Experience Stern | News & Events

Excerpt from The Wall Street Journal -- "What you saw coming out of the press releases about climate data, climate analyses, was, I would say, misleading. Sometimes, just wrong, but much more often misleading. For example, in the national climate assessment that came out in 2014, from the US Global Change Research Program, one of the key findings is that hurricane activity increased from 1980. What they forgot to tell you, and you don't know until you read all the way into the fine print, is that it actually decreased in the decades before that. And all of the papers at that time and currently say there's no detectable long-term trend in hurricanes."

Excerpt from Poets & Quants -- "'Because movies are typically made for mass consumption, the portrayal of business professionals in them reflects how MBAs are seen by some non-trivial percentage of the general public at that time. [Pettit] ‘[Twelve Angry Men is] not about business explicitly, but it’s a great example of how to persuade others effectively, which is a critical skill in business. Like many other b-school professors I use it to teach persuasion in my leadership class.' [Leslie]”

Excerpt from The New York Times -- "Thomas Philippon, an economist at New York University, has published papers on the financial service industry’s share of the nation’s gross domestic product, or G.D.P. In the 1920s, finance’s share of G.D.P. doubled, with most of the growth taking place in the second half of the decade."

Excerpt from Mic -- "In this climate, 'consumers are in a mood to notice' a brand's values, Tensie Whelan, director of the Stern Center for Sustainable Business at NYU Stern School of Business, told Mic. 'It's that overall impression... The majority of consumers couldn't care less if 80% of brands disappeared tomorrow.'"

Excerpt from The Washington Post -- “'Wall Street got started under Alexander Hamilton, and it was almost exclusively a province of males and it has just continued that way,' said New York University financial historian Richard Sylla."

Excerpt from Livemint -- "In the now famous book, Adam Brandenburger and Barry Nalebuff presented a framework of Co-opetition. It’s a strategy that includes simultaneous cooperation and competition between two or more firms, which cooperate in some activities while competing in others."

Excerpt from CNNMoney -- "'I don't think there's a clear approach to be favored one way or the other,' said White, who was also a former board member of the Federal Home Loan Banks under the Reagan administration."

Excerpt from Vocativ -- "'[T]he worldwide value of all bitcoins is only about $20 billion,' says David Yermack, professor of finance at NYU Stern School of Business. '[That’s] not nearly enough to be an alternative to the sovereign currency in a country of any size.'"

Excerpt from NBC News -- "I don't think tech companies are explicitly trying to make their products addictive — at least that's not the term they'd use. I think they'd describe it as 'maximizing engagement,' or, to borrow a term from the gambling industry, maximizing 'time on device.' If you're competing for limited attentional resources, you need to make sure people can't stop using your product once they start."

Excerpt from Business Insider -- "When you buy a share of Snapchat you're giving a 26-year-old money with absolutely no recourse. No shareholder rights whatsoever and you're investing in a company whose losses exceed its top-line and also has probably the world's most agile and competent company in the world — Facebook has decided that they will kill Snapchat no matter what."

Excerpt from Yahoo Finance -- “Baker, Wurgler and Yu Yuan, authors of the May 2012 study, ‘Global, Local, and Contagious Investor Sentiment,’ were the first to investigate the effect of global and local components of investor sentiment on major stock markets, at the level of both the country average and the time series of the cross-section of stock returns.”

Excerpt from New York Magazine -- "In one study led by the NYU marketing professor Justin Kruger, Epley and his colleagues asked participants to write pairs of sentences — one serious, one sarcastic — on various topics and email them to another subject, who would guess which was which. Senders estimated the sarcastic sentence would be misidentified only 3 percent of the time. Instead, recipients got it wrong five times as often."

Excerpt from Fast Co.Design -- "Segall and Labowitz spent 18 months compiling their report, published this week by the Center for Business and Human Rights at NYU’s Stern School of Business. They spoke with workers, recruitment agents, contractors, clients, and more. What they uncovered was a startling globe-crossing network in which poor workers actually end up paying to be recruited, and more."

Excerpt from RealClearMarkets -- "The argument goes that a simple leverage ratio, which could be based on liabilities or assets, does not afford regulators a sufficiently granular control mechanism. Thus, the NYU Stern School explains, 'a private investor would rarely make a decision based on a single ratio, and neither should a regulator.'"

Excerpt from the Stamford Advocate -- "'Is there going to be an effect for New York and Connecticut — I would say yes,' White said. 'Is it going to be large, probably not. Frankfurt would be the primary beneficiary because the major barrier is going to arise between Britain and the rest of Europe. There isn’t going to be any new barrier between Britain and the U.S. or between Britain and Singapore.'"

Excerpt from Bloomberg -- "'Uber is a one-of-a-kind company, in good ways and bad ways. It’s going to be a case study,' said Aswath Damodaran, a finance professor at New York University. 'This is a cash-burning machine.'"

Excerpt from OZY -- "'It’s one thing to trust someone enough for them to ship you a package, but it’s a completely different thing to have a stranger sleep in your spare bedroom,' says Sundararajan. The establishment of 'more robust digital trust networks' — automatic vetting of drivers, connection with hosts’ Facebook profiles, ratings and comment systems — allowed platforms like Lyft, Couchsurfing and meal-sharing app EatWith to take off."

Excerpt from CFO -- "In their book, Baruch Lev and Feng Gu demonstrate that corporate reports have lost most of their usefulness in doing what they are supposed to do: provide investors with information that they can use to make optimal investment decisions. Their shocking conclusion is that the very pricey financial report only provides five percent of the information that investors base their decisions on. Lev and Gu propose a new method called the ‘Resources & Consequences Report’."

Excerpt from The Atlantic -- "'There have been so many violations in recent years that have led to massive penalties on the part of firms that it tells me that the culture is not working,' he says, suggesting that financial punishment can only do so much to induce better behavior."

Excerpt from The Hill -- "A study conducted by the NYU Stern School of Business found than more than 99 percent of the EB-5 projects qualify as Targeted Employment Areas."

Excerpt from Bloomberg -- "On a scale of 1 to 10, it was -1. I think it was probably the most tone-deaf response I've seen to this type of issue, I think, possible ever. He used the term 're-accommodate' as if he was trying to put a good spin on it. It just took a bad situation and made it worse."

Excerpt from The Australian -- "[Alter] believes it’s possible that half of us now suffer from some form of behavioural addiction. And while this is bad news for adults who wish to escape their smartphone screens, it’s even worse news for children. Their impulse ­control is still a work in progress. They don’t think about the costs and benefits of their behaviour. If left to their own devices – literally, figuratively – kids do not stand a chance against such sophisticated technologies."

Excerpt from Forbes -- "After campaigning on the idea monetary policy should be more restrictive, it wouldn’t be surprising that, now in office, Trump sought central bankers with policy prescriptions are more aligned with his goal of speeding up the pace of growth. Additionally, Trump could 'interfere in the normal operations of Federal Reserve policy not just through personnel but by directly commenting on it,' said Kim Schoenholtz, an economics professor at the NYU Stern School of Business. 'There’s a huge degree of uncertainty about what the President will do.'"

Excerpt from Inc. -- "What's more, China could retaliate by raising tariffs on U.S. goods, suggests Ari Ginsberg, a management professor at New York University's Stern School of Business where he has a focus on international business. He notes that this will be especially problematic for startups that sell products to Chinese consumers, as their profit margins could shrink."