -- "Discovered in 1999, the effect was identified when a Mr McArthur Wheeler robbed two banks in Pittsburgh, USA, in broad daylight without a balaclava masking his face. Later that day, clear footage of Wheeler was all over the local news. He had smeared lemon juice on his face, thinking it would make him invisible to security cameras. Wheeler knew that lemon juice was used as invisible ink in letter writing but was stupid enough to believe it would hide his identity. This case came to the attention of David Dunning, a Cornell University psychology professor and his student Justin Kruger. And eventually it became the first recorded example of the Dunning-Kruger Effect."

Excerpt from Livemint -- "The recent restrictions placed by Indian exchanges are against our own long-term interests: providing fair, competitive markets for our own investors. Investors will gravitate towards venues that provide best execution, greatest liquidity through the lowest transaction costs, minimal frictions in terms of regulatory costs."

Excerpt from The Economist -- "The emergence of AVs helpfully coincides with a change in the structure of cities, says Shlomo Angel, an urban-studies expert at New York University. He argues that the monocentric model, with a centre surrounded by suburbs, is a thing of the past. In many large American and European cities, jobs are moving from downtown to the periphery, and workers increasingly commute from one suburb to another, rather than to and from the centre. His analysis shows that 75% of jobs in a typical American city are outside the urban centre."

Excerpt from Harvard Business Review -- "Research by management professors Andrew Hargadon of UC Davis and Beth Bechky of NYU shows that those volunteering ideas in such companies do not mindlessly spit back answers to the questions posed; they respectfully build on the comments and actions of others, considering 'not only the original question but also whether there is a better question to be asked.' As they do this over and over, new solutions emerge."

On March 1, The NYU Stern Office of Alumni Relations hosted an installment of the “Author Lecture Series” featuring Professor Melissa Schilling and Bloomberg View’s Justin Fox. The duo discussed findings from Schilling’s new book, “Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators who Changed the World”. 

This program is intended for participants who want to create a culture that values and encourages new ideas. Participants will learn to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their business.

Excerpt from CBC News -- "'It's corporate identity and corporate image,' he said. 'When Dick's Sporting Goods does this, it's very much linked to what their business is about … and a customer base that's more closely aligned with NRA interests.' Whether this represents an inflection point is hard to tell, though Schenkler said the company 'has opened the door' for gun retailers to reconsider their policies."

Excerpt from BBC Capital -- "'This is a generation that has actively had entrepreneurial opportunities growing up – in many ways, if you’ve grown up managing your personal brand on Instagram, you’re much better wired to think of yourself as an individual brand instead of a cog in an organisational machine,' says Arun Sundararajan, a business professor at New York University."

Excerpt from Law360 -- "Their statements seem to contradict two reports released this fall by a Georgetown University Law Center professor and by the New York University Pollack Center for Law & Business and Cornerstone Research that found that enforcement actions dropped in the most recent fiscal year and fell particularly sharply once the SEC went under the Trump administration’s control in late January of 2017..."

Excerpt from The Wall Street Journal -- "That shift has stoked subtle stereotypes about older workers’ performance and willingness to learn, which can have tangible effects on their careers, said Michael North, assistant professor of management and organizations at New York University’s Stern School of Business."

Excerpt from Hitachi Research Institute -- "So, companies should set public targets, incentives to employees tied to targets, reporting and assessment on those targets and training for employees in sustainability. They can also bring in partners, such as NGOs, other corporations, corporate associations, and government agencies that are working on the issues that are important to them so that their employees can get exposure to different ideas and assistance with implementation."

On February 28, the NYU Stern Center for Global Economy and Business will host a fireside chat with Ben Golub, Chief Risk Officer, BlackRock. 

Excerpt from Clear Admit -- "And at NYU Stern School of Business, technology placements have more than doubled over the past five years. They represented 16.8 percent of all hires last year—up from 10 percent the year before."

Excerpt from BizEd -- "On January 1, Rangarajan 'Raghu' Sundaram took up his new duties as dean of New York University’s Stern School of Business. Sundaram, who joined Stern’s faculty a little more than two decades ago, is the Edward I. Altman Professor of Credit and Debt Markets and professor of finance; he has been vice dean of MBA programs since 2016. He succeeds Peter Henry, who had held the deanship since January 2010."

Excerpt from the Stamford Advocate -- "'The good news for NBC Sports is they beat the competition handily. The bad news is overall ratings are down,' said Sam Craig, director of the entertainment, media and technology program in New York University’s business school. 'But those trends reflect a general decline in TV ratings.'"

Excerpt from CNBC -- "'I think of the four big players: Apple, Alphabet, Facebook and Amazon, Apple is the best value play,' [Damodaran] says. 'It is a cash machine. I never seen a company generate as much cash as Apple has over the last six or seven years.'"

Excerpt from the Harvard Business Review -- "In the 2016 book The End of Accounting, NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions. Recent research lets us make an even bolder claim: accounting earnings are practically irrelevant for digital companies. Our current financial accounting model cannot capture the principle value creator for digital companies: increasing return to scale on intangible investments."

NYU Stern Professor Michael Dickstein’s research paper, “Industry Input in Policymaking: Evidence from Medicare,” investigates how the composition of the American Medical Association’s Relative Value Scale Update Committee (RUC) influences the prices Medicare pays physicians.

Excerpt from The New York Times -- "'It’s where you go on vacation, what you do and what technology you have,' said Allen Adamson, one of the founders and managing partners of Metaforce, a brand marketing and consulting firm, and one of the authors of 'Shift Ahead: How The Best Companies Stay Relevant in a Fast Changing World.' Those experiences need to be 'Instagram-worthy,' too. The quirkier, flashier and more offbeat the experience, the better, he said."

Excerpt from the Economic Times -- "Ghose says the world needs to recognise the innovativeness of some of the Chinese tech companies and shake off the mental image of Chinese knockoffs. 'Chinese companies are setting global trends in various areas such as technology-enabled transportation, digital payments, mobile economy and artificial intelligence,' he says."

Excerpt from Crowdfund Insider -- "The New York Federal Reserve has published a staff report pertaining to 'The Role of Technology in Mortgage Lending'. Authored by Andreas Fuster, Matthew Plosser, Philipp Schnabl, and James Vickery, the research asserts that Fintech is improving the mortgage lending market by making it more efficient and faster."

Excerpt from NBC News -- "'The most valuable person in world of consumer business is an 18 year old. They have influence over what the rest of us believe is "cool" and have a lifetime of discretionary spending ahead of them,' Galloway told NBC News. 'Their recent galvanization against the issue has made the NRA very uncool and an easy target for firms wanting to say to the most important cohort "Hey, we get it, and are with you."'"

Excerpt from VentureBeat -- "AI is the next era of computing, and it’s important for the business world to understand just how to unlock its potential. In a recent Facebook Live event, I talked with Amy Webb, professor of strategic foresight at NYU Stern School of Business and founder of the Future Today Institute, about how AI is not a silver bullet and how real value comes from a tailored combination of tools designed to address a specific business problem."

Excerpt from Poets & Quants -- "If you are interested in entering the finance industry, this [Financial Services Industry] class is a MUST. It does not get into the nitty-gritty quantitative modeling, but rather focuses on the structure of the industry and all its different business models. From boutique hedge funds to the biggest banks, the professor teaches students how these firms operate and make money. But most importantly, you learn why they make certain decisions and how it affects the industry as a whole."

On February 23, 2018, the social enterprise student organizations of New York University’s Leonard N. Stern School of Business, School of Law, and Robert F. Wagner Graduate School of Public Service will host the 8th Annual NYU Social Innovation Symposium (SIS).