Experience Stern | News & Events

Assistant Professor of Marketing Adam Alter and PhD student Eesha Sharma at NYU Stern reveal why people who feel financially constrained might be lured to purchase scarce or rare products—those that aren’t widely available to other people. The authors suggest that consumers who feel financially disadvantaged counteract feelings of financial deprivation by acquiring these scarce products, precisely because they seem unavailable to others.

Excerpt from Today.com (NBCNews.com) -- "Myspace liberally borrows features from other social networks, but experts caution that could be a double-edged sword. Users obviously aren’t looking for redundancy, but a remix has the chance to deliver a better experience, said Sinan Aral, an assistant professor and Microsoft faculty fellow at the New York University Stern School of Business."

Excerpt from Reuters -- "A 2010 study from New York University's Stern School of Business found that a single appearance by the first lady can generate $14 million in value for a company."

Excerpt from Project Syndicate -- "The global economy this year will exhibit some similarities with the conditions that prevailed in 2012. No surprise there: we face another year in which global growth will average about 3%, but with a multi-speed recovery – a sub-par, below-trend annual rate of 1% in the advanced economies, and close-to-trend rates of 5% in emerging markets. But there will be some important differences as well."

Excerpt from the Economic Times -- "There is a lot more entrepreneurship in India than before; people are willing to overcome handicaps and that's why India has a chance to maintain such growth."

Excerpt from the Business Standard -- "Students from HR College and St Xavier’s College, Mumbai, come to our institute for a short period in May. India is very important to us and we plan to gradually increase our presence here. India is one of the top four leading providers of students to NYU Stern."

Excerpt from LiveMint -- "Despite the largest financial crisis since the 1930s, progress towards international coordination of financial regulation remains dismally slow. To speed the development of a harmonized regulatory framework, policymakers need to focus on international rules for financial instruments, rather than just financial institutions."

Excerpt from CNBC -- "The good news is that the leadership team appears committed to the systemic reforms that are required to get that done. We'll see."

Excerpt from BBC Radio -- "LIBOR was constant. It essentially took the same value day in and day out for a period of about a year and that by itself is an unexpected pattern because one would expect that borrowing costs would vary, even if slightly, over time, and therefore one would expect the LIBOR, even if just a bit, to move from one day to the following."

Excerpt from The New York Times -- "'Participants tend to allocate inefficiently,' he said. 'If you give them bad choices, then there is a tendency for them to put more money into those bad choices.'"

Excerpt from Marketplace -- "Luke Williams of the Stern School of Business at NYU says Warby Parker’s model is daring, as it tries to upend an industry that many didn’t think was broken."

Excerpt from Project Syndicate -- "New technologies of various kinds, together with globalization, are powerfully affecting the range of employment options for individuals in advanced and developing countries alike – and at various levels of education."

Excerpt from CNBC -- "'We have low growth, we have low inflation below target, we have zero federal funds…in 2015, we're doing QE3 (a third round of quantitative easing), maybe QE4,' he said."

Excerpt from Bloomberg -- "I think everyone's taking a cue from Steve Jobs and Apple and that is you build suspense, you make an event out of something even perhaps when there isn't an event. Perception is more important than reality."

Excerpt from the Huffington Post -- "These goals are in sharp contrast to the present situation, in which many large corporations have just one goal: maximizing the return to the shareholders. In fact, this goal has now become so dominant that it is often thought to be a legal requirement. It definitely is not."

Excerpt from US News -- "'If they see it via Facebook, I'm not sure someone is going to change their 401(k) contributions,' says Hal Hershfield, an assistant professor in the marketing department at New York University's Stern School of Business, and coauthor of the original marketing research. 'If, on the other hand, they are actually in the mindset of trying to get more information about retirement, I think this could have a measurable impact on the types of decisions that they make.'"

Excerpt from NBC News -- "I think what they`re trying to do is to get in front of this issue as much as they can."

Excerpt from Reuters -- "The euro zone periphery recession will continue in 2013: Fiscal austerity is ongoing; the euro is still too strong; periphery banks have capital shortages and liquidity concerns, and thus are achieving required capital ratios by contracting credit and selling assets; and consumer and business confidence is still depressed given falling output and employment."

Excerpt from Reuters -- "Those effects of global climate change leading to extreme weather events are going to become more significant and more costly in the next few years. And what are we doing about it? Nothing."

Excerpt from the Financial Times -- "Larry White, the New York University professor who argued for eliminating ratings from prudential regulations, admits it is hard work. 'You need more regulators, you need them to be well paid and you need them to be respected.'"

Excerpt from the Economic Times -- "Damodaran says that the moment a complex tax system is created, it is the super rich who are best placed to exploit such a system, negating what is often the principal motivating factor behind higher rates, the desire to reduce inequality."

Excerpt from the Wall Street Journal -- "To screen out such 'closet indexers,' Prof. Amihud uses a statistical measure called 'R-squared' to observe how much of active fund managers' returns can be explained simply by the index."

“What does it take to win?” asked retired US Army General Stanley McChrystal, former commander of the International Security Assistance Force and US Forces in Afghanistan, on Friday evening in NYU Stern’s Paulson Auditorium. Hosted by the TRIUM Global Executive MBA Program, an alliance among NYU Stern, the London School of Economics and Political Science, and HEC School of Management in Paris, General McChrystal spoke candidly about lessons in leadership to more than 200 students and alumni.

On January 11, 2013, NYU Stern hosts its inaugural India Business Forum in Mumbai, India. Stern's world-class faculty, and India's top corporate leaders and policymakers will take part in this full-day event, “India in the 21st Century: From Potential to Progress.”

Excerpt from the Economic Times -- "The government ownership in these banks is nearly 60%. Usage of coercive rights means that the government will be able to reduce its contribution to less than Rs 7,500 crore while retaining its ownership share intact, with the remaining amount in excess of Rs 5,000 crore coming from public shareholders."