Experience Stern | News & Events

Excerpt from Bloomberg -- "The jobs that are lost to automation aren't coming back. I think seven out of eight jobs that we lost in manufacturing over the last 15 years were lost to automation, and maybe one was lost to China out of eight. It's a pretty significant force to contend with. The model of making a living in the future is going to be capital ownership. You own your own tiny business that you use to generate revenue, perhaps using some AI technology."

Excerpt from Reuters -- "Roy Smith, professor of finance at New York University's Stern School of Business, and a former partner at Goldman Sachs, notes the new environment may require greater independence for those guarding large institutions. 'Maybe we need to make these guys a little bit more independent, particularly if they are challenging more than market risk,' says Smith."

Excerpt from Accepted.com -- "Beginning with the class of 2019, full-time MBA students at NYU Stern will have a new merit-based scholarship opportunity, the Advancing Women in Business Scholarship. The scholarship, which will be awarded to students who demonstrate a deep and enduring commitment to advancing women in business, will cover the first year of tuition and mandatory fees. Stern anticipates awarding $1 million in Advancing Women in Business scholarships to the class of 2019. The scholarship will not be renewable for the second year of MBA studies."

Excerpt from TODAY.com -- "There will be certain high-end niches, but for the most part, and also it becomes a complicated conversation because there is an American manufacturing index - what car is the most manufactured car in the US? And the winner? The Toyota Camry. So what it means to be made in America is now taking on new meaning."

Excerpt from the Financial Times -- "Browsing Twitter this week, I came across an interview with Adam Alter, a New York University social psychologist. His book, Irresistible, details the addictive qualities of smartphones, social networks and other digital technologies. And while I once may have read the fleeting tweet and forgotten about it, instead I clicked a button on my web browser to save the story for later."

Excerpt from The New York Times -- "Used within reasonable limits, of course, these devices also offer us new graces. But we are not using them within reasonable limits. They are the masters; we are not. They are built to addict us, as the social psychologist Adam Alter’s new book 'Irresistible' points out — and to madden us, distract us, arouse us and deceive us."

Excerpt from The New York Times -- "'When something becomes a religion, we don’t choose the actions that are most likely to solve the problem,' said Haidt, the author of the 2012 best seller 'The Righteous Mind' and a professor at New York University. 'We do the things that are the most ritually satisfying.'"

Excerpt from Clear Admit -- "While we are all of course told that our networks will probably be one of the most valuable things we take away from the MBA experience, I think I underestimated just how much I would come to rely on mine. My peers here have proven to be my great asset; they provide encouragement, advice, introductions, and go above and beyond to do so. It is because of all the people and resources that make up my tremendous Stern support system that I feel confident I will be successful in pursuing my career path, as 'unstructured' as it may be."

Excerpt from The Wall Street Journal -- "Mr. Brenner, a professor at New York University’s Stern School of Business who helped develop the first volatility index, now is focused on what he believes will be an actionable gauge of the kind of fear now pervading the markets. 'The VIX is low because it doesn’t measure ambiguity. The uncertainty is much bigger than that,' Mr. Brenner said. 'I believe that’s what ambiguity is going to capture.'"

Excerpt from LinkedIn -- "We are still less than a decade from the darkest economic times in our recent history. The national debt is at or about 100% of GDP, the Fed has a balance sheet that is more than five times its pre-crisis size, and inflation just finally ticked up to where we like to see it. The political attacks that surround the Fed are not new to central banking but the economy is still on recovering ground, and not in a place where we can afford to make any mistakes."

Excerpt from eFinancialCareers -- "A director in the PhD program in data science at NYU, Dhar is also an entrepreneur in the field of finance. He founded SCT Capital Management, a hedge fund based on predictive models in 1998 and co-founded Deep Blue Analytics, a consulting company that applies data analysis to commercial problems in 2012."

Excerpt from Business Insider -- "This overestimation is called the Dunning-Kruger effect. It is the cognitive bias that makes less competent people overestimate their own skills while underestimating the competence of others. The term was coined in 1999 in the publication of David Dunning and Justin Kruger. The psychologists had noticed in prior studies that in areas like reading comprehension, playing chess or driving a car, ignorance leads to confidence more often than knowledge does."

Excerpt from Marketplace -- "The world has become so integrated or globalized, if you want. So it's very difficult to protect the US technology from falling to what the United States considers its enemies."

Excerpt from CIO -- "Rosa Abrantes-Metz, managing director of Global Economics Group, adjunct associate professor at the Stern School of Business at New York University, and a co-author of papers on price fixing involving gold, silver and LIBOR prices, said that 'with respect to gold and silver, the structure of these fixings and the empirical evidence were very telling in supporting collusion and manipulation.'"

The NYU Stern School of Business today announced a new book, Regulating Wall Street: CHOICE Act vs. Dodd-Frank, authored by more than a dozen faculty members from NYU Stern and the NYU School of Law. With the change in power in Washington D.C., both Congress and the Administration seek to repeal parts of the Dodd-Frank Act of 2010, streamline regulation and reduce compliance costs. In their analysis, the authors address the prominent issues of financial regulation and examine the benefits and drawbacks of the CHOICE Act—the prominent proposal to reform financial regulation—while comparing it to Dodd-Frank.

On Wednesday, March 8, NYU Stern’s Center for Business and Human Rights welcomed Renee Beaumont, partner at Generation Investment Management, for an event entitled “Shifting the Investment Paradigm.” The discussion, which was moderated by Professor Michael Posner, centered around the topic of the changing investment landscape and focused on sustainable long-term investing to create profit for shareholders.

The NYU Stern Center for Global Economy and Business hosted a public talk with Nathan Sheets, former US Treasury Department’s Under Secretary for International Affairs, on the "Implications of President Trump's Policies for the Global Economy."

Excerpt from Law360 -- "Earlier in the day, the petitioning investors called New York University professor Anindya Ghose to testify as an expert in online and mobile advertising. Ghose said that AOL had grown to become much more than an Internet service provider and had made in-roads into the digital marketplace. 'It was much more that a dial-up company,' Ghose said of AOL at the time of the Verizon deal. 'It was a global media tech company.'"

Excerpt from AFP -- "Scott Galloway, who teaches brand strategy and digital marketing at New York University's Stern School of Business, said Uber has little room for further error after these missteps. Galloway, who also founded business intelligence firm L2, said the news about Uber over the past month has been 'very damaging' but may be surmountable."

Excerpt from Bloomberg -- "Any campus is a really interesting social environment where there are multiple moralities, multiple communities competing with each other and drawing recruits. And what we're seeing in the last few years... is the rise of a particular sub-group that is extremely passionate morally about equality, about fighting racism, and that's all great. But they've adopted a way that is kind of vindictive, that is all about calling people out. So people are afraid of them."

Excerpt from the Financial Times -- "[Alter] concludes that not only are humans peculiarly susceptible to becoming hooked to their devices, even if they do not enjoy the experience, but games and social media companies are expert at keeping them enthralled."

Excerpt from Crain's New York Business -- "'Tipping in the U.S. has so many dimensions,' said Priya Raghubir, chair of the marketing department at the NYU Stern School of Business, who added that the practice often isn't rational. 'People will routinely tip a cab driver but won't tip the person who makes up their room in the hotel, because they never see that person.'"

Excerpt from TheStreet.com -- "Anindya Ghose, marketing professor at NYU Stern Business School, predicts that the Alibaba-Paytm relationship is going to directly affect the future of Flipkart and Snapdeal in a non-trivial way. 'An M&A activity between Snapdeal and Alibaba is a solid possibility here, given that their attempt to acquire Flipkart last year did not go through. An acquisition of Snapdeal can be a part of Alibaba's grand plan to take on Amazon in India by strategic stake holdings in leading players of the region,' said Ghose."

Excerpt from Us Weekly -- "I recently read the business book Irresistible by New York University associate professor or marketing Adam Alter."

Excerpt from The New York Times -- "The technology is designed to hook us that way. Email is bottomless. Social media platforms are endless. Twitter? The feed never really ends. You could sit there 24 hours a day and you’ll never get to the end. And so you come back for more and more."