Friday, August 3, 2012

MoneyScience News

MoneyScience News


Published / Preprint: Material needs and aggregate demand

Posted: 03 Aug 2012 04:13 AM PDT

A central conclusion of the standard theory of consumption is that consumers' preferences can be taken as theoretical primitives. Special categories of consumption, such as "basic needs", or of goods, such as "subsistence goods" are seen as extra theoretical baggage that add few, if any, insights. This theoretical orientation has been absorbed into the theory of aggregate demand, but the...

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RT @carlcarrie: Video - CNBC's Knightmare on Wall Street http://t.co/Cwn2iaPw

Posted: 03 Aug 2012 02:48 AM PDT

fin_tech: RT @carlcarrie: Video - CNBC's Knightmare on Wall Street http://t.co/Cwn2iaPw

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RT @carlcarrie: Video - CNBC's Knightmare on Wall Street http://t.co/3od6rdaM

Posted: 03 Aug 2012 02:48 AM PDT

moneyscience: RT @carlcarrie: Video - CNBC's Knightmare on Wall Street http://t.co/3od6rdaM

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RT @CNNMoney: The high frequency trading battle is resulting in big losses for Wall Street, but for us too. http://t.co/Fp7EJ0Ij $KCG

Posted: 03 Aug 2012 02:48 AM PDT

moneyscience: RT @CNNMoney: The high frequency trading battle is resulting in big losses for Wall Street, but for us too. http://t.co/Fp7EJ0Ij $KCG

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RT @CNNMoney: The high frequency trading battle is resulting in big losses for Wall Street, but for us too. http://t.co/PaHsrdOY $KCG

Posted: 03 Aug 2012 02:38 AM PDT

fin_tech: RT @CNNMoney: The high frequency trading battle is resulting in big losses for Wall Street, but for us too. http://t.co/PaHsrdOY $KCG

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Blog Post: TheFinancialServicesClub: Five Good Things Banks Are Doing

Posted: 03 Aug 2012 01:56 AM PDT

Someone made the comment that I would not receive any business from the five banks named yesterday with the biggest mistakes, so I thought I would rectify that by picking on five good things that banks are doing.read more...

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The Financial Education Daily is out! http://t.co/TYluKzUv

Posted: 03 Aug 2012 12:21 AM PDT

BusinessSchools: The Financial Education Daily is out! http://t.co/TYluKzUv

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Blog Post: Falkenblog: Israeli's Advantage Over Palestine: Not Culture!

Posted: 02 Aug 2012 05:56 PM PDT

One of the greatest stars in modern economics is Darron Acemoglu, who wrote Why Nations Fail with Harvard political scientist James Robinson. Commenting on Mitt Romney's quip that Israel has a more productive 'culture' than Palestine, Robinson's notes: "Mitt is confused." The article interviews these experts who point out the true culprits: human capital, institutions, elites, and government...

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Published / Preprint: Can Metropolitan Housing Risk be Diversified? A Cautionary Tale from the Recent Boom and Bust. (arXiv:1208.0371v1 [q-fin.PM])

Posted: 02 Aug 2012 05:30 PM PDT

Geographic diversification is fundamental to risk mitigation among investors and insurers of housing, mortgages, and mortgage-related derivatives. To characterize diversification potential, we provide estimates of integration, spatial correlation, and contagion among US metropolitan housing markets. Results reveal a high and increasing level of integration among US markets over the decade of the...

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Published / Preprint: Directed Random Markets: Connectivity determines Money. (arXiv:1208.0451v1 [nlin.AO])

Posted: 02 Aug 2012 05:30 PM PDT

Boltzmann-Gibbs distribution arises as the statistical equilibrium probability distribution of money among the agents of a closed economic system where random and undirected exchanges are allowed. When considering a model with uniform savings in the exchanges, the final distribution is close to the gamma family. In this work, we implement these exchange rules on networks and we find that these...

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Published / Preprint: Weighted Kolmogorov-Smirnov test: accounting for the tails. (arXiv:1207.7308v1 [stat.AP] CROSS LISTED)

Posted: 02 Aug 2012 05:30 PM PDT

Accurate Goodness of Fit tests for the extreme tails of empirical distributions is a very important issue, relevant in many contexts, including geophysics, insurance and finance. We have derived exact asymptotic results for a generalization of the Kolmogorov-Smirnov test, well suited to test these extreme tails. In passing, we have rederived and made more precise the result of [P. L. Krapivsky...

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Algorithmic Trading Glitch Costs Knight Capital $440 Million

Posted: 02 Aug 2012 12:02 PM PDT

Via Slashdot:read more...

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Financial Research Centers #16 Center for International Securities and Derivatives Markets - http://t.co/c7hr9LPG @IsenbergUMass

Posted: 02 Aug 2012 09:22 AM PDT

BusinessSchools: Financial Research Centers #16 Center for International Securities and Derivatives Markets - http://t.co/c7hr9LPG @IsenbergUMass

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Financial Research Centers #15 - Financial Mathematics at Kings College London http://t.co/IHeIEZA1 @KingsCollegeLon

Posted: 02 Aug 2012 08:57 AM PDT

BusinessSchools: Financial Research Centers #15 - Financial Mathematics at Kings College London http://t.co/IHeIEZA1 @KingsCollegeLon

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Financial Research Centers #14 - Edgeworth Centre for Financial Mathematics, Dublin City University B-School http://t.co/wqKST62x @dcubs

Posted: 02 Aug 2012 08:34 AM PDT

BusinessSchools: Financial Research Centers #14 - Edgeworth Centre for Financial Mathematics, Dublin City University B-School http://t.co/wqKST62x @dcubs

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RT @QFINANCEnews: IMF turns euro skeptic: beginning of the end? http://t.co/UAtaoRyW

Posted: 02 Aug 2012 08:15 AM PDT

moneyscience: RT @QFINANCEnews: IMF turns euro skeptic: beginning of the end? http://t.co/UAtaoRyW

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Foreign degrees no longer give graduates advantage in China http://t.co/Kx2SyC0Q

Posted: 02 Aug 2012 08:06 AM PDT

BusinessSchools: Foreign degrees no longer give graduates advantage in China http://t.co/Kx2SyC0Q

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Financial Technology News Report is out! http://t.co/Jds9GCg0 : Top stories today via @automatedtrader @globalcustodian @AdvancedTrading

Posted: 02 Aug 2012 05:47 AM PDT

fin_tech: Financial Technology News Report is out! http://t.co/Jds9GCg0 รข–¸ Top stories today via @automatedtrader @globalcustodian @AdvancedTrading

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