Experience Stern | News & Events

Excerpt from the Australian Financial Review -- "The few hours that remain are our discretionary time, when we might read a book, enjoy a hobby, call an old friend for a talk, play Monopoly with the family or get to the gym. According to Alter's research, our white space is increasingly consumed by computer screens and that's not making us happy."

Excerpt from Kiro Radio -- "What we're worried about is that other countries that may not have the same democratic traditions as Germany, may see this as a justification and cover to introduce similar laws of their own to crack down on political dissent and news that they disagree with."

Excerpt from CNBC -- "An S-curve like the one Musk has invoked compares what a company gets against the amount of effort or money spent to achieve it. Melissa Schilling, professor of management and organizations at NYU's Stern School of Business, said the curve starts low and slow because 'at first you don't know what the hell you're doing.' Companies experiment with designs, manufacturing methods, cope with failures and learn what works and what doesn't. 'You're pumping a lot of money in, and you're getting very little return,' Schilling said."

Excerpt from HR Digest -- "According to the Dunning-Kruger effect, smart people realize they’re not very good and try to do better. On the other hand, stupid people think they’re good at whatever it is, and don’t try to get better and they don’t get any better either."

Excerpt from Financial Times -- "The school’s admissions team, which has assessed about 50,000 essays over the past 15 years, likes innovation, according to Peter Henry, NYU Stern dean. They were looking for creativity and an ability to be succinct and accurate. What makes any application 'leap out from the pack' during the admissions process is that the writer can explain their career goals and how NYU Stern would help them achieve these, Prof Henry says."

Excerpt from Bloomberg View -- "Here is Aswath Damodaran on ‘The Crypto Currency Debate: Future of Money or Speculative Hype?’ … What I did not know is that there is a whole literature about analysts getting tired as the day goes on, and it is fascinating. Here for instance is 'Oh What a Beautiful Morning! Diurnal Influences on Executives and Analysts: Evidence from Conference Calls' by Jing Chen, Elizabeth Demers and Baruch Lev..."

Excerpt from CNBC -- "'The question that you would need to address, if you are paying $2,775 for a bitcoin on August 1, 2017, is whether you can (or even will be able to) buy $2,775 worth of goods and services with that bitcoin,' Damodaran said. He said bitcoin's high price can be justified if the digital currency becomes widely accepted as payment, especially since by design only 21 million bitcoins can ever exist. High demand for a limited supply of coins will naturally send prices higher."

Excerpt from Clear Admit -- "While the difference in the number of incoming students is minimal, the demographics that make up those students, however, differ from last year’s figures. The percentage of incoming students who are female jumped modestly from 35 percent to 38 percent. The percentage of admitted international students also slightly increased, moving up from 35 percent to 37 percent for the Class of 2019, representing 35 countries overall."

Excerpt from CNBC -- "We've had decreases in some crucial prices. That helps. But [low inflation] is a mystery. Labor costs are remaining low even though labor markets are in pretty good shape. 4.4% unemployment, that's back where we were in 2007. We've been below 5% unemployment now for over a year, and yet, labor costs are not going up, which would be an underlying cause for higher inflation. The Fed doesn't really understand it. Most academics don't understand why labor costs, why wages, aren't going up more rapidly."

Excerpt from The Wall Street Journal -- "Applicants can share materials like drafts of a personal statement or a copy of their résumé, but ultimately a letter of recommendation 'should be the words of the recommender,' said Isser Gallogly, associate dean of M.B.A. admissions at Stern. In addition to the two recommendations Stern requires, it now has applicants ask a friend or colleague to write a 250-word statement highlighting traits like empathy and self-awareness. Mr. Gallogly said a friend’s endorsement gives admissions officers insight they might not get from professors or managers."

Excerpt from The New York Times -- "'While the digital disruption is destroying the traditional retail business model,' Dr. Sundararajan said, 'the Amazon model that replaces it will continue to live in the physical world and require human labor for the foreseeable future.'"

This course teaches participants to harness the full potential of big data to make more informed decisions at all levels of their organizations. Participants will learn modern decision models and tools in prescriptive analytics. Through application of these tools, they will examine data, recommend a range of actions and evaluate each action’s impact on targeted performance metrics.

Excerpt from The Source -- “Governments can help protect water sources by charging corporate users the real cost of water and use the proceeds to protect the water source; provide communities with funds to protect the forests in their watersheds; and build green infrastructure to reduce stormwater runoff into waterways. Charging for water at realistic rates will likely encourage businesses to install water conservation technologies (in order to reduce their fees), especially if government also provides subsidies for those technologies."

Excerpt from Inc. -- "Ari Ginsberg, a professor of entrepreneurship at New York University's Stern School of Management, characterizes the new proposals as encouraging. In particular, he cites a section of the outline devoted to small and medium-sized enterprises, which calls for the establishment of a special committee 'to ensure that the needs of SMEs are considered' in the broader agreement. 'The signals are much more positive than before for small businesses,' Ginsberg says."

Excerpt from DNAinfo -- "They modeled what happens to Manhattan’s market with an influx of such investors, finding negative consequences for the welfare of the city when they leave their properties vacant. It forces locals farther out, resulting in longer commutes, which costs time and money, Van Nieuwerburgh said. 'When buying desirable properties in Manhattan, they’re pushing someone else out,' he added."

Excerpt from WalletHub -- "A card can also be cool because of the issuer/branding. There is a new Marvel credit card. There is a Disney Visa card. There is a Mercedes Benz credit card through American Express.; the list is pretty endless. The key thing about cool is that it depends on the individual's social circle. Airline cards used to be cool, but now they have proliferated."

Excerpt from The Globe and Mail -- "'I'm asking consumers to not hold back on data but share it. When consumers do that, however, companies must act responsibly,' Mr. Ghose says."

Excerpt from The CPA Journal -- "'There’s a very high correlation between a strong ESG performance and strong operational performance, strong stock performance and lower cost of capital,' Whelan claimed, citing a study by the University of Oxford and Arabesque. Examining that phenomenon at the Center for Sustainable Business, she has found that sustainability can drive innovation, risk reduction, operational efficiency, and employee recruitment and engagement. She noted that while much of this is financially intangible, its effects can be felt on the company’s bottom line."

Excerpt from WIRED -- "Relying on governments to create and enforce regulations online affords them the opportunity to define these terms as they see fit. Placing the power in the hands of governments also increases the likelihood that authoritarian regimes that lack Germany's liberal democratic tradition will criminalize online content critical of those governments and, ultimately, create another mechanism for oppressing their own citizens."

Excerpt from Forbes -- "The overall take-away from the Google Zoo study is that Virtual Reality has the potential to relay much more powerful advertising and journalistic messages than traditional storytelling’s text, still images, and traditional video."

On July 31-August 2, the NYU Stern School of Business co-hosted the Second Annual Conference on Creative Industries with Columbia Business School and the Yale School of Management. 

Excerpt from Travel + Leisure -- "'Consumers do not just focus on individual experiences. Instead, they categorize and manage experiences... For positive experiences, consumers are reluctant to eliminate categories, while the opposite is true for negative experiences because eliminating categories makes it feel like more of the experience has passed,' write authors Anuj K. Shah (University of Chicago Booth School of Business) and Adam L. Alter (New York University)."

Excerpt from CNBC -- "Amazon, right now, I would argue, is the most dominant company in the world and maybe the most dominant company, at this point, that we've ever seen. If you look at the Venn overlap of who they're competing against -- Apple, Facebook, Microsoft -- they're winning wherever they're competing against any of the big tech titans. So this company feels like it has more momentum than any other company I register."

Excerpt from CNBC -- "Maria Patterson, an assistant clinical professor at NYU's Stern School of Business, considers a political approach an important part of growing a business. 'It's absolutely critical for businesses to make a considered decision of what are our values,' she said. 'Once you determine what your values are in business, then you make decisions of what kind of engagements you'll make in the political arena.'"

Excerpt from The Island -- "Stephanie Tully, assistant professor of marketing at University of South Carolina Marshall, and Tom Meyvis, marketing professor at the New York University Stern School of Business, conducted two experiments. They found that participants who thought about a future experience predicted they would think about and talk about their experience more often than other participants reported actually having done for a past experience."