Thursday, December 6, 2012

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: Sexist Barclaycard ad alienates customers

Posted: 06 Dec 2012 03:34 AM PST

I've worked for American firms during my main working life, just as we saw the rise of political correctness (PC) and the PC-police.read more...

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Published / Preprint: Modeling Risk Perception in Networks with Community Structure

Posted: 06 Dec 2012 01:56 AM PST

We study the influence of global, local and community-level risk perception on the extinction probability of a disease in several models of social networks. In particular, we study the infection progression as a susceptible-infected-susceptible (SIS) model on several modular networks, formed by a certain number of random and scale-free communities. We find that in the scale-free networks the...

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Published / Preprint: Statistical Microeconomics

Posted: 06 Dec 2012 01:56 AM PST

A statistical generalization is made of microeconomics in the spirit of going from classical to statistical mechanics. The price and quantity of every commodity1 traded in the market, at each instant of time, is considered to be an independent random variable: all prices and quantities are considered to be stochastic processes, with the observed market prices being a random sample of the...

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Published / Preprint: A note on estimating stochastic volatility and its volatility: a new simple method

Posted: 06 Dec 2012 01:56 AM PST

We present a new simple method of estimating stochastic volatility and its volatility. This method is applicable to both cross-sectional and time-series data. Moreover, this method does not require volatility data series.

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Published / Preprint: Modeling non-stationarities in high-frequency financial time series

Posted: 06 Dec 2012 01:56 AM PST

We study tick-by-tick financial returns belonging to the FTSE MIB index of the Italian Stock Exchange (Borsa Italiana). We find that non-stationarities detected in other markets in the past are still there. Moreover, scaling properties reported in the previous literature for other high-frequency financial data are approximately valid as well. Finally, we propose a simple method for describing...

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Published / Preprint: Ranking and mapping of universities and research-focused institutions worldwide based on highly-cited papers: A visualization of results from multi-level models

Posted: 06 Dec 2012 01:56 AM PST

The web application presented in this paper allows for an analysis to reveal centres of excellence in different fields worldwide using publication and citation data. Only specific aspects of institutional performance are taken into account and other aspects such as teaching performance or societal impact of research are not considered. Based on data gathered from Scopus, field-specific excellence...

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Published / Preprint: Cultural evolution and personalization

Posted: 06 Dec 2012 01:56 AM PST

In social sciences, there is currently no consensus on the mechanism for cultural evolution. The evolution of first names of newborn babies offers a remarkable example for the researches in the field. Here we perform statistical analyses on over 100 years of data in the United States. We focus in particular on how the frequency-rank distribution and inequality of baby names change over time. We...

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Published / Preprint: Influence Maximization in Social Networks: Towards an Optimal Algorithmic Solution

Posted: 06 Dec 2012 01:56 AM PST

Diffusion is a fundamental graph process, underpinning such phenomena as epidemic disease contagion and the spread of innovation by word-of-mouth. We address the algorithmic problem of finding a set of k initial seed nodes in a network so that the expected size of the resulting cascade is maximized, under the standard independent cascade model of network diffusion. Our main result is an algorithm...

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Published / Preprint: Self-Organizing Flows in Social Networks

Posted: 06 Dec 2012 01:34 AM PST

Social networks offer users new means of accessing information, essentially relying on "social filtering", i.e. propagation and filtering of information by social contacts. The sheer amount of data flowing in these networks, combined with the limited budget of attention of each user, makes it difficult to ensure that social filtering brings relevant content to the interested users. Our motivation...

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Blog Post: WealthandCapitalMarketsBlog: 1.16.13: Celent Securities & Investments Webinar: Technology in European Fixed Income

Posted: 06 Dec 2012 01:10 AM PST

Celent Senior Analyst Joséphine de Chazournesread more...

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

Posted: 05 Dec 2012 11:30 PM PST

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

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Blog Post: TheAlephBlog: Behind the Curve

Posted: 05 Dec 2012 10:30 PM PST

If you were an actuary working for a Defined Benefit pension plan, or Social Security, you would develop an estimate of the stream of cash flows that you expect the plan to pay.  The expected cash flows are ultimately what matters.   Estimates of what the cash flows are worth in the present are a sideshow, because the estimates of what the assets of the plan will earn are far less stable than...

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Published / Preprint: Modeling Movements in Oil, Gold, Forex and Market Indices using Search Volume Index and Twitter Sentiments. (arXiv:1212.1037v1 [cs.CE])

Posted: 05 Dec 2012 05:34 PM 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: Study of a Market Model with Conservative Exchanges on Complex Networks. (arXiv:1212.1061v1 [physics.soc-ph])

Posted: 05 Dec 2012 05:34 PM PST

Many models of market dynamics make use of the idea of conservative wealth exchanges among economic agents. A few years ago an exchange model using extremal dynamics was developed and a very interesting result was obtained: a self-generated minimum wealth or poverty line. On the other hand, the wealth distribution exhibited an exponential shape as a function of the square of the wealth. These...

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Published / Preprint: MultiDendrograms: Variable-Group Agglomerative Hierarchical Clusterings. (arXiv:1201.1623v2 [cs.IR] CROSS LISTED)

Posted: 05 Dec 2012 05:34 PM PST

MultiDendrograms is a Java-written application that computes agglomerative hierarchical clusterings of data. Starting from a distances (or weights) matrix, MultiDendrograms is able to calculate its dendrograms using the most common agglomerative hierarchical clustering methods. The application implements a variable-group algorithm that solves the non-uniqueness problem found in the standard...

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Blog Post: rob_daly: Will Swaps Futures Kill the SEFs?

Posted: 05 Dec 2012 02:49 PM PST

Will Swaps Futures Kill the SEFs?read more...

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.@icmacentre: ICMA Centre students day trip to Bath http://t.co/KiYetJTb

Posted: 05 Dec 2012 06:51 AM PST

BusinessSchools: .@icmacentre: ICMA Centre students day trip to Bath http://t.co/KiYetJTb

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Vendor News: FidessaâÂÂs Sentinel voted Best Asset Management Solution at Compliance Register Awards

Posted: 05 Dec 2012 04:46 AM PST

Featured Book: Profiting from Monetary Policy - Investing Through the Business Cycle http://t.co/CXfEK3O5 @PalMacFinance @ThomasAubreyCCA

Posted: 27 Nov 2012 06:38 AM PST

BusinessSchools: Featured Book: Profiting from Monetary Policy - Investing Through the Business Cycle http://t.co/CXfEK3O5 @PalMacFinance @ThomasAubreyCCA

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