Experience Stern | News & Events

Excerpt from the Financial Post -- "Even when the G20 appeared to be functioning effectively, as during the 2009 summit of national leaders to resolve the financial crisis, the results were limited and the carry-through to future global economic growth was weak to non-existent. Former Bank of England governor Mervyn King, in his recent book on the current plight of central banking and global financial governance, comments that since 2009 the G7 and G20 summits have provided 'more employment for security staff and journalists than they add value to our understanding of the world economy.'"

Excerpt from American Interest -- "The 'however' crisply defines regulatory confusion. Public parks sit on land allocated through a system of private property rights. A market where basic resource rights are preempted in favor of “public interest” determinations is something quite distinct. That is what led Ronald Coase to characterize the spectrum allocation system as equivalent to a Federal Land Commission (FLC). The analogy was extended by New York University economist Lawrence J. White, in a thought experiment about how a Federal Land Use Commission (FLUC) might hinder the productive use of real estate. (Acronyms are also a leading output of the spectrum allocation system.)"

Excerpt from the Los Angeles Times -- "If the left can learn to make the stars and stripes its own, it will appeal to some Trump voters, too. As social psychologist Jonathan Haidt argues in his book 'The Righteous Mind,' conservatives vote based on certain moral values that liberals do not typically articulate. Among these are loyalty, sanctity and authority — all of which Trump played to with his 'Make America Great Again' message."

Excerpt from the Washington Post -- “'While we continue to be at what is considered full-employment, the quality of each of those jobs has been dwindling, causing people to seek out new ways to supplement their full-time income,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'There is a lot more volatility in the world of work today than there was 20 or 30 years ago.'"

Excerpt from Quartz -- "As is the case today, pessimists throughout history have fretted about the impact of new inventions on the value of human labor, while optimists have pointed to past examples of how technology has improved the human condition. In our current discussion, there’s also a common counter-argument to this point. 'Those weren’t thinking machines,' summarizes Vasant Dhar, a data scientist and professor at NYU. 'This is not the same as last time, not the same as previous kinds of technology that changed the nature of work.'"

Excerpt from The New York Times -- "Adam Alter, a professor of marketing and psychology at New York University who studies digital addiction, highlighted the fact that, unlike TV shows or concerts, today’s video games don’t end. Most forms of entertainment have some form of a stopping cue — signals that remind you that a certain act or episode is ending, like a commercial or a timer. 'Many video games don’t have them,' Mr. Alter said. 'They’re built to be endless or have long-range goals that we don’t like to abandon.'"

Excerpt from the Washington Post -- "The idea of a 'red-team blue-team' exercise stems in part from a Wall Street Journal commentary by New York University professor Steven Koonin. E&E News on Friday reported that Pruitt intended to formalize the 'red team, blue team' effort to challenge mainstream climate science."

Excerpt from Korea Times -- "Low interest rates may make mortgage debts attractive and can fuel a housing boom. Conversely, high housing prices require ever larger mortgage balances, even if the ratio of loan to property value stays constant. So growth in property prices and mortgage debt go hand in hand."

Excerpt from Bloomberg View -- "Prior to these news stories, Uber was a rule-breaking company with a business model that delivered revenue growth but offered a very narrow path to profitability. After these news stories, the story remains the same but Uber has just made its narrow path even narrower and much rests on who will head the company on this path."

Excerpt from the San Francisco Chronicle -- "Today, the market is much different, Sundararajan said: 'The excitement around the on-demand economy, coupled with the fact that everyone can be a delivery person because everyone has a smartphone,' changes the economics."

Excerpt from Digital Trends -- "Sure, taking pictures captures the visual details of our memories, but a new study suggests pressing that shutter button improves visual memory. The problem? The improved visual recall is at the expense of auditory memories. The data comes from a new study led by New York University Stern School of Business professor Alixandra Barasch and recently published in Physiological Science."

Excerpt from Racked-- "Back in April, NYU professor and business intelligence firm L2 founder Scott Galloway told Racked that 'no one looks at Amazon and thinks that it’s a great partner. It’s considered the evil empire.'"

Excerpt from Le Monde -- "Due to the high level of concentration in the United States in the early 2000s, US companies are dominant in their sectors. They are no longer challenged by competition, and therefore have no reason to invest as much as in the past. In other words, in the United States, the concentration of companies penalizes investment."

Excerpt from Canadian Underwriter -- "'Disruptive innovation is affecting companies of all sizes – reframing opportunities and risk,' Anat Lechner, clinical professor of management and organizations at New York University Stern School of Business, says in the company statement."

Excerpt from Racked -- “The bottom line, though, is that guys will always need to buy deodorant. Meyvis questions whether consumers even seriously bought into Axe’s former branding. 'I think that people were buying Axe in the past more because it was a cool brand for young men rather than they really thought "I will become the chick magnet from the advertisement,"' he says. 'If that were the case, of course this would be a bad decision to do this campaign. But the world changes, and what is cool for young men changes, too. To that extent, it may not be as radical a departure from the past positioning: "We’re the cool brand for young men, whatever is happening in the world today."'"

Excerpt from Bloomberg -- "Miami has the smallest Airbnb-to-hotel price advantage among U.S. cities in the data tallied by Bloomberg. Changes in regulations may contribute to this, according to Arun Sundararajan, a professor at New York University's Leonard N. Stern School of Business and author of The Sharing Economy. The home and apartment-rental company reached an agreement with the local government in March to collect resort taxes on behalf of hosts in Miami-Dade County."

Excerpt from Luxury Daily -- "'G-Dragon is the most influential cultural icon in Asia today,’ said Thomaï Serdari, Ph.D., founder of PIQLuxury, co-editor of Luxury :History Culture Consumption and adjunct professor of luxury marketing at New York University, New York. ‘His music and fashion style have contributed to an unprecedented increase in followers who also happen to cross two generations: millennials and Generation Z,’ she said. ‘These are young adults who have developed a taste for luxury early in life, have disposable income, primarily due to their families, and have also traveled abroad.’”
 

This program is designed for professionals who make financial decisions or frequently communicate with financial decision makers. It is also a good fit for individuals looking to improve their financial literacy and understand the basic drivers of corporate decision making.

Excerpt from Credit.com -- "Research from NYU professor Priya Raghubir and University of Maryland professor Joydeep Srivastava shows that using physical cash makes people less likely to overspend because they “feel the outflow of money” more directly. Spending too much on a credit card can also lead to high interest charges if you don’t pay the balance in time."

Excerpt from Accepted.com -- "We launched two new, focused MBA programs. We explored the idea of separate applications, and decided on having one application for all of the programs – so you can apply to up to four MBA programs with one application: the full-time MBA, part-time MBA, and our two new specialized, full-time, 12-month programs. You indicate a primary program of interest and explain why it’s your primary, and then identify your alternates."

In a new study, Professor Alixandra Barasch of the NYU Stern School of Business and co-authors, Kristin Diehl of the University of Southern California Marshall School of Business, Jackie Silverman of The Wharton School at the University of Pennsylvania and Gal Zauberman at Yale School of Management, find that choosing to take photos may help us remember the visual details of that experience, but at the expense of our nonvisual memory.

Excerpt from The Economist -- "The school has responded to this interest by launching a tech-focused one-year MBA programme to cater to the need of employers in 'Silicon Alley', the New York technology hub that the school’s dean, Peter Henry, can see from his office window. 'We have to figure out a way to be as important to the new economy as we have been to Wall Street for the past 50 years,' he explains."

This program is designed for professionals who make financial decisions or frequently communicate with financial decision makers. It is also a good fit for individuals looking to improve their financial literacy and understand the basic drivers of corporate decision making.

Excerpt from Yahoo Finance -- "Speaking about the Z-score, if you compare the average Z-score of companies in 2007 with the average in 2016, which is the last time we looked at it, guess what. The average is actually lower today than it was in 2007, and 2007 was right before the great financial crisis, and of course, in ’08 and ’09 we saw a tremendous increase in corporate bond defaults and loans."

Excerpt from the Financial Times -- "In Tectonic Shifts in Financial Markets, Henry Kaufman offers a scorching account of how Wall Street got into this mess, how it failed to get out, and what to do now. Coming from a pivotal figure in modern finance, now in his 90th year, it will command attention. Kaufman was at high school with Alan Greenspan; at the New York Federal Reserve with Paul Volcker; running research at Salomon Brothers as it created the US mortgage market and dominated bond trading; and on the board of Lehman Brothers in the years before disaster hit."