Tuesday, May 1, 2012

MoneyScience News

MoneyScience News


Blog Post: TheReformedBroker: Hot Links: Here We Go!

Posted: 01 May 2012 05:02 AM PDT

Your morning financial links, expertly curated.

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Noam Chomsky on #Occupy http://t.co/pFNNcABp - David Miliband on #Austerity http://t.co/Zd0XM6pn #tcm

Posted: 01 May 2012 04:52 AM PDT

moneyscience: Noam Chomsky on #Occupy http://t.co/pFNNcABp - David Miliband on #Austerity http://t.co/Zd0XM6pn #tcm

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Apple's Tax Planning is unsurprisingly sophisticated - http://t.co/vvrr1V8i #tcm

Posted: 01 May 2012 04:52 AM PDT

moneyscience: Apple's Tax Planning is unsurprisingly sophisticated - http://t.co/vvrr1V8i #tcm

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There is a data revolution occurring in #science - http://t.co/I0Lz5otE #bigdata #tcm

Posted: 01 May 2012 04:52 AM PDT

moneyscience: There is a data revolution occurring in #science - http://t.co/I0Lz5otE #bigdata #tcm

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Research Library: Gamblers as Personal Finance Activists

Posted: 01 May 2012 04:46 AM PDT

Geng Li Abstract Gambling behavior can serve as an informative indicator of important household heterogeneity that is difficult to observe directly in data. We present, to the best of our knowledge, the first comprehensive study of the consumption and personal finance of gamblers using a nationwide representative household survey. We find that consumers are more likely to gamble when income is...

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There is a data revolution occurring in #science - http://t.co/lkFWbn3J #bigdata #tcm

Posted: 01 May 2012 04:35 AM PDT

fin_tech: There is a data revolution occurring in #science - http://t.co/lkFWbn3J #bigdata #tcm

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Blog Post: PatrickBurns: Popular posts 2012 April

Posted: 01 May 2012 04:34 AM PDT

Most popular posts in 2012 April Information flows like water Replacing market indices The top 7 portfolio optimization problems A tale of two returns (posted in 2010) Cross-sectional skewness and kurtosis: stocks and portfolios Three things factor models do Beta is not volatility What the hell is a variance matrix? (posted in 2010) The quality of variance matrix estimation Low (and high)...

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Credit default swaps: Useful, misleading, dangerous?

Posted: 01 May 2012 03:53 AM PDT

read more...

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Blog Post: RobertPestonBlog: Murdoch 'not fit' to run News Corp

Posted: 01 May 2012 03:43 AM PDT

The bombshell is on page 70 of the report by the Culture Media and Sport Select Committee into News International and phone-hacking.read more...

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@Cassinthenews: Is there a single answer to getting more women in boardrooms? http://t.co/zYaMcUsW

Posted: 01 May 2012 03:18 AM PDT

BusinessSchools: @Cassinthenews: Is there a single answer to getting more women in boardrooms? http://t.co/zYaMcUsW

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Blog Post: FINalternatives: Fund Focus: AlphaNorth Opens Flagship To New Investment

Posted: 01 May 2012 01:11 AM PDT

Toronto-based investment manager AlphaNorth Asset Management has opened its flagship AlphaNorth Partners Fund to new investment.read more...

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Blog Post: TheFinancialServicesClub: CAS-WG and the next Plenary

Posted: 01 May 2012 01:10 AM PDT

Further to the launch of the Clearing and Settlement Working Group (CAS-WG) two months ago (read more here), we have been a little quiet as the core membership of the group determined to map out details of subject groups and next steps.read more...

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The Financial Education Daily is out! http://t.co/TYlzia3F ⸠Top stories today via @kelleyindy @graziadioschool @noamwass

Posted: 01 May 2012 12:48 AM PDT

BusinessSchools: The Financial Education Daily is out! http://t.co/TYlzia3F รข–¸ Top stories today via @kelleyindy @graziadioschool @noamwass

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Blog Post: TheAlephBlog: More on Penny Stocks

Posted: 01 May 2012 12:38 AM PDT

The main idea is this: if any unpaid third party recommends a stock to you, avoid it.ร‚  I am not talking about the media here, but those who are paid to advertise stocks.read more...

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Blog Post: ThoughtEconomics: Humanity's Relationship with Animals

Posted: 30 Apr 2012 10:14 PM PDT

In this exclusive interview, we speak to Ingrid Newkirk (Co-Founder and President of PETA - People for the Ethical Treatment of Animals). We discuss the relationship of our species with the animal kingdom. We look at issues ranging from animal rights, to the use of animals for food, clothing, entertainment experimentation and more. -------------------------------------------------- Vikas...

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Published / Preprint: Optimal modularity: a demonstration of the evolutionary advantage of modular architectures

Posted: 30 Apr 2012 09:31 PM PDT

Modularity is an important concept in evolutionary theorizing but lack of a consistent definition renders study difficult. Using the generalized NK-model of fitness landscapes, we differentiate modularity from decomposability. Modular and decomposable systems are both composed of subsystems, but in the former, these subsystems are connected via interface standards, while in the latter, subsystems...

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Blog Post: TheMonetaryFuture: Be Your Own Bank: Bitcoin Wallet for Apple

Posted: 30 Apr 2012 09:02 PM PDT

By Jon Matonis Forbes Thursday, April 26, 2012 http://www.forbes.com/sites/jonmatonis/2012/04/26/be-your-own-bank-bitcoin-wallet-for-apple/ Have you ever wanted to be your own bank? There's an app for that. With the new Blockchain bitcoin wallet for Appleรข€™s iPhone, iPad, and iPod touch, anyone can emulate the functionality of a bank. Simply download the free app from the App Store and you have...

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Blog Post: Debtwatch: Australian House Prices down 10% from Peak

Posted: 30 Apr 2012 08:42 PM PDT

There are several providers of statistics on Australian house prices, but only one that doesn’t have a vested interest in the direction house prices actually move in: the Australian Bureau of Statistics. So despite the criticisms of this seriesรข€"that it’s based on detached dwellings only, based on median sales data, too infrequent, not adjusted for […] ↓ Read the rest of...

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Blog Post: Falkenblog: Critique of Mencken

Posted: 30 Apr 2012 08:06 PM PDT

This essay by Fred Siegel makes a critique of Mencken I never thought I'd appreciate as I love Mencken:[deriding the academic aspirations of the masses was] championed not only by leftists such as Cowley, but also by Nietzscheans such as H.L. Mencken, the critic and editor whom Walter Lippmann described in 1926 as รข€œthe most powerful influence on this whole generation of educated peopleรข€ who...

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Blog Post: AllAboutAlpha: A Life-changing £600 Million

Posted: 30 Apr 2012 05:44 PM PDT

"Over the next decade, impact investment will constitute an investment opportunity of between US$400 billion and US$1 trillion, generating profits of between US$183 billion and US$667 billion..."

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Published / Preprint: Applications of statistical mechanics to economics: Entropic origin of the probability distributions of money, income, and energy consumption. (arXiv:1204.6483v1 [q-fin.ST])

Posted: 30 Apr 2012 05:32 PM PDT

This Chapter is written for the Festschrift celebrating the 70th birthday of the distinguished economist Duncan Foley from the New School for Social Research in New York. This Chapter reviews applications of statistical physics methods, such as the principle of entropy maximization, to the probability distributions of money, income, and global energy consumption per capita. The exponential...

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Published / Preprint: Optimal multifactor trading under proportional transaction costs. (arXiv:1204.6488v1 [q-fin.TR])

Posted: 30 Apr 2012 05:32 PM PDT

Proportional transaction costs present difficult theoretical problems in trading algorithm design, on account of their lack of analytical tractability. The author derives a solution of DT-NT-DT form for an arbitrary model in which the the traded asset has diffusive dynamics described by one or more stochastic risk factors. The width of the NT zone is found to be, as expected, proportional to the...

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Published / Preprint: The monetary growth order. (arXiv:1204.6590v1 [q-fin.GN])

Posted: 30 Apr 2012 05:32 PM PDT

Growth of monetary assets and debts is commonly described by the formula of compound interest which for the case of continuous compounding is the exponential growth law. Its differential form is dc/dt = i c where dc/dt describes the rate of monetary growth, i the compounded interest rate and c the actual principal. Exponential growth of this type is fixed to be neither resource-limited nor...

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Published / Preprint: Partial differential operators with non-negative characteristic form, maximum principles, and uniqueness for boundary value and obstacle problems. (arXiv:1204.6613v1 [math.AP])

Posted: 30 Apr 2012 05:32 PM PDT

We prove weak and strong maximum principles, including a Hopf lemma, for classical solutions to equations defined by linear, second-order, partial differential operators with non-negative characteristic form (degenerate-elliptic operators), in the presence of a second-order boundary condition of Ventcel type along the degeneracy locus of the principle symbol of the operator on the domain...

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Published / Preprint: Modelling the emergence of spatial patterns of economic activity. (arXiv:1204.6638v1 [cs.MA])

Posted: 30 Apr 2012 05:32 PM PDT

Understanding how spatial configurations of economic activity emerge is important when formulating spatial planning and economic policy. A simple model was proposed by Simon, who assumed that firms grow at a rate proportional to their size, and that new divisions of firms with certain probabilities relocate to other firms or to new centres of economic activity. Simon's model produces realistic...

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Published / Preprint: Robust Maximization of Asymptotic Growth under Covariance Uncertainty. (arXiv:1107.2988v2 [q-fin.PM] UPDATED)

Posted: 30 Apr 2012 05:32 PM PDT

This paper resolves a question proposed in Kardaras and Robertson (arXiv:1005.3454) how to invest in a robust growth-optimal way in a market where precise knowledge of the covariance structure of the underlying process is unavailable. Among an appropriate class of admissible covariance structures, we characterize the optimal trading strategy in terms of a generalized version of a principal...

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Blog Post: FinanceClippings: Morgan Stanley's analyst report on Lehman, June 2008

Posted: 30 Apr 2012 01:43 PM PDT

"Not Broken, poised for profitability"...Yeah right. via Reformed Broker.

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Blog Post: MusingsonMarkets: Governments and Value III: Bribery, Corruption and other "Dark" Costs

Posted: 30 Apr 2012 12:43 PM PDT

In this last post on the effects of government on valuations, I want to return to the value destructive effects that corruption, bribery and other "illegal" side-payments to government officials can have on value. In many countries, business people know that to keep doing business, they have to grease palms and provide รข€œgratuitiesรข€ to the gatekeepers of officialdom. A spate of news stories in...

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Blog Post: EconometricsBeat: The Data Journalism Handbook

Posted: 30 Apr 2012 12:40 PM PDT

I found this post by Michael Blastland on The Guardian's DataBlog to be refreshing. It's good to see a collaborative international venture aimed at encouraging high quality data presentation and interpretation by journalists. The Data Journalism Handbook was launched yesterday, and it's a free open-source reference book. ร‚© 2012, David E. Giles

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Blog Post: HighFrequencyTradingReview: Fixnetix invites you to NYSE Technologies Innovation Forum London May 17th

Posted: 30 Apr 2012 10:24 AM PDT

Client data protection and resilient IT have always been critical, but many financial institutions are now considering how best to maintain these requirements whilst leveraging the cost-effectiveness of professional managed services and cloud computing. Please register your interest to join us on 17th May at 6pm at the NYSE Technologies Innovation Forum where issues around this balancing act...

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Is there a single answer to getting more women in boardrooms?

Posted: 30 Apr 2012 10:21 AM PDT

There is no silver bullet for boardroom equality, panel saysread more...

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Blog Post: TimingLogic: Spanish Unemployment Hits 25%

Posted: 30 Apr 2012 09:08 AM PDT

Back before the EU crisis was in full bloom I wrote that Spain could be the first nation to leave the union.  While that hasnรข€™t played outรข€¦รข€¦รข€¦  yetรข€¦รข€¦รข€¦  that possibility still exists.  Spainรข€™s dissent is reasonably well organized and very broad in its base.  There have been massive public protests and movements within Spain as reported by The Real...

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Financial Technology News Report is out! http://t.co/Jdseecpa : Top stories today via @progresssw @kirkwy @colt_technology @inasap @fin_tech

Posted: 30 Apr 2012 05:52 AM PDT

fin_tech: Financial Technology News Report is out! http://t.co/Jdseecpa รข–¸ Top stories today via @progresssw @kirkwy @colt_technology @inasap @fin_tech

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Blog Post: QFINANCE: Rain in Spain falls mainly on the banks...

Posted: 30 Apr 2012 05:46 AM PDT

Event: Introduction to Hedging with Options - Bangkok

Posted: 25 Apr 2012 03:32 AM PDT

Location: Bangkok; Date: May 31st, 2012; This course is designed to introduce you to the terminology and characteristics of traded options, the principles of how option pricing models work and hedging strategies. The course will highlight how the theory of hedging with options can be implemented at an organisational level.read more...

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Event: Introduction to Hedging with Futures - Bangkok

Posted: 25 Apr 2012 03:29 AM PDT

Location: Bangkok; Date: May 30th, 2012; This course will provide you with a thorough understanding of the basics of hedging with futures, covering market terminology, trading strategies and margining of LME futures contracts.read more...

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Event: Introduction to the London Metal Exchange - Bangkok

Posted: 25 Apr 2012 03:27 AM PDT

Location: Bangkok; Date: May 29th, 2012; This course offers you a solid introduction to the services provided by the London Metal Exchange. It provides an in-depth overview of operations, structure, products, trading terminology and procedures.read more...

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Event: Introduction to Hedging with Futures - Dusseldorf

Posted: 25 Apr 2012 03:18 AM PDT

Location: Dusseldorf; Date: May 29th, 2012; This course will provide you with a thorough understanding of the basics of hedging with futures, covering market terminology, trading strategies and margining of LME futures contracts.read more...

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Event: Introduction to the London Metal Exchange - Dusseldorf

Posted: 25 Apr 2012 03:13 AM PDT

Location: Dusseldorf; Date: May 23rd, 2012; This course offers you a solid introduction to the services provided by the London Metal Exchange. It provides an in-depth overview of operations, structure, products, trading terminology and procedures.read more...

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Event: Introduction to Hedging with Options - London

Posted: 25 Apr 2012 03:06 AM PDT

Location: London; Date: May 11th, 2012; This course is designed to introduce you to the terminology and characteristics of traded options, the principles of how option pricing models work and hedging strategies. The course will highlight how the theory of hedging with options can be implemented at an organisational level.read more...

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Event: Introduction to Hedging with Futures - London

Posted: 25 Apr 2012 03:03 AM PDT

Location: The London Metal Exchange; Date: May 10th, 2012; This course will provide you with a thorough understanding of the basics of hedging with futures, covering market terminology, trading strategies and margining of LME futures contracts.read more...

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Event: Introduction to the London Metal Exchange - London

Posted: 25 Apr 2012 03:01 AM PDT

Location: The London Metal Exchange; Date: May 9th, 2012; This course offers you a solid introduction to the services provided by the London Metal Exchange. It provides an in-depth overview of operations, structure, products, trading terminology and procedures.read more...

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Event: Introduction to Physical Trading and Warehousing - London

Posted: 25 Apr 2012 02:57 AM PDT

Location: The London Metal Exchange; Date: May 8th, 2012; This course will provide you with a comprehensive overview of physical trading and how the LME approved warehouse system operates.read more...

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Event: An Overview of Risk Management - Singapre

Posted: 25 Apr 2012 02:51 AM PDT

Location: Singapore; Date: May 4th, 2012; This course concentrates on the thinking behind risk management rather than the execution and considers every aspect of a strategy, from design through to execution and beyond.read more...

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Event: Basics of London Metal Exchange Regulatory Operations - Singapore

Posted: 25 Apr 2012 02:46 AM PDT

Location: Singapore; Date: May 3rd, 2012; This course will give you an understanding of how the key LME regulatory requirements work and the impact that they have on operations and the business.read more...

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Event: Getting Started with the London Metal Exchange - Singapore

Posted: 25 Apr 2012 02:39 AM PDT

Location: Singapore; Date: May 3rd, 2012; This seminar offers you an overview of services provided by the London Metal Exchange. You will get an introduction to its primary services - pricing, hedging and physical delivery, as well as gain understanding of the trading terminology and procedures on the LME.read more...

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Event: Fundamental Analysis - London

Posted: 25 Apr 2012 02:36 AM PDT

Location: The London Metal Exchange; Date: May 3rd, 2012; Our Fundamental Analysis course will give you insight into a widely used form of market analysis for commodities markets.read more...

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