Experience Stern | News & Events

Excerpt from The New York Times -- "Adam Alter, a social psychologist and the author of 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' documents instances of internet addiction spanning the globe."

Excerpt from the Financial Times -- "'There are definitely ways in which we can see when something looks suspect,' says Isser Gallogly, Stern’s associate dean of MBA admissions and programme innovation. 'Every individual has their own writing style so if we spot similarities, that is cause for concern.'"

Excerpt from Barron's -- "A recent paper co-authored by Martin Gruber, an emeritus professor of finance at New York University, found that target-date fund managers often picked funds that helped their firm’s own objectives at the expense of potentially lower returns. Sometimes that meant picking their own higher-cost fund over a cheaper alternative, or picking a younger, smaller fund from their own stable over one with a longer record—both of which led to underperformance. 'For most people who don’t want to get too involved, target-date funds make sense, but they can’t just say it’s a good investment. They have to shop around,' Gruber told Barron’s."

Excerpt from Inc. -- "In Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World (February), New York University professor Melissa A. Schilling sets out to identify what makes such people both capable of and driven to repeated feats of spectacular creativity. Her subjects range across three centuries: from Benjamin Franklin and Marie Curie to Elon Musk and Steve Jobs."

Excerpt from WalletHub -- "One approach is to contact your preferred bank/card company or visit their website and ask for a new card or a limit increase. However, companies typically send new credit card offers to individuals with good credit scores. This means that a card company may be unwilling to extend credit, or may end up offering worse terms to individuals who actively ask for it, precisely because they were not sent an offer -- they are perceived as worse credit risks."

Excerpt from WIRED -- "NYU professor Scott Galloway, author of The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, thinks that tech CEOs should preemptively break their companies apart to stave off further public backlash and to 'guard against ham-handed regulation that might be imposed.'"

Excerpt from The New York Post -- "'The first year of the Trump administration, coupled with the end years of the Obama administration, will go down on record as one of the greatest periods of job growth in recent decades,' Joseph Foudy, a business professor at New York University, told The Post."

Excerpt from Global Finance -- "Yakov Amihud, Ira Rennert Professor of Entrepreneurial Finance at New York University’s Stern School of Business, agrees: 'Cash offers were historically associated with better outcomes for bidders. One could suspect that a large component of stock in the offer, or all-stock offer, may reflect the bidder’s view that its stock is overvalued and its management thus uses it as currency to pay for the deal.'"

New research from NYU Stern Professor Alixandra Barasch finds that taking photos with the intention to share them on social media diminishes people’s enjoyment of their experiences by increasing anxiety or self-presentational concern. 

Excerpt from the San Francisco Review of Books -- "Allen Adamson and Joel Steckel provide an abundance of information, insights, and counsel that can help to prepare leaders to master the art and science of shifting ahead. However, the value of the material obviously depends almost entirely on how well a reader absorbs and digests it, then applies what is most relevant (there’s that word again) to the given circumstances. Shift Ahead is a brilliant achievement."

Excerpt from TopMBA -- "'The entrepreneurship process has been demystified. Never before has there been such broad and easy access to the critical resources needed to start a venture—whether technology, capital—both cash and human, support networks, know-how, etc.,' says Franklin. . ... 'the founding team [of LGBTQueue, co-founded by Allie Esslinger (MBA '18)] is excited to have the benefit of having come together under a different umbrella, use those metrics to guide our first decisions about product and branding, and work together more collaboratively to build something from the ground up.'"

Excerpt from Quartz -- "'Uber is entitled to its opinions but not to the facts,' Aswath Damodaran, a professor at NYU’s Stern School of Business and longtime Uber skeptic, said in an email, when asked whether the company would be right to say it’s still valued at $68 billion. 'I don’t think Uber could make this claim with a straight face.'"
 

Excerpt from Bloomberg -- "Business is doing pretty well. Profits are high as a share of GDP. This is a pretty strong period in the economy. Growth is above the level that we can sustain over the long run. Unemployment is down to the lowest level we have seen in more than a decade. We may hit the lowest we have seen since the 1960's during 2018 so this is a strong period for the economy."

Excerpt from ThinkAdvisor -- "Vasant Dhar, a professor of information systems at New York University, also sees that some back- and middle-office operations are being automated. 'It’s hard to say whether AI is being used to do this or whether it’s just plain old technology, but at the end of the day it is increased automation,' Dhar said."

Excerpt from InformationWeek -- "Vasant Dhar, a professor at New York University's' Stern School of Business, stated that AI can be put to work wherever data exists. 'It could be for customer service, marketing, planning, gathering new customers or assets,' he explained."

Excerpt from India West -- "Sundaram’s scholarly interests include agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives. He has published extensively in these areas as well as in mathematical economics, decision theory, and game theory, with articles appearing in such journals as Econometrica, Journal of Economic Theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, according to a press statement released by NYU."

Excerpt from CBC News -- "For AI expert Robert Seamans, of New York University, the story that shaped 2017 was 'the evidence that Russia hacked the 2016 [U.S.] presidential elections.'"

Excerpt from The Globe and Mail -- "'Put bluntly, investors are more aware than ever before that they are often paying active money managers to lose money for them and that they now have the option to do something about this disservice,' says Aswath Damodaran, a professor of finance at New York University."

Excerpt from GQ -- "Russell Winer, a professor of marketing at NYU, frames the situation with the idea of 'brand hijacking': 'When a brand, through no active marketing of their own, happens to be picked up by a particular group,' he explains. The concept helps describe how a brand like New Balance, which quickly came out after neo-Nazi site The Daily Stormer claimed the shoes for white people to denounce 'bigotry and hate,' can lose a handle on its carefully curated image."

Excerpt from The New Yorker -- "'In part, it’s the distinction between browsing and searching,' Adam Alter, an associate professor of marketing at N.Y.U., said. 'You can’t browse online very well. There isn’t room for serendipity online.' There’s no thrill of the hunt when you can bring up something instantly on Amazon, but out in the world, as we browse the shelves at a bookstore or a record shop, we get a randomized reward similar to a gambling win when we find something that we suddenly have to buy, Alter said."

Excerpt from Forbes -- "'On college campuses, given how quickly these things are rising in value, there is an incredible curiosity about them,' Yermack says. 'There is the allure of the "get rich quick." This is capturing the imagination of university students.'"

Excerpt from NPR -- "So this was an anticipated ruling from the EU in deciding whether Uber was a digital platform or a transportation service. They came down on the side that Uber is a transportation service just like a traditional taxi service or a black car service. What this means is that all Uber drivers will have to be professional drivers. In all likelihood Uber's relationship with its drivers will have to change from contractors to them being full time employees and so it dramatically changes Uber's cost structure if it wants to operate in different European cities."

Excerpt from Quartz -- "'I will keep an eye out on startups that focus on various applications of AI, for example, in healthcare, banking, and education sectors,' Ghose said. 'I will also look out for startups that can use data from wearable devices to advance the treatment of chronic diseases, startups that use facial recognition for basic security, those that use deep learning for image processing, startups focusing on the internet of things, cloud technologies and the intersection of telecom players and ad-tech.'"

Excerpt from Bloomberg -- "It certainly will be good for corporate America, I am not sure how much of that will feed through to the broader economy. The theory has always been that if you allow the corporates to bring that stash, that cash that is stashed overseas, back to the United States, that they will invest in capital investment, they will boost economic growth, they will pass that off in increased wages to their employees. But what we have observed in the past is that when companies do bring that cash back from overseas, they generally tend to use it to pay dividends to their shareholders or to engage in share buybacks."

Excerpt from Poets & Quants -- "In naming an insider to succeed Henry, NYU is going with a highly talented and well-liked professor who has been behind some of the more innovative changes at Stern in recent years. He is also yet another example of a highly successful Indian-born scholar who has moved up the ranks to head one of the world’s best business schools, following in the footsteps of Nitin Nohria at Harvard Business School, Sumatra Dutta at Cornell’s SC Johnson College of Business, and Sri Zaheer of the University of Minnesota’s Carlson School of Management."