Experience Stern | News & Events

Excerpt from PCMag -- "Let's say you're wondering whether a quest is more engaging if you're trying to save someone versus trying to find an artifact. So you run an A/B test releasing version A to five million people and version B to five million people. You measure different metrics, like how many people return to the mission more than once and how long they spend. If you discover version A works better, you go with the red code and put aside the yellow. And you keep doing that until you have the tenth, twentieth, or thirtieth generation of a game."

Excerpt from Forbes -- "When consumers write reviews directly from their phones, they tend to be more emotional, as well as more negative. Part of this is because mobile reviews are more likely to be written during or soon after the experience, when consumers are still feeling strongly about it – for example, an angry consumer will write more harshly about a bad restaurant experience from their cell phone right after the meal ends, than they will later from their desktop, once they’ve had some time to calm down."

Excerpt from CNBC -- "Building environments where creativity can be nurtured is key to sparking your child's imagination, Schilling notes. 'That means instead of scheduling the heck out of your kids, you want to make sure they have downtime — and make sure it's not in front of a screen,' she says. 'That way, they can create their own cognitive paths of association in their minds that are unconstrained by what other people think.'"

Excerpt from Entrepreneur -- "Traditional power used to be largely restricted to companies with extensive funding or scale. Now it’s possible to harness the same power collectively through a distributed network of consumers, says Arun Sundararajan, professor of business at New York University and author of The Sharing Economy."
 

On April 27, NYU Stern’s Volatility Institute will host its 10th annual conference entitled, “A Financial Approach to Climate Risk”. 

Excerpt from MarketWatch -- "These workers may have struggled through the Great Recession and now want to be less dependent on a corporation, and finally have the means to go into business independently, said Ari Ginsberg, a professor of entrepreneurship and management at New York University’s Stern School of Business."

Excerpt from Forbes -- "For the most part, people understand they are giving up their privacy in exchange for access to a social network. But most of us don’t realize the number of different ways in which our information gets used, traded, and combined once we give it up."

Excerpt from Knowledge@Wharton -- "Online grocery typically attracts the most profitable customers: dual-income households, customers who prioritize convenience over price, and customers with high lifetime value. These are the kinds of customers e-commerce retailers should care about."

Excerpt from Luxury Daily -- "We often see elaborate displays of the most important patrons of the brand in association with a specific product that they particularly cherished. This helps create social and historical context for the content of the brand's collections, but most importantly, it humanizes the brand in the eyes of the viewer. The narrative shifts from placing emphasis on product to the impact that this branded product has had in someone's life and the emotional bond between that person and the brand."

Excerpt from Fox Business -- "What China has done is it's starting to attack the United States where it hurts. This is the first shot across the bow. They are attacking agricultural products and we ship a lot of agricultural products to China. We announced last month that we, the Trump administration said it would put tariffs on about 60 billion dollars of Chinese goods, this is China's response."

Excerpt from Shine -- "New York University Shanghai and New York University's Stern School of Business jointly launched two new one-year master of science programs in data analytics and business computing, and quantitative finance. The programs aim to prepare new and recent college graduates for their careers in the rapidly evolving marketplaces of analytics and finance in China and Asia."

On April 25, NYU Stern’s Center for Real Estate Finance Research and the Infrastructure Finance Initiative will co-host a joint conference entitled, “The Infrastructure & Real Estate Nexus: Three Case Studies.”

Excerpt from CNBC -- "In a report marking the fifth anniversary of the disaster, international firms and government organizations were warned that they must take 'shared responsibility' to improve the lives of those working in supply chains. 'Those who benefit from the Bangladeshi garment industry's low-cost, high-volume model, also have an obligation to do more,' said Michael Posner, professor of ethics and finance at New York University's Stern School of Business."

Excerpt CNBC -- "Thanks to Zuckerberg's missteps, Google has managed to stay on the sidelines of the regulation conversation. But Galloway said Google is equally as 'scary' as Facebook from a privacy perspective. 'Google got very lucky. We'll see if it lasts, because they have just as much data, they are just as scary, their platforms are weaponized, too,' Galloway said."

Excerpt from The New York Times -- "'We have found tremendous improvement in the larger factories' involved in the safety programs, Paul Barrett, deputy director of the center, said in an email. 'But two other categories — factories overseen by the government and subcontracting facilities not overseen by anyone — remain at risk.'"

NYU Shanghai and the NYU Stern School of Business are partnering to deliver two new one-year Master of Science programs to prepare new and recent college graduates for successful careers in the rapidly evolving marketplaces of analytics and finance in China and Asia.

Excerpt from Reuters -- "...the mission of making factories safe in Bangladesh isn’t even close to done. The Accord and Alliance will not continue indefinitely. The Alliance plans to wrap up its work by the end of 2018. The Accord will renew its mandate every six months, but only through mid-2021. At some point, the factories that the two initiatives have overseen will return to the supervision of the Bangladeshi government, which is notorious for having ignored death traps like Rana Plaza and Tazreen Fashions, where a November 2012 fire killed 112."

Excerpt from i24 -- "I think that is what Trump actually wants, he doesn't want the collective agreements but he wants the individual agreements so he wants individual agreements for the United States and the rest of the world and various countries are also trying to make individual agreements with each other. In this game of individual agreements, the large players are more likely to win and the large players are the United States, China, and some countries in the European Union."

Excerpt from Pensions & Investments -- "Accounting professors Baruch Lev and Feng Gu observed in 'The End of Accounting' (John Wiley & Sons, 2016) that over the past 40 years, the investment rate in physical capital fell by 35% while the investment rate in intangible assets grew by almost 60%."

Excerpt from Poets & Quants -- "In his quest to use operations management, machine learning, and marketing to leverage data and make effective business decisions, NYU Stern’s Srikanth Jagabathula has received four “best paper” awards, a career award from the National Science Foundation, and he serves as associate editor for Management Science, the top scholarly journal for his field."

Excerpt from PBS NewsHour -- "We’re proposing a Bangladeshi-led international task force that would use a concept known as shared responsibility to raise funds and see that they are spent properly on safety improvements in those factories that have not been reached so far."

Excerpt from the Thomson Reuters Foundation -- "'Western consumers are the beneficiaries of the cheap clothes produced in Bangladesh. Therefore, it is incumbent on western brands and retailers, as well as western governments, to step up to the plate,' Posner said."

Excerpt from Nikkei -- (Translated from Japanese using Google Translate) "[It was former GE chairman and CEO Jack] Welch’s strong influence which made GE able to keep various businesses with a low level of relatedness to each other (and which made investors overlook the inefficiencies caused by such a structure)."

Excerpt from The New York Times -- "Research has shown that we humans are generally pretty awful at assessing our own competence and abilities, which in turn leads us to overestimate them — a phenomenon called the Dunning-Kruger Effect."

When choosing which charities to donate to, individuals will prioritize personal preferences, even when presented with more effective donation alternatives, according to new joint research from Professor Alixandra Barasch.