Experience Stern | News & Events

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 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."

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."

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."

Excerpt from The Washington Post -- "'The U.S. tax code is filled with all kinds of ornaments' that help the oil and gas industry, said Damodaran. A decades-old depletion allowance, for example, allows companies to deduct money as a natural resource is produced and sold. This comes on top of other deductions for various expenses."

Excerpt from The Washington Post -- "'Banks can change their portfolios relatively rapidly, which means they can get into trouble relatively rapidly,' he said. There should be more stress tests, not less, White argued. 'The whole point is that these guys are big and systemic,' White said. 'If they found themselves in an adverse scenario, the consequences are substantial.'"

Excerpt from Business Insider -- "Millennials spend more time watching Netflix than they do all of cable TV combined. The scary thing for Netflix is that Amazon, whose core business isn’t even streaming video is going to spend $5 billion on original content this year, more than NBC or ABC at $4 billion or HBO at $2.5 billion. Netflix is at $6.5 billion."

Excerpt from Forbes -- "Enter important new research, released last summer, which shows that companies that instill a sense of purpose reap meaningful financial benefits. 'Ultimately, our study suggests that purpose does, in fact, matter,' write two of the study’s co-authors, George Serafeim and Claudine Gartenberg, in the Harvard Business Review."

Excerpt from Publishers Weekly -- "During a presentation called 'A Change-Management Perspective,' he said that failure 'is central to innovation.' He added: 'If you only look at successes, you miss an important aspect. Failure is common and instructive.'"

Excerpt from The Wall Street Journal -- "What you saw coming out of the press releases about climate data, climate analyses, was, I would say, misleading. Sometimes, just wrong, but much more often misleading. For example, in the national climate assessment that came out in 2014, from the US Global Change Research Program, one of the key findings is that hurricane activity increased from 1980. What they forgot to tell you, and you don't know until you read all the way into the fine print, is that it actually decreased in the decades before that. And all of the papers at that time and currently say there's no detectable long-term trend in hurricanes."

Excerpt from Poets & Quants -- "'Because movies are typically made for mass consumption, the portrayal of business professionals in them reflects how MBAs are seen by some non-trivial percentage of the general public at that time. [Pettit] ‘[Twelve Angry Men is] not about business explicitly, but it’s a great example of how to persuade others effectively, which is a critical skill in business. Like many other b-school professors I use it to teach persuasion in my leadership class.' [Leslie]”

Excerpt from The New York Times -- "Thomas Philippon, an economist at New York University, has published papers on the financial service industry’s share of the nation’s gross domestic product, or G.D.P. In the 1920s, finance’s share of G.D.P. doubled, with most of the growth taking place in the second half of the decade."