Experience Stern | News & Events

Excerpt from TIME -- "If you’re a sponsor, a spectator, or Vladimir Putin himself, you better brace yourself for the Sochi Olympic Games. Between the security risks, violence in neighboring Ukraine, protests from the international community and the staggering price tag, Sochi has earned its status as the most geopolitically interesting Olympics since 1980 (incidentally, the last time the Games were held in Russia)."

Excerpt from Business Insider -- "We already know that credit cards dull 'the pain of paying' compared to cash, according to a study from NYU’s Stern School of Business, so paying with someone else’s credit card is essentially pain free—and that’s why it’s so dangerous."

Excerpt from Bloomberg -- "[In] the enterprise space they've been much more successful and they have to continue to grow that and be successful there, but they're going to need something else on top of that, whether it's finding some way that they can translate the Office products relatively well into the mobile and tablet space, or something else entirely, they need something without a doubt."

Excerpt from Canadian Lawyer Magazine -- "A mercurial economy and the many ups and downs of the legal profession are changing the game but law firms, particularly Canadian ones, are not the most agile and responsive. But New York University Stern School of Business professor Luke Williams told an audience at Legal Tech today that this is the type of environment that forces disruptive innovation."

Excerpt from The Guardian -- "The key concept here, explored in depth by the psychologist Adam Alter, author of the book Drunk Tank Pink, is 'cognitive disfluency'. When information glides by too frictionlessly, we're liable to find it harder both to understand and to retain."

Excerpt from This View of Life -- "What are the odds that anyone will change Harris’s mind with a reasoned essay of under 1000 words? I’ll put my money on Hume and issue my own challenge, The Righteous Mind challenge: If anyone can convince Harris to renounce his views, I’ll pay Harris the $10,000 that it would cost him to do so."

Excerpt from Quartz -- "It turns out there is a kind of data that, like black holes or evil wizards of Middle Earth, only becomes more powerful the larger it grows. What’s more, suggest researchers Enric Junqué de Fortuny, David Martens and Foster Provost, even if you’re not gathering this kind of data at present, the new results suggest you may lose out to a competitor who is."

Excerpt from MarketWatch -- "Research conducted by Robert Engle III, a finance professor at New York University who received the Nobel Prize in economics in 2003 for his work on market volatility, found that periods of high volatility tend to be clustered together."

Excerpt from Financial Times -- "Professor Spence argues that we are in the midst of a 'century-long journey in the global economy. The end point is likely to be a world in which perhaps 75 per cent or more of the world’s people live in advanced countries.'”

Excerpt from Bloomberg -- "In the typically materialistic, bling-obsessed U.S., for example, economists like New York University's Arun Sundararajan see the makings of a new wave of productivity gains as consumers lend and borrow cars, bicycles, homes, electronics, designer clothes, baby toys, golf clubs, you name it. Now, there are signs the phenomenon is reaching Asia."

NYU Stern's Center for Global Economy and Business will host the Economic Outlook Forum on Monday, February 3, 2014.

Excerpt from The New York Times -- "Managers hiring people to work in teams might learn from the research, said Nathan Pettit, an assistant professor at the Stern School of Business at New York University who studies social status in the workplace. While the study doesn’t address the quality of work actually performed, he said it does suggest that hiring decisions should take into account that neurotics might be more valuable, and extroverts less so, than they initially seem in interviews. 'We may be populating organizations with more extroverts than we should be,' he said."

Dean Peter Henry posed economic policy questions to former Treasury Secretaries Robert Rubin and Lawrence Summers in an exclusive forum for MBA students in Stern’s Global Economy course.

Excerpt from Marketplace -- "...Blader says, even if fast-tracking isn’t officially acknowledged, it’s a common practice, and so are the problems it can cause – no matter what demographic the fast-tracked worker is from. Imagine, says Blader, that you’re a worker watching your colleague get promoted quickly. 'I feel demotivated,' he says. 'I feel that no matter how hard I try, I may not benefit from all those efforts, because [the organization is] prioritizing things besides my efforts, and skills, and abilities. And as a result, I'm going to become more complacent, because I’m going to kind of start to feel like, "What’s the point?"'"

Excerpt from Marketplace -- "'You start buying everything through Amazon,' says Scott Galloway, professor of marketing at NYU's Stern School of Business. Galloway says Amazon has purposefully sacrificed short term profits to get more customers and more pricing muscle. 'It's going to have tremendous pricing power and, at a certain point, it will be able to flex that muscle and become a very profitable company.'"

Excerpt from Bloomberg -- "Normally, you would think that an insider would not be the person to change the company. You would expect that it would be kind of business as usual. But I think that given the fact that the company has been so much about the Office system and Windows that bringing up somebody who's got very little allegiance to those parts of the system gives them a real opportunity to know the business, but to be a real agent for change."

Excerpt from Project Syndicate -- "This mini perfect storm in emerging markets was soon transmitted, via international investors’ risk aversion, to advanced economies’ stock markets. But the immediate trigger for these pressures should not be confused with their deeper causes: Many emerging markets are in real trouble."

Excerpt from Science Magazine -- "Digital access was positively associated with civil liberties and media freedom. Mobile penetration had a greater impact on civil liberties than Internet access. Dynamic analyses revealed that greater access to mobile technology had an increased effect on civil liberties when a neighboring country (or a trade partner) scored high in civil liberties, suggesting that the diffusion of civil liberties is enhanced by digital access."

Excerpt from The Los Angeles Times -- "As former IBM chief scientist and former Sloan Foundation President Ralph Gomory and former American Economics Assn. President William Baumol noted in their groundbreaking book, 'Global Trade and Conflicting National Interests,' free trade is not always a win-win proposition. It can be win-win under some circumstances, but it can also be a losing proposition under other circumstances. For the United States, the latter has too often been the case."

Excerpt from TopMBA -- “One of the key MBA skills I gained was learning not to just focus on getting the right answer, but to be aware of how to get there. There are always several ways to solve a problem, but in real life there are several constraints, so knowing which path to take is critical. I think it has made a huge difference in my approach to solving problems. Now, when I look at the problem, I don’t just jump in; instead I take a step back and focus on figuring out the best approach to solve the problem."

Excerpt from Library Journal -- "According to research shared in the article “Be Seen As a Leader” by Adam Galinsky and Gavin Kilduff, there is a simple exercise you can practice to improve your presence and increase your leaderly attributes. The techniques are equally available to all of us, because they are completely detached from our physical appearance. In this case, it really is all in your mind."

Excerpt from The Atlantic -- "There’s no evidence that this is some innate animal response to the color pink; it is much more likely to be driven by social associations. 'When burly men are exposed to the color pink, they’re primed to think of the concepts that we associate with pinkness,' says Adam Alter, a professor of marketing and psychology at New York University, and author of the book Drunk Tank Pink: And Other Unexpected Forces That Shape Our Thoughts, Feelings, and Behaviors."

Excerpt from The New York Times -- “Rental housing is often the forgotten element of a lot of rhetoric about housing. Even in the president’s speech last night, it was about the American dream, which is supposedly home ownership, but surely if we have learned anything over these past five, eight years, it’s that home ownership is not for everybody.”

Excerpt from CCTV -- "'Once you see China transition to an innovation economy, this rebalancing that the Chinese government has talked about for the last year or two, you’re going to see real large increases in Chinese investment in the US and Europe. Going forward it’s going to be about building brands, building factories, linking up with US firms and getting technology, that’s going to transform China and lead to much more investment,' Joseph Foudy, economics professor from NYU Stern, said."

Excerpt from Fox Business -- "Prof. Lawrence White, economic professor at NYU’s Stern Business School, says the president's call for more employers to offer 401(k)s would help increase retirement readiness, but both plans lacked details. 'It’s the "how' we still need; will they get tax breaks, government matches? There are lots of good intentions, but we need to see more details.'”