Experience Stern | News & Events

Excerpt from The Atlantic Cities -- "'If something becomes better,' Sundararajan says, 'people want more of it, not less.' In other words, an expansion of consumption possibilities leads to an increase in consumption. This is essentially a story of economic progress, Sundararajan says: new technology leads to more efficiency, which leads to an expansion in production and consumption possibilities."

Excerpt from Project Syndicate -- "For now, policymakers in countries with frothy credit, equity, and housing markets have avoided raising policy rates, given slow economic growth. But it is still too early to tell whether the macro-pru [macro-prudential] policies on which they are relying will ensure financial stability."

Excerpt from Bloomberg -- “'Some of this is just old deeds coming home to roost, and it’s taken this amount of time,' Thomas F. Cooley, the former dean of New York University’s Stern School of Business, said about the recent onslaught of fines. Cooley, who now teaches economics there, said he wonders if the global banks have the right oversight and compliance now. 'We’re a long way from there yet.'”

Excerpt from This View of Life -- "Professor Haidt is one of the world’s most famous psychologists and leading public intellectuals—having been named, for example, a 'top world thinker' by Prospect magazine and a 'top global thinker' by Foreign Policy magazine. He is especially well-known for his work on the foundations of the moral emotions. In his 2012 book, The Righteous Mind: Why Good People Are Divided by Politics and Religion, he goes further than he ever had previously in theorizing about the evolutionary origins of these emotions, and his interview proved to be a rich source of insights about the nature and development of his theoretical approach."

Excerpt from The Wall Street Journal -- "Mr. Damodaran sees Facebook as worth between $25 and $30 a share. The shift to mobile advertising doesn’t excite him because that is integral to the 40% or so revenue growth that analysts project for the next few years. 'You’d need evidence that Facebook is entering a new business' to raise those forecasts, Mr. Damodaran says. 'Nothing that Facebook has said in their quarterly reports leads me to believe that’s changed.'”

Excerpt from NPR -- "Anindya Ghose, an NYU professor who studies consumer reviews, said Vine members might review things more positively than people who had to pay for their stuff. 'As humans we are hard-wired to give in to this sort of enticement where if you continuously get things for free, then you're more likely to be biased positively than biased negatively,' he said."

Mo Koyfman, general partner at Spark Capital, a venture capital firm; and Jeremy Philips, managing partner of Occam Partners, which invests in technology and media, and a member of the Board of Directors of TripAdvisor, joined Dean Peter Henry and MBA students for NYU Stern’s Block Lunch event series.

Excerpt from Psychology Today -- "There’s a fundamental asymmetry between the past and the future: the past represents a collection of definitive events, while the future is unpredictable, unknown, and not fixed. The authors reasoned that people who more actively seek out risk in their daily lives would also be more likely to want to travel to the 'less known and predictable future, relative to the more familiar and more predictable past.'”

NYU Stern announced the establishment of The William R. Berkley Scholarship Program to support exceptional seniors who wish to pursue their MBA at Stern directly following college graduation.

Excerpt from Poets & Quants -- “'I think this is going to be life changing for a handful of people,' said Isser Gallogly, assistant dean of admissions, in an interview with Poets&Quants. 'The program will be relatively small and extremely selective. We’ll do a maximum of ten a year. A lot of it depends on the quality of the applicant pool. We’re looking for seniors with stellar academics and a great capacity to contribute to business and society. We are absolutely looking for exceptional people.'”

Excerpt from Financial Times -- "Stern dean Peter Blair Henry says the scholarships are for those who 'dream big. Whether they’ve studied engineering or economics, physics or philosophy and everything in between, we want to put the tools of business into the hands of the most promising leaders of tomorrow.'”

Excerpt from Forbes -- "Adam Alter, assistant professor of marketing at New York University and co-author of the study, told me by email that 'people who were made to feel deprived, even briefly, were more likely to cheat for small sums of money.' This he says accounts for everyday crimes like workplace pilfering, whether it’s money from the cash drawer or pocketing office supplies."

Excerpt from The New York Times -- "This licensing model is a reasonable approach, says Arun Sundararajan, a professor in the Stern School of Business at New York University who studies the sharing economy. But it’s susceptible to problems. 'They run a higher risk of bad consumer experiences,' he says... 'It’s likely to be a new consumption experience for most people,' he says, 'so you have to hold their hands.'”

NYU Stern's Management and Organizations Department hosted the inaugural Economic Sociology Workshop on Friday, October 25. This year's workshop explored the origins and evolution of economic sociology and the field's relationship to related disciplines.

Excerpt from Mother Jones -- "'On the right, it's not that they don't have compassion,' says Haidt, 'but their morality is not based on compassion. Their morality is based much more on a sense of who's cheating, who's slacking.'”

Excerpt from Reuters -- "'If you're an average fund manager, it's very hard to consistently find the stocks that will help you beat the market,' said Stephen Brown, a professor of finance at New York University's Stern School of Business."

Excerpt from U.S. News -- "This application season, Yale School of Management and Northwestern University's Kellogg School of Management are also requiring a video interview, while other MBA programs, such as New York University's Stern School of Business and the University of Texas—Austin McCombs School of Business, offer applicants the option of using video to introduce themselves to their classmates."

Excerpt from White Plains Daily Voice -- "Robert Amler of New York Medical College, will receive the Medical Entrepreneur Award in recognition of his creative work in the public health sector and his ability to help build out clinical training facilities for biotechnology, disaster medicine and clinical skills, as well as a biotech incubator to attract researchers and start-up firms in early-stage development of new drugs, vaccine strains and medical safety devices and apps at New York Medical College."

Excerpt from Investor's Business Daily -- "'As more people leave voluntarily, presumably many of them are doing so for something better, and that's all to the good,' said Lawrence White, an economics professor at New York University's Stern School of Business. 'It suggests they not only see opportunity but are feeling optimistic enough about their opportunities to leave the security of their current job.'"

Excerpt from The Huffington Post -- "China did not get to where it is today by allowing natural economic forces to decide the outcome. The reality is much closer to the exact opposite. An industry is targeted, and then the economic forces needed to obtain a dominant position -- including subsidies, special tax rates, exchange rates and technology agreements -- are put in place. This fundamental reality cannot be ignored."

Excerpt from Bloomberg -- "The Monte Paschi deals are part of an expanding family of structured transactions that 'depend on lack of transparency, high transaction costs, differences in financial sophistication and the erosion of fiduciary obligations in a world of caveat emptor,' said Ingo Walter, a finance professor at New York University’s Stern School of Business."

Excerpt from Vogue Italia -- (Translated from Italian using Google Translate) "A study conducted by Professor Hal E. Hershfield, of the New York University Stern School of Business, overturns the theory that the bad feelings would have deleterious effects."

Excerpt from Xinhua -- "'I think the overall idea is a good one that it would allow entrepreneurs to raise capital in a much broader way than previously possible by widely advertising their project,' said Anindya Ghose, a professor at New York University's Stern School of Business. 'In a sluggish economy, this makes a big difference. Direct solicitations through social media and internet definitely raise the scope and scale of crowdfunding,' said Ghose, who is also the co-director of the Center for Business Analytics at NYU Stern."

Excerpt from New Scientist -- "Rather than force firms into old legal frameworks, Arun Sundararajan at New York University's Stern School of Business argues that laws should be tweaked to accommodate them. 'Restaurants, hotels and yellow cabs are the old analogue to the sharing economy, and regulations were needed to keep them running," he says. "In this new digital marketplace some regulations don't fit.'"

Excerpt from Marketplace -- “'Effectively what’s going on here is Amazon is disrupting the entire retail industry,' Galloway says. According to Galloway, eBay is trying to compete with Amazon’s Prime service, which offers free two day shipping to its members. While Amazon is trying to sell more of its customers on Prime where for $79 a year, customers get free shipping. Galloway says Prime is a great deal, for Amazon. 'What Amazon prime really is, is an entry point or membership into the Amazon franchise.'”