Thursday, July 11, 2013

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: Holiday Humour #4: Short of cash

Posted: 11 Jul 2013 01:08 AM PDT

During this crisis, we're all finding ourselves a bit short of cash.  By way of example, the UK National Lottery has just announced a special draw to support RBS with a £5 m,illion prize fund ... if you win, you get £5 a year for a million years!read more...

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Blog Post: rob_daly: BATS New Data Fees Published in Federal Register

Posted: 10 Jul 2013 06:51 PM PDT

BATS New Data Fees Published in Federal Registerread more...

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Published / Preprint: Optimal Retirement Tontines for the 21st Century: With Reference to Mortality Derivatives in 1693. (arXiv:1307.2824v1 [q-fin.PM])

Posted: 10 Jul 2013 05:40 PM PDT

Historical tontines promised enormous rewards to the last survivors at the expense of those who died early. While this design appealed to the gambling instinct, it is a suboptimal way to manage longevity risk during retirement. This is why fair life annuities making constant payments -- where the insurance company is exposed to the longevity risk -- induces greater lifetime utility. However,...

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Published / Preprint: Continuous-Time Public Good Contribution under Uncertainty. (arXiv:1307.2849v1 [math.OC])

Posted: 10 Jul 2013 05:40 PM PDT

We study a continuous-time problem of optimal public good contribution under uncertainty for an economy with a finite number of agents. Each agent can allocate his wealth between private consumption and repeated but irreversible contributions to increase the stock of some public good. We study the corresponding social planner problem and the case of strategic interaction between the agents and we...

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Blog Post: TheAlephBlog: In Defense of Concentrated Portfolios

Posted: 10 Jul 2013 12:11 PM PDT

I was traveling most of yesterday on an odd bit of Church business, but I am back home now, late as it is.  I listen to the radio as I travel to meeting like this, and much of it reminds me of why I don’t like many aspects of talk radio.read more...

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Vendor News: July 10, 2013 - SS&C Technologies 2013 Second Quarter Earnings Release Notice

Posted: 10 Jul 2013 06:06 AM PDT