Experience Stern | News & Events

Excerpt from U.S. News & World Report -- "'I think a lot of people are surprised when I say law,' Sundararajan says. 'You think of this as a staid, full-time profession.' However, online platforms like UpCounsel allow lawyers to provide a variety of legal services on demand. Sundararajan sees the gig economy heading in a direction to allow professionals to create their own businesses and market them entirely online."

Excerpt from India Education Diary -- "Oxford University Press, the world’s largest university press, today launched a new book titled 'Understanding Indian Consumers' by Durairaj Maheswaran and Thomas Puliyel, at an event hosted at the Indian School of Business (ISB), Hyderabad. The book focuses on the Indian market scenario and ways to attract the attention of the consumers."

Excerpt from Bookstr -- "The name of the book is 'Tap: Unlocking the Mobile Economy.' Why I call it Tap is consumers, we are always tapping on our phones and every time we tap on our phones, the phone is generating data about us. Whether it is location data or contextual data or data about the weather or crowdedness of where we are, all of this is being captured, and while sometimes consumers feel a little bit inhibited about what all of the companies are doing with the data, I essentially in my book talk about the massive upsides to both consumers and companies from monetizing that data to make our lives better."

Excerpt from The New York Times -- "'They snatched defeat from the jaws of victory,' Scott Galloway, a professor of marketing at New York University’s Stern School of Business, said in an interview. 'Walmart made a smart move in increasing wages and investing in human capital. Where they screwed up was politicizing it.'"

Excerpt from CNBC -- "'Will it end badly for some of the people involved? Absolutely. For those people who got on the bandwagon late and are playing the pricing game, for some of them, it's going to end badly,' he said."

Excerpt from The Hill -- "Yermack said the transparency of many cryptocurrencies makes it easy to trace payments to their issuers. 'A lot of these currencies have blockchains that are completely transparent and you can monitor them,' Yermack said. 'It’s a double-edged sword. It gives liquidity to people in these countries but it also gives the government a way to prosecute them.'"

Excerpt from the Harvard Business Review Japan -- (translated from Japanese using Google Translate) "A game is a strategy 'bargaining' by multiple players. In game theory, we focus on the proposition of how to make appropriate decision making among all social phenomena and economic phenomena. When there are multiple players, each action of the players and various factors intertwine with each other to influence each other, predict actions of others and make 'strategic adaptation' which is a decision to make their gains advantageous. It is a theory aimed to guide."

Excerpt from eFinancialCareers -- "The director of the Ph.D. program in data science at New York University and a professor of information systems at NYU’s Stern School of Business, Dhar is also an entrepreneur in the field of finance. In 1998, he founded SCT Capital Management, a hedge fund that uses machine learning to make investment decisions without human intervention, and co-founded Deep Blue Analytics, a consulting company that applies data analysis to commercial problems in 2012."

Excerpt from U.S. News & World Report -- "'If anything, I think that there has been a bit of an under-reaction to Brexit,' says Robert Salomon, associate professor of management at NYU School Stern School of Business and author of "Global Vision: How Companies Can Overcome the Pitfalls of Globalization.'"

Excerpt from ThinkAdvisor -- "The researchers — Ralph S.J. Koijen, an economist who teaches at New York University's Stern School of Business, and Motohiro Yogo, an economist at Princeton University — wrote the paper to fill what they see as a major gap in the economic literature: a lack of research on variable annuity contract guarantees."

Excerpt from The Huffington Post -- "Adam Alter is a New York Times bestselling author, associate professor of marketing at NYU, and impressively endorsed by the likes of Malcolm Gladwell, Adam Grant, and Arianna Huffington. This book is at once enjoyable and also - to use Alter’s word - 'unsettling'. ... Scott Galloway is a verbal force. This is both a fearless assault on the four biggest companies in the world and an insightful deconstruction of the lessons we can all learn from them."

Excerpt from InformationWeek -- "What do Marie Curie, Albert Einstein, Benjamin Franklin, Steve Jobs, Dean Kamen, Elon Musk, and Nicola Tesla have in common? Innovation, for one thing. In her forthcoming book, 'Quirky,' author Melissa Schilling explores the traits of these remarkable people. Schilling is also a John Herzog Family professor of Management and Organizations at New York University’s Stern School of Business. One common trait among the legends is the belief that rules don't apply to them, so they're unconstrained by the norms that hold other people back."

Excerpt from The New York Times -- "Adam Alter, a social psychologist and the author of 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' documents instances of internet addiction spanning the globe."

Excerpt from Barron's -- "A recent paper co-authored by Martin Gruber, an emeritus professor of finance at New York University, found that target-date fund managers often picked funds that helped their firm’s own objectives at the expense of potentially lower returns. Sometimes that meant picking their own higher-cost fund over a cheaper alternative, or picking a younger, smaller fund from their own stable over one with a longer record—both of which led to underperformance. 'For most people who don’t want to get too involved, target-date funds make sense, but they can’t just say it’s a good investment. They have to shop around,' Gruber told Barron’s."

Excerpt from Inc. -- "In Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World (February), New York University professor Melissa A. Schilling sets out to identify what makes such people both capable of and driven to repeated feats of spectacular creativity. Her subjects range across three centuries: from Benjamin Franklin and Marie Curie to Elon Musk and Steve Jobs."

Excerpt from WalletHub -- "One approach is to contact your preferred bank/card company or visit their website and ask for a new card or a limit increase. However, companies typically send new credit card offers to individuals with good credit scores. This means that a card company may be unwilling to extend credit, or may end up offering worse terms to individuals who actively ask for it, precisely because they were not sent an offer -- they are perceived as worse credit risks."

Excerpt from WIRED -- "NYU professor Scott Galloway, author of The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google, thinks that tech CEOs should preemptively break their companies apart to stave off further public backlash and to 'guard against ham-handed regulation that might be imposed.'"

Excerpt from The New York Post -- "'The first year of the Trump administration, coupled with the end years of the Obama administration, will go down on record as one of the greatest periods of job growth in recent decades,' Joseph Foudy, a business professor at New York University, told The Post."

Excerpt from Global Finance -- "Yakov Amihud, Ira Rennert Professor of Entrepreneurial Finance at New York University’s Stern School of Business, agrees: 'Cash offers were historically associated with better outcomes for bidders. One could suspect that a large component of stock in the offer, or all-stock offer, may reflect the bidder’s view that its stock is overvalued and its management thus uses it as currency to pay for the deal.'"

Excerpt from the San Francisco Review of Books -- "Allen Adamson and Joel Steckel provide an abundance of information, insights, and counsel that can help to prepare leaders to master the art and science of shifting ahead. However, the value of the material obviously depends almost entirely on how well a reader absorbs and digests it, then applies what is most relevant (there’s that word again) to the given circumstances. Shift Ahead is a brilliant achievement."

Excerpt from Quartz -- "'Uber is entitled to its opinions but not to the facts,' Aswath Damodaran, a professor at NYU’s Stern School of Business and longtime Uber skeptic, said in an email, when asked whether the company would be right to say it’s still valued at $68 billion. 'I don’t think Uber could make this claim with a straight face.'"
 

Excerpt from Bloomberg -- "Business is doing pretty well. Profits are high as a share of GDP. This is a pretty strong period in the economy. Growth is above the level that we can sustain over the long run. Unemployment is down to the lowest level we have seen in more than a decade. We may hit the lowest we have seen since the 1960's during 2018 so this is a strong period for the economy."

Excerpt from ThinkAdvisor -- "Vasant Dhar, a professor of information systems at New York University, also sees that some back- and middle-office operations are being automated. 'It’s hard to say whether AI is being used to do this or whether it’s just plain old technology, but at the end of the day it is increased automation,' Dhar said."

Excerpt from InformationWeek -- "Vasant Dhar, a professor at New York University's' Stern School of Business, stated that AI can be put to work wherever data exists. 'It could be for customer service, marketing, planning, gathering new customers or assets,' he explained."

Excerpt from India West -- "Sundaram’s scholarly interests include agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives. He has published extensively in these areas as well as in mathematical economics, decision theory, and game theory, with articles appearing in such journals as Econometrica, Journal of Economic Theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, according to a press statement released by NYU."