School News
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A Stern Signature Project focusing on urbanization in Ethiopia is featured; MBA-MFA student Ria Tobaccowala, MBA student Sarada Anne and Research Scholars Shlomo Angel and Patrick Lamson-Hall are quoted
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Excerpt from the Financial Times -- "Participation in the projects 'widens students’ perspective of humanity', says Shlomo 'Solly' Angel, a professor at NYU’s Marron Institute of Urban Planning. 'Projects like this have nothing to do with making money,' he says. 'They have to do with students getting acquainted with people who are so different from them in terms of culture, income and outlook.'"
School News
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Excerpt from the Financial Times -- "Participation in the projects 'widens students’ perspective of humanity', says Shlomo 'Solly' Angel, a professor at NYU’s Marron Institute of Urban Planning. 'Projects like this have nothing to do with making money,' he says. 'They have to do with students getting acquainted with people who are so different from them in terms of culture, income and outlook.'"
Faculty News
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Professor Arun Sundararajan comments on the growth of the sharing economy
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Excerpt from Motherboard -- "The way Eriksson has been living her life for the past year is a glimpse of how a growing number of us will be living in the future, according to Arun Sundararajan, New York University business professor and author of The Sharing Economy. ... 'We’re transitioning into an alternative of corporations and mass production,' Sundararajan says."
Faculty News
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Excerpt from Motherboard -- "The way Eriksson has been living her life for the past year is a glimpse of how a growing number of us will be living in the future, according to Arun Sundararajan, New York University business professor and author of The Sharing Economy. ... 'We’re transitioning into an alternative of corporations and mass production,' Sundararajan says."
Faculty News
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Professor Arun Sundararajan's book, "The Sharing Economy," is reviewed
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Excerpt from The Chronicle of Higher Education -- "No economy ever achieves an absolute separation of commerce and cooperation. Market traders have always needed some basis on which to trust one another, be that recommendation, regulation, or repeat interaction. In his new book, The Sharing Economy, Arun Sundararajan, a professor in New York University’s Stern School of Business, argues that the border between market exchange and social reciprocity is becoming more porous than ever."
Faculty News
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Excerpt from The Chronicle of Higher Education -- "No economy ever achieves an absolute separation of commerce and cooperation. Market traders have always needed some basis on which to trust one another, be that recommendation, regulation, or repeat interaction. In his new book, The Sharing Economy, Arun Sundararajan, a professor in New York University’s Stern School of Business, argues that the border between market exchange and social reciprocity is becoming more porous than ever."
Faculty News
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Professor Jonathan Haidt's work on the conflict between globalism and nationalism is referenced
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Excerpt from The New York Times -- "Jonathan Haidt, a social psychologist at New York University, calls it the clash between globalists and nationalists. The globalists, who tend to be urban and college educated, want a world like the one described in John Lennon’s song 'Imagine' — no religion, walls or borders dividing people. The nationalists see that as a vision of hell. They want to defend their culture and emphasize the bonds of nationhood — flag, Constitution, patriotism. They also want to limit immigration, an instinct that globalists are often quick to condemn as racist."
Faculty News
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Excerpt from The New York Times -- "Jonathan Haidt, a social psychologist at New York University, calls it the clash between globalists and nationalists. The globalists, who tend to be urban and college educated, want a world like the one described in John Lennon’s song 'Imagine' — no religion, walls or borders dividing people. The nationalists see that as a vision of hell. They want to defend their culture and emphasize the bonds of nationhood — flag, Constitution, patriotism. They also want to limit immigration, an instinct that globalists are often quick to condemn as racist."
Faculty News
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Professor Thomas Cooley is interviewed about the proposed border adjustment tax plan
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Excerpt from USA Today -- "Thomas Cooley, an economics professor at New York University and former dean of the university's Leonard N. Stern School of Business, agreed, saying that a stronger dollar could cushion the fallout for retailers and other importers. Still, if the proposal goes into effect, 'there will be winners and losers,' he said, with companies that have U.S.-based factories faring far better than their counterparts that don't. 'In that sense,' Cooley said, the proposed tax change 'encourages domestic investment ... in the U.S.'"
Faculty News
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Excerpt from USA Today -- "Thomas Cooley, an economics professor at New York University and former dean of the university's Leonard N. Stern School of Business, agreed, saying that a stronger dollar could cushion the fallout for retailers and other importers. Still, if the proposal goes into effect, 'there will be winners and losers,' he said, with companies that have U.S.-based factories faring far better than their counterparts that don't. 'In that sense,' Cooley said, the proposed tax change 'encourages domestic investment ... in the U.S.'"
Faculty News
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Professor Jonathan Haidt's work on morality is highlighted
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Excerpt from Bloomberg View -- "As social psychologist Jonathan Haidt has argued for years, doing things in groups is really hard, and the larger the group, the harder it gets. Moral values like group loyalty -- an instinctive group loyalty, not some dry intellectual thing carefully reasoned from first principles and self-interest -- make it possible for us to do this very difficult thing."
Faculty News
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Excerpt from Bloomberg View -- "As social psychologist Jonathan Haidt has argued for years, doing things in groups is really hard, and the larger the group, the harder it gets. Moral values like group loyalty -- an instinctive group loyalty, not some dry intellectual thing carefully reasoned from first principles and self-interest -- make it possible for us to do this very difficult thing."
School News
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The work of Stern International Volunteers (SIV) in Ghana is spotlighted
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Excerpt from Citi 97.3 FM -- "The five-year project by the NYU Stern School of Business (SIV Ghana) and Adanu, is to among other things to improve education, potable water, health care and small scale businesses in the area. Waodze-Tsatoe community is one of the numerous communities deprived of basic social amenities in the Afadzato South District."
School News
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Excerpt from Citi 97.3 FM -- "The five-year project by the NYU Stern School of Business (SIV Ghana) and Adanu, is to among other things to improve education, potable water, health care and small scale businesses in the area. Waodze-Tsatoe community is one of the numerous communities deprived of basic social amenities in the Afadzato South District."
Faculty News
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Professor Belen Villalonga shares insights on the profitability of family-run companies
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Excerpt from Fortune -- "Belen Villalonga of New York University has found that controlled companies have higher-than-average profitability."
Faculty News
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Excerpt from Fortune -- "Belen Villalonga of New York University has found that controlled companies have higher-than-average profitability."
Faculty News
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Professor Adam Alter's forthcoming book, "Irresistible," is included on a list of creative leadership books
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Excerpt from Forbes -- "The new book from a professor of psychology and marketing at NYU Stern and the author of Drunk Tank Pink, the bestselling study of how environmental factors shape how we think and behave. Here, Alter tracks the rise of behavioral addiction – to social media, TV binge-watching, work and more – and explores how we can both set better boundaries and learn to use addictive products for good."
Faculty News
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Excerpt from Forbes -- "The new book from a professor of psychology and marketing at NYU Stern and the author of Drunk Tank Pink, the bestselling study of how environmental factors shape how we think and behave. Here, Alter tracks the rise of behavioral addiction – to social media, TV binge-watching, work and more – and explores how we can both set better boundaries and learn to use addictive products for good."
Faculty News
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Professor Paul Wachtel discusses Alan Greenspan's work
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Excerpt from the Foundation for Economic Education -- "Paul Wachtel, an NYU economics professor who was on Greenspan's dissertation committee, defends Greenspan’s work, claiming, 'the chapter written by Greenspan in 1959 on investment risk and stock prices anticipated by 10 years the Q ratio developed in 1969 by the late James Tobin,' who would become a Nobel laureate."
Faculty News
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Excerpt from the Foundation for Economic Education -- "Paul Wachtel, an NYU economics professor who was on Greenspan's dissertation committee, defends Greenspan’s work, claiming, 'the chapter written by Greenspan in 1959 on investment risk and stock prices anticipated by 10 years the Q ratio developed in 1969 by the late James Tobin,' who would become a Nobel laureate."
Faculty News
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Professors Arun Sundararajan and Michael Posner's comments at World Economic Forum meetings in Dubai and Davos, respectively, are featured
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Excerpt from Quartz -- "'There’s a growing concern about the gap between what’s true on the internet and what’s not, and how the internet and these social networks and platforms are affecting both political and social interactions,' said Posner, a former member of the Obama administration and professor at New York University’s Stern School of Business. Donald Trump’s upset in the US presidential election was viewed as the first 'earth-shaking impact of this kind of bias,' Arun Sundararajan, a professor at NYU Stern who attended the meeting, told Quartz."
Faculty News
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Excerpt from Quartz -- "'There’s a growing concern about the gap between what’s true on the internet and what’s not, and how the internet and these social networks and platforms are affecting both political and social interactions,' said Posner, a former member of the Obama administration and professor at New York University’s Stern School of Business. Donald Trump’s upset in the US presidential election was viewed as the first 'earth-shaking impact of this kind of bias,' Arun Sundararajan, a professor at NYU Stern who attended the meeting, told Quartz."
Faculty News
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Professor Aswath Damodaran's research on growth in financial markets is featured
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Excerpt from The Wall Street Journal -- "In November, investors were expecting to earn 6.3 percentage points more by owning risky stocks instead of safe bonds, according to Aswath Damodaran, a finance professor at New York University. By Wednesday that premium had shrunk to 5.7 percentage points."
Faculty News
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Excerpt from The Wall Street Journal -- "In November, investors were expecting to earn 6.3 percentage points more by owning risky stocks instead of safe bonds, according to Aswath Damodaran, a finance professor at New York University. By Wednesday that premium had shrunk to 5.7 percentage points."
Faculty News
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Professor Robert Whitelaw is interviewed about how artificial intelligence may impact venture capital investments in China
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Excerpt from China Radio International -- "What we've seen with artificial intelligence is to some extent, there were many decades where there was a lot promised and very little delivered. But I think now that in some sense, technology, computer systems, the programming has caught up with that potential. People are starting to see that artificial intelligence can, in fact, have big implications for how we do many things."
Faculty News
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Excerpt from China Radio International -- "What we've seen with artificial intelligence is to some extent, there were many decades where there was a lot promised and very little delivered. But I think now that in some sense, technology, computer systems, the programming has caught up with that potential. People are starting to see that artificial intelligence can, in fact, have big implications for how we do many things."
Faculty News
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Professor Thomaï Serdari shares her views on Calvin Klein's offering of bespoke services to all customers
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Excerpt from Luxury Daily -- "'Opening up its bespoke services to everyday clients will help Calvin Klein elevate the customer’s perception of the brand and also intrigue them with the possibility of something both unique and special (as all bespoke items are) as well as representative of the iconic American style the brand ushered in the past with its collections,' [Serdari] said."
Faculty News
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Excerpt from Luxury Daily -- "'Opening up its bespoke services to everyday clients will help Calvin Klein elevate the customer’s perception of the brand and also intrigue them with the possibility of something both unique and special (as all bespoke items are) as well as representative of the iconic American style the brand ushered in the past with its collections,' [Serdari] said."
Faculty News
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Professor Justin Kruger's joint research on self-perception is featured
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Excerpt from Forbes -- "Coined in 1999 by then-Cornell psychologists David Dunning and Justin Kruger, the eponymous Dunning-Kruger Effect is a cognitive bias whereby people who are incompetent at something are unable to recognize their own incompetence. And not only do they fail to recognize their incompetence, they’re also likely to feel confident that they actually are competent."
Faculty News
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Excerpt from Forbes -- "Coined in 1999 by then-Cornell psychologists David Dunning and Justin Kruger, the eponymous Dunning-Kruger Effect is a cognitive bias whereby people who are incompetent at something are unable to recognize their own incompetence. And not only do they fail to recognize their incompetence, they’re also likely to feel confident that they actually are competent."
Faculty News
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Professor Luke Williams's remarks on innovation at Oracle CloudWorld are featured
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Excerpt from Forbes -- "'If you’re vested in growth, you have to be vested in innovation,' noted Luke Williams, a professor of innovation at the NYU Stern School of Business, who spoke Tuesday at Oracle CloudWorld. The challenge for companies is that existing organizations are 'systems of continuity' that tend to resist real change unless they’re under an almost existential threat."
Faculty News
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Excerpt from Forbes -- "'If you’re vested in growth, you have to be vested in innovation,' noted Luke Williams, a professor of innovation at the NYU Stern School of Business, who spoke Tuesday at Oracle CloudWorld. The challenge for companies is that existing organizations are 'systems of continuity' that tend to resist real change unless they’re under an almost existential threat."
Faculty News
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Professor Jamyn Edis is interviewed about artificial intelligence
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Excerpt from The Karen Hunter Show -- "When you search on Google for something, sneakers, let's say, and you click on the images tab, it will bring up a whole bunch of sneakers. Someone in the past had to tag that image with it. Now, computers are tagging it automatically."
Faculty News
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Excerpt from The Karen Hunter Show -- "When you search on Google for something, sneakers, let's say, and you click on the images tab, it will bring up a whole bunch of sneakers. Someone in the past had to tag that image with it. Now, computers are tagging it automatically."
Faculty News
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Professor Kim Schoenholtz discusses the potential impact of President Trump's trade policies
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Excerpt from FAZ -- "'...winners and losers will lobby for their respective positions,' conclude the economists Stephen Cecchetti and Kermit Schoenholtz, who are renowned in international economic relations."
Faculty News
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Excerpt from FAZ -- "'...winners and losers will lobby for their respective positions,' conclude the economists Stephen Cecchetti and Kermit Schoenholtz, who are renowned in international economic relations."
Press Releases
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NYU Stern Faculty Publish “The Infrastructure Finance Challenge” eBook
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A faculty team from the NYU Stern School of Business has recently published an eBook, The Infrastructure Finance Challenge, an analysis of the drivers, challenges and actionable choices for the future of infrastructure finance.
Press Releases
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A faculty team from the NYU Stern School of Business has recently published an eBook, The Infrastructure Finance Challenge, an analysis of the drivers, challenges and actionable choices for the future of infrastructure finance.
Faculty News
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Professor Thomas Philippon's research on the financial services industry is referenced
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Excerpt from Reuters -- "Philippon argues that if savers are to benefit from the next wave of innovation, such as blockchain banking, it will be because regulation stops existing banks from co-opting it and keeping all of the benefits of efficiencies to themselves."
Faculty News
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Excerpt from Reuters -- "Philippon argues that if savers are to benefit from the next wave of innovation, such as blockchain banking, it will be because regulation stops existing banks from co-opting it and keeping all of the benefits of efficiencies to themselves."
School News
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Summer@Stern, a pre-college program for high school students, is featured; Rohit Deo, Vice Dean, Undergraduate Academic Affairs and Strategic Planning is quoted
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Excerpt from Poets & Quants -- "'After taking Summer@Stern, students have a better idea of what it would be like to study business in college and whether it is something they want to pursue,' [Deo] says. 'Whether they choose to pursue business studies or not, they gain valuable knowledge of the fundamentals of business and personal finance, which can be applied to so many different disciplines, as well as daily life.'"
School News
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Excerpt from Poets & Quants -- "'After taking Summer@Stern, students have a better idea of what it would be like to study business in college and whether it is something they want to pursue,' [Deo] says. 'Whether they choose to pursue business studies or not, they gain valuable knowledge of the fundamentals of business and personal finance, which can be applied to so many different disciplines, as well as daily life.'"
School News
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Five ventures co-founded by Stern MBAs are named to the Poets & Quants "Top MBA Startups of 2017" list
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Except from Poets & Quants -- "Linio — founded by a team of MBAs from New York University’s Stern School of Business, MIT’s Sloan School of Management, and HBS — claimed second with $230.5 million, up from seventh last year."
School News
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Except from Poets & Quants -- "Linio — founded by a team of MBAs from New York University’s Stern School of Business, MIT’s Sloan School of Management, and HBS — claimed second with $230.5 million, up from seventh last year."
Faculty News
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Professor Scott Galloway shares his views on the New York City retail landscape
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Excerpt from Crain's New York -- “Luxury brands will hold their own—you still can’t buy Hermès on Amazon. There will be some artisanal guys that will manage to hang on because they’re so exceptional. You’ll see Starbucks, Chipotle, more Warby Parker stores. And everyone else will get crushed.”
Faculty News
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Excerpt from Crain's New York -- “Luxury brands will hold their own—you still can’t buy Hermès on Amazon. There will be some artisanal guys that will manage to hang on because they’re so exceptional. You’ll see Starbucks, Chipotle, more Warby Parker stores. And everyone else will get crushed.”
Faculty News
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Professor Lawrence White identifies several industries set for growth under the Trump administration
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Excerpt from OZY -- "'We’re going to see more development of natural energy resources,' says White. He is less bullish on the prospects for the coal industry that Trump has promised to revive, citing market pressures that already make coal a less attractive alternative to fracked oil and gas, regardless of regulation."
Faculty News
Professor Lawrence White identifies several industries set for growth under the Trump administration
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Excerpt from OZY -- "'We’re going to see more development of natural energy resources,' says White. He is less bullish on the prospects for the coal industry that Trump has promised to revive, citing market pressures that already make coal a less attractive alternative to fracked oil and gas, regardless of regulation."