Wednesday, September 3, 2014

MoneyScience News

MoneyScience News


Blog Post: TheFinancialServicesClub: Finance and banking in 2035

Posted: 03 Sep 2014 03:58 AM PDT

Looking at the long term, I tried to think about the effects of today's changes in the political, economic, social and technological spheres would have by 2035. read more...

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Blog Post: TheAlephBlog: Book Review: Business Adventures

Posted: 03 Sep 2014 03:38 AM PDT

Do you like economic history?  I do.  I often think that we spend too much time on the numbers in business, and not enough time on the qualitative reasoning that goes into making good business decisions.read more...

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Published / Preprint: 03Sep/Supervisory colleges for financial conglomerates - report released by the Joint Forum

Posted: 03 Sep 2014 02:08 AM PDT

Press release about the Joint Forum publishing the report on "Report on supervisory colleges for financial conglomerates" (03 September 2014)

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Vendor News: Fidessa expands UK service with Alliance News

Posted: 03 Sep 2014 01:07 AM PDT

Criminals and corrupt politicians steal $1trn a year from the world's poorest countries

Posted: 02 Sep 2014 11:27 PM PDT

The trillion dollar theft from the world's poorest countries http://t.co/4371TLfzJT — Paul Lewis (@paullewismoney) September 3, 2014

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The top 10 most competitive economies in Europe

Posted: 02 Sep 2014 11:27 PM PDT

Which are Europe's most competitive economies? #wef #gcr14 http://t.co/8lMDmwt822 #competitiveness http://ift.tt/1CoQIka — World Economic Forum (@Wef)…

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Published / Preprint: Manipulating decision making of typical agents. (arXiv:1409.0636v1 [physics.soc-ph])

Posted: 02 Sep 2014 05:38 PM PDT

We investigate how the choice of decision makers can be varied under the presence of risk and uncertainty. Our analysis is based on the approach we have previously applied to individual decision makers, which we now generalize to the case of decision makers that are members of a society. The approach employs the mathematical techniques that are common in quantum theory, justifying our naming as...

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Published / Preprint: Optimal Dynamic Procurement Policies for a Storable Commodity with L\'evy Prices and Convex Holding Costs. (arXiv:1409.0665v1 [math.OC])

Posted: 02 Sep 2014 05:38 PM PDT

In this paper we propose a continuous time stochastic inventory model for a traded commodity whose supply purchase in the spot market is affected by price and demand uncertainty. A firm aims at meeting a random demand of the commodity at a random time by maximizing total expected profits. We model the firm's optimal procurement problem as a singular stochastic control problem in which...

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Published / Preprint: A Lattice Framework for Pricing Display Ad Options with the Stochastic Volatility Underlying Model. (arXiv:1409.0697v1 [cs.GT])

Posted: 02 Sep 2014 05:38 PM PDT

Ad options are a recent development in online advertising which provide advertisers with greater flexibility related to buying their guaranteed deliveries in the future. In short, an ad option is a contract in which an online publisher (or search engine) grants an advertiser the right but not obligation to enter into transactions to purchase impressions or clicks from a specific online ad slot at...

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Published / Preprint: Sicily and the development of Econophysics: the pioneering work of Ettore Majorana and the Econophysics Workshop in Palermo. (arXiv:1409.0789v1 [physics.hist-ph])

Posted: 02 Sep 2014 05:38 PM PDT

Sicily has played an important role in the development of the new research area named "Econophysics". In fact some key ideas supporting this new hybrid discipline were originally formulated in a pioneering work of the Sicilian born physicist Ettore Majorana. The article he wrote was entitled "The value of statistical laws in physics and social sciences". I will discuss its origin and history that...

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Published / Preprint: The Value of Control and the Costs of Illiquidity

Posted: 02 Sep 2014 03:42 PM PDT

We develop a search model of block trades that values the illiquidity of controlling stakes. The model considers several dimensions of illiquidity. First, following a liquidity shock, the controlling blockholder is forced to sell, possibly to a less efficient acquirer. Second, this sale may occur at a fire sale price. Third, absent a liquidity shock, a trade occurs only if a potential buyer...

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Blog Post: iMFdirect: Which Way the Wind Blows

Posted: 02 Sep 2014 07:08 AM PDT

By Jeff Haydenread more...

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