Monday, June 10, 2013

MoneyScience News

MoneyScience News

Blog Post: TheFinancialServicesClub: Did U.S. Cyberattacks On Iran Backfire On American Banks?

Posted: 10 Jun 2013 01:22 AM PDT

This is a guest post by FSClub friend Tom Groenfeldt.read more...

Visit MoneyScience for the Complete Article.

Blog Post: Falkenblog: Low Vol Strategies Crushed in May

Posted: 09 Jun 2013 11:11 PM PDT

Low volatility had a bad month in May, and there has been a slew of commentary on this.  See Abnormal Returns here for a bunch of links.Deutsche Bank's 'The Quant View' by Rochester Cahan summarized the month's performance by noting  that 'Last month we argued that the Low Volatility/High Dividend Yield trade was looking crowded, and cautioned that...

Visit MoneyScience for the Complete Article.

Published / Preprint: The Composition of Wage Differentials between Migrants and Natives. (arXiv:1306.1781v1 [stat.AP])

Posted: 09 Jun 2013 05:31 PM PDT

We consider the role of unobservables, such as differences in search frictions, reservation wages, and productivities for the explanation of wage differentials between migrants and natives. We disentangle these by estimating an empirical general equilibrium search model with on-the-job search due to Bontemps, Robin, and van den Berg (1999) on segments of the labour market defined by occupation,...

Visit MoneyScience for the Complete Article.

Blog Post: ThePracticalQuant: It's getting easier to build Big Data Applications

Posted: 09 Jun 2013 10:06 AM PDT

[A version of this post appears on the O'Reilly Strata blog.]Hadoop's low-cost, scale-out architecture has made it a new platform for data storage. With a storage system in place, the Hadoop community is slowly building a collection of open source, analytic engines. Beginning with batch processing (MapReduce, Pig, Hive), Cloudera has added interactive SQL (Impala), analytics (Cloudera ML + a...

Visit MoneyScience for the Complete Article.