Monday, July 1, 2013

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: Things worth reading: 1st July 2013

Posted: 01 Jul 2013 02:20 AM PDT

Things we're reading today include ... read more...

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Published / Preprint: Query Complexity of Approximate Nash Equilibria. (arXiv:1306.6686v1 [cs.GT])

Posted: 30 Jun 2013 05:38 PM PDT

We study the query complexity of approximate notions of Nash equilibrium in games with large number of players n and constant number of actions m. Our main result states that even for constant {\epsilon}, the query complexity of {\epsilon}-well supported Nash equilibrium is exponential in n.

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Published / Preprint: The Meaning of Probability of Default for Asset-backed Loans. (arXiv:1306.6715v1 [q-fin.RM])

Posted: 30 Jun 2013 05:38 PM PDT

The authors examine the concept of probability of default for asset-backed loans. In contrast to unsecured loans it is shown that probability of default can be defined as either a measure of the likelihood of the borrower failing to make required payments, or as the likelihood of an insufficiency of collateral value on foreclosure. Assuming expected loss is identical under either definition, this...

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Blog Post: ThePracticalQuant: Moving from Batch to Continuous Computing at Yahoo!

Posted: 30 Jun 2013 10:16 AM PDT

[A version of this post appeared on the O'Reilly Strata blog.]My favorite session at the recent Hadoop Summit was a keynote by Bruno Fernandez-Ruiz, Senior Fellow & VP Platforms at Yahoo! He gave a nice overview of their analytic and data processing stack, and shared some interesting factoids about the scale of their big data systems. Notably many of their production systems now run on...

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Event: Behavioural Models and Sentiment Analysis Applied to Finance

Posted: 18 Apr 2013 01:07 PM PDT

Location: Fitch 7 City Learning, London; Date: July 2nd, 2013; Background:Sentiment analysis has developed as a technology that applies machine learning and makes a rapid assessment of the sentiments expressed in news releases. News events impact market sentiment and financial news moves stock prices through a direct impact on a company’s expected future cash flows. This conference presents...

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Event: 15th Conference of the Association for Heterodox Economics: Economy and Organisation

Posted: 11 Jan 2013 04:02 AM PST

Location: Centre for Socio-Economic Research (Cf SER), London Metropolitan University; Date: July 4th, 2013; Keynote speakers will include: Professor Sir Anthony Atkinson, Professor Johnston Birchall, Professor William Lazonick.read more...

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