Experience Stern | News & Events

Excerpt from The New York Times -- "Bryan Bollinger, who also worked on that study, drew my attention to something else in it. For the most part, Starbucks customers ordering sugary, creamy coffee beverages kept on doing so, seemingly because they had already figured that the drinks were fattening and had made a flabby peace with that. But customers indeed adjusted their food orders upon realizing that a pastry could easily exceed 400 calories. They hadn’t bargained on, or planned for, that. 'What really matters is what your prior beliefs are,' said Bollinger, who teaches marketing at New York University’s Stern School of Business."

Excerpt from Outlook India -- "According to Damodaran, an investment philosophy 'is a core set of beliefs about markets, a behavioural set of assumptions about how markets work, how they fail to work, and how to take advantage of common mistakes made by investors in the markets. This is as opposed to an investment strategy, such as buying low price to earnings stocks or going contrarian.'"

Excerpt from Bloomberg -- "'I would be surprised if they allow this [slowdown of growth] to go on much longer,' Nobel laureate Michael Spence said in an interview in Shanghai yesterday."

Excerpt from The Guardian -- "Olympic competitors, when they're randomly drawn, when they are in combat sports, they're randomly drawn to wear either red or blue and when they get red, they do better. They win about 65% of bouts when they're evenly matched. So red is a winning color."

Excerpt from CNC World -- "My thinking is that this immediate short-run market reaction on the day of the announcement was a bit of an overreaction because this was all predictable. That said, in the longer run, moving forward over the course of the next year, interest rates will be moving up. The long-term U.S. government bond rates have been at historical lows for a long, long, long time. They are going to be easing up over time as the Fed reduces its easing policy and the economy begins to improve."

Excerpt from Reuters TV -- "You should look at [the 1950s] because that's a period when not quickly but just gradually, long-term government bond interest rates trended up from 2 1/2 percent, where they were at the beginning of the period, to between 4 1/4 and 5 percent toward the end of the period, and while that was happening, the stock market had a great boom."

Excerpt from Bloomberg TV -- "[The proposed Federal Mortgage Insurance Corp.] is just going to be a recreating something that may have a different name but will end up being much like Fannie and Freddie."

Excerpt from The New York Times -- "To the extent that the U.S. government has excess revenue to subsidize the economy, it would be better to invest in more productive parts of the economy that offer higher rates of return, like education and human capital, or fixing the nation’s outdated and crumbling infrastructure."

Excerpt from China Daily -- "Michael Spence, a Nobel prize winner and now professor of economics at the Leonard N. Stern School of Business at New York University, is one who believes Lin is wrong to downplay the importance of domestic consumption. 'The supply-side shifts are important and necessary, but, for China, not sufficient. The demand- and income-side restructuring is also a key component,' he says."

Excerpt from The European Financial Review -- "In the end, it is probably leadership more than anything else that separates winners from losers over the long term – the notion that appropriate professional behaviour reinforced by a sense of belonging to a quality franchise constitutes a decisive comparative advantage. In the absence of this crucial ingredient, the financial architecture will have to rely even more on intrusive and sometimes suffocating regulation – extending well beyond systemic issues – to protect the general public from systemic risk, ultimately at substantial cost to financial efficiency and economic growth."

Excerpt from Marketplace -- "'I think the markets ought to be seeing this as a good sign,' says Lawrence White, a professor of economics at NYU's Stern School of Business. White says if the Fed scales back the aid, the markets will see it as a vote of confidence in the economy."

Excerpt from Forbes -- “'Ignorance requires our attention,' said Renee Rottner, an assistant professor at the NYU Stern School of Business, who coauthored the paper. 'We need to be rigorous about looking at history where things have been erased.'"

Excerpt from People's Daily -- "The picture that emerges is not so daunting. We can have it all: good education, better health care, and even more orchestral performances. In exchange, we will not have to surrender food, clothing, shelter, or even less essential commodities such as comfortable vacations, unrestricted travel, and readily available entertainment. This is not merely naïve optimism but something we have already experienced. The galloping college tuition increases and exploding cost of hospital care since World War II have not prevented us from consuming these and other services and goods."

Excerpt from The New York Observer -- “'I don’t think any store goes in thinking that they’re going to lose money,' said Scott Galloway, a clinical marketing professor at NYU’s Stern School of Business. 'It’s more that a lot of retailers come regardless of whether they’re going to be profitable or not.'”

Excerpt from TODAY -- "'I believe it's very widespread,' said Priya Raghubir, a professor of marketing at NYU, who explained that seeing a sale sign has a psychological impact on a customer. 'You feel smart, you feel happy, you've got a great deal, and you feel special because you managed to get this deal,' she said. 'The stores are completely playing on our emotions.'"

Excerpt from Institutional Investor -- "We have entered the New Abnormal, a period in which every market assumption must be questioned and the wise investor is prepared to be surprised."

Excerpt from Entrepreneur Magazine -- "'It's hard to put your hand into a car's engine when the car is still running, but that's what disruptive innovation is -- changing the way things are done before your business is backed into a corner,' said Williams, who spoke to a crowd of 800 business leaders at the World Innovation Forum in New York City last week."

Excerpt from Tucson Sentinel -- "“The idea that a corporation exists solely to make money is actually quite new,' explained Ralph Gomory, a professor of management at New York University...'Even in the early ’80s, you would be more likely to hear a CEO talking about his responsibilities to the country or to his employees than his duty to the shareholders.'”

Excerpt from Associated Press -- "In many cases, food products get their wholesome appearance because of the different or stripped-down ingredients companies are using to make them more natural, said Michael Cohen, a visiting assistant professor of marketing at NYU's Stern School of Business. But in other cases, companies are making tweaks just to achieve a desired look. 'Food manufacturers are adapting by the way they mold the product or the end color or texture they want the product to be,' he said."

Excerpt from BBC News -- "It's evidence of the deterioration of the finances of the national broadcaster and the amount of corruption that exists in the public sector in Greece."

Excerpt from New Zealand Herald -- "Academics Priya Raghubir and Joydeep Srivastava from New York and Maryland universities studied the specific mechanisms behind consumer spending according to payment mode and found that credit is treated as Monopoly money by consumers while spending cash reinforced the pain of paying."

Excerpt from Big Think -- "You have to marry the heart and the head. You have to be able to step back and frankly have the discipline to say, 'If we really want to help people we can’t just be driven by emotion.'"

Excerpt from The New York Times -- "The encouraging news is that the Affordable Care Act was intended to foster the evolution of a new system that can capture many of the gains currently enjoyed by countries like Sweden. For that to happen, however, Congressional critics must abandon their futile efforts to repeal Obamacare and focus instead on improving it."

Excerpt from Boston Globe -- "The amenities at SuperLux and similar movie houses represent an escalation in the competition, said Sam Craig, director of the entertainment, media, and technology program at New York University’s Stern School of Business. 'The market is segmented. People want a more elite experience,' he said. 'Theaters are finding ways to enhance the experience, but for a segment that’s willing to pay more.'”

Excerpt from The New York Times -- "Other environmental cues shape our actions because they subtly license us to behave badly. According to the heavily debated broken windows theory, people who are otherwise well behaved are more likely to commit crimes in neighborhoods with broken windows, which suggests that the area’s residents don’t care enough to maintain their property."