NYU Stern
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  • wired logo feature
    Excerpt from WIRED -- "'This kind of technology could be used to see how communities respond to sociologically relevant events like a terrorist attack, a basketball victory, or extreme weather—all things that seem to pull people together,' Haidt said. For example, he says, New Yorkers often say people were nicer to each other in the immediate aftermath of 9/11. 'If you’re tracking people over time, it would be interesting to see if people do more nice things for each other, if they’re more trusting and cooperative, when the local team wins. If there’s a threat, does everyone band together, or do people band together along ethnic lines or lines of similarity?'"
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- "Paul Romer, who runs the Urbanization Project at New York University’s Stern School of Business, argues that instead of complaining about London, other U.K. cities should stop restricting real estate development, which drives up housing costs and stunts their growth."
  • forbes logo feature
    Excerpt from Forbes -- "Does retail therapy remind people of their shortcomings, distract them from cognitive tasks and break down their self-control? The paper suggests that all of those things happen, unless someone tells the person that he made a smart choice in getting the product he hoped would make him more competent."
  • NYTIMESLOGO
    Excerpt from The New York Times -- "Britain has one of most streamlined systems on the planet, said Kermit Schoenholtz, Mr. Cecchetti's blogging partner and an economist at New York University's Stern School of Business. 'We have one of the most chaotic.'"
  • huffington post logo feature
    Excerpt from The Huffington Post -- "And when, in addition, these corporate actions are praised, and are described as what American companies should do, or even must do, people begin to wonder if something is seriously wrong--and they are right to wonder. Inversions may or may not be important in themselves, but understanding the forces that drive corporate inversions reveals a surprising amount about the cause of two major problems; the problem of extreme income inequality and the problem of stagnating wages in America."
  • fox business logo feature
    Excerpt from Fox Business -- "'A low sense of power makes people feel less confident and optimistic, meaning that employees will be less likely to believe that speaking up will make a difference,' Elizabeth Morrison, one of the study's authors and a professor at New York University's Stern School of Business, told Business News Daily. 'This feeling of "why bother?" has been found to be a strong inhibitor to speaking up.'"
  • – Faculty News

    Prof. Russell Winer on the iPhone as a status symbol

    September 8, 2014
    nbc news online logo
    Excerpt from NBC News -- "'Many people don’t want to feel like they have been left behind,' said Russ Winer, professor of marketing at the NYU Stern School of Business. 'If you’re with out with someone and they pop out a flip phone, someone is bound to make a joke about it.'"
  • reuters logo feature
    Excerpt from Reuters -- "Hong Kong finds itself on the wrong end of Xi’s reform plan: Hong Kong used to matter to Beijing economically, now it matters politically. That’s absolutely the wrong way around. To the extent that economic liberalization bears fruit, Hong Kong will no longer serve such a useful role as the Western face and gateway into China. As China pushes forward with a Free Trade Zone in Shanghai, it will cannibalize many of Hong Kong’s unique offerings for foreigners looking to do business. And Hong Kong is no longer as integral to the Chinese economy: in 1997, it accounted for 15.6 percent of China’s national GDP. Last year, it fell below 3 percent."
  • financial news logo feature
    Excerpt from Financial News -- "Surely, a new set of more conservative and transparent mortgage-backed securities that would appeal to institutional investors (especially in this low interest rate environment) can be created, but it will take a combined effort of the banking industry, credit rating firms and public regulators to make it work. They will have to co-operate to establish a new set of standards for what goes into the securities, how they are to be analysed and rated, and how regulatory safe harbour rules will work to enable the issues to be underwritten."
  • – Faculty News

    Prof. Jonathan Haidt's research on awe is cited

    September 8, 2014
    npr logo feature
    Excerpt from NPR -- "To be sure, awe is a multi-faceted emotion, and one that's only recently become the target of systematic psychological research. In an influential 2003 paper, psychologists Dacher Keltner and Jonathan Haidt argued that awe is characterized by two central features: vastness and accommodation. Vastness describes the experience of something larger than the self, whether that vastness is a matter of physical size or of metaphorical size, such as great power. Accommodation refers to the need to modify one's current mental structures to make sense of the experience — whether or not such modification is actually enacted or succeeds."
  • forbes logo feature
    Excerpt from Forbes -- "A study based on all drivers who competed in F1 races between 1981 and 2010 has revealed that although it is of course good to good to hire a top-performer, his average performance decreases when his team-mate has the same level of prior success and is therefore pushed to compete for the same positions. The study was led by the expert Dr Paolo Aversa, Cass Business School lecturer in strategy at City University in London, together with Professor Gino Cattani of Stern Business School at New York University and Dr Alessandro Marino from the management department of Luiss University in Rome. …. The study identifies two main reasons to justify its conclusion that as the difference in previous performance among top-level drivers working in the same team decreases so too do their individual results."
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- "Apple could foster the creation of such integrated ecosystems, by adding payment software and services to its tightly integrated family of products. By detecting an iPhone’s location, retailers could push coupons to customers as they shop, or even let people order food based on the show they are watching. 'It sounds like fiction, but it’s going to be fact,' said Anindya Ghose, a professor of marketing at New York University’s Stern School of Business."
  • american thinker logo feature
    Excerpt from American Thinker -- "In 2012, NYU social psychologist Jonathan Haidt, with collaborators, published a paper detailing how liberals and conservatives view each other. Haidt, et al, wrote: 'Across the political spectrum, moral stereotypes about “typical” liberals and conservatives correctly reflected the direction of actual differences in foundation endorsement but exaggerated the magnitude of these differences. Contrary to common theories of stereotyping, the moral stereotypes were not simple underestimations of the political outgroup’s morality. Both liberals and conservatives exaggerated the ideological extremity of moral concerns for the ingroup as well as the outgroup. Liberals were least accurate about both groups.'"
  • cnc world logo feature
    Excerpt from CNC World -- "This would be largest IPO in history. I think a lot of people misunderstand the size of an IPO by looking at what it actually offers on the offering day, but in terms of value of the company that's implied in that offering, this would be the largest IPO in history, much larger than Facebook..."
  • OZY logo
    Excerpt from OZY -- "'The old conjecture — through the ’90s — was that Internet shopping would make everybody more price-sensitive,' explains Priya Raghubir, chair of the marketing department at NYU Stern School of Business. Which should get you a better price. But there’s a 'more recent phenomenon' at play here, she says: The consumer might be worse off. ... Company priorities are shifting, too, says Anindya Ghose, a marketing and IT professor at Stern. They once channeled much of their strategy budgets to advertising and marketing. Now they’re redirecting some of those millions to pricing strategy, a 'historically underinvested sector,' with investments in technology, data and analysis that help companies reach that sweet spot where you’ll still buy their stuff but they’ll make the most money."
  • pacific standard magazine logo
    Excerpt from Pacific Standard -- "...Burtch and colleagues Anindya Ghose and Sunil Wattal went to 'one of the world’s largest online crowdfunding platforms,' as they describe it in their paper, and proposed a simple experiment... they found a privacy effect, meaning about five percent more people gave when they had to pay first and select privacy options later. But the authors also found what they termed a publicity effect: When users saw the privacy options last, those who went through with a contribution gave $5.81 less on average, the net result of fewer very large or very small (but still non-zero) amounts."
  • financial times logo feature
    Excerpt from Financial Times -- "'Most firms don’t have a vice-chairman,' says Professor David Yermack of the New York University Stern School of Business. 'They are fixers, who can lunch with important clients or regulators. But they have no operating responsibilities.'"
  • cnbc logo feature
    Excerpt from CNBC -- "Ethan Mollick, an assistant professor at the University of Pennsylvania's Wharton School of Business, together with Professor Jason Greenberg at New York University, recently looked into the success of women on Kickstarter. They examined 1,250 projects in five categories that sought at least $5,000 between 2010 and 2012. What they discovered was that women were 13 percent more likely than men to meet their Kickstarter goals."
  • channel news asia logo
    Excerpt from Channel News Asia -- "'They won't just be playing catchup,' said Prasanna Tambe, associate professor at New York University’s Stern School of Business. 'They'll be leapfrogging the competition in some ways because this is a problem that many countries have tried to solve and it's been difficult. I think everyone is still struggling to figure out how to achieve better gender balance in the high-tech workforce.'"
  • dow jones logo feature
    Excerpt from Dow Jones Newswires -- "The key to avoiding corporate crises could lie with approachable supervisors. New research from New York University and Singapore's SIM University finds that employees often won't speak up if they see something wrong because they feel that they lack power as compared to others at their organization. But one factor mitigates that response: a boss that the employee perceives as being open, "interested in input from others and willing to give fair consideration to ideas and suggestions," according to the paper. The authors note that the consequences of silence 'can be disastrous,' citing examples like the faulty ignition switches in General Motors (GM) cars and massive fraud at Enron."

     
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- "Jon Haidt thinks corporate culture in America works relatively well. But that hasn’t stopped him from launching a crusade to up-end the way Wall Street titans do business. Haidt, a professor of business ethics at New York University’s Stern School of Business, founded a nonprofit called Ethical Systems this year. He started Ethical Systems as a research hub to study the best ways to make business people behave ethically. No one can accuse Haidt of underestimating what’s at stake. 'If we at Ethical Systems can, over the course of 10 years, improve business ethics by 1 percent, we’ve justified our life on this planet,' he says."
  • Newsweek Logo
    Excerpt from Newsweek -- "In a world where technology and efficiency have provoked greater loneliness, something as simple as sharing a ride in a taxi may improve our health and well-being. Arun Sundararajan, a New York University professor specializing in the digital economy, says that while technological progress yields greater institutional efficiency, 'a byproduct is a growing drop in the level of connectedness people have.' Sundararajan points to studies that show loneliness can have negative health effects. But there might be a way to counteract this depressing fact of contemporary life. The sharing economy, he says, can 'bring back that human connectedness into economic interactions that used to be individual, isolated, solitary and faceless.'"
  • thestreet logo feature
    Excerpt from TheStreet.com -- "'Clearly it's a win-win,' said Stijn Van Nieuwerburgh, professor of finance and director of the Center for Real Estate Finance Research at NYU's Stern School of Business. 'Banks are able to reduce their non-performing loans and improve their own financial health and that of the financial system more broadly in the process.'"
  • la repubblica logo
    Excerpt from La Repubblica -- (Translated from Italian using Google Translate) "The Laureate Robert Engle warns that quantitative easing creates bubbles of liquidity and that in America the problem will emerge soon."
  • cnbc logo feature
    Excerpt from CNBC -- "'It now appears – based on European Central Bank President Mario Draghi's recent Jackson Hole speech – that the ECB has a similar plan in store for the euro zone,' Nouriel Roubini, chairman of Roubini Global Economics wrote in an op-ed published on Project Syndicate's website on Sunday, referring to 'Abenomics' – Abe's economic revival plan consisting of fiscal stimulus, monetary easing and structural reforms."

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Senior Associate Director
(212) 998-0624; critter@stern.nyu.edu

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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