Experience Stern | News & Events

Excerpt from Crain's New York -- “Luxury brands will hold their own—you still can’t buy Hermès on Amazon. There will be some artisanal guys that will manage to hang on because they’re so exceptional. You’ll see Starbucks, Chipotle, more Warby Parker stores. And everyone else will get crushed.”

Excerpt from OZY -- "'We’re going to see more development of natural energy resources,' says White. He is less bullish on the prospects for the coal industry that Trump has promised to revive, citing market pressures that already make coal a less attractive alternative to fracked oil and gas, regardless of regulation."

Excerpt from Psychology Today -- "Dunning and Kruger documented this effect in a number of quantitative contexts. Its first publication, in 1999, bore the memorable title, 'Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments.' The authors observed that you need skill and knowledge to judge how skilled and knowledgeable you are. A tone-deaf singer may be unable to distinguish her talent from that of the greatest stars. Why then shouldn't she believe she's their equal?"

Excerpt from The New York Times -- "Consider that blue states send much more money to Washington than they receive, while the reverse is true for red states, which tend to favor Republicans. Blue states also enjoy significantly higher per capita income than red states and are home to a disproportionate share of the nation’s highest earners. The upshot is that if the Trump administration cuts taxes on top earners as expected, the federal tax burden on blue states will fall especially sharply. Those states will thus have new fiscal flexibility, should they choose to offset other aspects of the Trump agenda."

Excerpt from CNNMoney -- "Ian Bremmer, president of risk consultancy Eurasia Group, said the uncertain geopolitical environment, coupled with the potential for conflict with the U.S. and domestic political concerns, will leave Beijing in a worried state. 'These are things that really unnerve the Chinese,' Bremmer said."

Excerpt from CNET -- "'The upside is an administration that is more friendly to bringing down regulatory barriers,' said Arun Sundararajan, New York University professor and author of 'The Sharing Economy.' 'The potential downside is an administration that may start to put in place policies that slow the pace of job displacement through automation, which could thwart Uber's, and eventually Lyft's, long-term plans,' he said."

Excerpt from Forbes -- "Vasant Dhar, a professor of information systems at NYU, studies computer decision making. He says it'll be up to the 'seasoned decision makers' in the military to decide whether or not new machine technology... is worth the cost of its mistakes."

Excerpt from WalletHub -- "Consumers benefit from rewards programs in multiple ways - to start with, they have the intrinsic benefit of 'miles' that they can exchange for tickets, hotel rooms, and increasingly products (including gift cards). Thus, this is another form of currency that they accrue. Additionally, they benefit by climbing up the rewards program hierarchy."

Excerpt from OZY -- "The jury is still out regarding the long-term performance of social investing, notes Vasant Dhar, a professor at New York University’s Stern School of Business. It remains to be seen whether OpenInvest’s pitch will convince retail clients to invest with their hearts. Murray cites Morgan Stanley research that shows 84 percent of millennials would like to invest according to sustainable principles, and indeed young people also are more willing to trust machines with their finances, says Dhar."

Excerpt from Bloomberg -- "'India is at an exciting but challenging time,' Acharya said in a statement last week released on the NYU Stern’s website. 'As one of the world’s fastest growing economies, India has the massive potential to become an economic powerhouse.'"

Excerpt from MarketWatch -- "Regardless of the tense political climate, presidential inaugurations aren’t typically seen as a shopping opportunity, said Priya Raghubir, the chairwoman of New York University’s Stern Business School’s marketing department. That said, since retailers are experiencing a post-holiday slump, some will likely try to capitalize and sell inauguration memorabilia, she added."

Excerpt from Scientific American -- "Professor Steven Blader at New York University with Ya-Ru Chen found similar effects for greater power contributing to less inclusiveness towards others in the form of reduced fairness in their paper published in the Journal of Personality and Social Psychology. But they found that the way that individuals reduce the dark side of power was highly dependent on their dispositions; namely, the degree to which they were other-oriented."

Excerpt from eFinancialCareers -- "Machine learning technology will make many jobs obsolete – some will be replaced by machines in the future. Examples include driverless cars, automated trading systems, and robots as waiters and cleaning people, to name just a few. I think one way [to approach the problem of unemployment] is to provide people with a better education so that the next generation will be trained to perform jobs that machines are not competent in."

Excerpt from Livemint -- "The biggest lesson is that as an investor, invest in simple companies rather than these complex holding companies. Because any time you invest in a complex holding company, this is one of the prices you pay—you have very little control over process because of the holding structure."

Excerpt from The Huffington Post -- "Haidt outlines six moral foundations the 'elephant' part of us uses to determine whether we agree with an action or idea. These foundations are inextricable from their opposites. They include: Care/Harm, Fairness/Cheating, Loyalty/Betrayal, Authority/Subversion, Sanctity/Degradation and Liberty/Oppression."

Excerpt from the National Law Review -- "[Bakos] found that people will still shop at an eStore they trust without checking all the prices readily available on the internet. Much like the days before online shopping, a person would walk into a store, see the price posted for an item, and decide if it was worth it."

Excerpt from IEEE Spectrum -- "'The greatest threat to innovation is if new companies, innovative companies, have to pay a lot to be on the same playing field as everybody else,' Economides says. Net neutrality supporters worry there might be secondary effects from limiting the free flow of ideas and information online."

Excerpt from Bloomberg -- "Paradoxically, supply-side trickle-down, instead of helping the white working class that voted him in, is going to force [Trump] to become very protectionist and even more so against trade globalization and migration, so you have an inconsistency between trickle-down on one side and protectionists on the other side."

Excerpt from Forbes -- "If you are in any position of leadership—whether you’re the CEO, a mid-level manager, an investor, or an entrepreneur with a great idea—you will be confronted by new technology for the rest of your life. Failing to strategically monitor these trends and plan for the future will put your organization and future earnings at risk. People and organizations who use the tools of futurists —Nintendo, IBM, Amazon —succeeded even in the face of disruption; while those that didn’t—Blackberry, Zenith, Kodak––met their demise."

Excerpt from Luxury Daily -- "In luxury, business and brand strategy are entangled. The brand cannot be articulated after the specifics of the business strategy have been set — the two must evolve in tandem."

Excerpt from Planetizen -- "This project by New York University, UN-Habitat the Lincoln Institute of Land Policy, and numerous collaborators is a comprehensive, ongoing research program to monitor quantitative and qualitative aspects of global urban expansion. The project used medium-resolution Landsat satellite imagery and census data to analyze how these cities grew between 1990 and 2014."

Excerpt from The Native Society -- "Xi Chen joined New York University Stern School of Business as an Assistant Professor of Information, Operations and Management Sciences in September 2014. Professor Chen studies machine learning and optimization, high-dimensional statistics and operations research."

Excerpt from Poets & Quants for Undergrads -- "'Over the years, we started realizing that there was an increased interest, both from the students and from companies outside,' says Rohit Deo, acting dean. 'And the interest was in not just improving the bottom-line profit, but in looking at how it impacts society and the environment. We have this long tradition of teaching ethics, so this semester we decided to formalize it by launching this.'"

Excerpt from The Washington Post -- "Nouriel Roubini, an economist at New York University attending the forum, noted that Beijing has prevented many Western firms from investing in China for both political and economic reasons. He cited Facebook and Twitter as examples. Roubini was heartened by an announcement coinciding with Xi's speech that Beijing would ease restrictions on foreign banks, brokerages, and other industries seeking to do business in China. Roubini said that while the details were vague, the statement showed China is taking criticism seriously. 'It's clear that China is open and wants to be more open to trade in goods and services,' he said. 'It's going to be a process.'"

Excerpt from Scientific American -- "Although psychologists have known for a long time that people associate dark skin with negative personality traits, this research shows that the reverse is also true: when we hear about an evil act, we are more likely to believe it was done by someone with darker skin. This 'bad is black' effect may have its roots in our deep-seated human tendency to associate darkness with wickedness. Across time and cultures, we tend to portray villains as more likely to be active during nighttime and to don black clothing. Similarly, our heroes are often associated with daytime and lighter colors. These mental associations between color and morality may negatively bias us against people with darker skin tones. If this is true, it has far-reaching implications for our justice system. For example, eyewitnesses to crimes may be more likely to falsely identify suspects who possess darker skin."