Faculty News

In a live interview, Professor Nicholas Economides shares his views on the Federal Reserve's interest rate cut

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Excerpt from CGTN -- "A rate cut is always good news for the financial markets, but I think that the financial markets overreacted today. I expect that the Fed will proceed with one or two cuts in the fall, so it won't be contrary to most of the desires of the financial markets."
Faculty News

Professor Jamyn Edis is quoted in an article on competition in the video-on-demand market

Excerpt from Bloomberg Businessweek -- "Next year 'is shaping up to be The Hunger Games for the streaming services,' says Jamyn Edis, an adjunct associate professor at the New York University Stern School of Business."
Faculty News

Professor Thomaï Serdari is quoted in a story on Nordstrom's innovation challenges

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Excerpt from Retail Dive -- "Retail innovation will result from strategic thinking that is risk taking and laser focused. A private company (think of retail space STORY) or a majority privately held business can create the long-term horizon necessary to tackle the challenge."
Faculty News

Professor Haran Segram explains the impact of less available sell-side stock data

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Excerpt from Reuters -- "'It's bad news from the investor's perspective because no price discovery is happening. It's bad news from the company's perspective because if they're trying to do funding investors will be looking for independent research. If they don't find it they'd be reluctant to fund the company,' said Segram."
Faculty News

Professor Lawrence White offers insights on new data that shows the average work week is shrinking

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Excerpt from amNewYork-- "'The composition is changing and changing toward occupations that have shorter hours. That is a big driver of this overall average effect,' White said."
Faculty News

Professor Michael North's work on inter-generational workplaces is cited

Excerpt from Mother Jones -- "Michael North, assistant professor of management and organizations at New York University, has researched intergenerational tensions for more than a decade. North’s research shows that older people often face pressure to adhere to the idea of succession, which 'prescribes for older generations that they have had their turn at prime influence or prime power and it is for the older generation to step aside and make way for younger generations.'"
Faculty News

Professor Anat Lechner discusses the consequences of high rates of turnover in an organization

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Excerpt from Business Insider -- "'Good talent take their ideas and capabilities with them,' Lechner said. 'And their work, loaded on others, is never well-performed.'"
Faculty News

In an op-ed, Professor Amy Webb shares insights from her work as a futurist advising firms on strategic planning

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Excerpt from the Harvard Business Review -- "Deep uncertainty merits deep questions, and the answers aren’t necessarily tied to a fixed date in the future. Where do you want to have impact? What it will take to achieve success? How will the organization evolve to meet challenges on the horizon? These are the kinds of deep, foundational questions that are best addressed with long-term planning."
Faculty News

Professor Paul Hardart discusses how companies use surprise drops as a marketing tactic

Excerpt from Adweek -- "'In pretty much every sector of the media landscape, from films to plays to music, we are seeing franchises and/or known artists with built-in awarenesses drawing the largest audiences,' said Paul Hardart, clinical professor of marketing at NYU Stern School of Business. 'People are busy, and getting their attention is hard. [Surprise] drops are a potential way to get consumer attention.'"
Faculty News

Professor Richard Levich is quoted in a story on tech companies' desire for the Federal Reserve to create a real-time payments system

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Excerpt from Reuters -- "'What we need is an improvement in the payments and exchange system and not necessarily a new currency,' Richard Levich, professor of finance and international business at NYU’s Stern School of Business, told Regulatory Intelligence."
Faculty News

Professor Lawrence White explains the historical context behind the use of the word "unskilled" in connection with low-wage jobs

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Excerpt from Business Insider -- "Since there are more people who could wait tables than who could be doctors, waitressing jobs pay less, White said. Yet use of the term in economics is not meant to qualify low-paying or high-paying jobs as being hard or easy."
Faculty News

Professor Adam Alter's book, "Irresistible," is cited in an article on Instagram's move to hide likes

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Excerpt from PR Week -- "Adam Alter, author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked, says our brain responds to receiving social media likes the same way it responds to drugs - and that not knowing how many likes you’ll get makes it highly addictive."
Faculty News

Scholar-in-Residence Gary Friedland comments on recently finalized legislation in connection with the EB-5 immigrant investor program, based on his joint research with Professor Jeanne Calderon

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Excerpt from The Wall Street Journal -- "Gary Friedland, a scholar-in-residence at New York University Stern School of Business who has studied the EB-5 program, said he was surprised that an administration with ties to the real-estate industry is changing the program. 'Since Trump took office, we’ve been predicting that the regulations would be buried in regulatory purgatory, never completed,' he said."
Faculty News

In an interview, Professor Jonathan Haidt shares his views on free speech and intellectual debates

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Excerpt from ABC News Australia -- "What I've learned in writing 'The Coddling of the American Mind' is that we have two mega-trends coming that are going to make things so much worse than they've been. And so one is social media, which is already here. Social media shreds any sense that we live in a shared world. It's very difficult to agree on facts, and that's likely to get worse and worse. The other mega-trend is the arrival of Gen Z."
Faculty News

Professor Henry Assael is quoted in an article on the decline of company attack ads

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Excerpt from The New York Times -- "Across all industries, attack ads appear to be softening, according to Henry Assael, a marketing professor at New York University. 'Generally,' he said, 'the American consumer doesn’t like to see a fight going on — they would prefer to see just a straight story than one company attacking another.'"
Faculty News

In an op-ed, Professor Ronni Burns shares insights from her volunteer work preparing former inmates for job interviews

Excerpt from the New York Daily News -- "The Fortune Society, one of the most respected criminal justice reentry and advocacy organizations in the country, is an amazing place. They truly know how to provide the services and support to give thousands what they so desperately need – a second chance, a shot at redemption, an opportunity to lead the lives they might have had. They see people for who they are, not their convictions. Many of the staff themselves were formerly incarcerated. Their mantra? 'Don’t define me by the worst thing I ever did.'"
Faculty News

Professor Navin Manglani discusses Google's scrapped plans for a censored search engine in China

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Excerpt from Forbes -- "'The censorship required for Google and other tech companies make China a tricky market,' said Navin Manglani, professor of technology for NYU Stern School of Business. 'Furthermore, Chinese competitors often either implicit government support, through the government imposing significant regulations for non-Chinese companies, or explicit government support, through grants or funding. The government is quite leery of foreign companies achieving prominence in China.'"
Faculty News

In an interview, Professor Richard Berner underscores the need for more data in the securities lending and hedge fund markets in order to regulate non-bank systemic risk

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Excerpt from Risk.net -- "'In securities lending there aren’t sufficiently granular data to do the analysis. We’ve made improvements in some other areas – money market funds and so on – but we need better data for financial intermediation that occurs outside of the banking system and in private markets where we lack data,' he says."
Faculty News

Professor Anthony Karydakis is quoted in an article about falling yields from US government bonds

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Excerpt from The Wall Street Journal -- "That impact, however, 'is probably going to be marginal at best,' said Anthony Karydakis, an adjunct professor at New York University’s Stern School of Business. The reason, he said, is that corporate borrowing will likely be slowed by worries about trade tensions."
Faculty News

Professor Amy Webb is featured in a story about the Westworld panel at San Diego Comic-Con, which she moderated, and her work as a futurist

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Excerpt from Los Angeles Times --"'A while back, Google unveiled AutoML, a neural net that can build its own "children" to perform certain tasks,' she said. '"Westworld" spins out these ‘what-if’ scenarios many, many degrees — which is exactly what we do as futurists. We should all be asking what happens when just a few people build AI systems that will in turn build their own progeny.'"
Faculty News

In an interview, Professor Arun Sundararajan shares his outlook on both FTC’s and the Justice Department's antitrust probes into Facebook

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Excerpt from Fox Business -- "'It certainly raises the bar on tech regulation in general. It’s very different from just a dollar fine or collective executive accountability,' Sundararajan told FOX Business. 'It’s possible that we will see directives to Apple and to Google and to others that ask for similar guarantees, but I think it’s unlikely.'"
Faculty News

In an in-depth interview, Lord Mervyn King offers his outlook on the future of the British economy

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Excerpt from Bloomberg -- "I think there are two different aspects to the question of no-deal. One is the likely longer run impact on the UK economy, which I think has been overplayed, considerably overplayed. No one really knows, but there's an awful lot of bogus pontification [or quantification?] going into the estimates of how bad it would be. The second issue, however, is the shorter term one: whether the immediate consequences can be managed. And that depends entirely on how much preparation has gone into it."
Faculty News

Dean Raghu Sundaram joins other deans in sharing recommended summer reads for future business majors; Professor Dolly Chugh's book, "The Person You Mean to Be," is highlighted

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Excerpt from Poets & Quants for Undergrads -- "Author Tara Westover tells the story of her life growing up with no formal education in a survivalist household, and how she eventually completed her doctorate at Cambridge. It’s been chosen as the summer reading for all incoming NYU undergraduate students because the transition to college can be a step into a larger, more public, and more diverse world of ideas, people, and cultures. ... Chugh provides us with an eye-opening guide to becoming the person we’d truly like to be, and not just be a good person, but a good-ish person, who is always moving forward."
Faculty News

Professor Nicholas Economides explains how some of Amazon's business practices could be considered antitrust behavior

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Excerpt from Business Insider -- "'Once you start bundling irrelevant stuff like video service, which retailers cannot match, that creates the possibility of an antitrust issue, and this is something that may be investigated,' he said."
Faculty News

The Dunning-Kruger effect, Professor Justin Kruger's joint research on self-perception, is referenced

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Excerpt from the The New York Times -- "David Dunning and Justin Kruger discussed the many reasons people who are the most incompetent (their word) seem to believe they know much more than they do. A lack of knowledge leaves some without the contextual information necessary to recognize mistakes, they wrote, and their 'incompetence robs them of the ability to realize it.'"

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