Experience Stern | News & Events

Excerpt from Bloomberg -- "The behavior of wealthier households can have an adverse effect on less-wealthy people, Robert Frank, a Cornell University economist, wrote in an e-mail, describing the phenomenon as a 'positional arms race.'"

Excerpt from Bloomberg Businessweek -- "Simon Bowmaker, a clinical associate professor of economics at New York University’s Stern School of Business, takes a look at how 21 economists at top U.S. universities view their profession in his new book The Heart of Economics"

Excerpt from Psychology Today -- "Since we know that people are more likely to donate to hurricanes that share their first initials, the World Meteorological Organization has the power to increase charitable giving just by changing the composition of its hurricane name lists."

Excerpt from Psychology Today -- "...the more pain people felt when viewing how much an object cost – the less likely a person would be to subsequently buy that object when given the chance. The pain of paying, then, can be an effective way to ensure that we don’t overspend. But, it can also take away from an otherwise pleasurable experience..."

Excerpt from Bloomberg -- "In the Euro-zone, the slow-motion train wreck could become a faster-motion train wreck."

Excerpt from The New York Times Campaign Stops blog -- "Michael Spence, a professor at N.Y.U.’s Stern School of Business, and David Autor, an economist at M.I.T., have argued that this 'hollowing out' process is a result of twin upheavals: globalization and the hyper-acceleration of technological progress."

Excerpt from Examiner.com -- "When a school teaching business breaks down the business of Broadway, the importance of arts making monies is brought to new light by our highly educated respected leaders."

Excerpt from The Economist -- "Rosa Abrantes-Metz of NYU’s Stern School of Business was one of a group of academics who, in 2009, raised the alarm that something fishy was going on with LIBOR. One simple change, she proposes, would be significantly to raise the number of banks in the panel. The theoretical changes needed to repair LIBOR are not difficult, but there are practical challenges to reform."

Excerpt from Crain's New York -- "A majority of New York City hospitals scored below the halfway mark in an August 2012 edition of Consumer Reports ranking more than 1,000 hospitals nationwide on patient safety. But the results can twist how hospital administrators prioritize improvements, said Heski Bar-Isaac, a professor of economics at the Rotman School of Management at the University of Toronto. 'If the rankings aren't counting absolutely everything, then they might be pushing investments and performance in certain directions,' he said."

Excerpt from Bloomberg -- "'Europe’s problem is that it’s running out of time,' he [Schoenholtz] said. 'The question isn’t whether it’s plausible to imagine a Hamiltonian solution. The question is whether it’s plausible to imagine one that can be organized in the time that monetary union has.'"

Excerpt from Chicago Tribune -- "In each instance, it seems reasonable to make a budgeting exception given the special nature of the spending and the low likelihood that a similar situation will recur any time soon," says the study in the Journal of Consumer Research. "Independently, each of the events described puts a temporary dent in a budget; together, they can have substantial consequences for long-term financial planning."

Excerpt from American Banker -- "'It looks like a free lunch until it isn't. And that's the whole essence of Fannie and Freddie,' White said. 'They were making mortgages a little less costly, and there was no apparent budgetary consequence. This was a politician's dream.'"

Excerpt from MSNBC -- "'A bank’s board can only defend you to the death for a short time,' Smith said. 'After that, the board will say it’s you or us, and so they’ll undercut you. Boards tends to get very skittish when their reputation is at risk.'"

Excerpt from Journal of Applied IT and Investment Management -- "Today’s global financial problems are probably as severe as those faced in the early 1930s. Time will tell. But the top tier of global financial institutions are far bigger than they were back then."

Excerpt from The New York Times -- "What’s important now is how the health care sector will evolve under the new framework. And here, there are grounds for optimism. While the effects of the court’s Medicaid restrictions aren’t entirely clear, the law will certainly extend coverage to tens of millions who now lack it."

Excerpt from The Japan Times -- "'What we have come to realize is that the world is changing too fast and that globalization means that no competitive advantage is sustainable in the long run,' [Wiesenfeld] said. 'We are now trying to teach organizations how to be ambidextrous, which in the context of innovation means to both cut costs and be efficient and deliver quality on one hand, and at the same time be constantly exploring and looking for new ideas and innovations on the other.'"

Excerpt from The Economist -- "Research led by Alexander Ljungqvist of New York University’s Stern School of Business has shown that VC firms in influential network positions perform better, as they have more opportunity to take part in syndications. The moral seems to be that investors should make friends easily, but not invest for friendship’s sake alone."

Excerpt from CFO Magazine -- "As Aswath Damodaran, professor of New York University defines it, the ERP is the 'extra return that investors collectively demand for investing their money in stocks instead of holding it in a riskless or close-to-riskless investment.'"

Excerpt from The Wall Street Journal -- "Nobody who engages in political argument, and who isn't a moron, hasn't had to recognize the fact that decent, honest, intelligent people can come to opposite conclusions on public issues. Jonathan Haidt, in an eye-opening and deceptively ambitious best seller, tells us why. The reason is evolution."

Excerpt from Forbes -- "Our updated bottom-up results through the end of 2011 are startling and highly indicative of the profound deterioration of all European nations in just one year, with Italy and France 'leading the way' down."

Excerpt from Bloomberg Businessweek -- "'Clearly, the bigger you get, the harder it is to generate alpha,' says Jim Liew, a professor of hedge fund strategies at New York University’s Stern School of Business."

Excerpt from Europe Central Bank -- "Without doubt, Lasse Pedersen has been one of the leading minds that have re-shaped our thinking about financial markets, as his contributions during the past decade have greatly improved our understanding of the driving forces behind systemic financial crises and the propagation of liquidity shocks across markets and throughout the economy."

Excerpt from Bloomberg TV -- "This isn't a great business but even to call it a split is somewhat generous to the print company. This is more like a shedding because if you look at the likely market cap of the print co it's probably going to be somewhere in the range of about 3 billion which is about half of what Rupert paid for just the Wall Street Journal a few years ago."

Excerpt from CNBC Squawk Box -- "Facebook knows more about people than anyone else. People have provided that data voluntarily so that's a tremendous resource that they can monetize."

Excerpt from Bloomberg TV -- "At some point the Germans are going to decide, do I take the credit risk of backstopping Italian and Spanish debt in exchange for some loss of national fiscal sovereignty by Italy and Spain in which case the Eurozone has a chance to survive or otherwise this thing may be dissolved in the next few months."