Monday, February 4, 2013

MoneyScience News

MoneyScience News

Blog Post: TheFinancialServicesClub: New York frickin' City

Posted: 04 Feb 2013 01:39 AM PST

Just spent the weekend in New York City, or New York frickin’ City as the locals say.read more...

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Published / Preprint: Maximization of Non-Concave Utility Functions in Discrete-Time Financial Market Models. (arXiv:1302.0134v1 [q-fin.PM])

Posted: 03 Feb 2013 05:33 PM PST

This paper investigates the problem of maximizing expected terminal utility in a (generically incomplete) discrete-time financial market model with finite time horizon. In contrast to the standard setting, a possibly non-concave utility function $U$ is considered, with domain of definition $\mathbb{R}$. Simple conditions are presented which guarantee the existence of an optimal strategy for...

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Blog Post: Falkenblog: Local Paper Discovers Laffer Curve

Posted: 03 Feb 2013 05:24 PM PST

My local paper is always for more government spending, and higher taxes on 'the rich.' Recently we voted in a Democrat governor and both houses of our state legislature, so we are getting higher taxes as expected. What wasn't expected was higher taxes on newspapers and the business they contract with, so now we have new Tea Party converts. From the StarTribune: We urge Dayton to reconsider and...

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