Experience Stern | News & Events

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."

Excerpt from Marketplace -- "The world has become so integrated or globalized, if you want. So it's very difficult to protect the US technology from falling to what the United States considers its enemies."

Excerpt from CIO -- "Rosa Abrantes-Metz, managing director of Global Economics Group, adjunct associate professor at the Stern School of Business at New York University, and a co-author of papers on price fixing involving gold, silver and LIBOR prices, said that 'with respect to gold and silver, the structure of these fixings and the empirical evidence were very telling in supporting collusion and manipulation.'"

The NYU Stern School of Business today announced a new book, Regulating Wall Street: CHOICE Act vs. Dodd-Frank, authored by more than a dozen faculty members from NYU Stern and the NYU School of Law. With the change in power in Washington D.C., both Congress and the Administration seek to repeal parts of the Dodd-Frank Act of 2010, streamline regulation and reduce compliance costs. In their analysis, the authors address the prominent issues of financial regulation and examine the benefits and drawbacks of the CHOICE Act—the prominent proposal to reform financial regulation—while comparing it to Dodd-Frank.

On Wednesday, March 8, NYU Stern’s Center for Business and Human Rights welcomed Renee Beaumont, partner at Generation Investment Management, for an event entitled “Shifting the Investment Paradigm.” The discussion, which was moderated by Professor Michael Posner, centered around the topic of the changing investment landscape and focused on sustainable long-term investing to create profit for shareholders.

The NYU Stern Center for Global Economy and Business hosted a public talk with Nathan Sheets, former US Treasury Department’s Under Secretary for International Affairs, on the "Implications of President Trump's Policies for the Global Economy."

Excerpt from Law360 -- "Earlier in the day, the petitioning investors called New York University professor Anindya Ghose to testify as an expert in online and mobile advertising. Ghose said that AOL had grown to become much more than an Internet service provider and had made in-roads into the digital marketplace. 'It was much more that a dial-up company,' Ghose said of AOL at the time of the Verizon deal. 'It was a global media tech company.'"

Excerpt from AFP -- "Scott Galloway, who teaches brand strategy and digital marketing at New York University's Stern School of Business, said Uber has little room for further error after these missteps. Galloway, who also founded business intelligence firm L2, said the news about Uber over the past month has been 'very damaging' but may be surmountable."

Excerpt from Bloomberg -- "Any campus is a really interesting social environment where there are multiple moralities, multiple communities competing with each other and drawing recruits. And what we're seeing in the last few years... is the rise of a particular sub-group that is extremely passionate morally about equality, about fighting racism, and that's all great. But they've adopted a way that is kind of vindictive, that is all about calling people out. So people are afraid of them."

Excerpt from the Financial Times -- "[Alter] concludes that not only are humans peculiarly susceptible to becoming hooked to their devices, even if they do not enjoy the experience, but games and social media companies are expert at keeping them enthralled."

Excerpt from Crain's New York Business -- "'Tipping in the U.S. has so many dimensions,' said Priya Raghubir, chair of the marketing department at the NYU Stern School of Business, who added that the practice often isn't rational. 'People will routinely tip a cab driver but won't tip the person who makes up their room in the hotel, because they never see that person.'"

Excerpt from TheStreet.com -- "Anindya Ghose, marketing professor at NYU Stern Business School, predicts that the Alibaba-Paytm relationship is going to directly affect the future of Flipkart and Snapdeal in a non-trivial way. 'An M&A activity between Snapdeal and Alibaba is a solid possibility here, given that their attempt to acquire Flipkart last year did not go through. An acquisition of Snapdeal can be a part of Alibaba's grand plan to take on Amazon in India by strategic stake holdings in leading players of the region,' said Ghose."

Excerpt from Us Weekly -- "I recently read the business book Irresistible by New York University associate professor or marketing Adam Alter."

Excerpt from The New York Times -- "The technology is designed to hook us that way. Email is bottomless. Social media platforms are endless. Twitter? The feed never really ends. You could sit there 24 hours a day and you’ll never get to the end. And so you come back for more and more."

Excerpt from Livemint -- "As Aswath Damodaran says in his recent book, Narrative And Numbers, it would be a fallacy to look purely at numbers without understanding the narrative behind the numbers. Hence the commentary from Indian companies in their post-results analyst calls is probably more important than the reported numbers."

Excerpt from CRN Magazine -- "Solution providers need to look at the clichés, also known as 'best practices,' that make up their business model – and 'invert them, or turn them on their head,' he said. For instance, the channel should look at their current processes in place around interacting with clients, selling services and products, and pricing models."

Excerpt from Poets & Quants -- "This quantity of courses, coupled with its emphasis on experiential learning, sets Stern apart in Sundaram’s view. 'There is an enormous range depending on what students are interested in. That’s a key differentiator for us and it is something that we’re very conscious of deepening and widening as the world around us is changing.'"

Excerpt from Bloomberg View -- "If you look at all of digital marketing, Facebook and Google accounted for 103% of the growth. Now what does that mean? It means that if you aren't Facebook or Google, and you're in digital marketing, officially, the industry is in structural decline."

Excerpt from Marketplace -- "'To comply with regulation usually involves some fixed costs, like you may need to hire a lawyer,' said Lawrence J. White, an economics professor at New York University Stern School of Business. The smaller the bank, the harder it is to pay that person’s salary."

Excerpt from American Banker -- "'I try to get students to think of themselves not only as marketers, but as entrepreneurs. As people who are managing a business,' [Bonezzi] said. 'For sure there is going to be an aspect of communication, the aspect of understanding the psychology of consumers, the aspect of advertising, and all of those things. But besides that there are much more businessey aspects of your job.'"

Excerpt from Paperjam -- "'Many platforms will fail over the next 10 years, but some will succeed and define these new models,' adds Arun Sundararajan."

Excerpt from The Wall Street Journal -- "The health of the job market and the public’s expectation of future price increases may not have as strong an influence on price inflation as many now believe, according to a new paper written by a group of prominent economists."

On March 3, NYU Stern's Luxury & Retail Club and Social Enterprise Association will co-host the annual Think Social Drink Local event. Student and Faculty models will be wearing designs from a variety of designers across the city using sustainable business practices. 

NYU Stern Leadership Development hosted a two-part workshop titled “Intro to Mindful Leadership” in March and April, offered as part of the School’s Mindfulness in Business Initiative. The workshop was led by Janice Marturano, founder and executive director of the Institute for Mindful Leadership.

Excerpt from The Washington Post -- "By the end of his enjoyable yet alarming book, 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' you may be convinced that Alter is right and want to seriously rethink the behavioral addictions in your life."