Experience Stern | News & Events

Excerpt from The New York Times -- "Arun Sundararajan, author of the new book 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism,' said he chose that term for his title because so many people use it. Yet Mr. Sundararajan, a professor at New York University’s Stern School of Business, actually prefers 'crowd-based capitalism,' because a crowd of consumers obtains services by connecting, via a platform, with a crowd of suppliers."

Excerpt from Mundo Empresarial -- "...in their effort to conquer distant lands, companies from developed countries often run into more problems than profits. Awakening to this reality, we are now beginning to observe an exodus from emerging markets."

Excerpt from the Harvard Business Review -- "Jonathan Haidt, Professor of Business Ethics at NYU and founder of Ethical Systems, says, 'It’s important to talk about the positive examples of ethical behavior, not just the bad ones. Focusing on the positive reasons you are in business, and reinforcing the good things people do strengthens ethical choices as ‘the norm’ of the organization.' ... Elizabeth Morrison of New York University, in Encouraging a Speak Up Culture, says 'You have to confront the two fundamental challenges preventing employees from speaking up. The first is the natural feeling of futility — feeling like speaking up isn’t worth the effort or that no one wants to hear it. The second is the natural fear that speaking up will lead to retribution or harsh reactions.'"

Excerpt from The New York Times -- "Opponents of the Affordable Care Act have denounced it bitterly for more than six years, so it is not surprising that, despite the program’s successes, public opinion about it would be divided. Even so, a repeal would unleash the awesome power of loss aversion, among the more deeply rooted human tendencies known to behavioral scientists. Their consistent finding: The amount of effort people will expend to resist being stripped of something they already possess is significantly larger than the effort they will devote to acquiring something they don’t already have.

Excerpt from Triblive.com -- "Here's another way to learn about the 10-dollar founding father without a father: This gorgeous illustrated biography, written by noted Alexander Hamilton scholar Richard Sylla (who's also the chairman of the Museum of American Finance)."

Excerpt from Accepted.com -- "We value IQ and EQ – both intelligence and leadership. Our approach to academics is distinctive: it’s a mixed approach (not just lecture based or case-based, but a mix of approaches). We provide a range of opportunities; our courses are taught by a range of faculty (from Nobel Prize winners to practitioners who teach part time). There’s a lot of flexibility in the program – you can pursue between up to three specializations (or no specialization). And you can take classes overseas, or at other NYU grad schools."

Excerpt from Green Sense Radio -- "We found that there's a variety of different drivers for positive financial performance when you embed sustainability. So operational efficiencies where you reduce energy costs and water costs are a big part of it. But also, you can proactively drive innovation and come up with new processes and new products that can actually create competitive advantage and bring in new sources of funding."

Excerpt from Beat the GMAT -- "The Fertitta Veterans Program, believed to be the only program of its kind at a U.S. business school, will begin in summer 2017 for members of the full-time MBA Class of 2019. The uniquely designed summer session will include an early start on selected coursework; career programming with access to corporations and alumni; engagement with veteran alumni mentors; and social activities."

Excerpt from Politico -- "Companies like IBM, Procter & Gamble and Google have relied on futurists to look at the fringe, map trends and build scenarios for the next 10, 20, 30 and even 50 years of their organizations and industries. Because of futures thinking, IBM — a company that was founded before there were cars, let alone computers — is at the forefront of artificial intelligence, modeling the ways in which our work will be augmented by machines."

Excerpt from VoxEU -- "Fiscal adjustments based upon spending cuts are much less costly in terms of short-run output losses than those based upon tax increases. Adjustments based on tax increases are associated with large and prolonged recessions, whether the adjustment starts in a recession or not. The dynamic response of the economy to a consolidation programme does depend on whether it is adopted in a period of economic expansion, but the size of this source of non-linearity is small relative to the effect that depends on whether the consolidation is tax-based or expenditure-based."

Excerpt from Global Trade Magazine -- "The research on the GCI was led by internationally acclaimed globalization expert Pankaj Ghemawat, who highlighted how emerging economies still lag behind on global connectedness. 'Advanced economies are about four times as deeply integrated into international capital flows, five times as much on people flows, and nine times with respect to information flows,' said Ghemawat."

Excerpt from CNNMoney -- "'Trump is not committed to any ideology. He likes to make deals. In that sense, he is a bit like Franklin Roosevelt,' says Sylla. 'Roosevelt just tried a lot of programs and hoped some of them worked.'"

Excerpt from Bloomberg -- "It comes from New York University Stern school professor -- and all around valuation guru -- Aswath Damodaran. I am all too aware that narrative is often used to distract from numbers, but if anyone can walk that line, it is Damodaran. During our Masters in Business conversation, I was impressed with his common sense, down-to-earth method of valuing companies, both private and public -- so much so that, I was compelled to pre-order his newest book."

Excerpt from CoinDesk -- "The 'very general introduction to the structure of payment systems and the potential uses of distributed ledgers', he continued, 'barely mentions any role for the government, other than the need to consider whether new regulations will be required to fit the potential uses of the technology. ... I think the report is a useful reference but hardly a roadmap for how the industry might evolve,' Yermack added."

Excerpt from CBS News -- "'Well, we trust that they will do what they promise to do. I don’t trust that Uber is telling the truth because I believe in Uber’s good intentions,' Sundararajan said. 'I trust that Uber is telling the truth because it would be really damaging to their long run profits if they were caught in a lie on something like this.'"

Excerpt from Voice of America -- "I think that Airbnb is taking a fairly measured approach to building relationships and growing its market in China... I think it's investing very heavily in trying to do things in a way that are tailored to how business works in China, as opposed to going in with a strategy of 'Okay this has worked elsewhere in the world, I'm just going to replicate what I've done in other places."

Excerpt from the Daily Mail -- "Research by Dr Sivanathan and his co-author Nathan Pettit, Assistant Professor of Management and Organisations, NYU Stern School of Business, found purchasing luxury goods on credit is especially attractive to those who have low self-esteem."

Excerpt from The New York Post -- "Indeed, server reliability is something that can, to a large extent, be purchased, notes Vasant Dhar, a professor of data science at NYU’s Stern School of Business. 'It shouldn’t be that much of a big deal to plug and play your systems at this stage of development,' Dhar said."

Excerpt from Just Style -- "Of the 479 factories surveyed by Stern School researchers in 2015, around one-third were informal sub-contractors. On average they employ around 55 workers, often focusing on a single specialised process, such as sewing, washing, dying or printing."

Distinguished academics from around the world will convene to share their research in the rapidly evolving field of network economics at the 2016 NET Institute Conference, held in partnership with NYU Stern’s Center for Global Economy and Business.

Excerpt from Consumer Reports -- "'There’s just something painful about taking money out of your wallet,' says Priya Raghubir, professor of marketing at New York University. When you hand over cash or a check, you part with something of value. Yet after you swipe a credit or debit card, you put the same object back in your wallet. Paying feels less real, which encourages more spending."

Excerpt from BNN -- "Gold fixing was set through, up to a couple of years ago, by 5 banks who private discussed the prices of gold through an auction without any independent oversight by anybody. Not disclosing it to the public they were competitors. And so, this is a setting that is normally not allowed, this type of private information among competitors and they were trading at the same time. So they had the opportunity to know market movement ahead of time. And they also had the opportunity to set the prices themselves."

On December 8, NYU Stern hosted the second installment of the "In Conversation with Mervyn King" series featuring Michael Lewis, best-selling author of Liar's Poker, Moneyball, The Blind Side and Flash Boys, on his new book The Undoing Project: A Friendship that Changed Our Minds. 

Excerpt from Judicial Watch -- "Recent data, cited by David North of the Center for Immigration Studies here and here, suggests that about 56% of EB-5 funds—more than $10 billion—went to the city, mainly Manhattan. Mr. North drilled down into a study by two New York University scholars, Jeanne Calderon and Gary Friedland, who painstakingly compiled data from 52 large EB-5 projects nationwide."

Excerpt from Mashable -- "Services like Uber have strong local network effects, meaning that as they gain traction in New York, they become more valuable in New York. But gaining traction in New York doesn't do too much for consumers in San Francisco or consumers in Los Angeles. And we've also noticed that drivers are able to connect to multiple platforms pretty seamlessly. Most Uber drivers in New York drive for Lyft or drive for Juno, as well. Or drive for Via or drive for one of the many other platforms. So I think it's becoming clear that the economics as things stand today, largely urban areas, cars driven by human drivers, in that scenario, we're not certainly on our path to one dominant platform because of the natural underlying economics."