Experience Stern | News & Events

Excerpt from Poets & Quants for Undergrads -- "'Over the years, we started realizing that there was an increased interest, both from the students and from companies outside,' says Rohit Deo, acting dean. 'And the interest was in not just improving the bottom-line profit, but in looking at how it impacts society and the environment. We have this long tradition of teaching ethics, so this semester we decided to formalize it by launching this.'"

Excerpt from The Washington Post -- "Nouriel Roubini, an economist at New York University attending the forum, noted that Beijing has prevented many Western firms from investing in China for both political and economic reasons. He cited Facebook and Twitter as examples. Roubini was heartened by an announcement coinciding with Xi's speech that Beijing would ease restrictions on foreign banks, brokerages, and other industries seeking to do business in China. Roubini said that while the details were vague, the statement showed China is taking criticism seriously. 'It's clear that China is open and wants to be more open to trade in goods and services,' he said. 'It's going to be a process.'"

Excerpt from Scientific American -- "Although psychologists have known for a long time that people associate dark skin with negative personality traits, this research shows that the reverse is also true: when we hear about an evil act, we are more likely to believe it was done by someone with darker skin. This 'bad is black' effect may have its roots in our deep-seated human tendency to associate darkness with wickedness. Across time and cultures, we tend to portray villains as more likely to be active during nighttime and to don black clothing. Similarly, our heroes are often associated with daytime and lighter colors. These mental associations between color and morality may negatively bias us against people with darker skin tones. If this is true, it has far-reaching implications for our justice system. For example, eyewitnesses to crimes may be more likely to falsely identify suspects who possess darker skin."

Excerpt from Forbes -- "'They might be able to take Prime households from $1,300 per year to $10,000 by basically saying we’re going to fulfill everything you need,' said Galloway in a recent YouTube interview with L2 co-founder Maureen Mullen."

Excerpt from CNNMoney -- "'If the U.S. is going to give up on economic and trading relations with Asia and the Pacific, China has an alternative plan -- not just for the Pacific and Asia, but also for Latin America,' said economist Nouriel Roubini."

Excerpt from Nightly Business Report -- "I think the main thing is to try to encourage those people who have dropped out of the labor force to rejoin the labor force, and as the economy grows, that will continue to happen. I think that some of the tax policies that the Trump administration is looking to put through could also help growth increase. But I do not see a huge productivity boom that would lead to any kind of gain like 25 million. And one of the things that's working against us is that over the next 5 years, people of prime working age, between 25 and 54 years old, that number will actually go down. So it'll be very, very hard to hit a 25 million number over the next 4 to 8 years."

Excerpt from MetroMBA -- "Stern was the first school to include FinTech as an MBA specialization, launching the concentration in fall 2016​. ... As the FinTech industry continues to grow and evolve, expect NYU Stern’s specialization to change with it and help bring on the next generation of innovators."

Excerpt from Sourcing Journal -- "Fashion brands can combat consumer fatigue and turn it into excitement. To do that though, they need to better utilize creativity as a means to solving consumer-centered problems that are extracted from contemporary culture. For some brands, this needs to be addressed at the business level to bridge the gap between their operations and creative teams. For others, it needs to be executed properly and manifest itself in new form in front of the consumer. It can take the form of consumer-centered packaging/grouping, communicated in a context that stays as close to reality as possible, and activated via signs and codes that are authentic and flexible. If beauty can do this, so can fashion."

Excerpt from Svenska Dagbladet -- (translated from Swedish using Google Translate) "...Matt Statler and Perttu Salovaara at New York University, for example, recently discussed how future economics programs can be designed to not only provide theoretical knowledge and practical skills in things like marketing and accounting, but also give students the opportunity to develop their practical knowledge ('The Routledge Companion to reinventing management education', 2016, Chapter 15)."

Excerpt from the Financial Times -- "A couple of days ago, I also received a book called Irresistible: The rise of addictive technology and the business of keeping us hooked by Adam Alter and I’m looking forward to diving into that."

Excerpt from The New York Times -- "...despite the attention paid to the study on how much the first lady was worth to a brand — 'I have been publishing for 25 years,' said David Yermack, the author of the study and a professor of finance at the N.Y.U. Stern School of Business, 'and nothing has compared to the interest in this' — it wasn’t ultimately about revenue generation."

Excerpt from Knowledge@Wharton -- "A focus of my book is about these nine forces that are shaping the mobile economy. I start by talking about context, which is sort of the super-force, as in why your customer is here, what he or she wants, and how he or she is feeling. But there are also other factors like location and time, weather and crowdedness, as I mentioned. For a retailer that’s trying to … reach out to the consumer, what they need to do is essentially figure out this concept of 'in-the-moment marketing.' The better you know the consumer’s context, their 'why, what and how,” and the better you know some of the other forces, the better you can combine that data. The sum of the parts is greater than the whole."

Excerpt from Voice of America -- "'Housing was a great part of the recession,' said housing expert and New York University professor Lawrence White. 'Housing prices fell dramatically from their peak in 2006. Nationwide, the average value of a home dropped 30 to 35 percent. We certainly learned in the recession, investing in a house is not a sure-fire way to build wealth.'"

Excerpt from Medill Reports Chicago -- "There are a lot of unclear definitions in the Act, like who is required to register as a swap dealer, Subrahmanyam said. He said the main understanding was that it should be market makers, who both sell and buy swaps, but this definition, he contends, is too vague. Moreover, he said an 'end-user exception' in the Act is unclear, which is that people who use swaps to hedge rather than to speculate are exempted from the regulation."

Excerpt from Bloomberg -- "'I've always felt that Lyft's lower valuation gives them a lot more options than Uber; they can lose money for a longer period of time,' said Arun Sundararajan, a professor at New York University's business school. 'Lyft has held its own and grown dramatically in the face of the Uber onslaught. So I think raising another round is probably easier for Lyft than it was in the last round, whereas for Uber, it's likely harder.'"

Excerpt from USA Today -- "... Zarowin of NYU says non-GAAP will continue to be entrenched in companies' filings. 'If they want to dress up their earnings — unless the SEC starts fining people in a big way, which I don’t really see — the firms will find a way to push the limits,' he says."

Excerpt from Portland Press Herald -- “When CEOs or board members or senior executives step into the breach to express purely personal opinions, they become lightning rods for an array of competing and contrasting interest groups. Some brands court controversy. But L.L. Bean? I don’t think so.”

Excerpt from TIME -- "First, as Europeans began to sell off their American stocks and bonds, he shut down the New York Stock Exchange on July 31, 1914, for nearly four months. 'If he hadn’t done that there might have been much more panic selling,' says Richard E. Sylla, a financial historian and professor emeritus at NYU Stern School of Business. 'That’s what his major accomplishment was — avoiding the potential for a much worse financial panic in 1914. The dollar weakened a lot, but thanks to McAdoo’s policies, it strengthened a lot by November.'"

Excerpt from USA Today -- "'Her flaw was that she should have recognized a few years ago that she was throwing good money after bad, and if she'd done so she would have likely got twice what she's getting now for Yahoo assets,' Damodaran says. In fact, Yahoo's stock topped out at nearly $52 in the fall of 2014."

Excerpt from The New York Times -- "Mr. Horton concluded that when forced to pay more in wages, many employers were hiring more productive workers, so that the overall amount they spent on each job changed far less than the minimum-wage increase would have suggested. The more productive workers appeared to finish similar work more quickly."

Excerpt from Quartz -- "'Uber wants to essentially use its API so other app developers can build their apps on top of it,' Anindya Ghose, director of New York University’s Center for Business Analytics, told Quartz. 'I see it as Uber’s attempt to broaden and diversify its presence.'"

Excerpt from New York Magazine -- "Dunning, a social psychologist, is one of the lead authors of 'Unskilled and Unaware of It: How Difficulties In Recognizing One’s Incompetence Lead to Inflated Self-Assessments,' an article in the Journal of Personality and Social Psychology based on the results of a study he and a student, Justin Kruger, conducted at Cornell in 1999. As the title suggests, what they found was the existence of a cognitive bias in which the less able people are, the more likely they are to overestimate their abilities."

Excerpt from The Times -- "'Between what he talked about on the campaign trail and what’s likely to come to pass, I think that under 50 per cent will happen, and possibly less than 25 per cent,' Robert Salomon, of New York University’s Stern School of Business, said. 'We’re still in the realm of rhetoric being translated into policy.'"

Excerpt from The Wall Street Journal -- "New York finance professor Viral Acharya, appointed a deputy governor of the Reserve Bank of India in late December, has been a vocal critic of capital measures that exclude share price information."

NYU Stern School of Business announced that Professor of Finance Viral Acharya has been appointed Deputy Governor of the Reserve Bank of India (RBI) by the Central Government of India. Professor Acharya will officially begin his three-year term of service on January 20, 2017.