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  • atlantic logo feature
    Excerpt from The Atlantic -- "That we tend to overestimate our own responsibility for our successes is not to say that we shouldn’t take pride in them. Pride is a powerful motivator; moreover, a tendency to overlook luck’s importance may be perversely adaptive, as it encourages us to persevere in the face of obstacles. And yet failing to consider the role of chance has a dark side, too, making fortunate people less likely to pass on their good fortune."
  • RT logo
    Excerpt from RT -- "The ride-sharing market has seen a lot of street firing, competitive tactics, even in the United States. A couple of years ago, we had Uber and Lyft booking--or allegedly booking--rides in each other's services to try and flood the network with a lot of demand. And so, I think you're seeing something similar play out in India now, where Uber is in a sort of heated competitive battle with the domestic giant Ola."
  • Consumer Reports Logo 192 x 144
    Excerpt from Consumer Reports -- "For such illegal sales to stop, the regulations that govern sale prices will have to be improved—a slow process since pricing is regulated at the state level. Meanwhile, though, all the bad publicity and penalties could cause merchants to tone down their marketing tactics, says Vicki G. Morwitz, a marketing professor at New York University’s Stern School of Business."
  • bloomberg logo feat
    Excerpt from Bloomberg -- "In a 2012 article, a trio of social psychologists found that liberals had a less accurate perception of the moral views of conservatives than conservatives had of liberals. One of the authors, Jonathan Haidt, suggests over email that liberals and conservatives increasingly view each other through the stereotypes that have traditionally divided city and country folk. The urban stereotype of the rural is that they’re mired in idiocy."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "This is to be expected, says Arun Sundararajan, a professor at New York University’s Stern Business School and the author of the upcoming book The Sharing Economy. Sundararajan likened ClassPass’ new subscription options to mobile data plans, saying: 'We used to pay a fixed amount for unlimited internet on our phones, and now have moved to tiered plans. It’s a natural part of the evolution of a business like that.'"
  • quartz logo
    Excerpt from Quartz -- "Given India’s price-sensitive buyers, there are high chances of online retailers losing customers once discounts are discontinued. 'If they do not offer deep discounts, Indian consumers will switch back to offline retailers, which seem to be always on sale,' Ghose of New York University said. 'I do not think this cultural behavior of the average Indian consumer will change even with a substantial increase in the average disposable income in India.'"
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "One challenge is to break down your expenses according to whether they are ordinary and recurring or exceptional and unusual, says Mr. Alter. 'What you’ll start to notice is that so-called exceptional expenses account for a large chunk of your budget,' and need to be acknowledged as recurring spending, he says."
  • bbc news logo feature
    Excerpt from BBC News -- "'We are now in the early stages of a different model of organising economic activity,' says Prof Arun Sundararajan at New York University. Indeed he argues the sharing economy taps into a basic human need. 'We are wired for social connection. The appeal [of sharing] is to integrate some semblance of human interaction into our economic activities.'"
  • project syndicate logo feature
    Excerpt from Project Syndicate -- " an environment of low long-term interest rates and deficient short-term aggregate demand (which means there is little risk of crowding out the private sector), it is a mistake not to relax fiscal constraints for investment. In fact, the right kind of public investment would probably spur more private-sector investment. Identifying such investment is where today’s debt debate should be."
  • Vox 192 x 144
    Excerpt from Vox -- "Evidence suggests that failure to recognize luck's role in success increases tax resistance by reinforcing the natural sense of entitlement to income produced by the fruits of one's own labor."
  • CLO Media Chief Learning Officer 192 x 144
    Excerpt from Chief Learning Officer -- "Baruch Lev, director of the Intangibles Research Project at New York University Stern School of Business, has stated that 'people are the most important asset of most companies.'"
  • RT logo
    Excerpt from RT -- "Lazy investors and lazy analysts get exactly what they deserve. Nobody forces anybody to use pro forma statements. We use them because it fits our preconceptions. So as Valeant was climbing from 50 to 60 to 80 to 100 to 120 to 140, a lot of people were looking for reasons to buy it. And what those accounting numbers did--remember they still were reporting the GAAP numbers. They were also reporting the pro forma numbers and the cash earnings per share. But those are almost add-ons. Investors chose to latch on to whatever number they thought would give them a justification for buying the stock."
  • BusinessBecause
    Excerpt from BusinessBecause -- "It is not just enterprise cloud specialists that are snapping up business school graduates for cloud computing roles, but tech groups like Facebook, and Google, whose business models rely on data. 'They created cloud computing, and now they are collecting rents on it,' says Vasant Dhar, Professor, NYU Stern and the Center for Data Science."
  • economist logo feature
    Excerpt from The Economist -- "Mr Greenberg also looked how much MBAs who tapped their network earned. Counterintuitively, job offers from connections brokered through alumni paid $15,000 lower in starting salary than those who were offered a job after an on-campus recruitment event. Job offers from closer connections—friends and family members—were even more miserly, putting paid to the concept that it’s who you know, not what you know. Closer connections do not equal better initial compensation."
  • the times logo feature
    Excerpt from The Times of London -- "'The pessimistic view of Rana Plaza is that little has changed. The optimistic view is that Bangladesh is a turning point for the low-end garment industry,' says Labowitz. 'Certainly, there is a change of consciousness in fashion. The question is, how do you impose rules on a system that has been without rules?'"
  • fortune logo feature
    Excerpt from Fortune -- "Is it better to be lucky or good? That’s the timeless question posed by New York Times economics columnist Robert H. Frank, made more pressing in today’s era of growing inequality. Frank comes down on the side of kismet."
  • san francisco chronicle logo feature
    Excerpt from the San Francisco Chronicle -- "Sundararajan said ride-hailing companies such as Lyft and Uber have to employ nonprofessional drivers. And at Airbnb, he added, everyday people are converted into part-time hoteliers. 'Munchery and Sprig aren’t converting hobbyist home cooks into commercial chefs. They’re simply creating a bigger market for professionals.'"
  • boston globe logo feature
    Excerpt from The Boston Globe -- "These workers may want the benefits that come with regular full-time jobs while maintaining the ability to work whatever hours they choose, said Arun Sundararajan, author of the upcoming book 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism.' 'You’ve got this Faustian bargain: You either get the flexibility or you get the benefits,' said Sundararajan, a New York University professor. 'All we’ve got to do is come up with a funding model that allows both.'"
  • new york times logo feature
    Excerpt from The New York Times -- "Over the last year, America’s professional intelligentsia has been placed under the microscope in several interesting ways. First, a group of prominent social psychologists released a paper quantifying and criticizing their field’s overwhelming left-wing tilt. Then Jonathan Haidt, one of the paper’s co-authors, highlighted research showing that the entire American academy has become more left-wing since the 1990s."
  • Austin American Statesman 192 x 144
    Exerpt from Austin American-Statesman -- "Experts said Whole Foods took too long to respond to the New York case by releasing an apologetic video featuring Mackey and co-CEO Walter Robb. The video felt awkward and didn’t go far enough, experts said. 'They waited a week before responding — in an era of 24/7 news coverage and endless social media, that’s an eternity,' said Irv Schenkler, clinical professor of management communication for New York University’s Stern School of Business. 'And the New York City market is the most intense media-centric of markets. So their surprise at the rate of coverage speaks to an unusual lack of media savvy.'"
  • bloomberg logo feat
    Excerpt from Bloomberg -- "As far as Uber is concerned, this is a big win for them. As you've pointed out, Uber's bigger source of valuation risk is uncertainty around worker classification. This is a big step in the direction of Uber being able to put that issue aside, and as a consequence, I think that the $100 million, they're going to make up multi-fold through an increase in their valuation. I think overall, this is good for the sharing economy. I'm sure there are situations in which it makes sense to classify sharing economy providers as employees. But with Uber drivers and Lyft drivers; I don't think this is one of those cases. I do think, however, it's really important that we start to think about a way in which we can fund benefits for these drivers and for other providers in the sharing economy. It's not all going to come from Uber. It's not all going to come from the government. It's not going to come from the drivers themselves. There has to be a partnership model."

    Watch the video

    Additional coverage appeared on Marketplace.
  • reuters logo feature
    Excerpt from Reuters -- "The vast problem remains that only a fraction of garment factories are even covered by protections currently intended to be in place. The use of subcontracting in the garment industry is pervasive. According to our research estimates, more than 30 percent of garment producing facilities in Bangladesh are producing off the radar and without government or private oversight. Workers in these often smaller facilities therefore remain unprotected and invisible to regulators. It is essential that we increase supply chain transparency in order to be able to bring all garment producing facilities under appropriate safety programs."
  • reuters logo feature
    Excerpt from Reuters -- "'You have about 200 brands working together, and there's definitely more transparency, more attention to the issue of human rights in the global supply chain,' Sarah Labowitz, co-director of the Center for Business and Human Rights at the NYU Stern School of Business in New York, told the Thomson Reuters Foundation."
  • fortune logo feature
    Excerpt from Fortune -- "Firms that place sustainability at the core of their business strategy will drive positive climate performance, create wealth while creating competitive advantage, reduce risk and create stable ecosystems that drive both ecological and corporate value."
  • new york times logo feature
    Excerpt from The New York Times -- "A stalemate over who will pay for safety upgrades and oversight to those factories has left many workers still in danger, according to Sarah Labowitz, lead researcher of the report, 'Beyond the Tip of the Iceberg: Bangladesh’s Forgotten Apparel Workers.' ... 'Bangladesh should enforce its own labor laws and protect its own citizens and workers but I think they lack the political will and capacity to do that. The question for everybody, including brands, is what do you do in the absence of local government enforcement and regulation,' she said."


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

Or contact us directly:

Jessica Neville, Executive Director
(416) 516-7677;

Rika Nazem, Executive Director
(212) 998-0678;

Carolyn Ritter, Director
(212) 998-0624;

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