Monday, July 15, 2013

MoneyScience News

MoneyScience News


Blog Post: TheAlephBlog: Book Review: Poverty and Progress

Posted: 15 Jul 2013 01:51 AM PDT

I appreciated this book.  In my early 20s, I wanted to do development work in developing countries, but I ran into a problem.  All of the interventionist solutions didn’t work, and countries that ignored the advice of development economists tended to do better.  That has continued to be true since then.  Among academic economists, the battle goes on between the socialists and free...

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Blog Post: TheFinancialServicesClub: Holiday Humour #6: Accountants

Posted: 15 Jul 2013 12:58 AM PDT

Accountants are an integral part of the financial system, as the holders of debits and credits, cashflow and balance sheets.read more...

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Blog Post: Falkenblog: Altenatives to Rational Expectations

Posted: 14 Jul 2013 07:17 PM PDT

When Rational Expectations was developed in the 1960s most people thought it was a classic academic result.  Certainly mutual fund managers chuckled at the thought a monkey could outperform a skilled professional.  Further, everyone had a stupid relative, neighbor,  or co-worker, that proved people were not rational. Meanwhile, the Capital Asset Pricing Model (ie, Beta), meanwhile,...

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Blog Post: ThePracticalQuant: Data scientists tackle the analytic lifecycle

Posted: 14 Jul 2013 10:16 AM PDT

[A version of this post appears on the O'Reilly Strata blog.]What happens after data scientists build analytic models? Model deployment, monitoring, and maintenance are topics that haven't received as much attention in the past, but I've been hearing more about these subjects from data scientists and software developers. I remember the days when it took weeks before models I built got deployed in...

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