Experience Stern | News & Events

Excerpt from GARP Risk Intelligence -- "Said Berner: 'An easier way to achieve change [in data practices] is to have pilot projects and the idea of innovation sandboxes, endorsed and assisted by regulators. It is something that we should do more of in the U.S.'"

Excerpt from Mic -- "A recent study from New York University's Stern School of Business found that peer-to-peer apps like Uber and Lyft are designed to induce customer guilt, and thus promote rating inflation. The act of sitting in a car with your service provider, the study found, humanizes them in a way that, say, placing an online order with an anonymous Amazon merchant does not, and as a result, riders tend to give higher ratings."

Excerpt from SmartBrief -- "With a nod to Angela Duckworth, we support the notion of “grit” as the secret ingredient in creating innovative new brands. Gritty people who come up with gritty ideas and can assemble gritty teams with the passion and perseverance to execute every detail brilliantly. Predicting innovation success will always be challenging. That is why the rewards for winners are so high."

Excerpt from American Banker -- "'For economists, one of the things we like about crypto is that it pushes you back to first principles,' said David Yermack, chairman of the finance department at New York University's Stern School of Business. 'It makes you reconsider if we need banks to have banking.'"

Excerpt from Quartz -- "The traits of successful entrepreneurs haven’t changed much in the digital age: You need more builders than branders, and it’s key to have a technologist as part of, or near, the founding team."

Excerpt from the Australian Financial Review -- "'Once you go down this road it’s clear it’s hard to pull back,' says Lawrence J. White, professor of economics at New York University Stern School of Business, and a specialist in financial regulation and bank behaviour."

Excerpt from Seeking Alpha -- "Now the investing world has become a lot flatter, especially in the US. I can't think of too many competitive advantages that you would have at Goldman Sachs as an equity research analyst over some person sitting at their own computer. If you're going to create value in this business now, you've got to think of what else you bring to the table. It can't be that you have better data, it can't be because you have a more powerful computer - it's got to be something else, and that's made investing a lot more difficult than it used to be."

Excerpt from BuzzFeed News -- "'Everything these companies do, at first, is driven by the short-term desire to stake a small share of the attention economy and to engage users just long enough to attract early funding. Only later does the medium view start to matter, and the long view doesn’t matter at all until very late in the game,' explained Adam Alter, author of Irresistible, a book about the rise of addictive technology."

Excerpt from Bloomberg-- "The United States is better off if we're negotiating on behalf of the United States, but with the interests of other developed countries aligned with what we're trying to achieve in terms of a level playing field, fairness, absence of intellectual property theft, and so on. So I think it's good news in the sense that we're not going to pick a fight with the Europeans at the same time, or at least we may not. And that makes it easier... to focus on the Chinese negotiations and not overload the team."

Excerpt from Fast Company -- "Panos Ipeirotis, a leading researcher most known for his work tracking the ebbs and flows of MTurk worker demographics, estimates that 2,000 to 5,000 workers can be found on the MTurk platform at any given moment."

Excerpt from the Harvard Business Review -- "Sometimes it’s even motivating just to know that your rival is out there. And I know you’re familiar with the evidence on this, but I’ve just been floored by Gavin Kilduff’s research on how much your rivals’ success can affect your own."

Excerpt from TRT World -- "The very public nature of this conflict is going to make it very difficult for either country to back down."

Excerpt from Retail Dive -- "You always walked into the store because you saw them as an authority that would help you. Today that authority has become YouTube, or it’s your friend. All you’re really doing is trying to confirm what your mind has already made up."

Excerpt from Marketplace -- "I think it's really interesting to see how proactive LVMH has been in taking a stand and addressing the issue [of culturally insensitive designs] from the inside out with the acquisition."

Excerpt from The Washington Post -- "'If Uber cannot deliver profits over time, it spells real trouble for the gig economy,' said Aswath Damodaran, a professor at New York University’s Stern School of Business. 'They have not demonstrated that they can do all the things they want to do and also do it profitably — so the scrutiny of public markets will certainly be a big first test for them.'"

Excerpt from The Washington Post -- "One hopes this fear is overblown and that the clothing firms will make a long-term commitment not only to cheaply sourced goods but also to supporting a strong Ethiopian economy in which workers are protected."

Excerpt from TIME -- "Your job is to find something you’re good at, and after ten thousand hours of practice, get great at it. The emotional and economic rewards that accompany being great at something will make you passionate about whatever that something is."

Excerpt from Business Insider -- "While eco-friendly features like recyclable or compostable packaging 'used to be a nice-to-have, it's now a must-have.' If a brand over-packages today, they're 'incredibly vulnerable to being seen as out of touch,' according to Adamson."

Excerpt from the Financial Times -- "With his colleagues Derrick Wirtz and Dale Miller [Kruger] replicated the longstanding findings that college students believe you should trust your first answer in a multiple choice question, and yet that switching to a second answer tends to improve your grades."

Excerpt from CNBC -- "I certainly agree with the call for creating a new tech regulatory agency, there is some damage to Facebook from Zuckerberg's voting control. But I think spinning off WhatsApp and Instagram is not really going to solve the core issue that Facebook's business model -- optimizing advertising revenue -- is at odds with a lot of other societal objectives, and simply splitting Facebook up into WhatsApp and Instagram and Facebook is not going to solve that problem."

Excerpt from Knowledge@Wharton -- "Companies compete for our limited attention by creating products that are impossible to resist."

Excerpt from Bloomberg -- "I think this is a liquidity event for the early investors... [i.e.] cashing out your investments in the early rounds. So, they're taking advantage of [the fact that] this is a pricing game, rather than a valuation game for Uber. You tell a good compelling story and then you fetch the highest price possible. That is what's happening here."

Excerpt from BBC -- "We shouldn't just be too pessimistic about what can be done. Individuals can do a lot, even in deprived communities—maybe especially in deprived communities, if other firms have just not bothered to go in there."

Excerpt from Seeking Alpha -- "One is struck by the sharp drop in the 2018 revenue growth rate (42%). True, following a fast growth period, a certain slowdown is expected, but this 2018 slowdown seems a bit early in Uber's game. The quarterly revenues confirm the slowdown - third and fourth quarters 2018 and first quarter 2019 (estimated) revenues were rather flat: $2,944 million, $2,974 million, and $3,075 million (mid high-low), respectively. Is competition taking its toll or is it the constant push-back from cities and taxi drivers? In any case, Uber's road ahead surely appears challenging."

Excerpt from Bloomberg -- "'The trillion dollar valuation will come if they can spend the next five to 10 years getting to that place where more is spent on Uber than on any other form of transportation,' Sundararajan said. 'The trouble is that’s going to require keeping investors at bay who are putting pressure on Uber to deliver earnings.'"