Tuesday, May 29, 2012

MoneyScience News

MoneyScience News


The Flame malware is capable of recording audio via a microphone, compressing it & sending it back to the attacker http://t.co/n408kf01 #tcm

Posted: 29 May 2012 04:46 AM PDT

moneyscience: The Flame malware is capable of recording audio via a microphone, compressing it & sending it back to the attacker http://t.co/n408kf01 #tcm

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Published / Preprint: 29May/Innovations in retail payments: report released by the CPSS

Posted: 29 May 2012 03:50 AM PDT

Press release about CPSS releasing a report on "Innovations in retail payments" (BIS Press Release 29 May 2012)

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The Flame malware is capable of recording audio via a microphone, compressing it & sending it back to the attacker http://t.co/MBLOSpL8 #tcm

Posted: 29 May 2012 03:47 AM PDT

fin_tech: The Flame malware is capable of recording audio via a microphone, compressing it & sending it back to the attacker http://t.co/MBLOSpL8 #tcm

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@Cassinthenews: Cass Real Estate Society hosts sell out conference http://t.co/F4Get56O

Posted: 29 May 2012 03:12 AM PDT

BusinessSchools: @Cassinthenews: Cass Real Estate Society hosts sell out conference http://t.co/F4Get56O

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Visit from Chinese delegates to ICMA Centre

Posted: 29 May 2012 02:45 AM PDT

The ICMA Centre has just finished hosting 37 delegates from the Securities Association of China for a 3 week course on Asset Management studies. The 37 students represented many various members of the Securities Association of China and came from across their nation. Many of them would never have met each other if it weren’t for their inclusion on theContinue reading

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Blog Post: TheFinancialServicesClub: Bank innovations must be culturally relevant

Posted: 29 May 2012 01:26 AM PDT

I’ve been struck by many nuances of culture and creed lately.read more...

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The Financial Education Daily is out! http://t.co/TYluKzUv ⸠Top stories today via @iesebs @UCBerkeleyNews

Posted: 29 May 2012 12:35 AM PDT

BusinessSchools: The Financial Education Daily is out! http://t.co/TYluKzUv â–¸ Top stories today via @iesebs @UCBerkeleyNews

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Published / Preprint: Importance of individual events in temporal networks

Posted: 29 May 2012 12:24 AM PDT

Records of time-stamped social interactions between pairs of individuals (e.g., face-to-face conversations, e-mail exchanges, and phone calls) constitute a so-called temporal network. A remarkable difference between temporal networks and conventional static networks is that time-stamped events rather than links are the unit elements generating the collective behavior of nodes. We propose an...

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Published / Preprint: Four Degrees of Separation, Really

Posted: 29 May 2012 12:24 AM PDT

We recently measured the average distance of users in the Facebook graph, spurring comments in the scientific community as well as in the general press ("Four Degrees of Separation"). A number of interesting criticisms have been made about the meaningfulness, methods and consequences of the experiment we performed. In this paper we want to discuss some methodological aspects that we deem...

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Blog Post: TheAlephBlog: Book Review: The Billion Dollar Mistake

Posted: 28 May 2012 11:21 PM PDT

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Published / Preprint: A Multi-Level Lorentzian Analysis of the Basic Structures of the Daily DJIA. (arXiv:1205.5820v1 [q-fin.ST])

Posted: 28 May 2012 05:30 PM PDT

A quantitative analysis of the basic components of the daily DJIA. The parameters of the underlying Lorentzian states are obtained by fitting the data. Statistical properties of the states are discussed. This is a practical development of the general method introduced in arXiv:1203.6021.

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Published / Preprint: Toward A Normative Theory of Normative Marketing Theory. (arXiv:1205.5821v1 [q-fin.GN])

Posted: 28 May 2012 05:30 PM PDT

We show how different approaches to developing marketing strategies depending on the type of environment a firm faces, where environments are distinguished in terms of their systems properties not their context. Particular emphasis is given to turbulent environments in which outcomes are not a priori predictable and are not traceable to individual firm actions and we show that, in...

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Published / Preprint: Stability of the exponential utility maximization problem with respect to preferences. (arXiv:1205.6160v1 [q-fin.PM])

Posted: 28 May 2012 05:30 PM PDT

This paper studies stability of the exponential utility maximization when there are small variations on agent's utility. Two settings are studied. First, in a general semimartingale model where random endowments are present, there is a sequence of utilities defined on R converging to the exponential utility. Under a uniform condition on their marginal utilities, convergence of value functions,...

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Published / Preprint: A Multi Period Equilibrium Pricing Model. (arXiv:1205.6193v1 [math.OC])

Posted: 28 May 2012 05:30 PM PDT

In this paper, we propose an equilibrium pricing model in a dynamic multi-period stochastic framework with uncertain income streams. In an incomplete market, there exist two traded risky assets (e.g. stock/commodity and weather derivative) and a non-traded underlying (e.g. temperature). The risk preferences are of exponential (CARA) type with a stochastic coefficient of risk aversion. Both time...

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Published / Preprint: Inf-convolution of g_\Gamma-solution and its applications. (arXiv:1103.1050v2 [math.OC] UPDATED)

Posted: 28 May 2012 05:30 PM PDT

A risk-neutral method is always used to price and hedge contingent claims in complete market, but another method based on utility maximization or risk minimization is wildly used in more general case. One can find all kinds of special risk measure in literature. In this paper, instead of using market modified risk measure, we use a kind of risk measure induced by g_\Gamma-solution or the...

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Published / Preprint: Storage option an Analytic approach. (arXiv:1011.1234v3 [q-fin.CP] CROSS LISTED)

Posted: 28 May 2012 05:30 PM PDT

The mathematical problem of the static storage optimisation is formulated and solved by means of a variational analysis. The solution obtained in implicit form is shedding light on the most important features of the optimal exercise strategy. We show how the solution depends on different constraint types including carry cost and cycling constraint. We investigate the relation between intrinsic...

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Blog Post: Falkenblog: More Volatility-Return Evidence

Posted: 28 May 2012 03:54 PM PDT

Robeco's David Blitz addresses the low-vol anomaly by looking at an alternative to the Fama-French 3 factor model that basically assumes equity managers are all benchmarking (see Agency-Based Asset Pricing and the Beta Anomaly). If true, the relevant metric of risk is not total return volatility, but rather benchmark volatility, where the benchmark is the market. He calls this an 'agency based...

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Cass Real Estate Society hosts sell out conference

Posted: 28 May 2012 01:33 PM PDT

It brought together students, professionals and experts from the global real estate market

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Personality in 100,000 Words: A large-scale analysis of personality and word use among bloggers - http://t.co/eFoU422j

Posted: 28 May 2012 06:22 AM PDT

BusinessSchools: Personality in 100,000 Words: A large-scale analysis of personality and word use among bloggers - http://t.co/eFoU422j

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Financial Technology News Report is out! http://t.co/Jds9GCg0 : Top stories today via @WatersTech @SellSideTech @SASsoftware

Posted: 28 May 2012 05:58 AM PDT

fin_tech: Financial Technology News Report is out! http://t.co/Jds9GCg0 â–¸ Top stories today via @WatersTech @SellSideTech @SASsoftware

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Vendor News: ãÂÂã£ãÂÂãÂÂãµãÂȋ°ã«ã¼ã plc 2011å¹´1æÂÂï½Â12æÂÂ決ç®ÂãÂÂçº表

Posted: 28 May 2012 05:49 AM PDT

Academics, wld u consider recommending MoneyScience 2 your students? Let me know! I wld like 2 set up a student section http://t.co/P6EETYsX

Posted: 28 May 2012 05:32 AM PDT

BusinessSchools: Academics, wld u consider recommending MoneyScience 2 your students? Let me know! I wld like 2 set up a student section http://t.co/P6EETYsX

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Research Library: The Gambler's and Hot-Hand Fallacies: Theory and Applications

Posted: 28 May 2012 05:21 AM PDT

Matthew Rabin University of California, Berkeley - Department of Economics Dimitri Vayanos London School of Economics; Center for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER) AFA 2010 Atlanta Meetings Paper Abstract We develop a model of the gambler's fallacy -- the mistaken belief that random sequences should exhibit systematic reversals. We show that an...

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Research Library: Why Do People Pay for Useless Advice? Implications of Gambler's and Hot-Hand Fallacies in False-Expert Setting

Posted: 28 May 2012 05:13 AM PDT

Nattavudh Powdthavee, Yohanes E. Riyanto (May 2012)   Abstract We investigated experimentally whether people can be induced to believe in a non-existent expert, and subsequently pay for what can only be described as transparently useless advice about future chance events. Consistent with the theoretical predictions made by Rabin (2002) and Rabin and Vayanos (2010), we show empirically...

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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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