Experience Stern | News & Events

Excerpt from Rolling Stone -- "Thomas Philippon and Ariell Reshef have found that 30 to 50 percent of the wage difference between the financial sector and the rest of the private sector was due to unearned 'rent,' or money they gained through manipulating markets."

Excerpt from Project Syndicate -- "Indeed, though domestic investment is constrained by credit availability, major European and Latin American multinationals have begun investing in the Spanish economy, attracted partly by its enhanced competitive posture and structural flexibility, and, on a slightly longer time horizon, by a recovery in domestic demand. Private equity is flowing in as well, not only because the valuations are attractive, but also because potential growth in Spain now seems within reach."

Excerpt from Bloomberg -- "The company’s approximately 15,000 New York hosts are probably a 'drop in the ocean' compared with how many residents might consider using the service to help pay rent if not for regulatory or other concerns, [Sundararajan] said."

Excerpt from WIRED -- “'The extent to which ­people are connected to each other is lower than what humans need,' NYU professor Arun Sundararajan says. 'Part of the appeal of the sharing economy is helping to bridge that gap.'”

Excerpt from CNET -- "NYU Stern School of Business professor Tulin Erdem, meanwhile, on Friday also testified that she conducted her own studies, using eye tracking, to determine what devices consumers would buy. She concluded that Apple's patented features didn't boost desire for Samsung's products."

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Edward Glaeser, Fred and Eleanor Glimp Professor of Economics at Harvard University, spoke with Paul Romer, Director of the Urbanization Project, Interim Director of NYU's Marron Institute on Cities and the Urban Environment and Professor of Economics, in a public presentation on April 22.

Excerpt from Globo.com -- "Being brief becomes more and more necessary as our attention is being pulled in a million different ways. If you're briefer, you probably have more opportunities to convey the message much more quickly. The audience has less time and, probably, you have less time delivering it."

Excerpt from Men's Health UK -- “'We’re seeing a fundamental shift in our consumption from ownership to shared access,' says Prof Arun Sundararajan of New York University. That’s a boon in two ways: if you’re an owner, you can make money from something lying around the house (not the children); and you can use something you seldom need without buying it outright. 'If you don’t have to own stuff to use it, that expands your choices,' says Sundararajan."

Excerpt from The New York Times -- "A study released on Monday by New York University’s Stern School of Business showed how hard [it is to improve garment working conditions]. It said that a major problem with the accord and the alliance was that while they will inspect 2,000 of Bangladesh’s more than 5,000 apparel factories, the more than 3,000 others generally have worse conditions — and middlemen often secretly send them orders from Western brands."

Excerpt from NPR -- "I spoke to Katherine Milkman at the Wharton School at the University of Pennsylvania. She conducted the study with Modupe Akinola and Dolly Chugh. And Milkman told me she was especially struck by the experience of Asian students."

Anita Raghavan, author of The Billionaire’s Apprentice and contributor to The New York Times and Forbes, delivered the Ninth Annual Haitkin Lecture at NYU Stern this spring. 

Excerpt from Estadao -- (translated from Portuguese using Google translate) "[The NYU Stern Center for Business and Human Rights] is the first of its kind in the U.S., where there is a great discussion on the relationship between business, government and the public. Here, [Brazilian think tank] FGV is doing this program with the faculties of Law and Administration, in order to do research and to work with Brazilian companies."

Excerpt from Bloomberg -- "Here's the argument against the whole thing. The wearables market is already evolved, it's already got a great player and it's [the iPhone]."

Excerpt from Business News Daily -- "'While people may be drawn to brands that fit their identity, they are also more likely to desire a sense of ownership and freedom in how they express that identity,' wrote Amit Bhattacharjee, Jonah Berger and Geeta Menon, co-authors of the study. 'Identity marketing that explicitly links a person's identity with a brand purchase may actually undermine that sense of freedom and backfire.'"

Excerpt from Associated Press -- “'If the company is donating to the NRA it’s perfectly reasonable for the shareholders to ask for a report on political donations,' Yermack said. 'If it’s his private money that’s not really a proper topic — what people do with their own money on their own time.'”

Excerpt from TheStreet.com -- "'Although there might be conflicts of interest, there are also opportunities for alliances. It's a grey area, because it is not completely clear whether Google and Twitter are competitors,' [Yermack] added."

Excerpt from Forbes -- "While the most innovative firms communicate to employees in different ways that risk taking and individuality are highly desired, it doesn’t mean all product development risks are OK. The most successful firms also have checks and balances to avoid completely uncalculated reckless risks, and they embrace and learn as much as possible from failures."

Excerpt from The Wall Street Journal -- "First, much of politics is less about what you are for than who you are against, as Jonathan Haidt, a New York University psychology professor, noted in his popular 2012 book 'The Righteous Mind.'"

Excerpt from The Wall Street Journal -- "'You don't get to pick your partners in the world,' said Michael Posner, who was an assistant secretary of State when Hillary Clinton ran the State Department. 'The Russians had their hands in a range of things that mattered to us. So the reset was an honest recognition that there are some things we needed to work with them on.'"

Excerpt from The Economist -- "'Digital Access, Political Networks and the Diffusion of Democracy', by Lauren Rhuea and Arun Sundararajan, New York University."

Excerpt from The Economist -- "A new NBER paper by Harold Cole at the University of Pennsylvania and Thomas Cooley of the Stern School of Business also challenges the notion that it would be better to get the investors who are buying bonds to pay for ratings. They might choose not to release the ratings they pay for, it points out. Patchy information, in turn, could increase the likelihood that the market would misprice securities."

Excerpt from Barron's -- "Low risk can make a high P/E a good deal. If there were such a thing as a risk-free stock, it would be worth more than 40 times earnings, says Aswath Damodaran, who teaches equity valuation at NYU's Stern School of Business."

Excerpt from The New York Times -- "Technology won’t eliminate our need for suitable gifts and tokens of commitment, of course. And such things will still need to be both intrinsically pleasing and genuinely scarce. But technology will change where those qualities reside."

Excerpt from San Francisco Chronicle -- "Arun Sundararajan, a New York University business professor who studies the sharing economy, said he thinks riders won't bristle as much when they face the new fee. 'I'm sure some users will react unfavorably, but we're used to variability and changes in prices from Uber, and I don't think it will have a big long-term effect,' he said."

Excerpt from CNET -- "[Erdem] testified she conducted her own studies, using eye tracking, to determine what devices consumers would buy. Erdem didn't include Apple's patented features because she said it wouldn't be realistic based on what's typical for device comparison sites. And she concluded that things such as the secondary camera didn't boost desire for the products. 'As a group, the minor things didn't drive demand,' she said. 'It was the major things that drive demand.'"