Experience Stern | News & Events

NYU Stern, UNA-USA and Business Council for the UN convened a solutions-focused lunch focusing on the implementation of SDG 17, “Partnerships for the Goals” on Thursday, September 27, 2018.

This program provides the foundation for managers to think strategically about creating and capturing value within their organization.

This program provides the foundation for managers to think strategically about creating and capturing value within their organization. 

Excerpt from The Christian Science Monitor -- "'In cities like New York and Boston, given the high cost of residential housing, there is little or no evidence that you can actually take a unit off the longer term market, run it as an Airbnb, and make money,' says Arun Sundararajan, a professor of business at New York University and author of 'The Sharing Economy,' a book that explores how on-demand platforms will change society."
 

Excerpt from The New York Times -- "It was the 'worst business decision of 2018,' said Scott Galloway, a founder of the business research firm Gartner L2 and a professor of marketing at New York University Stern School of Business. 'It feels like the tide has turned substantially,' Mr. Galloway said. 'They’ve sort of poked the bear.'"

Excerpt from Quartz -- "We assume that the way money works now—fiat currency controlled by central banks—is a law of nature. It isn’t. It is a particular set of man-made, transient institutional arrangements. The former governor of the Bank of England Mervyn King says in his recent book The End of Alchemy that central banks’ 'extinction cannot be ruled out altogether.'"

Excerpt from Bloomberg -- (:10) "China is struggling with the American tariffs, they're trying to find a way through this. The United States, I think by general agreement, has the capacity to hurt them in the short run..."

On September 25, the NYU Stern Center for Sustainable Business and SustainAbility co-hosted a panel discussion entitled, "Innovating Investments for Climate Resilience."

On September 25, NYU Stern's "In Conversation with Lord Mervyn King" series hosted Nobel Laureate Paul Krugman, op-ed columnist at The New York Times and distinguished professor of economics at The Graduate Center, CUNY.

Excerpt from the Philanthropy Journal -- "The studies show that people will still choose more personally gratifying charities to donate to over more effective ones. The researchers found that this pattern was only disrupted in two situations: if the donor occupied some role of responsibility, such as being responsible for allocating official funds, or if the donor was choosing between charities that supported the same cause."

Excerpt from ABC News -- "Research by Uber's chief economist, Jonathan Hall, and John Horton of New York University found that when Uber raised its fares, drivers initially earned more money. But there were offsetting effects: The higher rates attracted more drivers while reducing the number of trips consumers made. Overall earnings for drivers soon fell back to their previous levels."
 

Excerpt from CNNMoney -- "Erdem said that when companies change their names, they lose valuable brand recognition. 'There's so much awareness around the name,' said Erdem. 'I think a company would do that only if really, really the brand is so tarnished, you want to be forgotten.'"

Excerpt from HuffPost -- "We give our phones immense power when we allow them to nudge us with updates throughout the day,' Professor Adam Alter from New York University, who has done research in this area, tells me. 'We’d never give the same power to another person - imagine telling someone that you’re happy for them to tap you on the shoulder every few minutes. Our phones are just as intrusive, and we give them that power.'"
 

Excerpt from New York Magazine -- "Haidt and Lukianoff note how humans are constructed genetically for this kind of tribal warfare, to divide the world instinctively into in-groups and out-groups almost from infancy. For homo sapiens, it is natural to see the world, as Rabbi Jonathan Sacks put it, as radically 'divided into the unimpeachably good and the irredeemably bad.'”

Excerpt from Institutional Investor -- "Although higher risk can sometimes lead to higher returns, the additional risks taken by sports car drivers “ultimately hurt their investors,” authors Stephen Brown, Yan Lu, Sugata Ray, and Melvyn Teo, who are all finance professors, wrote in the paper. They found that sports car owners delivered lower Sharpe ratios and alphas, and traded 'more frequently, actively, and unconventionally.'"

Excerpt from The Wall Street Journal -- "Maher Said, a New York University Stern School of Business professor who focuses on auctions, said the first step in an auction like this is figuring out how much the asset is really worth to you, and then what you think it’s worth to your rival. Next is gaming out a range of possible bids from your rival. 'The concern is you don’t want to raise the price so high and end up holding the bag,' he said."

Excerpt from Bloomberg -- "'That is not what the investment bankers signed on to be; they wanted to be "masters of the universe" and make big bucks,' said Roy Smith, emeritus professor of management practice at New York University’s Stern School of Business. 'They didn’t sign on to be low-risk public utilities.'"

Excerpt from MarketWatch -- "'It would be good for the government to take a unified approach to regulating crypto assets, but given the byzantine structure of our financial regulation, I would not expect miracles,' said Yermack."

Excerpt from CNBC -- "'I see China as five years ahead of the U.S. when it comes to the extent to which digitalization is integrated into this economy,' Arun Sundararajan, professor at New York University's Stern School of Business, said during the same panel discussion Thursday."

Excerpt from Refinery29 -- "'When you're playing a slot machine, the machine will tell you when you've won with ringing bells and flashing lights,' Adam Alter, a social psychologist at New York University, said in the documentary. 'And a lot of the apps we use now have elements of that built in, even when they aren't really about games.'"

Excerpt from BusinessBecause -- "Where a lot of people get caught up day to day, going from task to task, an MBA helps you view business and society on more of a global, long-term scale. You are encouraged to think about where various industries and sectors will be in the future, what are the trends that we can see emerging, and to see society and business from a birds-eye view."

Excerpt from Vox -- (2:17) "People who work at museums are very concerned. It changes the nature of what artwork is most attractive to consumers. In order to compete with the trendy colorful exhibits that are popping up, you have to add some of those components to the more traditional exhibits."

Excerpt from The New York Times -- "'But distance is the thing that shows up everywhere,' said Johannes Stroebel, a professor at N.Y.U.’s Stern School of Business and a co-author of the research, along with Michael Bailey at Facebook, Rachel Cao at Harvard, Theresa Kuchler at N.Y.U. and Arlene Wong at Princeton. 'Distance matters,' Mr. Stroebel said, 'in explaining every single county’s connectedness.'"

Excerpt from Bloomberg -- "King’s recipe to prevent a re-run: ensure lenders have enough collateral in place at the central bank to justify it acting as lender of last resort, restoring liquidity to the financial system. 'It is vital to sort out the conditions under which those loans will be made in advance, to make sure that banks do have enough collateral or security to justify those loans, and that it’s big enough to let the central bank lend enough money to prevent a bank run and collapse of the system,' said King, who was succeeded by Mark Carney in 2013 and has now returned to academia."

Excerpt from TechRepublic -- "Developers of the future will need to learn more skills, particularly in data analysis, said Kristen Sosulski, clinical associate professor of information, operations, and management sciences in the Leonard N. Stern School of Business at New York University, and author of Data Visualization Made Simple. 'Everything from statistical data analysis, to non-linear and linear data analysis, to machine learning and even artificial intelligence,' Sosulski said. 'It's really not just learning how to code, it's also learning how to analyze data and sell different models.'"