Experience Stern | News & Events

Excerpt from Motherboard -- "The way Eriksson has been living her life for the past year is a glimpse of how a growing number of us will be living in the future, according to Arun Sundararajan, New York University business professor and author of The Sharing Economy. ... 'We’re transitioning into an alternative of corporations and mass production,' Sundararajan says."

Excerpt from The Chronicle of Higher Education -- "No economy ever achieves an absolute separation of commerce and cooperation. Market traders have always needed some basis on which to trust one another, be that recommendation, regulation, or repeat interaction. In his new book, The Sharing Economy, Arun Sundararajan, a professor in New York University’s Stern School of Business, argues that the border between market exchange and social reciprocity is becoming more porous than ever."

Excerpt from The New York Times -- "Jonathan Haidt, a social psychologist at New York University, calls it the clash between globalists and nationalists. The globalists, who tend to be urban and college educated, want a world like the one described in John Lennon’s song 'Imagine' — no religion, walls or borders dividing people. The nationalists see that as a vision of hell. They want to defend their culture and emphasize the bonds of nationhood — flag, Constitution, patriotism. They also want to limit immigration, an instinct that globalists are often quick to condemn as racist."
 

Excerpt from USA Today -- "Thomas Cooley, an economics professor at New York University and former dean of the university's Leonard N. Stern School of Business, agreed, saying that a stronger dollar could cushion the fallout for retailers and other importers. Still, if the proposal goes into effect, 'there will be winners and losers,' he said, with companies that have U.S.-based factories faring far better than their counterparts that don't. 'In that sense,' Cooley said, the proposed tax change 'encourages domestic investment ... in the U.S.'"

Excerpt from Bloomberg View -- "As social psychologist Jonathan Haidt has argued for years, doing things in groups is really hard, and the larger the group, the harder it gets. Moral values like group loyalty -- an instinctive group loyalty, not some dry intellectual thing carefully reasoned from first principles and self-interest -- make it possible for us to do this very difficult thing."

Excerpt from Fortune -- "Belen Villalonga of New York University has found that controlled companies have higher-than-average profitability."

Excerpt from Forbes -- "The new book from a professor of psychology and marketing at NYU Stern and the author of Drunk Tank Pink, the bestselling study of how environmental factors shape how we think and behave. Here, Alter tracks the rise of behavioral addiction – to social media, TV binge-watching, work and more – and explores how we can both set better boundaries and learn to use addictive products for good."

Excerpt from the Foundation for Economic Education -- "Paul Wachtel, an NYU economics professor who was on Greenspan's dissertation committee, defends Greenspan’s work, claiming, 'the chapter written by Greenspan in 1959 on investment risk and stock prices anticipated by 10 years the Q ratio developed in 1969 by the late James Tobin,' who would become a Nobel laureate."

Excerpt from Quartz -- "'There’s a growing concern about the gap between what’s true on the internet and what’s not, and how the internet and these social networks and platforms are affecting both political and social interactions,' said Posner, a former member of the Obama administration and professor at New York University’s Stern School of Business. Donald Trump’s upset in the US presidential election was viewed as the first 'earth-shaking impact of this kind of bias,' Arun Sundararajan, a professor at NYU Stern who attended the meeting, told Quartz."

Excerpt from The Wall Street Journal -- "In November, investors were expecting to earn 6.3 percentage points more by owning risky stocks instead of safe bonds, according to Aswath Damodaran, a finance professor at New York University. By Wednesday that premium had shrunk to 5.7 percentage points."

Excerpt from China Radio International -- "What we've seen with artificial intelligence is to some extent, there were many decades where there was a lot promised and very little delivered. But I think now that in some sense, technology, computer systems, the programming has caught up with that potential. People are starting to see that artificial intelligence can, in fact, have big implications for how we do many things."

Excerpt from Luxury Daily -- "'Opening up its bespoke services to everyday clients will help Calvin Klein elevate the customer’s perception of the brand and also intrigue them with the possibility of something both unique and special (as all bespoke items are) as well as representative of the iconic American style the brand ushered in the past with its collections,' [Serdari] said."

Excerpt from Forbes -- "Coined in 1999 by then-Cornell psychologists David Dunning and Justin Kruger, the eponymous Dunning-Kruger Effect is a cognitive bias whereby people who are incompetent at something are unable to recognize their own incompetence. And not only do they fail to recognize their incompetence, they’re also likely to feel confident that they actually are competent."

Excerpt from Forbes -- "'If you’re vested in growth, you have to be vested in innovation,' noted Luke Williams, a professor of innovation at the NYU Stern School of Business, who spoke Tuesday at Oracle CloudWorld. The challenge for companies is that existing organizations are 'systems of continuity' that tend to resist real change unless they’re under an almost existential threat."

Excerpt from The Karen Hunter Show -- "When you search on Google for something, sneakers, let's say, and you click on the images tab, it will bring up a whole bunch of sneakers. Someone in the past had to tag that image with it. Now, computers are tagging it automatically."

Excerpt from FAZ -- "'...winners and losers will lobby for their respective positions,' conclude the economists Stephen Cecchetti and Kermit Schoenholtz, who are renowned in international economic relations."

Excerpt from Reuters -- "Philippon argues that if savers are to benefit from the next wave of innovation, such as blockchain banking, it will be because regulation stops existing banks from co-opting it and keeping all of the benefits of efficiencies to themselves."

Excerpt from Crain's New York -- “Luxury brands will hold their own—you still can’t buy Hermès on Amazon. There will be some artisanal guys that will manage to hang on because they’re so exceptional. You’ll see Starbucks, Chipotle, more Warby Parker stores. And everyone else will get crushed.”

Excerpt from OZY -- "'We’re going to see more development of natural energy resources,' says White. He is less bullish on the prospects for the coal industry that Trump has promised to revive, citing market pressures that already make coal a less attractive alternative to fracked oil and gas, regardless of regulation."

Excerpt from Psychology Today -- "Dunning and Kruger documented this effect in a number of quantitative contexts. Its first publication, in 1999, bore the memorable title, 'Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments.' The authors observed that you need skill and knowledge to judge how skilled and knowledgeable you are. A tone-deaf singer may be unable to distinguish her talent from that of the greatest stars. Why then shouldn't she believe she's their equal?"

Excerpt from The New York Times -- "Consider that blue states send much more money to Washington than they receive, while the reverse is true for red states, which tend to favor Republicans. Blue states also enjoy significantly higher per capita income than red states and are home to a disproportionate share of the nation’s highest earners. The upshot is that if the Trump administration cuts taxes on top earners as expected, the federal tax burden on blue states will fall especially sharply. Those states will thus have new fiscal flexibility, should they choose to offset other aspects of the Trump agenda."

Excerpt from CNNMoney -- "Ian Bremmer, president of risk consultancy Eurasia Group, said the uncertain geopolitical environment, coupled with the potential for conflict with the U.S. and domestic political concerns, will leave Beijing in a worried state. 'These are things that really unnerve the Chinese,' Bremmer said."

Excerpt from CNET -- "'The upside is an administration that is more friendly to bringing down regulatory barriers,' said Arun Sundararajan, New York University professor and author of 'The Sharing Economy.' 'The potential downside is an administration that may start to put in place policies that slow the pace of job displacement through automation, which could thwart Uber's, and eventually Lyft's, long-term plans,' he said."

Excerpt from Forbes -- "Vasant Dhar, a professor of information systems at NYU, studies computer decision making. He says it'll be up to the 'seasoned decision makers' in the military to decide whether or not new machine technology... is worth the cost of its mistakes."