Wednesday, May 28, 2014

MoneyScience News

MoneyScience News

Blog Post: TheFinancialServicesClub: Life, money and banking in the year 2035

Posted: 27 May 2014 04:59 AM PDT

As mentioned last week, one of my clients has asked me to present a vision of banking in 2035.read more...

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Blog Post: TheAlephBlog: Book Review: What's Behind the Numbers?

Posted: 27 May 2014 04:51 AM PDT

This is an ambitious book.  It tries to draw together financial statement analysis, value investing, short-selling, technical analysis, market timing, and portfolio management into one slim book of 254 pages.read more...

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Published / Preprint: Networks of Military Alliances, Wars, and International Trade. (arXiv:1405.6400v1 [physics.soc-ph])

Posted: 27 May 2014 04:48 AM PDT

We investigate the role of networks of military alliances in preventing or encouraging wars between groups of countries. A country is vulnerable to attack if some allied group of countries can defeat the defending country and its (remaining) allies based on their collective military strengths. We show that there do not exist any networks which contain no vulnerable countries and that are stable...

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Published / Preprint: Convergence in Multiscale Financial Models with Non-Gaussian Stochastic Volatility. (arXiv:1405.6514v1 [math.PR])

Posted: 27 May 2014 04:48 AM PDT

We consider stochastic control systems affected by a fast mean reverting volatility $Y(t)$ driven by a pure jump L\'evy process. Motivated by a large literature on financial models, we assume that $Y(t)$ evolves at a faster time scale $\frac{t}{\varepsilon}$ than the assets, and we study the asymptotics as $\varepsilon\to 0$. This is a singular perturbation problem that we...

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