Experience Stern | News & Events

Excerpt from Harvard Business Review -- "Why is it that a vacation seems like a great idea when we first plan it, but feels like more and more of a burden the closer it gets? It all comes down to distance. Over the past 15 years, quite a bit of research has focused on what Yaacov Trope and Nira Liberman call construal level theory. The idea is that the more distant some object or event is for you, the more abstractly you think about it."

Excerpt from Bloomberg -- "Because there’s no precise definition of what’s included in the sharing economy, pinpointing its size is tough. According to a 2014 study by PricewaterhouseCoopers LLP, the sector had $15 billion in annual revenues in 2013, which could grow to $335 billion by 2025. Arun Sundararajan, a professor at New York University’s Leonard N. Stern School of Business who researches the sharing economy, puts that number anywhere between $150 billion and $1 trillion in a 'few' years’ time."

Excerpt from The New York Times -- "Regulation of Airbnb cannot by itself solve San Francisco’s housing shortage, whatever form the regulation might take. It is critical that city governments treat platforms like Airbnb as partners in finding new regulatory solutions, rather than casting them as the protagonists in conflicts between existing regulations and the new commercial behaviors they enable."

Excerpt from Bloomberg -- "This would be a total disaster for Greece. People would lose a big percentage of their incomes. They have already lost 25%, but they might lose 50% more. So, given the circumstances, it's not going to be a great deal, but bankruptcy is much, much worse."

Excerpt from The Washington Post -- "'These are [brands] that really control the supply, and therefore they manipulate the market and the desire for their products,' said Thomaï Serdari, a professor who teaches luxury marketing courses at New York University."

Excerpt from Harvard Business Review -- "Make sure your innovation efforts are aimed at the expectations and needs of the next wave of adopters, not just those on the leading edge. Firms often have much more data on current users than prospective customers, and in organizations that put a lot of emphasis on data, the consequence is that projects targeting existing users tend to win resources while those targeting new ones don’t. Firms need something other than beta testing with existing users to figure out how late adopters might respond to a given innovation."

Excerpt from Pensions & Investments -- "The AQR Capital Management principal and finance professor at both Copenhagen Business School and New York University's Stern School of Business, said in an interview that he worked on the book, 'Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined,' for more than four years. 'I wanted to really research how trading works, the nature of trading and how it affects financial markets,' Mr. Pedersen said."

Excerpt from Associated Press -- "'We had the Internet for some time obeying such principles but they've never been codified. Now they have been codified,' said Nicholas Economides, a professor at New York University's Stern business school and an expert on networks and telecommunications. 'Consumers should not see any substantial difference.'"

Excerpt from Fox News -- "The next president will face a series of tough foreign policy decisions. How should America manage challenges from fast-rising China and respond to changes in the heart of Europe? What to do about ISIS? Should America become more involved in Iraq? Or Syria? Or Ukraine? What about Iran? Should Washington pursue more blockbuster trade deals like the Trans-Pacific Partnership?"

Excerpt from Bloomberg -- "'Any deal right now is going to be hard for Greece,' Nicholas Economides, an economics professor at New York University’s Stern School of Business told Tom Keene and Michael McKee on Bloomberg Radio. 'Greece is a small country with a lot of imported stuff, a lot of tourism, a lot of exchanges of money. It’s very hard to work under these conditions. The economy has stalled.'"

Excerpt from Science Magazine -- "Romer had noticed that students in intro economics courses were blowing off homework assignments. And even when the students did do the problem sets, many faculty members couldn't provide much feedback because the classes were so large. Romer thought that technology could solve the problem. ... The software gives immediate feedback on wrong answers and allows students to participate in interactive group exercises that simulate market conditions—'it's like lab experiments in the natural sciences,' Romer explains."

Excerpt from The New York Times -- "There is already an emerging academic focus on applying modern digital technology to cities' physical systems. Leading examples include New York University’s Center for the Urban Science and Progress, and the University of Chicago’s Urban Center for Computation and Data. 'It’s great to see an ambitious private sector initiative like this recognize that cities are important,' said Steven E. Koonin, director of the N.Y.U. urban science center. 'And there are technology opportunities, but they are complicated.'"

Excerpt from Bloomberg View -- "Viral Acharya, a finance professor at New York University, argued at the IMF conference that policy makers have made a lot of progress in quantifying systemic risk (which was at the heart of the 2008 collapse)..."

Excerpt from Clear Admit -- "'At a top-tier school, it’s not about avoiding going wrong—because you are not going to go wrong. It’s about how right can you go,' he says. You want to choose the place where you will thrive. To get a feel for whether Stern is that place, Gallogly advises applicants to not only completely devour the school website, but also take advantage of the vast array of multimedia and social media resources, online chats and recruiting events around the world."

Excerpt from The Economist -- "Promoting one’s own business idea, rather than a pre-conceived case from a framework thought up by contest organisers, is more dynamic and representative of real life, believes Mr Williams. Gone are the days of competition entrants crafting their business plan without putting together a prototype or speaking to customers to validate their assumptions, he says. The modern form of entrepreneurship puts much less emphasis on writing business plans and more emphasis on testing assumptions and talking to customers."

Excerpt from Poets & Quants -- "'Leaders serve' and Parsa Sobhani exemplifies this maxim. During his time at Stern, Sobhani has run the school’s Graduate Finance Association Conference and helped manage the Admitted Students Weekend. For such efforts, he was awarded the Stern Service Award. In addition, Sobhani has served as a teaching fellow in the Brand Strategy and Investment Banking courses. He will begin work as an associate at Barclays after graduation."

Excerpt from The Huffington Post -- "As the 2016 U.S. presidential candidate heats up, it's time for an adult conversation about America's role in tomorrow's world. Whatever some candidates might say, successful foreign policy is not simply a reflection of the generosity of the president's vision and the strength of his will. It involves hard choices that require tradeoffs, risk and sacrifice."

Excerpt from Financial News -- "Since the crisis, Deutsche Bank has delayed making difficult decisions. Now it is up to Cryan to make them. Though General Electric has decided to sell off most of its GE Capital unit, and American Express spun off its Lehman Brothers subsidiary in 1994, no major bank has been willing to go that far. Cryan will have to take a hard look at spinning off the capital markets unit, or explain to investors why he didn't do so."

Excerpt from TIME -- "But what are we supposed to do with the Chinese information once we have it? Sell it to advertisers? The U.S. doesn’t do industrial espionage. Is Huckabee suggesting that we start? This election, we need to demand more from our Presidential candidates than the easiest soundbite."

Excerpt from BusinessBecause -- "Isser Gallogly, assistant dean of MBA admissions at NYU Stern, said: 'Military veterans typically bring strong interpersonal skills, discipline, focus, and the ability to solve problems in high-pressure situations. These are all skills which are tremendously valuable to any future career.'"

Excerpt from International Business Times --  "'I think if you're comparing Apple's service to Spotify’s, for example, there's a lot of similarity,' Craig continued. 'For that reason, given Apple's advantages, it's going to be an uphill battle for Spotify.'"

Excerpt from The New York Times -- "Mr. Sundararajan of N.Y.U. said he thought that at the heart of debate over regulating the sharing economy was the fact that it had blurred the lines between personal and professional realms, commercializing some tasks historically performed for friends. 'We’ve always given people rides to the airport,” he said. “We’ve lent our apartments to friends and cooked meals for them.'"

Excerpt from Daily Mail -- "Experts say that the 'planning fallacy' - a phenomenon in which predictions about how much time is needed to complete a task are incorrectly optimistic - is one of the most difficult changes to make. Justin Kruger, a social psychologist and professor of marketing at New York University’s Stern School of Business told The Wall Street Journal’s Sumathi Reddy that despite there being lots of punishments for being late, people still find it difficult to change their habits."

Excerpt from Forbes -- "For JPMorgan and Goldman the drop off has been manageable, but the rest of the field has been forced to pitch securities businesses to investors as a loss leader. At current activity levels both JPMorgan and Goldman 'can operate in a viable business model in which their return on equity is equal or greater than their cost on equity capital. That is not true for anybody else,' says Roy C. Smith, a professor at New York University’s Stern School of Business and former Goldman Sachs limited partner."