Thursday, June 25, 2015

MoneyScience News

MoneyScience News


How rich is the Queen? - BBC News

Posted: 25 Jun 2015 02:19 AM PDT

Just how rich is the Queen and where does her wealth come from? http://t.co/78S8GnXmpC — moneyscience (@moneyscience) June 25, 2015

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Top City bankers must wait 10 years for guaranteed bonuses, watchdogs rule

Posted: 25 Jun 2015 02:19 AM PDT

UK Watchdogs rule Top City bankers must wait 10 years for guaranteed bonuses. http://t.co/FWHThEEHT0 — moneyscience (@moneyscience) June 23, 2015

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Published / Preprint: On Elicitation Complexity and Conditional Elicitation. (arXiv:1506.07212v1 [cs.LG])

Posted: 24 Jun 2015 05:37 PM PDT

Elicitation is the study of statistics or properties which are computable via empirical risk minimization. While several recent papers have approached the general question of which properties are elicitable, we suggest that this is the wrong question---all properties are elicitable by first eliciting the entire distribution or data set, and thus the important question is how elicitable....

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Published / Preprint: On Game-Theoretic Risk Management (Part One) - Towards a Theory of Games with Payoffs that are Probability-Distributions. (arXiv:1506.07368v1 [q-fin.EC])

Posted: 24 Jun 2015 05:37 PM PDT

Optimal behavior in (competitive) situation is traditionally determined with the help of utility functions that measure the payoff of different actions. Given an ordering on the space of revenues (payoffs), the classical axiomatic approach of von Neumann and Morgenstern establishes the existence of suitable utility functions, and yields to game-theory as the most prominent materialization of a...

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Published / Preprint: Braving the Tempest: Methodological foundations of policy-making in sustainability transitions. (arXiv:1506.07432v1 [physics.soc-ph])

Posted: 24 Jun 2015 05:37 PM PDT

Policy-makers currently face unprecedented challenges and uncertainty when taking decisions that simultaneously affect economic development, technology and the environment. It is not clear to policy-makers how to reconcile economic policy supporting growth with climate change mitigation, and it is not clear how effective policies are likely to be. read more...

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Blog Post: ThePracticalQuant: Large-scale Data Science and Machine Learning with Spark

Posted: 24 Jun 2015 05:16 PM PDT

[Full disclosure: IĆ¢€™m an advisor to Databricks.]At last year's Spark Summit in SF, Ali Ghodsi gave the first public demo of Databricks Cloud and Workspace. As I noted at the time, it was a showstopper!This year Ali gave an update and while I wasn't on hand to see it in person, judging from comments I heard afterwards, it was another great demo (you can watch it here). Last year's demo centered...

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Vendor News: June 24, 2015 - SS&C Announces Closing of Public Offering of its Common Stock

Posted: 24 Jun 2015 01:07 PM PDT