Experience Stern | News & Events

Excerpt from New Scientist -- "Random selection of who gets the message allowed the researchers to avoid common pitfalls in measuring influence, such as homophily bias – the principle that we tend to make friends with people like ourselves. 'If two friends adopt a product one after the other, current methods have a hard time distinguishing whether it is because of peer influence, or rather that the friends simply have similar preferences,' explains Aral."

Excerpt from CNBC -- "I share the chairman's view. They're not really out [of ammunition], but they're cautious about using their most powerful tools. And they should be."

Excerpt from Financial Times -- "'Now it is no more than 50-50,' [Altman] told the 2012 International Risk Management Conference in Rome. 'Italy is the fulcrum country. Italy is under the scrutiny of the markets. Italy is too large to save,' he added."

Excerpt from Forbes India -- "A recent study led by Professor Arun Sundararajan of the NYU Stern School of Business showed that almost 56% of the now 200 million enrolees of the Unique Identification Authority of India (UIDAI) programme did not have portable identities before."

Excerpt from The Globe and Mail -- "'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,' the authors Abigail Sussman, a doctoral candidate of psychology at Princeton University, and Adam Alter, an assistant professor of marketing at New York University, wrote."

Excerpt from Project Syndicate -- "After all, restoring stability and growth is only partly about reviving short-term aggregate demand. It is also about structural reform and re-balancing, which comes at a cost."

Excerpt from Bloomberg TV -- "I'd say the probability of Italy making it is 50/50 at best ... but its the last hope for the euro staying together."

Excerpt from Bloomberg -- "'That increased the monopoly power of Moody’s and Standard & Poor’s and Fitch,' said Richard Sylla, a financial historian at New York University’s Stern School of Business .. 'It was a bad move on the part of the government. It was a big favor to the rating agencies.'"

Excerpt from Bloomberg -- "With bank runs already under way, the immediate requirement is a euro-area Troubled Asset Relief Program like that used in the U.S. to clean up the banks during the 2008 financial crisis. The existing European Financial Stability Facility and the anticipated European Stability Mechanism aren’t up to the challenge."

Excerpt from Financial News -- "Two things need to be done urgently: to secure the necessary ratification of the eurozone countries to authorise the European Stability Mechanism and to allocate a portion of its €500bn fund to a new deposit insurance fund similar to the Federal Deposit Insurance Corporation in the US."

Excerpt from Crain's New York Business -- "For Lawrence White, the Robert Kavesh professor of economics at NYU's Stern School of Business, the central issue is the state of the economy, which he sees strengthening over the next two years. And with that improvement, banks' willingness to lend to small business will also increase, both nationally and in New York City."

Excerpt from The Huffington Post -- "'Asking companies to remain neutral is a realistic tactic. The fact that many companies aren't doing it is quite meaningful,' Schenkler continued. 'Corporations are rarely in the forefront of raising banners to change the world.'"

Excerpt from The Wall Street Journal -- "'My father was in the academic world and was also a partner in a merchant bank in Toronto,' [Spence] says. 'He was part academic, part practitioner. He had a very rigorous mind, made sure I learned math as a kid.'"

Excerpt from Barron's -- "Two years ago, Altman and Amsterdam-based professor Herbert Rijken hatched a model that makes a 'bottom-up' prediction of sovereign risk. Their 'Z-Score' model aggregates the average probability of default of listed nonfinancial and financial companies, whose health is central to that of the sovereign. Altman's model correctly predicted Europe's current hierarchy of risk: Spain and Portugal on the bottom, with Italy a bit higher."

Excerpt from Variety -- "Simonoff and colleagues ... looked at Tony wins in what they considered "major categories" -- musical, tuner revival, play, play revival, director and lead actor and actress. Sure enough, they found that each Tony in one of those categories is associated with a 50% longer expected run, while a nom without the win was associated with a 30% longer expected lifespan."

Excerpt from Bloomberg TV -- "Well I think that the European integration has to move quickly and create a guarantee for the deposits of depositors in any European country by the ECB and not by the national banks. Because people will lose credibility. The national banks have lost credibility."

Excerpt from Project-Syndicate -- "Compared to 2008-2009, when policymakers had ample space to act, monetary and fiscal authorities are running out of policy bullets (or, more cynically, policy rabbits to pull out of their hats). Monetary policy is constrained by the proximity to zero interest rates and repeated rounds of quantitative easing."

Excerpt from Fox Business -- "'A decade isn’t very long in human history,' said Richard Sylla, an economist and financial historian at NYU who said the euro can be classified as 'kind of a failure.'"

Excerpt from CNN -- "On Broadway, 'There's that suspension of disbelief that you go in with,' Simonoff added. 'You know it's on a stage. When you watch a movie, there's still some suspension of disbelief, but it feels more jarring when people suddenly burst into song.'"

Excerpt from The Wall Street Journal -- "Assuming that rationality prevails on Sunday, a new Greek government—most likely a coalition government—will recommit to the euro and to Greece's existing debt agreements by the end of the month."

Excerpt from The Huffington Post -- "If EMU policymakers wish to preserve the euro, they will need a Hamiltonian solution, including both fiscal burden-sharing to halt the crisis and conditionality (or fiscal and financial rules) to prevent another crisis and avoid a persistent wealth transfer to peripheral EMU members."

Excerpt from Harvard Business Review -- "In 2005, Professor Dolly Chugh of the Stern School of Business at New York University and I coined the term "bounded awareness" to refer to the systematic human tendency to fail to perceive and process important information that is easily available to us."

Excerpt from Financial Times -- "In a study last year, academics Thomas Philippon and Ariell Reshef found that during two eras of financial market euphoria – the 1920s and from 2000 onwards – the finance sector paid a “wage premium” of 70 per cent above the private sector average."

Excerpt from Xinhua -- "If the country does not cut government expenditure by a few point percentage points there is a real danger that the country is going to have to ask for help from the European authorities and the IMF. The Italian economy is about 50 percent bigger than Spain so we are talking about serious financial concerns for the EU. I mean, Italy going down can reasonably lead to the Euro one going down."

Excerpt from the Australian Financial Review -- “'Regardless of the direction of causation, the movement of a company’s aircraft to and from a CEO’s vacation residence provides a very visible signal of pending news announcements and silences,' [Yermack] writes in his study, published by the National Bureau of Economic Research."