Monday, August 20, 2012

MoneyScience News

MoneyScience News


RT @maxkeiser: Buying Twitter followers is sinful, says Saudi cleric http://t.co/8tP8X4YU "The Koran is very specific about this."

Posted: 20 Aug 2012 04:26 AM PDT

moneyscience: RT @maxkeiser: Buying Twitter followers is sinful, says Saudi cleric http://t.co/8tP8X4YU "The Koran is very specific about this."

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RT @portfolioprobe: Another comparison of heuristic optimizers http://t.co/zhTGY2jg #quant #finance #rstats #optimization

Posted: 20 Aug 2012 03:07 AM PDT

moneyscience: RT @portfolioprobe: Another comparison of heuristic optimizers http://t.co/zhTGY2jg #quant #finance #rstats #optimization

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RT @ThemisSal: At least lobbyists can't bribe algos... Algorithms doing tasks once reserved for policy makers: http://t.co/VhUuXJzz

Posted: 20 Aug 2012 03:07 AM PDT

moneyscience: RT @ThemisSal: At least lobbyists can't bribe algos... Algorithms doing tasks once reserved for policy makers: http://t.co/VhUuXJzz

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Published / Preprint: Interest Rate Manipulation Detection using Time Series Clustering Approach

Posted: 20 Aug 2012 02:49 AM PDT

The Interbank Offered Rate is a vital benchmark interest rate in the financial markets of every country to which financial contracts are tied. In the light of the recent LIBOR manipulation incident, this paper seeks to address the fear that Interbank Offered Rate are entirely controlled by the bank. The paper will focus on the comparison between LIBOR and SIBOR especially with regards to the...

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Published / Preprint: Why, when, and how fast innovations are adopted

Posted: 20 Aug 2012 02:49 AM PDT

When the full stock of a new product is quickly sold in a few days or weeks, one has the impression that new technologies develop and conquer the market in a very easy way. This may be true for some new technologies, for example the cell phone, but not for others, like the blue-ray. Novelty, usefulness, advertising, price, and fashion are the driving forces behind the adoption of a new product....

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Published / Preprint: Modeling and Forecasting Persistent Financial Durations

Posted: 20 Aug 2012 02:49 AM PDT

This paper introduces the Markov-Switching Multifractal Duration (MSMD) model by adapting the MSM stochastic volatility model of Calvet and Fisher (2004) to the duration setting. Although the MSMD process is exponential {\beta}-mixing as we show in the paper, it is capable of generating highly persistent autocorrelation. We study analy 6dc tically and by simulation how this feature of...

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Published / Preprint: Locating the Source of Diffusion in Large-Scale Networks

Posted: 20 Aug 2012 02:49 AM PDT

How can we localize the source of diffusion in a complex network? Due to the tremendous size of many real networks--such as the Internet or the human social graph--it is usually infeasible to observe the state of all nodes in a network. We show that it is fundamentally possible to estimate the location of the source from measurements collected by sparsely-placed observers. We present a strategy...

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Published / Preprint: Exploring scientists' working timetable: Do scientists often work overtime?

Posted: 20 Aug 2012 02:49 AM PDT

A novel method is proposed to monitor and record scientists' working timetable. We record the downloads information of scientific papers real-timely from Springer round the clock, and try to explore scientists' working habits. As our observation demonstrates, many scientists are still engaged in their research after working hours every day. Many of them work far into the night, even till next...

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Published / Preprint: Power-law distributions in binned empirical data

Posted: 20 Aug 2012 02:49 AM PDT

Many man-made and natural phenomena, including the intensity of earthquakes, popul 8c7 ation of cities, and size of international wars, are believed to follow power-law distributions. The accurate identification of power-law patterns has significant consequences for developing an understanding of complex systems. However, statistical evidence for or against the power-law hypothesis is complicated...

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RT @portfolioprobe: Another comparison of heuristic optimizers http://t.co/iKzkaxBT #quant #finance #rstats #optimization

Posted: 20 Aug 2012 02:37 AM PDT

fin_tech: RT @portfolioprobe: Another comparison of heuristic optimizers http://t.co/iKzkaxBT #quant #finance #rstats #optimization

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RT @ThemisSal: At least lobbyists can't bribe algos... Algorithms doing tasks once reserved for policy makers: http://t.co/X44ZLJLv

Posted: 20 Aug 2012 02:26 AM PDT

fin_tech: RT @ThemisSal: At least lobbyists can't bribe algos... Algorithms doing tasks once reserved for policy makers: http://t.co/X44ZLJLv

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Blog Post: TheFinancialServicesClub: Things worth reading: the European View (13)

Posted: 20 Aug 2012 01:49 AM PDT

This week's view from Europe, courtesy of Edith Rigler :read more...

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It's a big one. The MoneyScience Digest - 18/08/12 #quant #finance #technology #money #science #linkfest http://t.co/fO2O7Gdz

Posted: 20 Aug 2012 01:39 AM PDT

BusinessSchools: It's a big one. The MoneyScience Digest - 18/08/12 #quant #finance #technology #money #science #linkfest http://t.co/fO2O7Gdz

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Eric Falkenstein has a new book out: âThe Missing #Risk Premium: Why Low Volatility Investing Worksâ #quant http://t.co/R64nZPgR

Posted: 20 Aug 2012 01:33 AM PDT

BusinessSchools: Eric Falkenstein has a new book out: “The Missing #Risk Premium: Why Low Volatility Investing Works” #quant http://t.co/R64nZPgR

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

Posted: 20 Aug 2012 12:29 AM PDT

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

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Published / Preprint: Inverse Thinking in Economic Theory: A Radical Approach to Economic Thinking. (arXiv:1208.3460v1 [q-fin.GN])

Posted: 19 Aug 2012 05:36 PM PDT

The seriousness of the current crisis urgently demands new economic thinking that breaks the austerity vs. deficit spending circle in economic policy. The core tenet of the paper is that the most important problems that natural and social science are facing today are inverse problems, and that a new approach that goes beyond optimization is necessary. The approach presented here is radical in the...

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Blog Post: Falkenblog: My New Book is Out

Posted: 19 Aug 2012 12:29 PM PDT

It's called The Missing Risk Premium: Why Low Volatility Investing Works. It's available at Amazon for $14.95. A Kindle version is going to be ready in about 2 weeks that will be a little cheaper.  It would be a great complement to a Corporate Finance course, and should be of interest to anyone interested in the truth on something very fundamental: what do people maximize? I get into...

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RT @msgbi: Machine learning textbook http://t.co/pBAG3thm via @prismatic

Posted: 19 Aug 2012 09:02 AM PDT

fin_tech: RT @msgbi: Machine learning textbook http://t.co/pBAG3thm via @prismatic

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Financial Technology News Report is out! http://t.co/Jds9GCg0 : Top stories today via @Equinix @jimnup @nanexllc

Posted: 19 Aug 2012 05:50 AM PDT

fin_tech: Financial Technology News Report is out! http://t.co/Jds9GCg0 â–¸ Top stories today via @Equinix @jimnup @nanexllc

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Link Library: Frequently Asked Questions about QuantLib

Posted: 24 Apr 2012 05:05 AM PDT

1. General questions 1.1. Is it OK to email a QuantLib developer to ask questions, or seek help, or report a bug? 1.2. How should I report a bug? 1.3. Thanks for this project. How can I give back to it? 1.4. Amazon Wish List? Aren't you ashamed of yourselves? 2. Contributing to the project 2.1. I'm interested in getting involved with the project. What should I do? 2.2. How do I...

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