Monday, September 17, 2012

MoneyScience News

MoneyScience News


Published / Preprint: Plasticity facilitates sustainable growth in the commons

Posted: 17 Sep 2012 03:00 AM PDT

In the commons, communities whose growth depends on public goods, individuals often rely on surprisingly simple strategies, or heuristics, to decide whether to contribute to the common good (at risk of exploitation by free-riders). Although this appears a limitation, here we show how four heuristics lead to sustainable growth by exploiting specific environmental constraints. 759 The two simplest...

Visit MoneyScience for the Complete Article.

Blog Post: TheFinancialServicesClub: Things worth reading: 17th September 2012

Posted: 17 Sep 2012 01:32 AM PDT

Things we're reading today include ...read more...

Visit MoneyScience for the Complete Article.

'Gamify your #PhD': Gaming and research collide http://t.co/Fqcdoadr

Posted: 17 Sep 2012 12:59 AM PDT

BusinessSchools: 'Gamify your #PhD': Gaming and research collide http://t.co/Fqcdoadr

Visit MoneyScience for the Complete Article.

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

Posted: 17 Sep 2012 12:25 AM PDT

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

Visit MoneyScience for the Complete Article.

The Use of Knowledge in Society - Friedrich A. Hayek (1945) http://t.co/a3U47yYb

Posted: 17 Sep 2012 12:09 AM PDT

BusinessSchools: The Use of Knowledge in Society - Friedrich A. Hayek (1945) http://t.co/a3U47yYb

Visit MoneyScience for the Complete Article.

Research Library: The Use of Knowledge in Society - Friedrich A. Hayek (1945)

Posted: 16 Sep 2012 11:47 PM PDT

Extract What is the problem we wish to solve when we try to construct a rational economic order? On certain familiar assumptions the answer is simple enough. If we possess all the relevant information, if we can start out from a given system of preferences, and if we command complete knowledge of available means, the problem which remains is purely one of logic. That is, the answer to the...

Visit MoneyScience for the Complete Article.

Published / Preprint: Large Portfolio Asymptotics for Loss From Default. (arXiv:1109.1272v2 [q-fin.RM] UPDATED)

Posted: 16 Sep 2012 05:31 PM PDT

We prove a law of large numbers for the loss from default and use it for approximating the distribution of the loss from default in large, potentially heterogenous portfolios. The density of the limiting measure is shown to solve a non-linear SPDE, and the moments of the limiting measure are shown to satisfy an infinite system of SDEs. The solution to this system leads to %the solution to the...

Visit MoneyScience for the Complete Article.

Published / Preprint: 17Sep/September 2012 Quarterly Review: Investors search for yield as rates drop further

Posted: 16 Sep 2012 12:06 PM PDT

BIS Quarterly Review - 17 September 2012 (BIS Press Release)

Visit MoneyScience for the Complete Article.

Published / Preprint: The Risk Premium for Minority Banks Altruistic Portfolios in Underserved Communities

Posted: 16 Sep 2012 07:38 AM PDT

Motivated by behavioural asset pricing theory, we introduce a statistical risk accounting model to characterize the compensating risk premium required to sustain minority banks' (MBs) altruistic motive to provide credit in underserved communities. Our model predicts that increased bank capitalization, and brokered deposit (BD) exceptions, compensate risk when the incremental internal rate of...

Visit MoneyScience for the Complete Article.

Financial Technology News Report is out! http://t.co/Jds9GCg0 : Top stories today via @MATLAB @fincad @Roustech

Posted: 16 Sep 2012 05:51 AM PDT

fin_tech: Financial Technology News Report is out! http://t.co/Jds9GCg0 â–¸ Top stories today via @MATLAB @fincad @Roustech

Visit MoneyScience for the Complete Article.

Carnegie Mellon's George Loewenstein documents the pitfalls of personal loans

Posted: 23 Jul 2012 05:36 AM PDT

As an old proverb goes, "before borrowing money from a friend, decide which you need most."read more...

Visit MoneyScience for the Complete Article.

Artificial Intelligence, unstructured data and banking scams

Posted: 23 Jul 2012 05:29 AM PDT

New Scientist covers the technology firms who are using Artificial Intelligence to identify behaviours which could indicate improper behaviour:read more...

Visit MoneyScience for the Complete Article.

Event: Society for Neuroeconomics Annual Conference: Decision Making and the Brain

Posted: 04 Jul 2012 01:26 PM PDT

Location: Ritz-Carlton Key Biscayne in Miami, Florida, USA; Date: September 28th, 2012; Our annual conference, Neuroeconomics: Decision Making and the Brain, aims to promote interdisciplinary collaborations and discussions on topics lying at the intersection of the brain and decision sciences in the hopes of advancing both theory and research in decision making.  To this end, we...

Visit MoneyScience for the Complete Article.

Cass Knowledge Newsletter - June 2012

Posted: 04 Jul 2012 05:05 AM PDT

Welcome to the June edition of the Cass Knowledge newsletter. This month’s newsletter will highlight key articles from the past month. Topics covered include knowledge acquisition in investment banking and the use of images to shape a consumers reaction to really new products (RNPs). There is also more information on an upcoming event that all Cass Knowledge subscribers are invited to,...

Visit MoneyScience for the Complete Article.

Link Library: Notes for Economists on Writing Code

Posted: 03 Jul 2012 05:25 AM PDT

Matthew Gentzkow Jesse M. Shapiro Chicago Booth June 25, 2012 Introduction Every step of every research project we do is written in code, from raw data to final paper. Doing research is therefore writing software. Over time, people who write software for a living have learned a lot about how to write it well. We follow their lead. We aim to write code that would pass muster if we worked at...

Visit MoneyScience for the Complete Article.

Vendor News: SS&C Acquires GlobeOp

Posted: 27 Jun 2012 07:06 AM PDT

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced its acquisition of GlobeOp Financial Services S.A. (GlobeOp), for £4.85 per share (approximately £572 million). GlobeOp (LSE:GO) provides independent fund services, specializing in middle and back office services and integrated...

Visit MoneyScience for the Complete Article.

Mark Cuban: High-Frequency Traders Are the Ultimate Hackers

Posted: 26 Jun 2012 11:03 PM PDT

This WSJ interview with Mark Cuban has received quite a lot of attention, as well as a Discussion at Slashdot.read more...

Visit MoneyScience for the Complete Article.