Faculty News

Prof. Arun Sundararajan delivers a plenary talk about the "sharing economy" at Techonomy 2012

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Excerpt from Techonomy -- "... you may not be connected to the peer economy, but because it is disrupting industries that are heavily regulated, it is something that you should pay attention to. Because the case law that will be the precedent for future answers to the question, 'is a digital intermediary liable for actions that are taken on its platform,' is probably going to happen in the next decade with these peer economy platforms."
Student Club Events

Inaugural Entertainment, Media and Technology Summit 2012

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NYU Stern's Entertainment, Media, and Technology Association, Office of Career Development, and the EMT Alumni Committee are hosting a summit that will give the opportunity to learn about the latest trends and current events that are shaping the Entertainment, Media and Technology industries. Invitees will gain perspective from alumni and executives working at Microsoft, NBC Universal, Bloomberg, The Economist, Cablevision, IBM, Walt Disney, Yahoo!, and many other companies.
Faculty News

An op-ed by Prof. Roy Smith on challenges facing Wall Street in the wake of Obama's re-election

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Excerpt from Financial News -- "Capital market banks face three especially tough issues that will shape their future during the next presidential term."
Faculty News

Prof. Paul Romer on calls for China to increase consumer spending and decrease investing

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Excerpt from the Wall Street Journal -- "Count New York University economist Paul Romer among the rebalancing skeptics. 'I don’t buy into the consensus,' says Mr. Romer, who is among the U.S.’s most influential economists. 'I don’t think it’s clear that [domestic consumption] is the way to go in China. The degree of certainty with which people advocate this idea obscures the debate.'”
Faculty News

In an op-ed, Prof. Hal Hershfield explains the effects of nostalgic thinking

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Excerpt from Psychology Today -- "When experiencing nostalgia, you may feel happiness thinking about what once was, but also a slight twinge of sadness when you recognize that certain aspects of your life, or life in general, are no longer present."
Faculty News

Prof. Aswath Damodaran's blog is highlighted

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Excerpt from The Times -- "Musings on Markets, by Aswath Damodaran, Professor of Finance at New York University, is written in a way that makes finance easily accessible to non-finance students."
Faculty News

Profs Anindya Ghose and Priya Raghubir on pricing for Nokia's Lumia 920 Windows Phone

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Excerpt from Gizmodo -- "It's an uphill battle for Nokia despite lower prices," says Prof. Ghose. "There are always takers for lower price goods, but in the smartphone market [Nokia] has too much of a late-mover disadvantage compared to Apple and Samsung."
Faculty News

Prof. William Silber's book, “Volcker: The Triumph of Persistence," is reviewed

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Excerpt from The Washington Post -- "To read William L. Silber’s engaging biography of Paul Volcker in the fall of 2012 is to be reminded of a time, not so long ago, when a cadre of public servants, respected for their knowledge, integrity and practical experience, were allowed to guide government policy even as presidents, partisans and ideological fashions swept in and out of Washington."
Student Club Events

NYU Stern Pharmaceutical and Healthcare Association (SPHA) Healthcare Summit

The annual SPHA Healthcare Summit will provide an opportunity for students and professionals to learn about careers in the life sciences and healthcare industry including positions with healthcare providers, pharmaceuticals, investment banks and consulting firms. The event will touch on a variety of current topics including discussions of the changing state of the US healthcare industry. There will also be over an hour of networking with industry professionals, recruiters and professors.
Faculty News

In an op-ed, Prof. Michael Spence calls for better disaster preparedness infrastructure investment

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Excerpt from Project Syndicate -- "Indeed, in the United States, lessons from the Katrina experience appear to have strengthened response capacity, as shown by the rapid and effective intervention following Hurricane Sandy. But investments designed to control the extent of damage seem to be persistently neglected. Redressing this imbalance requires a focus on key infrastructure."
Research Center Events

Social Entrepreneurship Takes Center Stage at 9th Annual Conference

The largest academic conference of its kind, in terms of research paper submissions, NYU Stern’s Ninth Annual Conference on Social Entrepreneurship, organized by the School’s Business & Society Program Area and the Berkley Center for Entrepreneurship & Innovation, convened scholars from around the world, as well as practitioners and students, to explore topics in social enterprise, innovation, sustainability and impact.
Research Center Events

NYU Stern and L2 Host 2012 L2 Innovation Forum on Ideas and Innovation

On Wednesday, November 7, NYU Stern and L2 held the fourth annual Innovation Forum in New York City. Speakers from industry and academia presented to a sold-out audience on topics such as social contagion, stock picking and the Digital IQ and America’s political division.
Faculty News

An op-ed by Prof. Adam Alter on republicans' threats to move to Canada after Romney loss

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Excerpt from The Atlantic -- "Just after the election, Republicans are hurting -- but they'll calm down just as Kerry supporters did when Bush was elected to a second term in 2004. The question, then, is why we're treated to this spike in melodrama every four years. And the answer comes down to a simple psychological truth: that people have no idea how much pain they'll feel when they experience a dreaded outcome."
Faculty News

An op-ed by Prof. Jonathan Haidt on how the US can come together post-election

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Excerpt from The New York Times -- "In other words, America faces many serious threats, but each side sees some and denies others. Morality binds and blinds."
Faculty News

Prof. Michael Spence on Europe's debt crisis and high unemployment levels

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Excerpt from Bloomberg -- "The absolute best thing that we can do for Europe is to engineer our own economic recovery as fast as we can."
Faculty News

Prof. Lawrence White on an Australian federal judge’s ruling that holds a ratings agency liable

Excerpt from Bloomberg Businessweek -- "The case could have broad implications for similar litigation around the world. 'It’s a surprise,' says Lawrence White, an economics professor at New York University’s Stern School of Business. 'It may well be that we will see more of these types of things.'”
Faculty News

Prof. Alexi Savov's research on consumption is featured

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Excerpt from The Guardian -- "To Savov, garbage is valuable not only for its own worth, but because, in a mathematical sense, it represents many of the things that people and corporations treasure most. Maybe, just maybe, he implies, the rises and falls in garbage production reliably and fairly accurately measure what a society is worth."
Faculty News

An excerpt from Prof. William Baumol's book, The Cost Disease, is featured

Excerpt from Policy Options Magazine -- "Renowned American economist William Baumol was among the first to identify the condition in which industries dependent on personal services — education, the performing arts and health care — prove resistant to productivity gains."
Faculty News

Prof. Richard Levich on alpha hunters and currency investing

Excerpt from the Journal of Portfolio Management -- "Given their value and relative scarcity, it is no surprise that identifying alpha hunters is not an easy task. While all marketing disclaimers state that past performance is not an indication of future performance, past alpha generators are a good place to start when looking for investment stars."
Faculty News

Dean of the Undergraduate College Geeta Menon was honored by the Kerala Center

Excerpt from India Tribune -- "The keynote speaker was Dr. Geeta Menon, Dean, Undergraduate College and Abraham Krasnoff, Professor of Global Business, Stern School of Business, New York University. Dr. Menon was honored for her achievement in the field of education."
Faculty News

Profs Alexi Savov and Thomas Philippon's research is featured

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Excerpt from Bloomberg -- "In an analysis of the extent to which stock and bond prices forecast a company’s future profit, Jennie Bai of the New York Fed and Thomas Philippon and Alexi Savov of New York University’s Stern School of Business said what they called financial market informativeness hasn’t increased in the past half century. Earnings surprises have grown relative to total uncertainty, they said."
School News

The NYU Stern Berkley Center's Entrepreneurs Challenge is featured

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Excerpt from Forbes -- “'Last year, we asked a lot more details when [contestants] entered the competitions,' said Luke Williams, Executive Director of the Berkley Center during the second coaching session on October 16. 'I want a concise one-page summary this year.'”
Faculty News

Prof. Aswath Damodaran is featured as one of the "Top 10 B-School Professors in the World"

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Excerpt from CNN Money -- "When Professor Aswath Damodaran sets out to teach a class or give a lecture, his goal is to convert each student into a born-again finance enthusiast. Damodaran's passion for teaching finance has garnered him high marks. In 1988 and 1990, he received Stern's Excellence in Teaching Award and NYU's Distinguished Teaching Award, respectively."
Faculty News

Prof. Menachem Brenner on the significance of the NYSE closure during Hurricane Sandy

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Excerpt from US News & World Report -- "'It's the trading place of last resort,' says Menachem Brenner, a professor of finance at New York University. He points out that traders on the exchange floor are typically able to produce quotes for stock prices that serve as benchmarks followed by other exchanges. The NYSE floor also tends to see a spike in volume when there's some kind of anomaly in the market, which may indicate that buyers and sellers migrate to the NYSE when there's a hint of trouble."
Faculty News

Prof. William Silber's book, “Volcker: The Triumph of Persistence," is noted as an "Editors' Choice"

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Excerpt from The New York Times -- "Volcker: The Triumph of Persistence, by William L. Silber. (Bloomsbury, $30.)This detailed account of the economist Paul Volcker’s public service in five administrations shows how he maintained his integrity."