Wednesday, April 17, 2013

MoneyScience News

MoneyScience News


Alumni Reunion in Shanghai

Posted: 17 Apr 2013 03:20 AM PDT

On Wednesday 3rd April 2013 Henley Business School held an Alumni reunion at La Mer Cafe in the Jing’an district of Shanghai. Welcomed by Professors Adrian Bell, Head of ICMA Centre, Kecheng Liu, Head of BISA, Jill Solomon, BISA and Dr Weizi Li, IRC – the event saw 32 alumni attend from across all areas of the business school.  WeContinue reading

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Blog Post: TheFinancialServicesClub: Fintech firms' marketing stinks

Posted: 17 Apr 2013 02:41 AM PDT

There’s an old saying that cropped up the other day in respect of Margaret Thatcher’s son, Mark. It was a joking reference by Margaret that her son was so clever he could sell “snow to eskimos or sand to Arabs” or, as one wag put it, arms to anyone.read more...

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Blog Post: TheAlephBlog: At the Towson University Investment Group's International Market Summit, Part 1

Posted: 16 Apr 2013 10:58 PM PDT

Hello.  My busy time is over, and I am back to live blogging.  On Tuesday evening, I was one of five speakers at the Towson University Investment Group’s International Market Summit.  It was a fun time.  Before I came, there was a list of 29 questions we could be asked, in addition to Q&A.  As it was we were asked 6 of the questions in the main period, and 2 more in the...

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Published / Preprint: A Model for Scaling in Firms' Size and Growth Rate Distribution. (arXiv:1304.4311v1 [q-fin.GN])

Posted: 16 Apr 2013 05:39 PM PDT

We introduce a simple agent-based model which allows us to analyze three stylized facts: a fat-tailed size distribution of companies, a `tent-shaped' growth rate distribution, the scaling relation of the growth rate variance with firm size, and the causality between them. This is achieved under the simple hypothesis that firms compete for a scarce quantity (either aggregate demand or workforce)...

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Published / Preprint: What Causes Cost Overrun in Transport Infrastructure Projects?". (arXiv:1304.4476v1 [q-fin.GN])

Posted: 16 Apr 2013 05:38 PM PDT

This article presents results from the first statistically significant study of causes of cost escalation in transport infrastructure projects. The study is based on a sample of 258 rail, bridge, tunnel and road projects worth US$90 billion. The focus is on the dependence of cost escalation on (1) length of project implementation phase, (2) size of project and (3) type of project ownership....

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Published / Preprint: Overspend? Late? Failure? What the data say about IT project risk in the public-sector. (arXiv:1304.4525v1 [q-fin.GN])

Posted: 16 Apr 2013 05:38 PM PDT

Implementing large-scale information and communication technology (IT) projects carries large risks and easily might disrupt operations, waste taxpayers' money, and create negative publicity. Because of the high risks it is important that government leaders manage the attendant risks. We analysed the based on a sample of 1,355 public0sector IT projects. The sample included large-scale projects,...

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Published / Preprint: A variation of the Canadisation algorithm for the pricing of American options driven by L\'evy processes. (arXiv:1304.4534v1 [math.PR])

Posted: 16 Apr 2013 05:38 PM PDT

We introduce an algorithm for the pricing of finite expiry American options driven by L\'evy processes. The idea is to tweak Carr's `Canadisation' method, cf. Carr [9] (see also Bouchard et al [5]), in such a way that the adjusted algorithm is viable for any L\'evy process whose law at an independent, exponentially distributed time consists of a (possibly infinite) mixture...

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Blog Post: iMFdirect: The World's Three Speed Economic Recovery

Posted: 16 Apr 2013 09:32 AM PDT

By Olivier Blanchardread more...

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