2 rather excellent articles covering subjects which are very close to our heart here at MoneyScience. The tendancy of economics to claim some kind of scientific status for itself - and the confusion this generates, akin to confusing a carpenter with their tools.
The Institute of New Economic Thinking blogs about an article by Mathematician, Michael Edesess, who takes as his starting point the recent public debate betweeen Paul Krugman and Steve Keen

Edesess offers a...

Yesterday, on MoneyScience, I came across Robert Shiller's 2007 Financial Markets Course at Yale and @StatAlgo on Twitter pointed me to the 2011 version which is available on Open Yale. Great viewing for students and academics alike -and as StagAlgo pointed out it's interesting to note how these lectures differ from those in 2008.

About the Course
An overview of the ideas, methods, and institutions that permit human society to manage risks and foster enterprise. Description of...

After considering almost 500 research papers, Whitebox Advisors, the $2.3 billion investment advisory based in Minneapolis, today chose the top 10 finalists for its $25,000 prize for the best financial research paper of 2011. The winner will be announced at a luncheon for guests and invited press on June 19th, 2012 in New York City.
“I am proud to say that all the finalists made significant contributions to our understanding of investing and securities markets,” said Andrew...

An interesting piece for the Regulatory / Tech Wonks among you.

The US Commodity Futures Trading Commission (CFTC) expects financial services firms to begin regulatory reporting using legal entity identifiers (LEIs) in mid-July. Likewise, the European Financial Stability Board (FSB) hopes to receive the necessary blessing from the G20 for its efforts in June.

Rob Daly over at the Daly Post Podcast discusses industry preparedness with Graeme Austin CEO of the International Securities...

************************* NEW DATES, NEW LOCATION *************************
Date: 18-20, June 2012
Location: The London Stock Exchange, London, UK
Cost: £2500 exc. VAT
 
************************* LIMITED PLACES REMAINING! *************************
The goal of this three-day intensive hands-on course is to take a bird-eye look at the design of the QuantLib library as well as its rationale, to examine its implementation, and thus to learn how one's own code can be fitted on...

While climate change is likely to alter the spatial distributions of species and habitat types, the nature of those changes is uncertain, making it more difficult for conservationists to implement standard planning models. Research from applied economists at the University of Illinois shows that adapting a theory from the world of finance could help to optimize conservation activities.
Using wetland habitat conservation in the Prairie Pothole Region as a case study, Amy W. Ando and Mindy L....

Inspired by the accidental release of documents describing 'naked short-selling' at Goldman Sachs, the gory details of which you can read all about at Rolling Stone, I thought I'd take a quick look at some of the academic literature associated with 'naked shorting'.
There's not a huge amount floating about on the open web, so this list is not exhaustive, but these 17 papers from between 1997 to 2012 examine the phenomenon through a range of lenses, empirical, economic and regulatory:

Short...

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We have moved the date of our training course: Introduction to QuantLib Development with Luigi Ballabio - London, 18-20th June http://bit.ly/wa68Hh
Taking Stock of Complexity Economics. Videos featuring Doyne Farmer and J-P Bouchaud http://bit.ly/J6mIMi
Doyne Farmer finally reveals the Physics of Beating #Roulette -...

The National Association of Active Investment Managers (NAAIM) announced that Gary Antonacci is the 2012 first-place winner of the NAAIM Wagner Award for Advances in Active Investment Management for his paper Momentum Success Factors. In its fourth year, the NAAIM Wagner Award is designed to expand awareness of active investment management techniques and the results of active strategies.
Of Antonacci's paper, the Chairman of the Award Committee, Greg Morris, wrote, "Mr. Antonacci demonstrates...

New University of British Columbia research shows that – contrary to popular opinion – hedge funds have a positive influence when investing in U.S. companies filing for Chapter 11 bankruptcy.
The study, co-authored by Sauder School of Business finance Prof. Kai Li, reveals that when a hedge fund invests in a distressed company, other creditors in the transaction fare better and there is a greater chance a company will emerge from bankruptcy.
“It’s a common view in the...