Experience Stern | News & Events

Excerpt from Quartz -- "'I’d imagine that the feature "I am re-purposing an under-utilised asset to make a little extra money" is more prevalent in the US and Western Europe than it is in South America or Asia. Part of this has to do with the fact that the labour arbitrage opportunity in Asia and South America is less,' Sundararajan, author of The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, said."

Excerpt from Marketplace -- "... They've got some blemishes. They may have delayed repayment in the past."

Excerpt from Bloomberg -- "'Social measurement must evaluate what is most meaningful, not what is most convenient,' Casey O’Connor, co-author of the report and Sani Fellow at the Center for Business and Human Rights, wrote in an e-mail response to questions March 15."

Excerpt from The New York Times -- "To the average person, this raw material is undetectable noise. But for organizations that know how to identify signals, there’s immense value in refining what has become an unlimited supply."

Excerpt from The Outline -- "'How do you really control these systems that you don’t really fully understand?' Dhar said. 'One of the consequences of this change that has occurred in AI is that you now have a machine that has learned how to learn, which historically has been the purview of human beings. The machines can now learn stuff autonomously, and you have no idea whether it’s learning desirable things or undesirable things.'"

Excerpt from The Guardian -- "'Environmental stewardship and sustainability are going to be big issues of contention,' said Irv Schenkler, clinical professor of management communication at New York University’s Stern School of Business. 'Many large corporations have committed themselves to alternative energy, but the outlook is that the new administration is going to take a very different tack in this regard.'"

Excerpt from Thomson Reuters Accelus -- "'In the end, one has to evaluate the CHOICE Act by asking whether the future of the financial system would be safe and more stable under it or with Dodd-Frank -- even in its current form,' said Professor Kermit Schoenholtz, one of the editors. 'We think the CHOICE Act would increase the riskiness of our financial system.'"

Excerpt from Marketplace -- "I think that this will hit Uber drivers hard, because as you know if you've been in an Uber in London, New York or LA, significant fractions of these drivers are recent immigrants, who may be challenged by an English-language writing test ... In many ways this is one of the professions where a complete absence of communication between the service provider and the service receiver is theoretically possible."

Excerpt from Seeking Alpha -- "Even the S&P 500, which is weighted by market value and is not rebalanced, undergoes 20 to 25 changes in an average year as companies are added to and removed from the index, according to a study by Jeffrey Wurgler, a professor at NYU Stern School of Business."

Excerpt from Bloomberg -- "We are seeing wage inflation begin to pick up. We're seeing actual inflation rise a bit. I think that's why the Fed is going to be tightening because they're now confident that inflation will rise to their target."

Excerpt from CNNMoney -- "Trump has already argued that Dodd-Frank is holding back the American economy, even though data show that business lending and bank profits have never been higher. 'You can't get deregulation done unless you've got people in place. You can't just wipe regulations off the books. You need to do that in a formal fashion,' said NYU Stern professor Lawrence White."

Excerpt from EBS Korea -- "'Failure is definitely an important part of it. Otherwise, you don't learn. But, as far as the motivation behind doing this project, it is not the money.' - Rahul Kumar (BS '13) '...Everybody who enters the competition... is not going to go on after the competition and start a business. But that's OK, because, more importantly, we're looking for people who are innovators, they understand the process of vetting ideas, and just going forth and just being more comfortable creatively.' - Professor Cynthia Franklin"
 

Excerpt from NPR -- "'Ten years ago, before the iPad and iPhone were mainstream, the average person had an attention span of about 12 seconds,' Alter tells Fresh Air's Dave Davies. Now, he says, 'research suggests that there's been a drop from 12 to eight seconds ... shorter than the attention of the average goldfish, which is nine seconds.'"

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."