Experience Stern | News & Events

Excerpt from Harvard Business Review -- "The economist Paul Romer is credited with leading the new growth theory, which holds that growth has no natural limits because the capacity for technological innovation is unlimited. Investments in human capital increase rates of return, in his view."

Excerpt from CNN -- " ... every known religion has some sort of rite or procedure for taking people out of their ordinary lives and opening them up to something larger than themselves. It was almost as if there was an "off" switch for the self, buried deep in our minds, and the world's religions were a thousand different ways of pressing the switch."

Excerpt from The New York Times -- " ... even when unconstrained, price movements are often insufficient to clear markets, as pointed out by George Akerlof, A. Michael Spence and Joseph Stiglitz in work that garnered them the Nobel Prize. This outcome is particularly likely in markets where both sides of an economic transaction have differing sets of information, like in the credit market."

Excerpt from All You Magazine -- "Research [by Professor Priya Raghubir] shows that you might be less likely to break a $50 bill for a spur-of-the-moment purchase than smaller currency."

Excerpt from Barron's -- "'Income taxes were quite low, and most people didn't pay them at all,' says Richard Sylla, professor of economics and financial history at NYU's Stern School of Business. Wages were much lower, too."

Excerpt from Fox News -- Professor Aaron Tenenbein discussed the recent Mega Millions jackpot in an exclusive interview with Fox News.

Excerpt from Financial Times -- "From their findings [Chugh and co-authors] suggest that men in traditional marriages are more likely to consider companies that have women leaders to be relatively unattractive and are also more likely to deny qualified female employees opportunities for promotion."

Excerpt from Financial Times -- "Prof Pedersen and Frazzini found this anomaly works in every market they tried. In all cases, taking less risk leads to higher returns relative to the amount of risk taken."

Excerpt from CNBC -- “The euro zone needs a real depreciation in the periphery to achieve the restoration of growth, external balance and competitiveness. ... The periphery needs to have the euro closer to parity with the US dollar.”

Excerpt from Financial Times -- "Mr Pojarliev and co-author Richard Levich conclude: 'We find no evidence to support alpha persistence; a manager’s alpha in one year is not significantly related to his alpha in the prior year. On the other hand, there is substantial evidence for style persistence; funds that rely on carry, trend or value trading or with a long/short bias toward currency volatility are likely to maintain that style in the following year.'"

Excerpt from TIME -- "If the human capacity for self-transcendence is an evolutionary adaptation, then the implications are profound. It suggests that religiosity may be a deep part of human nature."

Excerpt from Minyanville.com -- "I had the pleasure of listening to a webinar presented by Professor Marti Subrahmanyam of the NYU Stern School of Business last week. Some of the incentives created by CDS include what is referred to as an “empty creditor” problem; this is someone who is both long the bond and the CDS protection and therefore has no net economic exposure."

Excerpt from MarketWatch -- "Altman expanded his Z-score to a family of formulas to expand its application beyond publicly held manufacturing companies. Z-score, Z-prime and z-double prime can be used for public and private companies for manufacturing and non-manufacturing. Now it is more available and easier to use than ever."

Excerpt from Financial Times -- "Two influential academics were also included, both of whom have argued in favour of speed trading. ... Joel Hasbrouck of the New York University Stern School of Business co-authored a paper finding that high-speed trading 'improves traditional market quality measures.'"

Excerpt from The Huffington Post -- "This article suggests something citizens can do to spur these needed discussions and to make visible what corporations are actually doing and the effects of their actions."

Excerpt from SmartMoney blog -- "'You can teach yourself to be more mindful,' [Morwitz] says. 'After losing my favorite hat in a taxi, I now mindfully check the taxi seat every time after I get up and before I close the door.'"

Excerpt from Bloomberg Business -- "Viral Acharya and T. Sabri Oncu of New York University’s Stern School of Business detail the risks in the repo market."

Excerpt from The New York Times -- "In 'The ­Righteous Mind,' Haidt seeks to enrich liberalism, and political discourse generally, with a deeper awareness of human nature. Like other psychologists who have ventured into political coaching, such as George Lakoff and Drew Westen, Haidt argues that people are fundamentally intuitive, not rational."

Excerpt from Le Temps -- "'It's hard to believe that eighteen banks have had interest, exactly the same time, to see the Libor decrease or increase,' says Rosa Abrantes-Metz. ... 'In terms of investment and risk reduction, it is a huge advantage to know in advance which way the rates evolve the next day (French to English translation).'"  Additional coverage appeared in La Tribune and MLex Magazine.

Excerpt from Reuters -- "'The number one score [on L2 Think Tank's Digital IQ Index: Hotels report] by Four Seasons reflects the brand's robust presence on social media platforms coupled with what we believe is the best website in the industry,' said Scott Galloway, L2 founder."

Excerpt from Reuters -- "'There has been extraordinary growth in the 1 percent,' Frank said. 'Ordinary people don’t want to emulate them, but what happens is that the people who are next to them want to emulate them, and so on. That social cascade ultimately explains why the middle-class home got 50 percent bigger in the past three decades.'"

Excerpt from Reuters -- "You've got trailers for the web, you've got games for the iPhone, you've got Twitter, you've got Facebook and they did one clever thing: they had a contest, they invited some fans to the set to get them involved so these kids are really honored to be there and they want to tell everyone else."

Excerpt from Fast Company -- "When you market from the other end of the funnel, everything is flipped in what Procter and Gamble calls “store back” marketing. The brand narrative, brand values, social media engagement, even TV commercial impact come AFTER the purchase, so they solidify rather than precondition the brand-customer relationship. In this model, shopper marketing cues must be mastered as the main trial generator."

Excerpt from The Huffington Post -- "'When US production goes up, the price of gas 'is certainly not going down,' Melnick said. 'The data does not suggest that whatsoever.'"

Excerpt from The Wall Street Journal -- "The findings show there is a strong psychological reward for those who perceive themselves to be of higher status, says Nathan Pettit, the study's lead author."