MoneyScience Digest -18/08/12

Featured

Dilbert and the Church of Big Data http://bit.ly/T0CDBO - via @Asymptotix

Video - Modeling the Unmodelable: Imperfect Knowledge and Non-Routine Change - http://t.co/gwnnOdUm

A $1.2bn Simulation of Civilization: FuturICT wants to build super-real simulations to help predict the future http://t.co/5VmcCNej

The Architecture of Complexity - Herbert A. Simon (1962) http://bit.ly/Pl0rfi

Mathbabe vs Cosma Shalizi on data science and statistics cont... http://bit.ly/Qm3JmC

The Daly Post Podcast: Interview with Eli Derman about his Novel, 'High Finance' http://bit.ly/OAMsUm

Why It is No Longer a Good Idea to Be in The Investment Industry - Nassim Taleb http://t.co/D9PPukAJ

@FelixSalmon responds to the Taleb paper (with a whole lot of other people in the comments section) http://t.co/a29n0jef

Introducing the Complex Network Computer- A whole new Paradigm in Computer Science? Answers on a postcard please http://t.co/6cpqtq7X

How Google Can Avert the Next Financial Crisis. Mark Buchanan on DebtRank: http://t.co/RHACNTQC & http://t.co/sZjOJqW0

Wow if true: Scientists store 700 terabytes in a gram of DNA http://t.co/qLL4hgH7

Business Is Booming in Empirical Economics http://t.co/R0x04Vs9

Keynes’s view of probability and the Dutch Book http://t.co/poFJJ0GC

Acemoglu & Wolitzky: Cycles of Distrust: An Economic Model http://t.co/UO1QmEzB

Robert Pindyck: Risk and Return in Environmental Economics http://t.co/yRtPJk0R

This paper by Dimitri Vayanos and Jiang Wang surveys the theoretical and empirical literature on market liquidity http://t.co/48XzosTq

Pretty ludicrous: The Superstitious Fund Project http://t.co/AM48jKQj

122 Minutes With Jamie Dimon http://t.co/TbwFbTmL

@PortfolioProbe - Highlights of R in Finance 2012 http://t.co/TN79gWLF

Why Software Fails (pdf) http://t.co/8KiRjmQO

Mathbabe: High frequency trading: does it hurt the little guy? http://t.co/CuvaCfkt

We may be becoming critically dependent on arge-scale complex IT systems (LSCITS) that we simply do not understand... http://t.co/PqOAPOiR

The Psy-Fi Blog: Stand and Deliver, Cashtags and Highwaymen http://t.co/IHO1geMj

Mathematical Definition, Mapping, and Detection of (Anti)Fragility - NassimTaleb & Raphael Douady http://t.co/DCUzJecc

Nassim Taleb & George Martin: How to Prevent Other Financial Crises -http://t.co/7DQj7I4I

'Economists at Fault for Recent Crises': An Interview with the Bank of England's Andy Haldane http://t.co/U1pKyJHm

What do Christian fundamentalists have against set theory http://t.co/BVUjn4ui

Nanex-produced animated gif of the #HFT explosion post 2008. x-axis is trading day (9:30-4pm) y is amount traded http://t.co/rEBTxiFI

@FelixSalmon on Nanex's animation http://t.co/9GiwUykU

Andrew Lo et al: “Can Hedge Funds Time Market Liquidity?” http://t.co/lRY8qgq7

Bank behaviour and risks in an interbank payment system after a major credit event http://t.co/arPJdtQX

Wired Magazine asks how Wall Street Got Addicted to High-Frequency Trading - http://t.co/vFtApK3y

Regulators should focus on institutions that are ‘too central to fail’ as well as those that are ‘too big to fail’ http://t.co/E9qrw1e4

debtrank The innermost circle of the financial crisis: http://t.co/VL9m8zf2

What Might Statistical Evidence of Collusion in #LIBOR Fixes Look Like? http://t.co/NZGhkB37

My thoughts for the Banking Standards inquiry. I blame Analytic Philosophy and Consequentialism http://t.co/MqdQQn1z - @TCJUK

Noncomputability, unpredictability, undecidability, and unsolvability in economic and finance theories http://t.co/M15OPNHl

A new family of taxation and wealth redistribution models http://t.co/DQC07HVb

"Banks need to start thinking of themselves as IT companies": Prof David Chan - City University http://t.co/shLLSFZY

@JLbankingblog on how he produces his excellent Voices in Finance Banking Blog: http://t.co/Lspdk5ar and http://t.co/oPMpXTEm

Living Cells Show How to Fix the Financial System http://t.co/bCwwv3N6

40 statistics blogs http://t.co/vWLzTTVQ

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London Metal Exchange: Financial Training Events Coming Up - http://bit.ly/NNVoXq

Featured Books From Wiley Finance

Wiley Finance: Risk and Quantitative Finance Catalogue 2012 http://t.co/4y25czxz

Events

Wiley WILMOTT Summit - Risk and Quant Modeling in Finance feat. Paul Wilmott, Ed Thorpe, Aaron Brown http://t.co/G5Ltb7yX
Society for Neuroeconomics Annual Conference: Decision Making and the Brain - September 2012 http://t.co/XNxLjkX1

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Follow @businessschools

Follow @hedgefundfocus

Announcements

I got an invitation to Battle of the Quant's in London, September 10th and 11th, 2012.
Updated; 250+ Finance / Economics Tweeters Worth Following - http://bit.ly/GGGJwa
MoneyScience Vendor Community: Analytics and Financial Libraries : http://t.co/Tuvn7onw
MoneyScience Vendor Community: Asset Management Solutions Vendors : http://t.co/BQFore41

Finance and Banking

Banks are 20 years behind in Risk Management http://t.co/Y1Kh3AE8
UK gov only gavethe review into how the #Libor rate-setting system works only 2 weeks to publish http://t.co/UcDWTgVX
Innovation coming to fixed income trading models http://t.co/27ws6FI9
Should bankers run banks? http://t.co/6tA1J7xm
New Wilberforce Alliance aims to install HBOS Whistleblower as new Chairman or Non-Exec Director of risk at Barclays. http://t.co/Q7cMDhtD
UK gov Steering group publishes recommendations for ‘simple’ financial products http://t.co/GfOgS024
10,000 Olympic-sized swimming pools: UK Cash in Offshore Accounts http://t.co/m6w02H9c
Goldman Sachs and Social Impact Bonds http://t.co/APXsKlOY
A class action lawsuit on behalf of investors over alleged insider dealing by the senior management team at Zynga http://t.co/wx8SxssD
Facebook Bears Garner 500% Profit From Structured Product Bets http://t.co/4bhoQhcM
Standard Chartered: rogue bank or victim of renegade regulator? http://t.co/klW866Bh
Former Barclays Trader 'Has Cooperated' with Libor Probe according to Hedge Fund Fund employer http://t.co/Ok1I7hn9
Bob Diamond's 'highly selective' evidence slammed in MPs' Libor report http://t.co/ZzspfvNR
Can Ireland escape from the bank debt burden? http://t.co/Ewl5ABz7
The Accounting Trick Behind Thirty Years of Scandal http://t.co/UotOJaYz
Why collateral optimisation is a core focus for many banks. http://t.co/dRrvWIpz
The Rise and Rise of Operational Due Diligence http://t.co/Zf1IJyDV
Why and how should LIBOR fixing be reformed (http://t.co/wmigLj7m) and screened for collusion (http://t.co/XMWwr3mw)? via @Kiffmeister:
A novelist explains a credit default swap. http://t.co/2Or1YuEy - via @HoumanShadab
The MEP directing the Euro Parliament's reading of MiFID II throws his weight behind draft German legislation http://t.co/wLY3HfWX
OCC’s Quarterly Report on Bank Trading and #Derivatives Activities -First Quarter 2012 http://t.co/9vq8HXXe
Pan-European MTF Turquoise is implementing a fee structure for its market data from November http://t.co/5DqQunM6
Only 1/3 of traders on banks’ interest-rate dealing desks think Libor will survive unaffected in the long term http://t.co/JV4y3Tga
Besmirched During Crisis, Derivatives Creep Back http://t.co/WZpP0BlQ
New Barclays chairman: Sir David Walker has half a century of experience http://t.co/pcUiCNgC
A Greek banker, the Shah and the birth of Libor http://t.co/6ruq0weM
@IMFNews - Financial Support for Arab Countries in Transition http://t.co/gd400gQc
The Evolving Contours of Insider Trading http://t.co/lKfjp7WU
Standard Chartered's Money Laundering is Standard Bank Business http://t.co/o7GN8F50
The report on HSBC "reads like racketeering indictment of crime family" http://t.co/nLiMOOhJ
HSBC's money-laundering apology reads like admission of sleeping management http://t.co/qHQ9qcpd
Why investors should avoid hedge funds - @FelixSalmon http://t.co/gPnkjKFx
Christopher B. Tobe Killed a Hedge Fund http://bit.ly/T1E433
Corzine's Way: Lose a Billion, Start a Fund http://t.co/vAVxNn2h

Science and General Interest

Dogbert's International Bank for Bailing out Countries that are bad at Math http://t.co/Gm4ZGSQb
The latest trend in crowdsourcing: organizing workers en mass to do routine tasks assigned by algorithm http://t.co/8gTrmlW0
Solved: 10-year old prob in theoretical computer science - good news 4 cryptographers, bad news 4 quantum physicists http://t.co/q8BEdgXq
Do your head in: “Qubits that never interact could exhibit past-future entanglement” http://t.co/lRlRNlis
Contrasting studies measure altruism (http://t.co/s41f9SrD) and spitefulness (http://t.co/xkX8LnYN)
"Persistent homology": Fractals, Topology and Complicated Shapes http://t.co/E7EKpyoW
Introducing the Twitter Political Index: Welcome to the age of big political data. http://t.co/S1i00NnC
Investing in Gold: How much does an Olympic medal cost? http://t.co/vkodcDq1
Can online education ever be education of the very best sort? http://t.co/k9EAyHOp
The economic cost of increased temperatures http://t.co/YrAq94vW
Gold Medals and Macroeconomic Models http://t.co/9GK5GNin
Scholes, Lucas, Mundell and Prescott among this list of economists standing with Romney - any surprises here? http://t.co/9GNBNeEf
Reuters hacked third time this month. Crumbs. http://t.co/gFN6UlKd
Book Review: Autistic synaesthete, polyglot and memory man, Daniel Tammet's 'Thinking in Numbers' http://t.co/So7nyaJ5
A new computational approach that can accurately model the birth & evolution of galaxies over billions of years http://t.co/QrIq409T
Is it viable to finance higher education through the capital markets? http://t.co/n6gBrDvG
The success of China’s telecoms-equipment behemoth makes spies and politicians elsewhere nervous http://t.co/l9nR8FyL
Ghost Towns: China is said to have built the equivalent of Rome every two months in the past decade. http://t.co/mnxIECkn
An 1873 dime just sold for $1.6 million at auction. http://t.co/SsHlJkW6
A Survival Analysis of the Duration of Olympic Records #olympics #london2012 http://t.co/FtBiKjje
New York's financial regulator: Ambitious with an aggressive courtroom style & tipped to be on a ballot paper soon http://t.co/YEexGqYO
Black Market Drug Site 'Silk Road' Booming: $22 Million In Annual Sales http://t.co/nYSLFnKo
The underground economy of social networks http://t.co/MnLVTBuK
To Keep Stealth Edge, Pentagon Looks for New Ways to Mine ‘Rare Earths’ http://t.co/WeOjJ3j0
A fake Tweet claiming Syrias's Assad is dead spooked the Oil Markets http://t.co/7iwHd3ew
Going for broke: how universities can deliver on their economic potential http://t.co/kf2sN8sF
How Yale's Business School Lost $20 Million http://t.co/4gCf3r9B
London 2012 Olympics: why the British economy isn't a winner http://t.co/GK37R2iz
Some fairly serous questions about Facebook's Advertising Analytics and tracking functionality http://on.fb.me/NFGKnU

Finance and Technology

Think before you Code/Debug/Deliver... http://t.co/rwmZlKAt
How To Deal With 200k Lines of Spaghetti Code http://t.co/RdP7Seuc
Building QuickBooks: How Intuit Manages 10 Million Lines of Code http://t.co/zj93jCms
Aussie bank robbers using fuel-air explosives on ATMs: http://t.co/ACMchgIa
In the current environment, it seems everyone’s having to do more with less. Does this apply to execution brokers too? http://t.co/cglHx694
GPU-based supercomputing cluster could help Square Kilometer Array stitch together > exabyte of data per day http://t.co/EW5Yy9Ch
Talk about Big Data: IT At the LHC — Managing a Petabyte of Data Per Second http://t.co/gxw29EmY
Tobias Preis's rather useful GPGPU Research Page http://t.co/ifpVZub2
A bug at Knight http://t.co/cjZbnHZN how to make finance safer via @portfolioprobe
Knight Trading Loss Said to Be Linked to Dormant Software http://t.co/eQFT9MUW
The Psy-Fi Blog: Knight, Knight, Automated Trading Dreams http://t.co/lMHGAkar
Good, well-researched post from Eric Hunsader of @nanexllc http://t.co/Gk9yltb0 via @hftreview
Bitcoin users sue over funds lost in site attack http://t.co/JhI3msr6
Why Software Fails (pdf) http://t.co/8KiRjmQO
An algorithm that can identify the source of an epidemic or information circulating within a network http://t.co/ePeHygWq
Ex-Goldman Sachs coder cuffed on fresh 'source theft' charges - http://t.co/9xIQ3VdO
How much is a data scientist worth? http://t.co/FYsbuFEz
A virus found in Mideast can spy on finance transactions http://t.co/V2GgyjpV
Another European SMEs Exchange http://t.co/EwKkZBiQ
A former Lloyds Bank worker in charge of online security has admitted carrying out a £2.4m fraud http://t.co/UjvZFbGT
The estimated price tag for the US elections in November is almost $6bn (£3.8bn). Why so much? http://t.co/rjRretNn

Financial Research Centers

#16 - Center for International Securities and Derivatives Markets - http://t.co/TdtYaAwM
#15 - Financial Mathematics at Kings College London http://t.co/qMpMEkXJ
#14 - Edgeworth Centre for Financial Mathematics, Dublin City University B-School http://t.co/jzzccIBa

Research

Death and Taxes and Zombies - http://t.co/JtAlSnMz
Legislating Stock Prices http://t.co/yo60bWCp
Fiscal Policies and Asset Prices http://t.co/NCgppULQ
The Social Climbing Game http://bit.ly/Q2xvgc
Are Tall People Less Risk Averse than Others? @ssrn http://t.co/2KDalNe5
Efficient Algorithms for Computing Risk Parity Portfolio Weights http://bit.ly/MT08Mk - @GokhanKula
Public Sector Employees: Risk Averse and Altruistic? Awesome behavioral economics paper via @SSRN : http://t.co/GSJkAPVD via @GTCost
Basel Committee issues consultative document on managing risks associated with the settlement of FX Trabsaction http://t.co/ucFJP0QJ
A multi-agent nonlinear Markov model of the order book http://t.co/l2nE3UHE
Modeling and Forecasting Persistent Financial Durations http://t.co/i5zQLmP6
Interest Rate Manipulation Detection using Time Series Clustering Approach. http://t.co/s86gyBGX
Distribution Of Wealth In A Network Model Of The Economy http://t.co/fNVP15vg
Physical approach to price momentum and its application to momentum strategy http://t.co/BCVImqyd
Degenerate-elliptic operators in mathematical finance and higher-order regularity for solutions to var... http://t.co/DxmQioKR
Why, when, and how fast innovations are adopted. http://t.co/RPT7J8lF
Recommendation systems in the scope of opinion formation: a model http://t.co/YGEQTiba
Risk minimizing of derivatives via dynamic g-expectation and related topics. http://t.co/m68SyG2V
Relations between allometric scalings and fluctuations in complex systems: The case of Japanese firms http://t.co/Ky3Y2CIO
Wisdom of the Crowd: Incorporating Social Influence in Recommendation Models http://t.co/AI73BETj
Limited Imitation Contagion on Random Networks: Chaos, Universality, and Unpredictability http://t.co/27y6fwib
Betweenness Preference: Quantifying Correlations in the Topological Dynamics of Temporal Networks http://t.co/M9uqWiWn
Weighted Kolmogorov-Smirnov test: accounting for the tails http://t.co/yiJtTqtk
Applications of Complex Systems in Business and Economy http://t.co/yjEIvBGr
Measuring capital market efficiency: Global and local correlations structure. http://t.co/xCbu3E1R
General Balance Functions in the Theory of Interest. http://t.co/7wwpY0ju
Mathematical Definition, Mapping, and Detection of (Anti)Fragility http://t.co/zJsnUM1o
Does GDP measure growth in the economy or simply growth in the money supply? http://t.co/yJyZR5Ly
Second Order BSDEs with Jumps, Part II: Existence and Applications http://t.co/uPaG6X7r
What are the limits on Commercial Bank Lending? http://t.co/Jgor00R1
Directed Random Markets: Connectivity determines Money http://t.co/KNFtuLdm
Material needs and aggregate demand http://t.co/bCubBql3
Can Metropolitan Housing Risk be Diversified? A Cautionary Tale from the Recent Boom and Bust. http://t.co/sYrSYjB6
Weighted Kolmogorov-Smirnov test: accounting for the tails. http://t.co/VChyaGw3
Scaling, stability and distribution of the high-frequency returns of the IBEX35 index http://t.co/09hcMJYh
On the Multi-Dimensional Controller and Stopper Games http://t.co/IF1JgCIB
Two Curves, One Price: Pricing & Hedging Interest Rate Derivatives Decoupling Forwarding and Discounti... http://t.co/frmojYpa
Portfolio Choice with Transaction Costs: a User's Guide http://bit.ly/OB66mv
Computing Quantiles in Regime-Switching Jump-Diffusions with Application to Optimal Risk Management: a... http://bit.ly/Q7KkXf
Recovery and resolution of financial market infrastructures, consultative report issued by CPSS-IOSCO http://bit.ly/QcR0CA
Conditional sampling for barrier option pricing under the Heston model http://bit.ly/P8X1wf
Adaptive Execution: Exploration and Learning of Price Impact http://bit.ly/Q0ncZY

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MoneyScience

MoneyScience Digest -18/08/12

Featured

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Featured Books From Wiley Finance

Events

Announcements

Finance and Banking

Science and General Interest

Finance and Technology

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Research

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