Thursday, August 6, 2015

MoneyScience News

MoneyScience News

Goldenballs

Posted: 06 Aug 2015 03:59 AM PDT

Review: The Richest Man Who Ever Lived: The Life and Times of Jacob Fugger - http://t.co/iZ1hTRRLdA — moneyscience (@moneyscience) August 6, 2015

Visit MoneyScience for the Complete Article.

These are the most influential people in alternative finance

Posted: 06 Aug 2015 03:46 AM PDT

Alternative finance powerlist: The most influential people in peer-to-peer lending and crowdfunding http://t.co/4FUEt1sVix — moneyscience (@moneyscience)…

Visit MoneyScience for the Complete Article.

Published / Preprint: Information Cascades and Online Rating Games. (arXiv:1508.00893v1 [cs.SI])

Posted: 05 Aug 2015 05:37 PM PDT

Through mathematical analysis and simulations, online ratings and their impact on businesses are characterized through two parameters: an inherent and objective restaurant quality factor, and the accuracy of customers' gut feeling about a business. Within this model, it is found that online ratings are seldom accurate mainly because of the low or high accuracy in customers' gut feelings.

Visit MoneyScience for the Complete Article.

Published / Preprint: Symmetry restoration by pricing in a duopoly of perishable goods. (arXiv:1508.00975v1 [q-fin.EC])

Posted: 05 Aug 2015 05:37 PM PDT

Competition is a main tenet of economics, and the reason is that a perfectly competitive equilibrium is Pareto-efficient in the absence of externalities and public goods. Whether a product is selected in a market crucially relates to its competitiveness, but the selection in turn affects the landscape of competition. Such a feedback mechanism has been illustrated in a duopoly model by Lambert et...

Visit MoneyScience for the Complete Article.