Thursday, November 15, 2012

MoneyScience News

MoneyScience News


In financial ecosystems, big banks trample economic habitats and spread fiscal disease

Posted: 15 Nov 2012 03:55 AM PST

Like the impact of an elephant herd grazing on grassland, multinational banks shape the financial environment to an extent that far outweighs their small number. And like a contagious person on a transnational flight, when these giant, interconnected banks succumb to financial ills, they are uniquely positioned to infect wide swaths of the financial system.read more...

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Achieving the balance

Posted: 15 Nov 2012 03:44 AM PST

At a recent visit to a Company’s Head Office, one of our female students was struck by just how few women see saw working there.read more...

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Research Library: Size and complexity in model financial systems

Posted: 15 Nov 2012 03:43 AM PST

Nimalan Arinaminpathy, Sujit Kapadia and Robert May   Abstract The global financial crisis has precipitated an increasing appreciation of the need for a systemic perspective towards financial stability. For example: What role do large banks play in systemic risk? How should capital adequacy standards recognize this role? How is stability shaped by concentration and diversification in the...

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Exploring the financial costs of sadness

Posted: 15 Nov 2012 03:32 AM PST

Your emotions can certainly impact your decisions, but you might be surprised by the extent to which your emotions affect your pocketbook. New research from psychological scientist Jennifer Lerner of the Harvard Kennedy School of Government and colleagues Yi Le and Elke U. Weber of Columbia University explores how impatience brought on by sadness can in turn produce substantial financial loss....

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Published / Preprint: Collective Adoption of Max-Min Strategy in an Information Cascade Voting Experiment

Posted: 15 Nov 2012 02:39 AM PST

When one have to choose an option, he shows a strong tendency to choose the majority if he does not know the correct one. If each option has a multiplier m and the return for choosing a correct choice is set to be m, which option does one choose? Game theory predicts that the max-min strategy where one divides one's choice inversely proportional to m is optimal. We study the prediction by a...

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Blog Post: TheFinancialServicesClub: Bank's biggest weakness: drowning in data

Posted: 15 Nov 2012 01:37 AM PST

I recently met Big Data in person.read more...

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Blog Post: TheAlephBlog: The Rules, Part XXXVI

Posted: 14 Nov 2012 10:19 PM PST

It almost never makes sense to play for the last 5% of something; it costs too much. Getting 90-95% is relatively easy; grasping for the last 5-10% usually results in losing some of the 90-95%.read more...

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Blog Post: rob_daly: SEFCON III: Still Waiting

Posted: 14 Nov 2012 12:34 PM PST

SEFCON III: Still Waitingread more...

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Blog Post: WealthandCapitalMarketsBlog: Technology Vendors Overflow?

Posted: 14 Nov 2012 07:59 AM PST

Speaking with some clients this week in New York about how we think there are some very interesting technology offerings at the moment, trying to respond to the needs of the changing Fixed Income market infrastructure in Europe, one of them asked us: “But are there not too many vendors?”.read more...

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