Tuesday, June 16, 2015

MoneyScience News

MoneyScience News


DMA | Greatbritishcopywriting | Using behavioural psychology in copy

Posted: 16 Jun 2015 03:59 AM PDT

Using behavioural psychology in copy | http://t.co/RvUgTXM3M2 — Greg B Davies (@GregBDavies) June 16, 2015

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Noahpinion: A paradigm shift in empirical economics?

Posted: 16 Jun 2015 03:59 AM PDT

Noahpinion: A paradigm shift in empirical economics? http://t.co/9gA05FaayR — Greg B Davies (@GregBDavies) June 16, 2015

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Blog Post: TheAlephBlog: At RT/America's Boom/Bust

Posted: 15 Jun 2015 11:18 PM PDT

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Published / Preprint: Safety Third: Roy's Criterion and Higher Order Moments. (arXiv:1506.04227v1 [q-fin.ST])

Posted: 15 Jun 2015 05:37 PM PDT

Roy's `Safety First' criterion for selecting one risky asset from many is adapted to the case of non-normal returns, via Cornish Fisher expansion. The resulting investment objective is consistent with first order stochastic dominance, and is equal to the Sharpe ratio for the case of normal returns. An investor selecting assets via this objective is not universally attracted to positive skew,...

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Published / Preprint: The Network of Counterparty Risk: Analysing Correlations in OTC Derivatives. (arXiv:1506.04663v1 [q-fin.RM])

Posted: 15 Jun 2015 05:37 PM PDT

Counterparty risk denotes the risk that a party defaults in a bilateral contract. This risk not only depends on the two parties involved, but also on the risk from various other contracts each of these parties hold. In rather informal markets, such as the OTC (over-the-counter) derivative market, institutions only report their aggregated quarterly risk exposure, but no details about their...

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Published / Preprint: Quick or Persistent? Strategic Investment Demanding Versatility. (arXiv:1506.04698v1 [q-fin.EC])

Posted: 15 Jun 2015 05:37 PM PDT

In this paper we analyse a dynamic model of investment under uncertainty in a duopoly, in which each firm has an option to switch from the present market to a new market. We construct a subgame perfect equilibrium in mixed strategies and show that both preemption and attrition can occur along typical equilibrium paths. In order to determine the attrition region a two-dimensional...

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Blog Post: iMFdirect: Growth's Secret Weapon: The Poor and the Middle Class

Posted: 15 Jun 2015 08:27 AM PDT

By Era Dabla-Norris, Kalpana Kochhar, and Evridiki Tsountaread more...

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