Experience Stern | News & Events

Excerpt from CNBC -- "'If you avoid companies just because of cash burn, you're taking big segments of the market out of your portfolio,' Damodaran said in an interview with CNBC's 'Closing Bell.'"

Excerpt from Xinhua -- "'The customers are very very different,' says Salomon. 'They have different cultural tastes and preferences, and the way to consume the products, the products they want are not the same with the products western consumers want.'"

Excerpt from The Atlantic -- "...separating investment and commercial banking would not have prevented the financial crisis, and its re-imposition will not prevent the next one. ... Unfortunately, since the removal of the Glass-Steagall restrictions in 1999 had no connection to the financial crisis of 2008—all of the "bad actors" of the 2008 crisis could have done all of the same things even if Glass-Steagall had been in place—the whole notion of a revival of Glass-Steagall is misguided."

Excerpt from The Wall Street Journal -- "Stifling short-term rentals isn’t always in a city’s best economic interest, said Arun Sundararajan, a New York University professor of information, operations and management sciences. If cities crack down too hard on Airbnb, they run the risk of losing out to other tourism destinations with a more robust supply of rooms for rent. 'If a city is deeply dependent on tourism, there’s a huge expansion that can come from being a city who has a huge number of affordable and interesting Airbnb listings,' he said."

Excerpt from Marketplace -- "I'm assuming that we've solved the engineering side of this problem. I'm assuming that. The major challenges now are just dealing with reality. And in fact, one of the objectives of this is to see the kinds of situations where vehicles trip up. In machine learning, this is a big area of research called "adversarial learning" where... you throw an adversary into the mix that just tries to fool you."

Excerpt from Medical Daily -- "According to the research, people who believed they were high-status individuals were less charitable to others, but only when they felt completely deserving of their status. On the other hand, high status individuals who were humble about their powerful place were more generous than expected."

This course aims to bridge the gap by instilling in executives a general intuition for data-driven decision making and equipping leaders with the tools and techniques necessary to analyze large databases and use effective data visualization to gauge key metrics.

Excerpt from Fox 5 NY -- "[The characteristics of those who run for President] tend to be a strong desire for dominance, desire to have control over others, a high level of self-confidence... Unfortunately, sometimes that manifests as a high level of narcissism or a high level of grandiosity."

Excerpt from CNNMoney -- "'Why would you pay $60 for a ride to the airport when you can pay $20?' said Vasant Dhar, a professor at New York University's Stern School of Business. 'Do you really want to pay an extra $40 for the privilege of having a human drive you? I don't think so.'"

Excerpt from The New York Times -- "'These zombie loans are just bad for the economy,' said Viral V. Acharya, one of the report’s authors and a specialist in European debt at New York University’s Stern School of Business. 'The problem is that Europe never injected capital into its banks like TARP in the U.S.'"

Excerpt from Luxury Daily -- "'Considering that British brands have been doing well in the United States, a trend that has grown stronger in the last five years and perhaps will counteract the consequences of Brexit, it is no accident that Victoria Beckham enjoys a positive brand equity in the American market,' [Serdari] said. 'With playful Instavideos being released through Victoria Beckham's Instafeed almost a month before her collection hits the stores the celebrity designer can certainly drive interest in her new, stylishly packaged beauty collection.'"

Excerpt from Reuters -- "Asset management services are still expensive. Banks generate large spreads on deposits. Finance could and should be much cheaper. In that respect, the puzzle is not that fintech is happening now. The puzzle is why it did not happen earlier."

Excerpt from Yahoo News -- "Adam L. Alter and Hal E. Hershfield from New York University and UCLA, respectively, found across six studies that at the end of a decade, people become more preoccupied with aging and worries about life’s meaningfulness. The researchers said that such thoughts lead to behaviors that 'suggest a search for, or a crisis of meaning.'"

New research from NYU Stern Professor Laura Veldkamp and Nina Boyarchenko and David O. Lucca of the Federal Reserve Bank of New York, finds that information sharing in U.S. Treasury auctions raises auction revenues, as bidders are better informed. When information sharing enables collusion, the collusion initially costs revenue, but prohibiting information sharing costs more.

Excerpt from the Financial Times -- "...it is exciting and encouraging that the bank is about to have a chief economist, Paul Romer, who is both a top-rate thinker and a boldly unconventional policy entrepreneur."

Excerpt from Bloomberg -- "'There has been enormous regulatory pressure on financial institutions to reduce risk,' Tuckman said. 'Therefore, deleveraging has not only reduced the overall size of the repo market, but has also increased the fraction of the market in Treasury repo.'"

Excerpt from Bloomberg -- "'While these banks may meet a weak regulatory test, as the more than 40 percent decline of bank equities over the past year implies, they do not meet the market test,' [Kim Schoenholtz and coauthor Stephen Cecchetti] write. This criticism is consistent with a new research paper published by academic economics Viral V. Acharya, Diane Pierret, and Sascha Steffen. Based on the disclosures made available by the EBA stress test, they estimate that European banks face a capital shortfall of 123 billion euros, when set against U.S. supervisory standards and a 4 percent leverage ratio — also known as a capital-to-asset ratio, a measure that determines how much capital a lender needs to set aside relative to the assets they hold."

Excerpt from Marketplace -- "'There’s just less labor content in a manufactured item,' said Robert Whitelaw, professor of entrepreneurial finance at NYU. 'A high-end GE refrigerator only has two hours of labor in it,' he said, adding that automation is also a powerful force at the low end of manufacturing. 'Where labor costs are less important, other things become more important, like distance,' he said."

Excerpt from the Financial Times -- "Using auction data and game theory, the authors came to the conclusion that full pre-auction information sharing between dealers and investors would raise $4.8bn more revenue for the US Treasury each year than a fully closed bidding mechanism where no information is shared. The paper comes from New York Fed economists Nina Boyarchenko and David Lucca, along with NYU professor Laura Veldkamp."

Excerpt from the Financial Times -- "In theory, the blockchain technology could improve the efficiency of the market, but if there is no entry, this would simply increase the rents of incumbents. A restricted blockchain could in fact be used by incumbents to deter entry and stifle innovation."

Excerpt from The Chronicle of Higher Education -- "Published in 2013 in the Industrial and Labor Relationship Review, this study found that stop-the-clock policies helped those who used them to get tenure — men as well as women."

Excerpt from the Financial Times -- "As Arun Sundararajan, a New York University academic, notes in his new book, The Sharing Economy, the percentage of self-employed workers in 1900 in the US was three times as high as it is today."

Excerpt from Reuters -- "You can still make money in exhibition, and the way to do it is to enhance the experience. More luxurious seating and food and alcohol all enhance the experience and also attract a difference audience."

Excerpt from We See Genius -- "Marketed as the 'Swiss army knife of diagnostic tools,' the handheld device connects to a smartphone through Bluetooth technology. It takes temperatures, measures blood oxygen, pressure, and glucose levels, and even serves as an ECG. ... Elements Digital Health’s identification of a problem and creation of a product-market fit helped elevate them from the other teams — which numbered more than 50 — that competed in the social venture portion of the contest, Franklin says."

Excerpt from TopMBA -- "NYU Stern, which announced a new fintech specialization in late June, added it to the curriculum because of the rapid growth to this sector in recent years. 'There is great demand in finance organizations to hire students who have analytical skills based in the information technology area,' states Yermack."