Experience Stern | News & Events

Excerpt from Forbes -- "The recognition that the few hundred people in the room had barely started their journey was reflected in remarks by NYU Stern Business School professor Luke Williams. 'It takes a long time for people’s thinking to catch up to the technology,' he said. 'One of the reasons we’re here today is to allow our thinking to keep track with the mechanism of technology. Thinking changes much slower because we’re dealing with really well-established concepts like money.'"

Excerpt from Commodity Trade Mantra -- "I also spoke to Professor Rosa Abrantes-Metz at the New York University Stern School of Business. She is the leading expert on globe price manipulation. She actually testifies in gold price manipulation cases that are going on. She wrote a report reaching the same conclusions. It’s not just an opinion, it’s not just a deep, dark conspiracy theory. Here’s a PhD statistician and a prominent market expert lawyer, expert witness in litigation qualified by the courts, who independently reached the same conclusion."

Excerpt from Xinhua -- "Robert Engle, from the New York University's Stern School of Business and the Nobel prize winner in 2003, has been awarded almost 324,000 U.S. dollars for the period of three years. Engle will try to measure the connection between climate changes and risk and return in the management of oil fund money."

Excerpt from ETF.com -- "As Stijn Van Nieuwerburgh shows in his April 2017 paper 'Why Are REITs Currently So Expensive?,' REIT valuations have changed over time. He showed that for the period 1972 through 2004, the price-dividend ratio (the inverse of the dividend yield, or D/P) on publicly owned REITs ranged between about 12 and 18."

Excerpt from Fox News -- "Every time you check an email, it could be something fantastic or it could be something mundane or maybe you don't have one at all. The same is true of every social media experience you have. You send something out into the world, sometimes you get great feedback, sometimes you don't. And that question mark is something that humans find really compelling."

Excerpt from Bloomberg View -- "Xavier Gabaix of New York University, for example, has been experimenting with one that seeks to account for human limitations in foreseeing the future and adjusting their behavior. One important insight: Because people don’t actually smooth their consumption perfectly over the life cycle, fiscal stimulus or 'helicopter drops of money' really can get them to spend more and help pull an economy out of recession."

Excerpt from A Sweet Life -- "Her 2016 paper in the Journal of Alzheimer’s Disease estimated that 40% of all Alzheimer’s cases were connected to hyperinsulinemia, or excess levels of insulin relative to glucose in the blood. That would include not just people with diabetes but the 86 million Americans estimated by the CDC to have prediabetes. 'If we can raise awareness and get more people tested for hyperinsulinemia … it could significantly lessen the incidence of Alzheimer’s disease and vascular dementia, as well as other diabetes-related health problems,' Schilling said in a press release."

Excerpt from Bloomberg BNA -- "'It would make sense for the company to put out as much information as it can to quell concerns about regulatory pushback,' Sundararajan told Bloomberg BNA. 'They’ve expanded globally, they’re far and away the market leader in their category, so the single biggest source of uncertainty about Airbnb’s revenue stream is regulator risk.'"

Excerpt from Project Syndicate -- "Another explanation is that the 2008 crisis is lingering in our minds, in the form of heightened fear that rare but consequential 'black swan' events could be imminent, despite moderately strong consumer-confidence measures and relatively low financial-market volatility (with some exceptions). A recent paper by New York University’s Julian Kozlowski, Laura Veldkamp, and Venky Venkateswaran argues that it is rational to harbor such fears, because once a formerly unthinkable event actually occurs, one is justified in not forgetting it."

Excerpt from Smart People Podcast -- "...What's happening over the last 4 or 5 years is that consumer usage of mobile phones and tablets has dramatically increased. It means we are spending more and more of our time there, whereas we're essentially reducing our time spent on television and newspapers and magazines, so on. Businesses find it valuable to be in those spaces, where consumers are, because then you can have a conversation with your consumer. You can have their attention."

Excerpt from Fast Company -- "Arun Sundararajan, a professor at New York University and author of the upcoming book The Sharing Economy, says that Hello Alfred has a business model that lends itself to hiring employees. 'It doesn’t make sense for them to use contractors on-demand because they’re trying to get individuals who keep going back to the same apartment,' he says. 'There’s trust that needs to build up between the customer and the Alfred.'"

Excerpt from Fast Company -- "Research on student debt and its potential effects on the economy abounds, but it tends to focus on millennials. 'Students in Distress,' an excellent study on default-related labor market shocks from NYU Stern’s Holger Mueller and Constantine Yannelis, is one recent example."

Excerpt from Vice -- "'The like button, simple as it was, tapped into a bottomless font of social feedback,' explains Adam Alter, author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'And I don't think social media companies are trying to make "addictive" platforms, per se. But since they're all competing for our (limited) time and attention, they've always been focused on making the most engaging experience possible.'"

Excerpt from Poets & Quants -- "'For the last seven-and-a-half years, we’ve been really focused on articulating what is a 21st Century vision for a business school whose roots are in Wall Street, but whose future lies as much in emerging economies and Silicon Alley and the new economy as it does in its still relevant past history,' Henry says."

Excerpt from De Tijd -- "If you can borrow without your own contribution, house prices will rise. You ultimately borrow more with the same income, so homes are still unpredictable for this group. The same is true of the systematic extension of the duration of a Belgian mortgage loan: if the monthly repayment amount decreases, house prices rise. So people always have to borrow more."

Excerpt from ValueWalk -- "A paper in 2004 by Malcolm Baker and Jeffrey Wurgler examines this question. They ask the following — do companies 'cater' to investor demands for dividends? To test this idea, they examine 4 stock price-based measures of investor demand for dividend payers."

Excerpt from i24 News -- "What's interesting is that the prediction was that Trump would be disastrous for the market before the elections. And it turned out that Trump was excellent for the market, and when things got a bit shaky for him, the market retreated significantly, and when things looked a bit better, today, the market went up again."

Excerpt from BusinessZone -- "Entitled Corporate Purpose and Financial Performance, the study monitors the responses of around 500,000 employees from 429 companies in the US over six years, revealing that purpose alone was insufficient to drive higher financial performance, and that it was the perceptions of middle managers that drove the relationship between financial performance and purpose."

Excerpt from Forbes -- "Luki and Gerrit direct creative teams (clients, students, individuals) in developing Manual Thinking maps during 'non-spoken' work sessions that are democratic, unbiased, and uniquely collaborative. Participants use removable labels to first write ideas, words and images, and later arrange them on large surfaces to create Mind Maps, which can be further adjusted at any time."

Excerpt from the Heartland Institute -- "'Many banks and nonbanking financial institutions took too much risk in the years leading up to the financial crisis, and the government felt obliged to save them to protect the broader economy,' Tuckman said. 'The solution, however, is not to reduce the scope and usefulness of bank activities in ways that will not necessarily reduce risks to the financial system.'"

Excerpt from CNBC -- "'Amazon has algorithms that go out and look for the lowest price per ounce ... then demand that their brands offer that same price or better per ounce in any package or within a nano second, or they will kick you off,' said Galloway."

Excerpt from Council on Foreign Relations -- "The Dodd-Frank Act grew out of a need to 'address this increasing propensity of the financial sector to put the entire system at risk and eventually to be bailed out at taxpayer expense,' said a 2011 report by New York University’s Stern School of Business. ... 'The Fed has a great deal more responsibility,' says Thomas Cooley, a professor at New York University’s Stern School of Business and one of the editors of the 2011 report. 'It is the primary watchdog for identifying systemically risky institutions of all types,' he explains."

Excerpt from TheStreet.com -- "'The Dow ended up losing something like more than 40% of its value from the peak [from early 1973 to October 1974], which occurred right after Nixon's reelection,' Sylla said. 'This would qualify as a major market down-move.'"

Excerpt from Bloomberg -- "After years of rising wages eroded its position as the world’s bargain manufacturer, China is striving to build its own brands and improve product quality and design. Those advances are crucial to maintaining the high growth needed to make the leap from middle- to high-income status -- a jump only five economies have managed, including Taiwan, Hong Kong and Singapore, according to Nobel laureate Michael Spence."

Excerpt from Nikkei Asian Review -- "In an interview with the Nikkei Asian Review in Hong Kong on May 5, Brenner said the perception that the VIX has "predictive power" is something promoted by '[news]letter writers and analysts, people who write to the clients." But for him, "I just use the word nonsense. It doesn't have predictive power.' Brenner was in Hong Kong to commemorate the 10th anniversary of a joint master's program on global finance involving NYU and the Hong Kong University of Science and Technology which he teaches."