Thursday, December 13, 2012

MoneyScience News

MoneyScience News


Popular MoneyScience 2012 Part 1: Top 10 Videos

Posted: 13 Dec 2012 05:00 AM PST

It's that time of year, and here at MoneyScience we've been putting together a collection of the most popular content we've published in 2012! In this first post, you'll find the most popular videos appearing on the site this year. The list features a host of names who will be familar to MoneyScience users including Doyne Farmer, Andrew Haldane, Joris Luyendijk, Cathy O'Neil, Steve Keen, and...

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via @danariely - The Encyclopedia of Ethical Failure http://t.co/VsBstzUq

Posted: 13 Dec 2012 03:32 AM PST

BusinessSchools: via @danariely - The Encyclopedia of Ethical Failure http://t.co/VsBstzUq

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Research Library: Mining the Web for the Voice of the Herd to Track Stock Market Bubbles

Posted: 13 Dec 2012 03:17 AM PST

Aaron Gerow, Mark Keane   Abstract We show that power-law analyses of financial commentaries from newspaper web-sites can be used to identify stock market bubbles, supplementing traditional volatility analyses. Using a four-year corpus of 17,713 online, finance-related articles (10M+ words) from the Financial Times, the New York Times, and the BBC, we show that week-to-week changes in...

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Inform first, publish later: A new school of 'embedded' academics who believe in community engagement before citations http://t.co/eegsl06s

Posted: 13 Dec 2012 01:43 AM PST

BusinessSchools: Inform first, publish later: A new school of 'embedded' academics who believe in community engagement before citations http://t.co/eegsl06s

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Composer & Behavioural Finance Expert Create 'Reality'-based Opera based on Open Outcry Trading Floor @GregBDavies http://t.co/K8nK5nev

Posted: 13 Dec 2012 01:43 AM PST

BusinessSchools: Composer & Behavioural Finance Expert Create 'Reality'-based Opera based on Open Outcry Trading Floor @GregBDavies http://t.co/K8nK5nev

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Journal of Finance: Top-Cited Articles Since 2004 @wb_finance http://t.co/qszjnQlI

Posted: 13 Dec 2012 01:43 AM PST

BusinessSchools: Journal of Finance: Top-Cited Articles Since 2004 @wb_finance http://t.co/qszjnQlI

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The American Finance Association relaunches their website http://t.co/cd1j62MT - and has a Facebook page http://t.co/bnKspnzq @JofFinance

Posted: 13 Dec 2012 01:43 AM PST

BusinessSchools: The American Finance Association relaunches their website http://t.co/cd1j62MT - and has a Facebook page http://t.co/bnKspnzq @JofFinance

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Blog Post: TheFinancialServicesClub: The Financial Services Club Season, London, Spring Season 2013

Posted: 13 Dec 2012 01:38 AM PST

For those of you interested in the Financial Services Club's agenda, here is our outline for the Winter/Spring Season which was announced at our Christmas Party last night.read more...

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Research Library: Econophysics in Belgium. The first (?) 15 years

Posted: 13 Dec 2012 01:23 AM PST

Marcel Ausloos   Abstract This reviews the econophysics activities in Belgium from my admittedly biased point of view. Unknown historical notes or facts are presented for the first time explaining the aims, whence evolution of the research papers and friendly connections with colleagues. Comments on endeavors are also provided. The lack of official, academic and private support is...

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Composer and Behavioural Finance Expert Create 'Reality'-based Opera based on Open Outcry Trading Floor

Posted: 13 Dec 2012 01:06 AM PST

read more...

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Hedge funds manipulate stock prices, new research shows

Posted: 13 Dec 2012 12:43 AM PST

Some hedge funds manipulate stock prices at the end of the month to improve the returns that they report to their investors, a new study suggests.read more...

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The Financial Education Daily is out! http://t.co/mgDaff68 ⸠Top stories today via @EmoryGoizueta @WPCareySchool

Posted: 12 Dec 2012 11:33 PM PST

BusinessSchools: The Financial Education Daily is out! http://t.co/mgDaff68 â–¸ Top stories today via @EmoryGoizueta @WPCareySchool

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Blog Post: TheAlephBlog: Considering Selling the Long End

Posted: 12 Dec 2012 10:33 PM PST

This will not be a long post.  My bond strategy has always included longer bonds from LQD, and very long bonds from TLT.  They have made money for me & my bond clients.  But now I am thinking of selling them.  Why?read more...

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Blog Post: Falkenblog: Great Minds Confabulate Like Small Minds

Posted: 12 Dec 2012 07:37 PM PST

James Heckman won a Nobel Prize for his work on econometrics, statistics applied to economics. His latest work on education looks at the effects of programs on human capital.In a recent Boston Review article on social mobility he highlights the results from two experiments in early childhood intervention that demonstrated significant benefits. Charles Murray was one of...

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Published / Preprint: Mining the Web for the Voice of the Herd to Track Stock Market Bubbles. (arXiv:1212.2676v1 [cs.CL])

Posted: 12 Dec 2012 05:34 PM PST

We show that power-law analyses of financial commentaries from newspaper web-sites can be used to identify stock market bubbles, supplementing traditional volatility analyses. Using a four-year corpus of 17,713 online, finance-related articles (10M+ words) from the Financial Times, the New York Times, and the BBC, we show that week-to-week changes in power-law distributions reflect market...

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Published / Preprint: The Illusion of the Perpetual Money Machine. (arXiv:1212.2833v1 [q-fin.GN])

Posted: 12 Dec 2012 05:34 PM PST

We argue that the present crisis and stalling economy continuing since 2007 are rooted in the delusionary belief in policies based on a "perpetual money machine" type of thinking. We document strong evidence that, since the early 1980s, consumption has been increasingly funded by smaller savings, booming financial profits, wealth extracted from house price appreciation and explosive debt. This is...

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Blog Post: ThePracticalQuant: GraphChi: Graph analytics over billions of edges using your laptop

Posted: 12 Dec 2012 09:10 AM PST

[Cross-posted on the O'Reilly Strate blog.] GraphChi is a spinoff project of GraphLab, an open source, distributed, in-memory software system for analytics and machine-learning. Designed specifically to run on a single computer with limited memory1 (DRAM), since its release a few months ago GraphChi has been used to analyze graphs with billions of edges. Running on a single machine means...

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Published / Preprint: Modeling Movements in Oil, Gold, Forex and Market Indices using Search Volume Index and Twitter Sentiments

Posted: 12 Dec 2012 06:39 AM PST

Study of the forecasting models using large scale microblog discussions and the search behavior data can provide a good insight for better understanding the market movements. In this work we collected a dataset of 2 million tweets and search volume index (SVI from Google) for a period of June 2010 to September 2011. We perform a study over a set of comprehensive causative relationships and...

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Published / Preprint: Transition in the Waiting-Time Distribution of Price-Change Events in a Global Socioeconomic System

Posted: 12 Dec 2012 06:39 AM PST

The goal of developing a firmer theoretical understanding of inhomogenous temporal processes -- in particular, the waiting times in some collective dynamical system -- is attracting significant interest among physicists. Quantifying the deviations in the waiting-time distribution away from one generated by a random process, may help unravel the feedback mechanisms that drive the underlying...

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Published / Preprint: Emergence of network features from multiplexity

Posted: 12 Dec 2012 06:39 AM PST

Many biological and man-made networked systems are characterized by the simultaneous presence of different sub-networks organized in separate layers, with links and nodes of qualitatively different types. While during the past few years theoretical studies have examined a variety of structural features of complex networks, the outstanding question is whether such features are characterizing all...

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Published / Preprint: Structure and Dynamics of Information Pathways in Online Media

Posted: 12 Dec 2012 06:39 AM PST

Diffusion of information, spread of rumors and infectious diseases are all instances of stochastic processes that occur over the edges of an underlying network. Many times networks over which contagions spread are unobserved, and such networks are often dynamic and change over time. In this paper, we investigate the problem of inferring dynamic networks based on information diffusion data. We...

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Published / Preprint: Universality in voting behavior: an empirical analysis

Posted: 12 Dec 2012 06:39 AM PST

Election data represent a precious source of information to study human behavior at a large scale. In proportional elections with open lists, the number of votes received by a candidate, rescaled by the average performance of all competitors in the same party list, has the same distribution regardless of the country and the year of the election. Here we provide the first thorough assessment of...

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Published / Preprint: Languages cool as they expand: Allometric scaling and the decreasing need for new words

Posted: 12 Dec 2012 06:39 AM PST

We analyze the occurrence frequencies of over 15 million words recorded in millions of books published during the past two centuries in seven different languages. For all languages and chronological subsets of the data we confirm that two scaling regimes characterize the word frequency distributions, with only the more common words obeying the classic Zipf law. Using corpora of unprecedented...

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Published / Preprint: Instability in Evolutionary Games

Posted: 12 Dec 2012 06:22 AM PST

Phenomena of instability are widely observed in many dissimilar systems, with punctuated equilibrium in biological evolution and economic crises being noticeable examples. Recent studies suggested that such instabilities, quantified by the abrupt changes of the composition of individuals, could result within the framework of a collection of individuals interacting through the prisoner's dilemma...

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Blog Post: WealthandCapitalMarketsBlog: NasdaqOMX invests in TOM ' not TOMS

Posted: 12 Dec 2012 06:18 AM PST

Yesterday NasdaqOMX announced it was buying a 25% stake in The Order Machine (TOM), which has nothing to do with what most of you could think of: Bloomberg’s TOMS (Trade Order Management Solutions).read more...

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Vendor News: Abacus Group Enters Strategic Alliance with SS&C FIXLink

Posted: 12 Dec 2012 06:00 AM PST

Published / Preprint: When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads (CEPR DP9252)

Posted: 12 Dec 2012 05:40 AM PST

When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads Author(s): Jennie Bai, Shang-Jin Wei CEPR Discussion Paper Number 9252 Paper Details | PDF Download* | Purchase Electronic | Purchase Printed Programme Area(s): Development Economics (DE), Financial Economics (FE) Date of Publication: 09/12/2012 Keyword(s): CDS,...

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Published / Preprint: Household Debt and Social Interactions (CEPR DP9238)

Posted: 12 Dec 2012 05:40 AM PST

Household Debt and Social Interactions Author(s): Dimitris Georgarakos, Michalis Haliassos, Giacomo Pasini CEPR Discussion Paper Number 9238 Paper Details | PDF Download* | Purchase Electronic | Purchase Printed Programme Area(s): Financial Economics (FE) Date of Publication: 02/12/2012 Keyword(s): consumer credit, household debt, Household finance, informal loans, mortgages, social...

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

Posted: 10 Oct 2012 05:53 AM PDT

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

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