Experience Stern | News & Events

Excerpt from HBS Working Knowledge -- "Joan Farre-Mensa, Deepak Hegde, and Alexander Ljungqvist examine the implications in the working paper What is a Patent Worth? Evidence from the U.S. Patent ‘Lottery.’ 'Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that start-ups that win the patent ‘lottery’ by drawing lenient examiners have, on average, 55% higher employment growth and 80% higher sales growth five years later,' they write."

Excerpt from Quartz -- "During a panel discussion hosted by New York University’s Stern School of Business and the McKinsey Global Institute last week, Wegner, a ‎managing partner at Union Square Ventures, argued that humans will continue to have a competitive advantage over robots and algorithms… because they’ll be so poorly paid."

This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses. To achieve these objectives, this course combines presentations and discussions with practical exercises so that participants can apply disruptive leadership principles to business issues and scenarios.

Excerpt from PCMA Convene Magazine -- "'If you’re motivated to grow, you also have to be motivated to lead innovation, because it’s not just another transient management fad,' Williams told Convene in a recent interview. 'It’s actually what draws economic growth. If you don’t innovate, you can’t grow.'"

Excerpt from The New York Times -- "'This is all part of a broader shift towards Airbnb taking on more regulatory responsibility,' Mr. Sundararajan said. 'It’s also first steps, over time, toward governments trusting Airbnb to assume more responsibility for regulating their hosts.'"

Excerpt from The Washington Post -- "Alter found that those who did set finite rules for their technology use — like never using it at the dinner table or putting it on airplane mode when you’re out on the weekends (so you can access the camera but not the Internet) — were able to enjoy life more. 'Life becomes more colorful, richer, you have better conversations, you connect with the person who is there with you,' he said."

Excerpt from The Wall Street Journal -- "The panel, convened to discuss the economic impacts of artificial intelligence, robotics and automation, featured Vasant Dhar, a professor at NYU Stern School of Business, venture capitalist Albert Wenger, and Michael Chui, a partner at McKinsey Global Institute."

On April 28, the McKinsey Global Institute and NYU Stern will host the first Digital Future of Work Summit.

Excerpt from Knowledge@Wharton -- "It sounds so simple. It sounds like all we have to do is just say, 'No, I’m not going to use this. I’m going to put it away for a certain number of hours.' That’s obviously the first thing to try to do. The other thing you can do on smartphones is sort of de-fang them. You can make them a little less potent. Take off all the sounds that tell you that there’s a new email. Remove push notifications. Make sure that the phone isn’t telling you when to pick it up, that you’re deciding it’s time for me to pick it up."

Excerpt from Forbes -- "'Polarization is preventing Trump from repealing Obamacare and has forced him to postpone tax reform and infrastructure spending,' according to Richard Sylla, a professor at the NYU Stern School of Business and co-author with Sidney Homer of A History of Interest Rates."

Excerpt from Factor Daily -- "...this theory, proposed by psychologists Nira Lieberman and Yaacov Trope, suggests that this construal level is a function of another concept called psychological distance. ...research by Adam Alter and Daniel Oppenheimer has shown that using hard-to-read fonts in a message or advertising can manipulate the mind into a higher construal level, while easy-to-read fonts can lead to lower construal levels."

Excerpt from Institutional Investor -- "Authors David Dunning and Justin Kruger revealed some interesting tendencies regarding peoples' perceptions of their own competence, tendencies that have distinct relevance for investors."

Excerpt from The Washington Post -- "This is how the Beverly Hills Waldorf Astoria ended up as an EB-5 funded project, with $150 million in foreign investment by 300 investors at $500,000 each, according to a report by Friedland for the NYU Stern Center for Real Estate Finance Research. ... 'The original intent was to establish an incentive for immigrants to invest in areas that can’t otherwise attract conventional capital,' Friedland said. 'Instead, virtually all projects qualify. It’s merely serving to enhance the returns for those developers.'"

 

Excerpt from WalletHub -- "Consumers may not be aware of adverse credit events, or mistakes, and checking their credit reports allows them to fix problems and rectify mistakes."

In his address, Mr. Kathwari will discuss his reputation as an “activist CEO.” He will share his perspective on the need to balance managing a socially responsible enterprise while also focusing on sound financial performance, and his leadership expertise as it relates to organizing humanitarian efforts. 

The NYU Stern Volatility Institute and NASDAQ Derivatives Research Project Conference convened academics and practitioners to discuss the latest research and ideas on the theme, “Derivatives and Volatility: The State of the Art.” 

This program is designed to help executives leverage analytics to improve their decision-making skills across their organization. Through a combination of discussion, simulation and experiential exercises, participants will develop a clear understanding of what decisions analytics can help them make, and the best way to transform analytics insights into strategies.

Excerpt from Bloomberg -- "Bottom line is, Twitter could've done more with Twitter, right? They have two aces up their sleeve. One is live streaming; one is video. We know in this quarter, live streaming did remarkably well. But it's also true that they could've done a lot better. One of the reasons they're not doing that well is many key influencers are actually leaving Twitter and moving into Instagram, and especially with entertainment, sports and music, which were actually the 3 strengths in live streaming. So it's bit of a pull and a push."

Excerpt from Thomson Reuters -- "If we lower corporate tax rates, corporations will have more cash available to then invest, which will also boost the economy. And this one time reduction in the repatriation tax will encourage companies to bring cash back from overseas and invest that cash here in the US. So all of those will be growth enhancing. But then you have to balance that with, will those growth enhancements generate enough revenue to offset the tax reductions that are potentially put in place? And we seem to know from past history that that does not tend to be the case. So even though the economy, the private side of the economy will probably grow as a consequence of these tax reductions, it will still have the effect of increasing the deficit and increasing the debt on net."

Excerpt from the Washington Center for Equitable Growth -- "A new paper by New York University Stern School of Business economists Holger M. Mueller and Constantine Yannelis explores this labor-market dimension. The two researchers examine administrative data on individual borrowers’ student loans linked to deidentified tax records and zip-code level data on home prices drawn from online real estate company Zillow Group, Inc."

Excerpt from Bloomberg View -- "A second study, by John Horton of New York University’s Stern School of Business, is also being cited by both sides of the debate. Horton did an experiment with an online labor market, assigning different employers different minimum wages. The companies that were forced to pay higher wages hired about the same number of workers, but for fewer hours. However, the workers they hired tended to be more productive ones, so overall they got about the same amount of work done."

On Wednesday, April 26, NYU Stern's Center for Business and Human Rights welcomed Brad Smith, President of Microsoft, for an event entitled "The Challenge of Maintaining Integrity on the Internet." He was joined by Professor Michael Posner to discuss the misuse and manipulation of internet platforms by third parties and how extremist content, fake news and intolerant discourse have spread across the web with real-world consequences.

Excerpt from Inc. -- "'There's no reason that New York and L.A. should have the same winner in the pet care business,' says Arun Sundararajan, a professor at NYU's Stern School of Business and author of The Sharing Economy. 'When you enter an industry first--whatever the industry is--you have a bit of an advantage. Someone who starts a new pet care business would face more barriers to growth than Rover did when it started out, because there's already a large competitor in the fray. But the game is certainly not over.'"

Excerpt from Recode -- "...commuters in crowded subway trains are about twice as likely to respond to a mobile offer by making a purchase vis-à-vis those in non-crowded trains. The response rate across the entire sample was five times higher than the average response rate of mobile coupons and twice the response rate for location-based mobile coupons."'

Excerpt from AdExchanger -- "A lot of my book talks about the conundrum of consumers getting overwhelmed with ads and offers. The reason is that, as astonishing as it may sound, companies today still don’t have enough data about our preferences. The data exists, but it exists in silos. Someone has to come and stitch the consumer profile together. In the absence of that, brands send us an overwhelming amount of ads because they don’t have enough information about my preferences."