Faculty News

Prof. Hal Hershfield's research on saving for retirement is highlighted

TIME logo
Excerpt from TIME -- " ... Ersner-Hershfield [have] come up with an imaginative way, by taking pictures of subjects and running them through software that adds 30 years to their age. People who see the self of tomorrow and then participate in a simulated 401(k) exercise put away more money than those who haven't gotten a glimpse of the person who awaits them three decades hence."
Faculty News

Prof. Joseph Foudy on the US manufacturing industry

Wall Street Journal logo
Excerpt from The Wall Street Journal Japan -- "Mr. Foudy ironically, currently, China also have the same problem. Both in the U.S., even if it has a bachelor's degree, many low-skill workers, fewer personnel he experienced moderate skill and technical knowledge. Company would have no choice but to increase the investment in vocational education and training. In any case, the story of the long-term in the span 10 to 20 years (Translated from Japanese) ."
Faculty News

Research by Prof. Thomas Philippon finds the finance is industry inefficient

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Excerpt from The Huffington Post -- "Philippon's conclusion -- based on an analysis of the financial sector's output in recent decades, as well as what its workers have been collecting in profits and wages -- is that high finance is highly inefficient."
Faculty News

Prof. Scott Galloway says publishers must embrace Facebook

Excerpt from Women's Wear Daily -- "Galloway said publishers should be spending more with Facebook because it’s the least expensive way to target a young, affluent audience."
Faculty News

Prof. Arun Sundararajan on Google's privacy changes

Excerpt from InformationWeek -- "I see it as a move where Google is reducing its own risk. But I'd like to see them be more forthright in spelling out what they will and won't do with customer data."
Faculty News

Nobel Laureate Prof. Michael Spence on the rise of service jobs

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Excerpt from The Atlantic -- "Health care and government alone accounted for 40 percent of that growth, according to economist Michael Spence."
Faculty News

An interview with Prof. Baruch Lev on his new book, "Winning Investors Over"

Excerpt from IR Update -- "Over the years, listening to corporate executives and observing what they do, I have concluded that many are captive to a web of misperceptions about the workings of capital markets."
Faculty News

Prof. Vicki Morwitz on retail pricing tricks

Excerpt from SmartMoney -- "'A high-end restaurant will charge $32 for a steak because it makes it seem more luxurious than a steak for $31.99,' [Morwitz] says."
Faculty News

Prof. Jonathan Haidt is featured for his book, "The Righteous Mind"

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Excerpt from NPR -- "In 'The Righteous Mind,' Jonathan Haidt ... a moral perspective, he argues, is a feature of our evolutionary design. Morality has made it possible for human beings — unlike any other creatures — to forge large, cohesive, cooperative groups."
Faculty News

Prof. Xavier Gabaix on Wall Street bonuses

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Excerpt from MarketWatch -- "'Those numbers are just cash bonuses, but you don’t have the full compensation,' said Xavier Gabaix ... 'The comptroller should absolutely report deferred compensation. Otherwise, it’s hard to interpret the results.'"
Faculty News

Prof. Thomas Philippon's research on finance's share of GDP is cited

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Excerpt from Reuters blog -- "Thomas Philippon, a professor at New York University, has shown that the share of U.S. national income dedicated to finance has fallen only slightly since the crisis, when it was at its highest since records began in 1865."
Faculty News

Prof. Paul Romer is highlighted for first proposing the concept of meta-ideas

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Excerpt from WIRED -- "The secret, it turns out, is the presence of particular meta-ideas, which support the spread of other ideas. First proposed by economist Paul Romer, meta-ideas include concepts like the patent system, public libraries, and universal education."
Faculty News

Prof. Nouriel Roubini on global economic risk

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Excerpt from BBC blog -- "Nouriel Roubini thinks the oil price spike out of the Arab revolts could push the world economy into stagflation. There is also the risk that currency war breaks out into open trade war."
Faculty News

An op-ed by Prof. Baruch Lev on the benefits of giving advance notice of corporate earnings

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Excerpt from The Wall Street Journal -- "By sharing information with the market, companies reduce investor uncertainty and prevent stock prices from swinging wildly upon unexpected bad news."
Faculty News

Research by Profs John Asker and Alexander Ljungqvist on investment behavior is cited

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Excerpt from The New York Times -- " ... evidence of managerial bias is provided by a recent comparison of the investment behavior of otherwise similar public and private companies between 2001 and 2007 by the economists John Asker, Joan Farre-Mensa, and Alexander Ljungqvist, published by the National Bureau of Economic Research."
Faculty News

A paper by Prof. Xavier Gabaix on executive compensation is highlighted

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Excerpt from The Wall Street Journal -- "In a paper with Xavier Gabaix and Tomasz Sadzik of New York University and Yuliy Sannikov of Princeton, we show that optimal compensation packages involve long vesting periods."
Faculty News

Prof. Sinan Aral's research on Facebook-app adoption is cited

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Excerpt from Advertising Age -- "Internet-specific evidence on the importance of personalized messages was observed by New York University Professor Sinan Aral, in a rare experimental study of Facebook-app adoption."
Faculty News

Prof. Gavin Kilduff's research on rivalries is featured

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Excerpt from The Boston Globe -- "When runners raced against one or more rivals, [Kilduff] found, they sped up — increasing their average speed by five seconds per kilometer. They got a clear performance benefit."
Faculty News

Prof. Aswath Damodaran on how stock splits impact a company's value

Excerpt from Bloomberg Businessweek -- "'Stock splits are empty gestures,' says Aswath Damodaran, a finance professor at NYU’s Stern School of Business. He says lowering stock prices can enlarge the pool of potential investors; with more investors bidding for a stock, the price can go up."
Faculty News

In an op-ed, Prof. Michelle Greenwald says the user experience can make or break a business

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Excerpt from Inc. Magazine -- "All businesses, whether big or small, should go to the trouble of learning those little things that customers value above and beyond the basic product or service."
Faculty News

People with easy-to-pronounce names are likely to be favored according to Prof. Alter's research

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Excerpt from WIRED -- "'When we can process a piece of information more easily, when it’s easier to comprehend, we come to like it more,' said psychologist Adam Alter of New York University."
Faculty News

Faculty News

Prof. Aswath Damodaran on the current management of Facebook

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Excerpt from MSNBC -- “Right now you have a situation at Facebook where there’s a benevolent dictatorship, but my concern is they tend to become malevolent dictatorships, and that can hurt you when it comes to the pinch."
Faculty News

Prof. Sinan Aral will discuss social networks at the NYC Re-working conference on 2/24

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Excerpt from Forbes -- "NYU’s Sinan Aral will close the day with a discussion about social network analysis and what it reveals about how we really work. Yes, Twitter and Facebook are changing the way you turn up at your desk."

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