Experience Stern | News & Events

Excerpt from Forbes -- "A city’s form matters because as urban planner and researcher Alain Bertaud points out, rail '…is incompatible with low densities and urban spatial structures that are dominantly polycentric.'"

Excerpt from Recode -- "I think Facebook is a force for bad in the world. I think there's only one good thing Facebook has done and that's allow people who have existing offline relationships to rekindle those relationships if they've lost touch with people. But I think, in every other context, Facebook has done much more bad than good. It is a time suck, it fuels political division, it's designed to sell things to people that they don't need, it violates our privacy and then weaponizes the information that it gathers to keep us glued to the screen. It fuels a very unhealthy reliance on other people for social approval. It's a portal to bullying and ostracism.. the list goes on."

Excerpt from Adweek -- "'Those are not brands that are interested in managing a prestigious image,' said Tom Meyvis, professor of marketing at the Stern School of Business at New York University. 'Those brands also do not want to be associated with an immoral media company if people do indeed see it as such.'"

Excerpt from Investors Chronicle -- "In a paper they produced in June 2018 they say that the EU’s competition regulators 'are more independent than their American counterparts and they enforce pro-competition policies more strongly than any individual country ever did.'"

Excerpt from i24 TV --"Greece would have been a huge disaster... if it left the European Union. And Italy is going to be also very problematic for Italy if it leaves. I'm afraid that the same is true even for a strong nation, like Britain. But the most fundamental problem is that people voted to leave the European Union without having a specific plan in front of them of what this would mean. And, therefore, everybody had in his mind or her mind, his own version or her own version of Brexit, rather than what is feasible."

Excerpt from Bloomberg -- "'It’s part of them subscribing to a vision that in a few years there will be one or two apps through which we access all of our transportation modes,' said Arun Sundararajan, a professor at New York University’s business school. That could mean, for example, using one app to coordinate taking a bike to the train and then a car to the office, instead of just taking a car."

Excerpt from Marketplace -- "There's a demographic of people who tend to — even if they don't own this — they know about it. It's a good conversation piece. It's well understood that shops that accept bitcoin are really trying to segment the market and get a more affluent tech savvy crowd just to come in and shop but they really don't want to spend bitcoin, they just want those people to enter the premises.”

Excerpt from TechRepublic -- "'The power of a master's or another degree in business analytics is you're setting pathways for yourself to be a leader in that field,' Sosulski said. 'That's very powerful for someone returning to school looking to make a clear change.'"

Excerpt from How to Make Everything -- (17:15) "When people capture an experience for themselves—when they're taking photos, for example, for their own personal memories—this can actually be very rewarding. So, contrary to a lot of people's lay beliefs that photos are destroying society or ruining our experiences, we've actually found that taking photos draws you into an experience... and this shift in attention can actually increase enjoyment in certain types of experiences. But, that being said, there's obviously a trade off, because while you might be focused more on the visual details of your experience... that comes with a cost, because you have limited attentional resources... you can't focus on everything at once."

Excerpt from Recode -- "'A lot of local governments are likely to be watching how the New York minimum wage experiment plays out,' said Arun Sundararajan, a professor of business at NYU who studies the gig economy. Sundararajan also cautioned that the 'devil is in the details' with rolling out these kinds of regulations."

Excerpt from CNBCTV18 -- "'If we have a recession, then there would be tremendous impact on defaults and the size of companies that default would be more than we thought because of the incredible build up in global debt in last nine years,' Altman said."

Excerpt from Marginal Revolution -- "She had no idea whether any of this data work would pay off, but it did pay off, with a now-famous paper in the AER. This is a good lesson for students... Greatness requires ingenuity and perseverance and Petra Moser exemplifies both of these characteristics."

Excerpt from The Hill -- "This is a deep-rooted and complex financial predicament with potentially calamitous economic, social and political ramifications. For all stakeholders, the cure may be worse than the malady in that all potential solutions will involve some degree of prolonged financial sacrifice and suffering, especially for those least prepared."

The NYU Stern Center for Global Economy and Business will host the Economic Outlook Forum on February 6, 2019.

Excerpt from Bloomberg Law -- "'Any of these frauds or scandals end up damaging the trust in the audit role whether it’s KPMG or their competitors,' Shehata said. 'There ends up being this lingering blemish on the integrity of the audit, the feasibility of the audit—does it really work, is it possible to conduct an independent audit?'"

Excerpt from Quartz India -- "'The new regulations are semi-protectionist and will directly benefit local players such as (India’s richest person) Mukesh Ambani’s Reliance Retail. Who all have been pulling the strings within the government to make this happen is anybody’s guess,' Anindya Ghose, the Heinz Riehl professor of business at New York University (NYU), told Quartz."

Excerpt from ZDNet -- "The report describes a process for utilizing remote workers and AI in concert to identify analogies. The possible upshot is a machine learning toolkit that could accelerate innovation and lift us past what some describe as an innovation plateau."

Excerpt from the Epoch Times -- (translated from German using Google Translate) "Charlie Eaton, Sabrina Howell and Constantine Yannelis state: After the takeover by private equity investors, the profits of the college triples on average. Suppliers achieve this by increasing tuition, taking in more students, and reducing staffing. That this does not do the quality is obvious."

Excerpt from Chicago Booth Review -- "Yale’s Stefano Giglio, Harvard’s Matteo Maggiori, and New York University’s Johannes Stroebel studied discount rates independently of climate change—by studying the housing markets in the United Kingdom and Singapore, where homes can be purchased outright or leased for contracts lasting 50 to 999 years—and conclude that over very long time periods (a century or more), the rates are extremely low, lower than implied by most economic theory."

Excerpt from Vox -- "There are empirical studies pointing to a causal connection to heavy social media use, and there are studies indicating no connection. I predict that a consensus will emerge by the end of 2019, and that it will be that heavy use of social media damages many young teenage girls, reducing their odds of success in life."

Excerpt from WWD -- "While research has not yet determined how technology affects your brain, Soren cited such studies as one by 'Irresistible' author Adam Alter that deduced 40 to 50 percent of young people would rather have a bone in their hand broken than have their phone broken."

Excerpt from Financial Times -- "In Finance v Wal-Mart: Why are Financial Services so Expensive?, Mr. Philippon crunches the numbers on costs for consumers. The results aren’t pretty, with increased intermediation just one of the smoking guns. According to Mr. Philippon: 'The cost of intermediation per dollar of assets created has increased over the past 130 years.'"

AI, crowdsourcing can identify insights that lead to breakthroughs.

Excerpt from Financial Times -- "Of course, tail risk isn’t just about bad things. There is also a slim chance of huge returns on some stocks. But we know that investors pay too much for this. New York University’s Robert Whitelaw has shown that US investors pay too much for lottery-type stocks."

Excerpt from InTheBlack-- "With a subscription model, you can accurately track who the customers are. You can see who the repeat customers are and what they like to purchase. This is an incredibly important management tool, Lev argues. 'If you look at the number of repeat customers, this is the best indicator of customer satisfaction. If repeat business is decreasing over several quarters, you know you’ve got a problem.'"