Experience Stern | News & Events

Excerpt from NPR -- "To be sure, awe is a multi-faceted emotion, and one that's only recently become the target of systematic psychological research. In an influential 2003 paper, psychologists Dacher Keltner and Jonathan Haidt argued that awe is characterized by two central features: vastness and accommodation. Vastness describes the experience of something larger than the self, whether that vastness is a matter of physical size or of metaphorical size, such as great power. Accommodation refers to the need to modify one's current mental structures to make sense of the experience — whether or not such modification is actually enacted or succeeds."

New York University Stern School of Business today announced that Pankaj Ghemawat will join its faculty in September 2014. Ghemawat will be a professor in Stern’s Management & Organizations department, where he has served as Distinguished Visiting Professor of Global Management since September 2013.

Excerpt from Forbes -- "A study based on all drivers who competed in F1 races between 1981 and 2010 has revealed that although it is of course good to good to hire a top-performer, his average performance decreases when his team-mate has the same level of prior success and is therefore pushed to compete for the same positions. The study was led by the expert Dr Paolo Aversa, Cass Business School lecturer in strategy at City University in London, together with Professor Gino Cattani of Stern Business School at New York University and Dr Alessandro Marino from the management department of Luiss University in Rome. …. The study identifies two main reasons to justify its conclusion that as the difference in previous performance among top-level drivers working in the same team decreases so too do their individual results."

Excerpt from Bloomberg Businessweek -- "Apple could foster the creation of such integrated ecosystems, by adding payment software and services to its tightly integrated family of products. By detecting an iPhone’s location, retailers could push coupons to customers as they shop, or even let people order food based on the show they are watching. 'It sounds like fiction, but it’s going to be fact,' said Anindya Ghose, a professor of marketing at New York University’s Stern School of Business."

Excerpt from American Thinker -- "In 2012, NYU social psychologist Jonathan Haidt, with collaborators, published a paper detailing how liberals and conservatives view each other. Haidt, et al, wrote: 'Across the political spectrum, moral stereotypes about “typical” liberals and conservatives correctly reflected the direction of actual differences in foundation endorsement but exaggerated the magnitude of these differences. Contrary to common theories of stereotyping, the moral stereotypes were not simple underestimations of the political outgroup’s morality. Both liberals and conservatives exaggerated the ideological extremity of moral concerns for the ingroup as well as the outgroup. Liberals were least accurate about both groups.'"

Excerpt from CNC World -- "This would be largest IPO in history. I think a lot of people misunderstand the size of an IPO by looking at what it actually offers on the offering day, but in terms of value of the company that's implied in that offering, this would be the largest IPO in history, much larger than Facebook..."

Excerpt from OZY -- "'The old conjecture — through the ’90s — was that Internet shopping would make everybody more price-sensitive,' explains Priya Raghubir, chair of the marketing department at NYU Stern School of Business. Which should get you a better price. But there’s a 'more recent phenomenon' at play here, she says: The consumer might be worse off. ... Company priorities are shifting, too, says Anindya Ghose, a marketing and IT professor at Stern. They once channeled much of their strategy budgets to advertising and marketing. Now they’re redirecting some of those millions to pricing strategy, a 'historically underinvested sector,' with investments in technology, data and analysis that help companies reach that sweet spot where you’ll still buy their stuff but they’ll make the most money."

Excerpt from Financial Times -- "Today, I’m a few weeks into my MBA journey and if there’s one thing I’ve learned thus far it’s this: business school is a perfect melting pot of disciplines. If you think you’re from a non-traditional background, you’ll quickly learn that 'non-traditional' is a label that does not really exist. My classmates are not only bankers, marketers and consultants, but also doctors, designers, politicians, Olympians, lawyers, veterans, actors, and more. Business schools love candidates from diverse fields. What matters most is the unique perspective you’ll bring to the classroom and the relationships you will build with those around you."

Excerpt from Pacific Standard -- "...Burtch and colleagues Anindya Ghose and Sunil Wattal went to 'one of the world’s largest online crowdfunding platforms,' as they describe it in their paper, and proposed a simple experiment... they found a privacy effect, meaning about five percent more people gave when they had to pay first and select privacy options later. But the authors also found what they termed a publicity effect: When users saw the privacy options last, those who went through with a contribution gave $5.81 less on average, the net result of fewer very large or very small (but still non-zero) amounts."

Excerpt from Financial Times -- "'Most firms don’t have a vice-chairman,' says Professor David Yermack of the New York University Stern School of Business. 'They are fixers, who can lunch with important clients or regulators. But they have no operating responsibilities.'"

Excerpt from Digital Journal -- "It was a packed house at NYU Stern's auditorium as the prestigious New York University business school hosted a 'Economic Outlook Panel' with economists Vincent Reinhart and Julia Coronado along with professors Kim Schoenholtz and David Backus on September 3, 2014. In 2014, the economy has become a topic as likely to be discussed over cocktails as it is at an economic conference, so it should come as no surprise it was so well-attended."

Excerpt from CNBC -- "Ethan Mollick, an assistant professor at the University of Pennsylvania's Wharton School of Business, together with Professor Jason Greenberg at New York University, recently looked into the success of women on Kickstarter. They examined 1,250 projects in five categories that sought at least $5,000 between 2010 and 2012. What they discovered was that women were 13 percent more likely than men to meet their Kickstarter goals."

In a new study, NYU Stern Professors Elizabeth Morrison and Kelly See, along with co-author Caitlin Pan of SIM University, examine why employees often withhold important suggestions and concerns, and find that a sense of powerlessness plays a key role.

Excerpt from Channel News Asia -- "'They won't just be playing catchup,' said Prasanna Tambe, associate professor at New York University’s Stern School of Business. 'They'll be leapfrogging the competition in some ways because this is a problem that many countries have tried to solve and it's been difficult. I think everyone is still struggling to figure out how to achieve better gender balance in the high-tech workforce.'"

The NYU Stern Center for Global Economy and Business hosted the Economic Outlook Forum on September 3, 2014.

Excerpt from US News University Directory -- "While in 2003-2004, New York University's Stern School of Business only had two entrepreneurship classes with 62 students, that number jumped to seven courses with 281 students enrolled in 2012-2013, Bloomberg BusinessWeek reported. In 2012, the school also introduced a specialized academic track in entrepreneurship."

Excerpt from Bloomberg Businessweek -- "Jon Haidt thinks corporate culture in America works relatively well. But that hasn’t stopped him from launching a crusade to up-end the way Wall Street titans do business. Haidt, a professor of business ethics at New York University’s Stern School of Business, founded a nonprofit called Ethical Systems this year. He started Ethical Systems as a research hub to study the best ways to make business people behave ethically. No one can accuse Haidt of underestimating what’s at stake. 'If we at Ethical Systems can, over the course of 10 years, improve business ethics by 1 percent, we’ve justified our life on this planet,' he says."

Excerpt from Newsweek -- "In a world where technology and efficiency have provoked greater loneliness, something as simple as sharing a ride in a taxi may improve our health and well-being. Arun Sundararajan, a New York University professor specializing in the digital economy, says that while technological progress yields greater institutional efficiency, 'a byproduct is a growing drop in the level of connectedness people have.' Sundararajan points to studies that show loneliness can have negative health effects. But there might be a way to counteract this depressing fact of contemporary life. The sharing economy, he says, can 'bring back that human connectedness into economic interactions that used to be individual, isolated, solitary and faceless.'"

Excerpt from TheStreet.com -- "'Clearly it's a win-win,' said Stijn Van Nieuwerburgh, professor of finance and director of the Center for Real Estate Finance Research at NYU's Stern School of Business. 'Banks are able to reduce their non-performing loans and improve their own financial health and that of the financial system more broadly in the process.'"

Excerpt from La Repubblica -- (Translated from Italian using Google Translate) "The Laureate Robert Engle warns that quantitative easing creates bubbles of liquidity and that in America the problem will emerge soon."

Excerpt from CNBC -- "'It now appears – based on European Central Bank President Mario Draghi's recent Jackson Hole speech – that the ECB has a similar plan in store for the euro zone,' Nouriel Roubini, chairman of Roubini Global Economics wrote in an op-ed published on Project Syndicate's website on Sunday, referring to 'Abenomics' – Abe's economic revival plan consisting of fiscal stimulus, monetary easing and structural reforms."

Excerpt from Project Syndicate -- "It now appears – based on European Central Bank President Mario Draghi’s recent Jackson Hole speech – that the ECB has a similar plan in store for the eurozone. The first element of 'Draghinomics' is an acceleration of the structural reforms needed to boost the eurozone’s potential output growth. Progress on such vital reforms has been disappointing, with more effort made in some countries (Spain and Ireland, for example) and less in others (Italy and France, to cite just two)."

Excerpt from CNBC -- "'Yahoo is actually better off just throwing in the towel,' said New York University finance professor Aswath Damodaran, a valuation expert. 'The most sensible thing that they can do is give the money back to stockholders. They have lost the game to others (Google, Netflix, Amazon) and it is time for [CEO] Marissa Mayer to concede and not throw good money after bad,' Damodaran said in an email to CNBC."