Experience Stern | News & Events

Excerpt from The Chronicle of Higher Education -- "Listening to a topic like game theory in a bar made it seem less forbidding, said Makeda Yohannes, a Columbia freshman. The talk on game theory was delivered by Adam M. Brandenburger, a professor of business economics and strategy at NYU who spoke from behind a foosball table."

Excerpt from The New York Times -- "'My estimate is that we are considerably better off than we would have been had the program not been implemented,' said Luís Cabral, a Portuguese economist and professor at New York University. 'The death spiral that was predicted for the Portuguese economy failed to materialize.'"

Excerpt from CNBC -- "Nouriel Roubini, the chairman of Roubini Global Economics a professor at the Stern School of Business at New York University, warned that global central banks could cause the next crisis if they continue to use monetary policy to stimulate growth. 'The risk is that they exit too late and they cause the mother of all bubbles," Roubini said. "We saw what happened last time around: Every boom and bubble eventually leads to a bust and a crash.'"

Excerpt from The Boston Globe -- "Cryptocurrencies—virtual tokens that are generated through complex mathematical computing feats and traded online—are at an inflection point. There are more than 200 currently ranked on the website Crypto-Currency Market Capitalizations, with some 10 to 20 new ones, David Yermack of NYU’s Stern School of Business said, appearing every week."

Excerpt from Smart Company Australia -- "Drawing on a number of studies, Alter put forward the case that bursts of ‘artificial complexity’ can shake people out of their stupor. In a sense, the occasional wave in otherwise flat surf can force us to concentrate a little harder."

Excerpt from The Michael S. Robinson Show -- "Corporate social responsibility usually works well when it's also in the company's interest to do exactly what it is doing. A great example is Gap. Gap sources a lot of its clothes and materials and so on from Africa, so they had a CSR intiative towards improving the health of villages where they source some of their materials, which is a really good idea because it reduces some of their own healthcare spending, it reduced turnover in the company, it reduced employee mortality, all of which improved their bottom line in the longer term, but it was also extremely helpful to the community."

Excerpt from The Wall Street Journal -- "Renters, for example, don't pay property taxes, homeowner's insurance and, in most cases, maintenance costs. These expenses can cost homeowners about 3% of the price of their home annually, experts say. While those costs can be folded into monthly rent, apartment renters often pay a smaller share as landlords spread the costs among many tenants, says Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University."

Excerpt from Financial Times -- “'These companies are hot on the heels of Instagram, and keen for first-mover advantage in the nascent field of visual social commerce,' says Scott Galloway, founder of L2. 'Regardless, Instagram remains head and shoulders above the competition. In under two years, it has become the most powerful social media platform for visual-based branding in the world,' he said."

Excerpt from The Atlantic -- "In fact, as Michael Spence's research has shown, about 90 percent of job growth went to such 'untradable' sectors between 1990 and 2007. These industries are mostly gaining jobs, not shedding them."

Excerpt from The Wall Street Journal -- "One of the best papers on the subject is Data Science and Prediction by Vasant Dhar, professor in NYU’s Stern School of Business and Director of NYU’s Center for Business Analytics. The paper was published in the Communications of the ACM in December 2013. 'Use of the term data science is increasingly common, as is big data,' Mr. Dhar writes in the opening paragraph. “But what does it mean? Is there something unique about it? What skills do data scientists need to be productive in a world deluged by data? What are the implications for scientific inquiry?"

Excerpt from USA Today -- "With the inundation of online ads, marketers are realizing that their standard ways of advertising are not always effective, said Anindya Ghose, marketing professor at NYU's Stern School of Business. 'I think we will see more of these novel, interactive ads in the next few years,' Ghose said."

Excerpt from Fox Business -- "I'd want to see the results of some small-scale experiments. I think it's great you've got these pilots lined up, but I think they're going to be really important. You've got to ask what resources do you need to complete these pilots, what questions do you need answered, and how do you measure the success of these mini-pilots, because that's going to dictate how you scale this up."

Excerpt from New York Daily News -- "The city would have also lost interest — about $175,000 worth — on the $300 million if they had let the money go, according to Professor Robert Whitelaw, the chair of the finance department at NYU’s Stern School of Business."

Excerpt from Real Simple -- "Blue may reduce criminal behavior. After officials near Kyoto, Japan, installed blue streetlights in dangerous neighborhoods in 2005, the overall crime rate fell by 9 percent. It turns out, says Alter, that 'the lights mimic those atop police cars and seem to imply that the police are watching.'"

Excerpt from The Real Deal -- "Even if those suits just get settled, Ackman stands to recoup some of his investment, said Lawrence White, a professor at New York University’s Stern School of Business who also co-authored 'Guaranteed to Fail,' a 2011 book critical of Fannie and Freddie. 'The shareholders are there, and I think they’ve got a pretty good story to tell, about why they should be entitled to a share of the profits,' White said. 'The shareholders will end up with something.'"

Excerpt from Re/code -- “You either pay to play or you go out of business. … It’s slowly sucking the air out of all the other big e-commerce players.”

Excerpt from The Huffington Post -- "'Cities have to consume a certain amount of land and citizens decide that,' he said. 'It's the transport system that has to adapt to the structure of the city. Do not expect the city to adapt to your transport system.'"

Excerpt from Project Syndicate -- "The disputes between China and several of its neighbors over disputed islands and maritime claims (starting with the conflict with Japan) are just the tip of the iceberg. As China becomes an even greater economic power, it will become increasingly dependent on shipping routes for its imports of energy, other inputs, and goods. This implies the need to develop a blue-water navy to ensure that China’s economy cannot be strangled by a maritime blockade."

Excerpt from The New York Times -- "In 2011, Aswath Damodaran, who teaches finance at New York University, found that biotech and drug companies on average paid corporate tax rates under 6 percent, while some companies whose profits come from unmovable stuff — like integrated petroleum firms and electric utilities — paid over 30 percent."

Excerpt from Al Jazeera -- "A large part of what's driving the sharing economy isn't just economic... but it's a desire to form genuine connections with other human beings as a part of everyday consumption of goods and services."

Excerpt from CNBC -- "If there is a politician who is courageous enough to take on this challenge, here is my advice. First, keep the new tax law simple since complexity is guaranteed to bring with it unintended (and bad) consequences. Second, remember that the tax code is first and foremost a revenue-generating device and not an instrument for social change or punishing bad behavior."

Excerpt from The Wall Street Journal -- "The sport draws writers, engineers, even a Nobel Prize-winning economist: Robert Engle, a New York University professor and avid ice dancer. 'It's a great sport,' says the 71-year-old laureate, putting a positive spin on his pastime. It's a good way to get exercise and it 'clears your mind,' he says."

Excerpt from Bloomberg -- "Overall, the global economy is recovering. The average advanced economic growth is two percent this year, rather than one...It has been a bumpy time for many emerging markets, but on average they're going to still grow five percent, so there is a recovery of the global economy, but I would say there's a whole bunch of risk."

Excerpt from Voice of America -- “'One of them is higher productivity of U.S. labor aided by advancements in computer technology,' said Natalia Levina of New York University. 'Other reasons might be the need to keep inventory levels low [which] means that manufacturing has to be close to consumption.'"

Excerpt from Wall Street Oasis -- "We are VERY pleased to announce that the legendary Professor / Author / Blogger Aswath Damodaran will be the keynote speaker at the 2014 WSO Conference (Sat June 28th in NYC) along with speakers Josh Rosenbaum and Gene Rubio."