Experience Stern | News & Events

AI, crowdsourcing can identify insights that lead to breakthroughs.

Excerpt from Financial Times -- "Of course, tail risk isn’t just about bad things. There is also a slim chance of huge returns on some stocks. But we know that investors pay too much for this. New York University’s Robert Whitelaw has shown that US investors pay too much for lottery-type stocks."

Excerpt from InTheBlack-- "With a subscription model, you can accurately track who the customers are. You can see who the repeat customers are and what they like to purchase. This is an incredibly important management tool, Lev argues. 'If you look at the number of repeat customers, this is the best indicator of customer satisfaction. If repeat business is decreasing over several quarters, you know you’ve got a problem.'"

Excerpt from the Los Angeles Times -- "Hila Lifshitz-Assaf, a New York University assistant professor who specializes in technological innovation, says that crowdsourcing is part of an ongoing trend of the last decade. One advantage, she says, is democratizing creativity and eliminating social barriers to creative fields. 'It’s much less about connections and who you know,' Lifshitz-Assaf said."

On February 1, 2019, NYU Stern's Executive MBA Program and NYU Washington DC hosted a Stern EMBA Speaker Series event at NYU’s downtown DC location featuring EMBA alumnus Tom Monahan (MBA ‘95), Founder & Managing Partner, Norton Street Capital.

Excerpt from Clear Admit -- "Prior to the trip, I didn’t necessarily think how similar the luxury car and clothing industries were to each other. We spent the morning at the Lamborghini Museum, where we saw how each car is produced. Watching the whole supply chain was truly an eye-opening experience; from seeing the seamstress hand stitch pieces of leather for the seats to watching the engineers assemble the engine, each Lamborghini station was filled with superb craftsmanship and precision."

Excerpt from INQUIRER.net -- "In 1968, a professor from New York University by the name of Edward Altman developed a handy financial model that can predict the likelihood of a company’s bankruptcy within two years. Known as the Altman Z-score, the model generates a number by taking the sum of five weighted financial ratios of a stock. The lower the resulting score, the larger the probability that the company will fail."

Excerpt from Broadly -- "'Sleep is nothing exceptional —we all do it and do it all the time—but anything that improves sleep can definitely have a massive impact on our lives,' Meyvis said in an email. 'In the past, this may have been a harder sell (as it's such a boring, mundane, non-special category), but the current focus on improving/luxurizing everyday life probably makes people more receptive to this.'"

Exceprt from the Harvard Law blog -- "We conclude that implementation of Dodd-Frank has contributed significantly to the reduction of systemic risk in the United States. It is important to maintain that progress. At the same time, however, Dodd-Frank addressed these risks only incompletely and, in some cases, introduced burdensome rules that have little to do with systemic risk."

Excerpt from Inc. -- "'[Yelp's average] is a new source of data and is a valuable source--but it has to be analyzed so you're not basically crowning it as the new source,' says Ari Ginsberg, a professor of entrepreneurship and management at New York University's Stern School of Business."

Excerpt from Forbes-- "Just like the Federal Reserve did before it, the ECB engaged in a multi-trillion euro bond-buying program designed to lower the absolute level of interest rates in the countries of the eurozone, Europe's single currency area. Unfortunately, that program had the unintended consequence of messing up Europe's bond market so allowing private financiers to profit via riskless trades to the tune of hundreds of millions of euros, new research shows."

Excerpt from Le Temps -- (translated from French using Google Translate) "'It's always smarter to mock oneself than to make fun of others,' said Thomai Serdari, Luxury Marketing Specialist at New York University."

Excerpt from Luxury Daily -- "'More than exploring the designer and his design process, this exhibit is important because it provides a textbook example of how singular fashion brands evolved during the 20th century,' said Thomaï Serdari, brand strategist and professor of luxury marketing at New York University and coeditor of 'Luxury: History Culture Consumption,' New York."

Excerpt from The Wall Street Journal -- "'This is Apple flexing its muscles and part of the Tim Cook indignation tour,' said Scott Galloway, a marketing professor at New York University who has criticized the dominance of big tech companies. He said the privacy fight is part of jostling among the giants as their businesses increasingly collide, but he thinks ultimately the companies will reach a truce because they have too much at stake financially."

Excerpt from Merion West -- "There is a deep sense that when you put some effort into something, when you’ve cultivated something and put some work into something, that you own it. Property rights have a deep psychological basis. Human beings are clearly territorial creatures: we mark territory, we improve territory, and then we defend it, often violently."

Excerpt from Adweek -- "'As audiences become more and more scattered with the proliferation of media (social and traditional), the Super Bowl remains one of the few occasions that garners over 100 [million] eyeballs,' Raghubir said."

Excerpt from The Globe and Mail --"Value investing done right requires incredible amounts of patience. For most people, that is very difficult. That’s why they can read about what Warren Buffett does, but never deliver the returns. Start slow. Stick with things that cannot hurt you. Don’t put your money in one big stock. Go with an index fund. Start a base for your portfolio that’s solid and then learn about stocks."

Excerpt from eFinancialCareers -- "Meanwhile, NYU’s Stern School of Business, one of Wall Street’s biggest feeders of front-office talent, introduced a non-credit elective course for students who want to learn Python, a programming language that is quickly becoming a favorite of banks."

Excerpt from Paste -- "Led by Vishal Singh of New York University’s Stern School of Business, the project examined consumer tastes across 416 counties in the United States, measuring 26 product categories ranging from frozen pizza preference to toothpaste. Over six years, Singh and his associates analyzed data and came find that a consumer’s political subconscious affects brands and items."

Excerpt from Networks Asia -- "'This report on digitally enabled growth patterns in China is very interesting. The data show that the mobile internet, e-commerce, mobile payments and internet-based financial services together have accelerated overall growth and produced startlingly inclusive growth patterns in multiple dimensions. The report documents this, and explains why these effects occur,' said Michael Spence, 2001 Nobel Prize Laureate in Economics and professor at New York University."

Excerpt from Columbia Law School Blue Sky blog -- "As the pace of finance continues to reach ever more dizzying speeds, the value of high-quality information and the threats posed by information gaps continue to grow. Given the myriad frictions that stand in the way of optimal policy, leadership, creativity, and a willingness to look to the future and to work across firm, industry, and national bounds are critical to success. Some progress has been made already. More is needed, and we think possible. Only vision and leadership are the missing ingredients."

Excerpt from Law360 -- "Professor Kose John from New York University, the chair of the session at the AEA conference where these papers were presented, commented, 'As the U.S. is potentially approaching the start of another cycle of corporate distress and bankruptcy, academic research such as this is increasingly relevant for policy makers, executives, investors, attorneys, judges and consultants in the bankruptcy space.'"

Excerpt from HBS Working Knowledge -- "As green bonds continue to gain in popularity, the researchers are interested to see if they continue to command a premium price. As more green bonds are issued, especially by government entities in Europe and China, their price could fall due to an increase in supply. On the other hand, as they continue to gain in popularity, more investors could value green bonds, pushing up price due to increased demand."

Exceprt from the Harvard Law blog -- "Investors often ascribe higher valuations to family firms than to non-family firms, especially when founders serve as CEOs, in part due to expectations that owner-manager agency conflicts will be mitigated by the involvement of founding families with strong incentives to monitor. These favorable expectations about family firms extend to those companies’ corporate strategies, in that family firm acquisitions and divestitures have been shown to generate higher shareholder returns than non-family firm acquisitions and divestitures."

Excerpt from Harvard Business Review -- "Paul Romer won the 2018 Nobel Economics Prize for integrating technological innovation into macroeconomic analysis and showing that research and development (R&D) investments are becoming essential to a nation’s progress."