Monthly Archives: October 2011

The Liability of Leading: Analyzing Behavior and Risk in Jeopardy

NYU Stern professors Zur Shapira and Elizabeth Boyle coauthored “The Liability of  Leading: Battling Aspiration and Survival Goals in the Jeopardy! Tournament of  Champions,” which appears in the September issue of Organizational Science. By studying the decisions of Jeopardy contestants, … Continue reading

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Realism Rewarded

The Economist discusses the work of Nobel Laureates Thomas Sargent of NYU Stern and Christopher Sims of Princeton University. Macroeconomists are widely disparaged for getting most things wrong, but really it is a wonder that they know anything at all. … Continue reading

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Roubini Says Greek Default May Spark Lehman-Magnitude Shock

A Greek default could trigger a global economic shock on the scale of that suffered after Lehman Brother Holdings Inc.’s 2008 failure, said Nouriel Roubini, NYU Stern Professor of Economics and International Business and chairman and co-founder of Roubini Global … Continue reading

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Shooting the Messenger

Professor Viral Acharya’s paper “The Dodd-Frank Act and Basel III: Intentions, Unintended Consequences, Transition Risks, and Lessons for India” is quoted. The downgrade of State Bank of India’s (SBI’s) financial strength by Moody’s Investor  Services has come as a shock … Continue reading

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Greed and Ambition: Why Fannie Mae and Freddie Mac Need to Diet

‘Guaranteed to Fail’, a book by four NYU Stern professors is reviewed in The Economist. A shorter but heavier book, “Guaranteed to Fail”, co-written by four professors at New  York University’s Stern School of Business, one of whom used to … Continue reading

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Don’t Buy Too Much Insurance!

Professor Zur Shapira is quoted in the Wall Street Journal on purchasing multiple insurance policies. In this age of hurricanes, tsunamis, market crashes and banking crises, it isn’t any wonder that people are feeling insecure. Companies are responding by rolling … Continue reading

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NYU’s Sargent Wins 2011 Nobel Prize in Economics

New York University Economics Professor Thomas Sargent, known for work on coordinating monetary and fiscal policy, stabilizing inflation, and fighting unemployment, has been awarded the 2011 Nobel Prize in Economics. Sargent is one of the world’s leaders in modern economics, … Continue reading

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Euro Crisis Makes Fed Lender of Only Resort as Funding Ebbs

Professor Viral Acharya is quoted on unifying bank regulators on Bloomberg. The Federal Reserve, chastised by Congress for lending money to foreign institutions  including a Libyan-owned bank, is once again the lender of last resort for banks around the world … Continue reading

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