Experience Stern | News & Events

Excerpt from Reuters -- "While open to a certain level of interpretation, the guidance on 'unfair' and 'deceptive' practices should be clear enough for the insititutions."

Excerpt from The New York Times -- "Hal E. Hershfield, an assistant professor of marketing at the Stern School of Business at New York University, said the campaign would be more effective if it offered more than 14 videos..."

Excerpt from Financial News -- "The board’s new leadership team will, most importantly, have to decide the future course of the bank – to stick with Diamond’s strategy, or pull back to a less risky, less prominent role."

Excerpt from SmartMoney -- "The good news, says Anindya Ghose, co-director of the Center for Digital Economy Research at the NYU Stern School of Business, is that savvy citizens are already using the digital era's overwhelming supply of data to their benefit -- finding better deals, unearthing smarter investments and holding companies accountable."

Excerpt from Bloomberg Businessweek -- "The underlying economic forces are partially independent of policy choices. I don’t think that if [John] McCain had been elected, the economy would be any better than it is today."

More than 100 scholars from around the world gathered at NYU Stern for the 2012 International Society for Utilitarian Studies (ISUS) conference themed, “Utilitarianism: Exploring the Past, Looking to the Future.” Sponsored by NYU Stern, with generous support from the Citi Foundation and Daniel & Nancy Paduano, the ISUS conference featured discussions and research on utilitarianism and its historical development, as well as its present-day relevance in such fields as ethics, politics, law, economics and public policy.

Does focusing managers on the power they wield give rise to bad management? According to new research from professors at NYU Stern and Cornell, managers who have a heightened sense of their power treat others less fairly compared to individuals who see themselves as less powerful. But when it comes to self-perceptions of status, the roles reverse.

Excerpt from The New York Times Dealbook -- "'Fewer players in the mortgage origination business means higher profit margins for the remaining ones,' said Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University."

Excerpt from Financial Times -- "William Silber’s forthcoming biography of former Federal Reserve chairman Paul Volcker sits alongside Walter Isaacson’s life of the late Apple chief executive Steve Jobs."

Excerpt from Xinhua -- "In the next 3 months, given the amount of refinancing that the central government needs, if they keep on borrowing at this rate, the spreads are going to grow further and further and the country is going to ask, as it happened to other countries before, for the help of the IMF."

Excerpt from HBS Working Knowledge -- "We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends."

Excerpt from EconoMonitor -- "In our new paper — 'The Making of America’s Imbalances' — we examine the evolution of sectoral financial balances in the US economy in the past 50 years using the Flow of Funds accounts. Specifically, we look at the changes in the financing flows among the different sectors of the US economy – households, business, government and the rest of the world."

Excerpt from The Wall Street Journal -- "It just is a bit of a struggle in the beginning to get enough out there where it starts to have a feel and starts to attract more people."

Excerpt from MSN Money -- "'Though every month contains a few (such expenses), none is ever budgeted for. In isolation, each expense seems exceptional . . . but in aggregate these expenses occur frequently enough that they put a large dent in an otherwise carefully monitored budget,' writes researcher Adam Alter..."

Excerpt from The Economist -- "The researchers set up an experiment in which made-up “prospective students” e-mailed 6,548 professors to set up a meeting. The researchers sought to answer a simple question: could something as small as the timing of a meeting increase discrimination against minorities and women?"

Excerpt from Forbes -- "'This is the way the way things should work in this kind of situation. It was a free market solution to a free market problem,' says Roy Smith, a finance professor at NYU Stern."

Excerpt from The New York Times -- "Of course, we should keep celebrating the talented, hard-working people who have succeeded in their businesses or careers. But the research provides an important moral lesson: that these people might also do well to remain more humbly mindful of their own good fortune."

Excerpt from Boston Globe -- "In Van Nieuwerburgh’s view, the bubble does have a cause. 'The Federal Reserve Bank, as well as Congress, were gradually, slowly but surely, relaxing their oversight of the financial sector,' he said."

Excerpt from Financial Times -- "In the short term this is good for everyone. Yoox will have a huge stock pop, and PPR will be able to scale their e-commerce operations and ramp up their skills and data very quickly. The long-term risk lies in the fact there may be a lack of differentiation because of working with a partner that also works with third-party brands, though the structure seems to mitigate against that."

Excerpt from The Wall Street Journal -- "It's social media that creates a larger ripple of knowledge and adds complexity to who hears what about whom."

Excerpt from Men's Health -- "To win back your happiness, learn how to savor again. Tom Meyvis, Ph.D., an associate professor of marketing at New York University, found some hints about how in a 2008 study designed to examine the effect of interruptions on pleasurable experiences."

Excerpt from Costa Rica Star -- "Romer proposes that the new city have a governing charter made up of the best political and economic rules from around the world. Partner nations would provide oversight, guidance and more."

Excerpt from CNN -- "Unlike China, India is a free-market democracy.... One way I certainly think the country can build its infrastructure aggressively is by involving the private sector more…. [The government] needs to pursue these public-private partnerships as actively as they can."

Excerpt from Forbes -- "Over the last dozen years New York University has held a marathon competition that now includes students, faculty and alums for the best startup ideas... Past winners include Dennis Crowley, cofounder of Dodgeball and Foursquare, and Ben ­Silberman, cofounder of Pinterest."

Excerpt from Forbes -- "In a series of five experiments, Blader and Chen demonstrate that it is status in the workplace, rather than power, that motivates people to act fairly. 'In other words,' says Blader, 'although power and status are often thought of as two sides of the same coin, they in fact have opposite effects on the fairness of people’s behavior.'"