Experience Stern | News & Events

Excerpt from The New York Times -- "'I do think we are defining a new category of work that isn’t full-time employment but is not running your own business either,' said Arun Sundararajan, a professor at New York University’s business school who has studied the rise of the so-called on-demand economy, and who is mainly optimistic about its prospects. ... 'We may end up with a future in which a fraction of the work force would do a portfolio of things to generate an income — you could be an Uber driver, an Instacart shopper, an Airbnb host and a Taskrabbit,' Dr. Sundararajan said."

Excerpt from The New York Times -- "In their 2014 paper, Talhelm and his co-authors hypothesize 'that liberals think more analytically because liberal culture is more individualistic, with looser social bonds, more emphasis on self-expression, and a priority on individual identities over group identities.' Conservatives, in this analysis, are more dedicated to their communities and to the idea of community than liberals."
 

Excerpt from Vox -- "Using barcode level price data from 2,400 US zip codes on a variety of products sold in grocery and drug stores, we estimate that when local house prices double, product prices will increase by 15 to 20 percent. That is, households living in locations with rapidly increasing real estate prices will also face rapidly increasing costs of goods purchased in local stores."

Excerpt from CNN -- "First of all, it's unrealistic to write off the [Greek] debt because if Greece receives an extra dollar, this dollar will have to be paid by the taxpayers of the other countries and I don't see any European leader who's going to impose on his taxpayers a gift that he is going to give to Greece. I also don't think that this is the main problem of Greece. Although the present government was elected saying that, the real problem of Greece is being able to deal with the conditions that have been imposed through austerity and not so much on the issue of debt... The most important thing is for Greece to grow and I'm afraid that the present government has, in general, an anti-business attitude which will not attract growth and will not reduce unemployment."

Excerpt from The Boston Globe -- "'There are some breakthroughs in technology that are going to endure whether bitcoin survives or not,' said David Yermack, a professor of finance at New York University’s Stern School of Business."

Excerpt from The Wall Street Journal -- "Researchers said they worked with Ashley Madison, a dating website for people seeking extramarital affairs, to analyze data on more than 8 million men who had registered with the site. The study was one of six published together in the journal 'Proceedings of the National Academy of Sciences' in 2014 that examined when people make big life changes. It found 950,000 men were ages 29, 39, 49 or 59, or '9-enders,' and their numbers on the dating site were 18% higher than what would be expected by chance, according to the researchers from New York University’s Stern School of Business and the Anderson School of Management at the University of California, Los Angeles."

Excerpt from Bloomberg View -- "'Analytic cognition function appears to decline dramatically over the life-cycle, starting at age 20,' economists Sumit Agarwal, John C. Driscoll, Xavier Gabaix, and David Laibson wrote in a 2009 paper on financial decision-making. On the other hand, they found, experience is valuable. Studying customer behavior in across several different credit markets, they found people making the best decisions at about age 53. After that, things start to go downhill."

Excerpt from Fox Business -- "Sling TV, it's an opportunity to fill a void, so they're the first in, but it's low-hanging fruit. I mean, we've been waiting for this void to be filled forever. So somebody was going to do it. I think the thing that I'm missing here is they're still using an old concept from cable. They're still using a bundling concept... I think investors... should be looking for where the real innovation comes from when another provider, perhaps also Sling TV, starts to unbundle these things."

Excerpt from Business Standard -- "'Such a marketing gimmick is a kind of price obfuscation strategy. It is a baiting tactic to lure price-sensitive customers to their store in the hope of converting them. But such practices are counterproductive in the long run for retailers. They will never be able to establish a loyal customer base using such opaque pricing tactics,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business."

Excerpt from Financial Times -- "Eli Daquioag, an MBA student at New York University’s Stern School of Business, advises keeping in mind the accessibility of people, companies and industries when you decide which school to apply to. For example, studying in New York has enabled him to visit big media companies such as NBCUniversal and Viacom, which have their headquarters in the city. By building these relationships in his first semester, he was able to secure an internship with cable channel USA Network."

Excerpt from CBC Radio -- "I don't think most people actually think how their work is being done. People just look at the output...whether it was an algorithm that did that, whether it was a human... I don't think that most people care."

Excerpt from OZY -- "We bet you haven’t asked yourself what Chile and Barbados did to rebound. That’s what Henry did, and he found that some small countries that committed to fiscal discipline were able to recover better than even big ones, who should have had better resources and bigger brain trusts."

Excerpt from Kathimerini -- "The Europeans have worked for years to minimize the economic impact of a Grexit on them. Currently European politicians agree that the impact of a Grexit in Europe would be negligible. Only Greece would destroyed by a Grexit, not Europe."

Excerpt from Inc. -- "Anindya Ghose, an IT and marketing professor New York University's Stern School of Business, has spent much of the past few years studying mobile marketing, interactive retail beacons, and consumer privacy around the world. He says in Asia, where I reached him over telephone, beacons are increasingly popular in retail environments, and customers universally seem willing to give up a little bit of their data in exchange for the right rewards--say coupons or discounts. The primary hurdle to retailers using in-store mobile marketing is consumer awareness. But, Ghose says, 'given that a lot of consumers have the Shazam app, it is a brilliant play.'"

Excerpt from The New York Times -- "But time is running out before the effects of climate change become irreversible, the panelists said. 'We have to go very quickly,' said Michael Spence, professor of economics at the New York University Stern School of Business. 'We have a window of a very small number of years after which we cannot win the battle to mitigate fast enough to meet the safety goals.'"

Excerpt from Marketplace -- "Google wants BrandLab to help it diversify, and Galloway thinks it just might work. 'Advertising, even in a digital age, is largely relationship-driven,' he says, adding that BrandLab will help companies create better videos and stories, which might draw more eyes to YouTube. Galloway also thinks the more comfortable a company like Lancôme is with Google’s products, the more likely it might be to spend money on them down the road."

Excerpt from TIME -- "Ten years ago, the death of a Saudi king would have sent shock waves through Washington. Today, as the Kingdom recovers from the death of King Abdullah yesterday, Saudis don’t carry the same clout. In part, that’s because the U.S. is much less dependent on Middle Eastern oil than it was a few years ago, as U.S. companies have reinvented the way oil and natural gas is produced. Hydraulic fracturing has opened access to liquid energy deposits locked inside once-impenetrable rock formations, and breakthroughs in horizontal drilling methods have made the technology more profitable."

Excerpt from The Washington Post -- "'Looking forward, these [earnings] may go down in the short run even further as Uber tries to generate the numbers that it needs leading up to its IPO,' said NYU Stern School of Business professor Arun Sundararajan, referring to the broad expectation that Uber will become a public company in the coming years. 'But I think that over time what will happen is that wages are going to go up.'"

Excerpt from CNBC -- "As we approach Sunday's Greek election, the extreme left party Syriza is leading in the polls, causing many in Europe and the United States to fear the worst when it comes to Greece's future economic stability and its status in the European Union. While everyone should be closely watching Greece's actions, it is unlikely that even a Syriza victory will spark widespread sovereign bank contagion or a Greek exit from the EU, recently referred to as a 'Grexit.'"

Professor Irshad Manji, founder of the Moral Courage Project and a faculty member at NYU Wagner, shared leadership lessons with executives in the TRIUM Global Executive MBA program and TRIUM alumni on Thursday, January 22.

Excerpt from Fortune -- "Latin America, Mexico, and Colombia offer opportunities that Brazil and Chile, let alone Argentina and Venezuela, cannot. Europe is in for a rough ride this year as political consensus on further reform of the eurozone erodes and external threats from various jihadi groups and Vladimir Putin’s Russia add pressure on beleaguered political leaders. Poland offers a rare bright spot."

Excerpt from Marketplace -- "Anindya Ghose, a professor of IT and marketing at New York University’s business school, says that 'more than 53 percent of search is coming from smartphones, and a big, big part of the smartphone market is owned by Apple.' Ghose also has consulted for Apple and collaborated with Google and Microsoft."

Excerpt from Science 2.0 -- "The change in the law created an opportunity for Graham and his colleague Deepak Hegde, an assistant professor of management and organizations at NYU's Stern School of Business, to examine which inventors were choosing to opt into the secrecy loophole, and whether their patents differed in important ways. They examined 1.8 million granted patents filed at the USPTO from 1995 to 2005 and analyzed the disclosure preferences of the inventors. Their analysis found that, among those not seeking foreign protection, about 85 percent of inventors filing a patent since 2000 chose to disclose information about their patents prior to their approval."

Excerpt from The Huffington Post -- "A study on marriage structure, gender and work, Sreedhari D. Desai, Dolly Chugh and Arthur Brief, concluded: Employed husbands in traditional marriages, compared to those in modern marriages, tend to (a) view the presence of women in the workplace unfavorably, (b) perceive that organizations with higher numbers of female employees are operating less smoothly, (c) find organizations with female leaders as relatively unattractive, and (d) deny, more frequently, qualified female employees opportunities for promotion."

Excerpt from TIME -- "From the outside, Davos doesn’t change much. Political and business leaders from around the world have again descended on this beautiful Swiss ski town for the annual meeting of the World Economic Forum. On the inside, however, each meeting has its own preoccupations and agenda items. Here are five numbers that underscore what’s new — and what remains the same."