MoneyScience Digest - 07/09/12 - MoneyScience's blog

Featured

Wiley WILMOTT Summit - Risk and Quant Modeling in Finance feat. Paul Wilmott, Ed Thorpe, Aaron Brown http://bit.ly/PtkLxf - Early Bird Discounts Available

Battle of the Quants - London: September 10-11 - http://bit.ly/T0fn54

Aaron Brown's essay on the meandering path of the word "quant" http://bit.ly/TW9xlP

Economic impact assessments on MiFID II policy measures related to computer trading in financial markets http://bit.ly/QfRwjA

Sandy Pentland - Reinventing Society in the wake of Big Data http://bit.ly/QWGJwO - via @cxdig

"This all sounds very scientific - but the problem is, it isn’t": The limitations of probabilistic decision making http://reut.rs/OZAYLq

When hedge funds advertise http://reut.rs/QeNCEi

Economics in Denial http://bit.ly/P3rvV0

“So long as size and complexity persist, we cannot claim that we've solved the too-big-to-fail problem” http://bit.ly/NO7tQ2

We need a bank IT stress test http://bit.ly/Qdj5qx via @JLbankingblog

Algorithmic Revolution - Silicon Valley meets Wall Street ... http://bit.ly/NwISyW via @carlcarrie

Is there a "gender gap" in the views of professional economists? Quite a big one, apparently http://bit.ly/Q4xFSy

The Global Debt Clock Interactive Graphic http://econ.st/Q2vq0D

The Psy-Fi Blog: Birds, Bees and Decoy Effects http://bit.ly/Q2O8qs via @psyfitec

Beliefs drive investors more than preferences, study finds http://bit.ly/TgzRcQ

This paper aims to explore the key factors that drive the evolution of algorithmic classes http://bit.ly/PVxEUY

Fighting financial complexity with simple rules?: http://goo.gl/y675S

A look at Bayesian statistics http://t.co/wE8Mw8qo

Computational social science: Making the links http://bit.ly/Tdd1mq via @cxdig

Video - Milton Friedman on 'Myths that conceal reality' (1977) http://bit.ly/NLq894

Conspiracy theory: Lawyers gear up for high-stakes Libor case - http://bit.ly/PFhrPJ via @RiskNetNews

Falkenblog: Finance is Domain Specific Knowledge http://bit.ly/PVf275

How News Affects the Trading Behavior of Different Categories of Investors in a Financial Market http://bit.ly/NhhbnI

Introducing: Lazy Erasure Coding. A better way to store data? http://bit.ly/P3OGPf

High-frequency journalism http://bit.ly/OZFDNF - via @AbnormalReturns

Crazy stuff: How to bring Turing's computational order to an irregular universe based on Penrose tiles http://bit.ly/OKcdTd

Free Journal Article from the Journal of Banking Regulation - http://bit.ly/OXVSux

Events

Introduction to Financial Sentiment Data: Theory and Practice, London, October 11th - http://bit.ly/OgYqCK

Introduction to Finance with R webinar http://bit.ly/OPzZNE

Thalesians, and other events http://bit.ly/NQZlZf via @PortfolioProbe

Announcements

Updated; 250+ Finance / Economics Tweeters Worth Following - http://bit.ly/GGGJwa

MoneyScience is delighted to include 6 new journals from Palgrave Macmillan in our Financial Research Section:

The Geneva Risk and Insurance Review

The Geneva Papers on Risk and Insurance - Issues and Practice

International Journal of Disclosure and Governance

Journal of Asset Management

Journal of Derivatives & Hedge Funds

Journal of Banking Regulation

Welcome to the MoneyScience Digest! To get a copy in your email box every week, you can SIGN UP HERE, or to see previous editions go HERE.



		Click to Expand

London Metal Exchange: Financial Training Events Coming Up - http://bit.ly/NNVoXq
The 2012 KPMG Outstanding Published Manuscript Award on Corp Governance, Gender Issues & the Boardroom @PalgraveJournal http://bit.ly/TYq1Kj
Journal of Derivatives & Hedge Funds publishes first open access article @PalgraveJournal http://bit.ly/Ob8oKb

via @LME_News Book now for LME education courses in LME Week 15-19 October: http://www.lme.com/education/education-calendar.asp … http://bit.ly/QF8Wbo

Featured Books From Wiley Finance

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

Follow @moneyscience

Follow @risk_mgmt

Follow @fin_tech

Follow @businessschools

Follow @hedgefundfocus

Finance and Banking

Sample Chapters: "13 Bankers; The Wall Street Takeover and the Next Financial Meltdown" http://scr.bi/QhPW0O
Book Review: Future Money: Breakdown or Breakthrough? http://bit.ly/Qfzb6l
Wall Street Leaderless in Rules Fight as Dimon Diminished regulation http://bloom.bg/RdmHgn
A trader who doesn't take vacation is a trader who doesn't want to let anyone else look at his book. http://on.wsj.com/NLtXez
How banking culture transformed over the decades http://bbc.in/TXhR4O
Lloyds of London recovered from scandal in the '90s, now its chairman has urged bankers to see the light http://bit.ly/QdnD5U
The trade body for Europe's high-frequency trading firms has doubled its membership base in little over a year http://bit.ly/QozZ9a
The "unintended consequences" of QE. http://bit.ly/ORWlhq
Streamlining Nomura http://bbc.in/OZf0Ix
Bearish BRICs: Have the BRIC Nations lived up to the Hype? http://bit.ly/NT5hB0
Acording to this report, Hedge funds are having another terrible year http://bit.ly/TheidR
UBS Starts Unit Providing Services for Quantitative Hedge Funds http://bloom.bg/Rdm3zp
CME Group says in process of applying for London-based derivatives exchange. http://plts.co/cmeg0820 via @PlattsOil:
Man Group debuts computer-driven bond hedge fund http://reut.rs/QiUXGu
Cosy World of Inter-Dealer Brokers Faces Shake-Up http://bit.ly/PYjJw3
Is there a link between ADHD and spectacular financial failures? http://gu.com/p/39m8h
SEC Study Regarding FinancialLiteracy Among Investors (pdf) http://1.usa.gov/RAYCAb
Spain Moves Back onto the Economic Frontline http://bit.ly/ReyfLU
Hedge Funds Cleared to Advertise Under SEC Proposal http://bloom.bg/OQwCYI
Feast in the Front Office, Famine in the Back Office http://bit.ly/QfuNUP
Promoting Multilateral Solutions for a Globalized World http://bit.ly/SYleuF
A cruel end to summer for hedge funds as they’re forced to “open their kimonos” http://bit.ly/Sxt6V6
Taming the Wolverine: How To Control the Costs of Modern Trading http://bit.ly/PAFWNW

Blogs and Comment

How Warren Buffett is Different from Most Investors, Part 1 http://bit.ly/SDWaun Part 2 http://bit.ly/TkUPHJ - @AlephBlog
David Rowe's September Risk column: "Debt Mutualization: Lessons from the US" http://bit.ly/P2eMSw
Economists Love The Spread http://bit.ly/ONzjIA - Falkenblog
“I do not have a lot of confidence in anybody’s near-term oil-price forecasts” - James Hamilton via @oilandenergy http://bit.ly/PWLuoB
Book Review: A Decade of Debt http://bit.ly/Ov2PTi - @AlephBlog
Book Review: The Nature of Risk http://bit.ly/SQLiYx - @AlephBlog
Book Review: The Crisis of Crowding http://bit.ly/Pnvai4 - @AlephBlog
Bad Trades as a Macro Parable http://bit.ly/Op7GFI - Falkenblog
Garch and long tails http://bit.ly/PkgD6N - @PortfolioProbe
Book Excerpt http://bit.ly/PPIYBj - Falkenblog

Science and General Interest

Human capital endowments passed from father to son could be more important to success than the size of dad's paycheck http://bit.ly/TgyElP
"We think we can definitely decouple growth in arttion... from the growth in emissions..." - UK Aviation. Hmmm. http://bit.ly/PLVvC2
Crumbs. Atlas Shrugged - The Movie Trailer http://bit.ly/Uu7CXS
Morningstar parts ways with Footnoted http://shar.es/7PrLO via @retheauditors:
Why the collapse of venture capital is a good thing http://bit.ly/O8NTOf Q&A w/ @fredwilson
In case you missed it: The Harvard Cheating Scandal http://nyti.ms/Rhg8VR
We need a new way to teach ethics in business schools http://slate.me/SgMJlD
Future memory: Ferroelectric materials could bring down cost of cloud computing http://bit.ly/O89pTt
Study spanning 5 generations confirms that wealthiest families tend to be small, despite evolutionary pressures. http://bit.ly/OKba5G
Gender bias in leading scientific journals http://bit.ly/PF7m51
arXiv gets five-year grant for its scientific repository http://bit.ly/RfMrUW
Results from 5 experiments reveal how affluence impacts responses to both natural and man-made disasters http://bit.ly/OUfe3F
Nocebo effect - the harm expectations can do http://bit.ly/PD495S via @DericBownds
Thorium reactors could hold the key to safer cheaper nuclear power http://bit.ly/OvTRVM
Falkenblog: Buying Book Reviews http://bit.ly/Qq4YTJ
PayPal founder bankrolls 3-D printed meat http://bit.ly/TS5kBx
Developments in aerogel technology - pretty awesome. http://bit.ly/OMvAZg
Atheists & believers alike will repeatedly make sacrifices to unresponsive entities in the hope of a better outcome http://bit.ly/PAHqrs
“New [and polemical] thinking' on the evolution of human cognition http://bit.ly/O0OKeu
“Capitalism, at its most remorseless, is a physical manifestation of psychopathy.” Jon Ronson on Corporate Psychopaths http://bit.ly/NAGWFu
And while I'm at it: The Corporate Pychopaths Theory of the Global Financial Crisis - http://bit.ly/wEUL4A
Buying Twitter followers is sinful, says Saudi cleric http://bit.ly/NWNMDx via @maxkeiser:
A lot of things didn't happen at the Olympics this year: The Olympics as a Story of Risk Management http://bit.ly/RbmgDf

Finance and Technology

Suspected million dollar bitcoin Ponzi Scheme shuts down - http://vrge.co/TxA3lp
Wall Street Firms and Smartphone Security http://bit.ly/Qf3VB0
And on the same theme. Technology Risk is the new risk. http://bit.ly/PLUs52
New proposals for Irrational-stock-movement-based-circuit breakers & high frequency data integrity http://bit.ly/OcTK5e via @carlcarrie:
Research / Reviews on Circuit Breakers in Financial Markets : http://bit.ly/OcU1oS , http://bit.ly/OcU4kg , http://bit.ly/OcU83G and http://bit.ly/OcUaZd
Bitcoin Exchange BitFloor Shut Down after Attacker Steals 24,000 BTC http://bit.ly/OZdkin
GPGPU Implementation of Approx String Matching w/ Reg Exp Operators & Comparison with FPGA Implementation http://bit.ly/Rc5llp via @sclopit
Gone are the days when voice recording apps had relatively little visibility within a firm’s IT dept http://bit.ly/PYUJEK
Cosma Shalizi is posting slides and details of his course: “Introduction to Statistical Computing” http://bit.ly/TW8Qcb
“Gamification Gets Serious for Financial Services Compliance Training” http://bit.ly/OOnMau
Patterns for research in machine learning http://bit.ly/OTNUn
On the predictive power of #'Twitter signals http://bit.ly/PZpcE8
High-Frequency Traders Flat-Out Buying Data Ahead of You http://on.wsj.com/OgGtnV
BitInstant launching bitcoin debit card http://t.co/HBuMb8t0
Asia's fastest Data Cable, the 7,800km Asia Submarine-cable Express opens for business http://bbc.in/MGJyjy
Another comparison of heuristic optimizers http://bit.ly/P8FO7V via @portfolioprobe

Research

You turn if you want to: Moral hazard and the Pensions Regulator http://bit.ly/TlMrJq
The future of retirement http://bit.ly/TlMrJo
Diversity of Dutch pension fund boards http://bit.ly/OWtxTt
Financing the elderly in Indonesia http://bit.ly/OWtvuO
Cohabitation: A nightmare on the allocation and distribution of death benefits in terms of section 37C... http://bit.ly/TlMrt2
Time-Frequency Dynamics of Biofuels-Fuels-Food System. http://bit.ly/TkhzZL
How big is too big? Critical Shocks for Systemic Failure Cascades. http://bit.ly/TkhxB6
The Sharpe ratio's market climate bias: Theoretical and empirical evidence from US equity mutual funds http://bit.ly/Qant9D
How much value should you expect to gain or lose by replacing your investment manager? http://bit.ly/Q96eLz
The search for an exploitable value premium in market indexes http://bit.ly/Q96eLx
An anatomy of calendar effects http://bit.ly/Qanv16
Earnings response elasticity and post-earnings-announcement drift http://bit.ly/QanuKO
Correlations and Dependencies in the Global Financial Village http://bit.ly/Q7xpGo
Linking agent-based models and stochastic models of financial markets http://bit.ly/Q8xNPz
Comparing the performance of FA, DFA and DMA using different synthetic long-range correlated time series http://bit.ly/Q7xpq6
Common Mistakes when Applying Computational Intelligence and Machine Learning to Stock Market modelli... http://bit.ly/Q7xolW
Close relationships: A study of mobile communication records http://bit.ly/Q7xolS
Research Library: Economic impact assessments of proposals for computer trading (pdf) http://bit.ly/RkXCfh
Research Library: What is the economic impact of the MiFID rules aimed at regulating high-frequency trading? (pdf) http://bit.ly/R81qWv
Research Library: Harmonized circuit breakers (pdf) http://bit.ly/R81rtC
Research Library: Market-making obligations and algorithmic trading systems - A feasibility assessment of the Ma... http://bit.ly/RkXAnw
Research Library: Order to trade ratios and their impact on Italian stock market quality (pdf) http://bit.ly/R81qG9
Research Library: Minimum resting times vs. call markets and circuit breakers (pdf) http://bit.ly/OOjD84
Research Library: Minimum resting times and transaction-to-order ratios (pdf) http://bit.ly/TlL3EZ
Research Library: Minimum quote life and maximum order message-to-trade ratio (pdf) http://bit.ly/OOjD7Y
Crises and collective socio-economic phenomena: cartoon models and challenges.http://bit.ly/R60cel
Scenarios and their Aggregation in the Regulatory Risk Measurement Environment. . http://bit.ly/R60bY7
Pricing of Variance Swaps under a Credit-Equity Modeling Framework.http://bit.ly/RjsEUz
On the global economic potentials and marginal costs of non-renewable resources. http://bit.ly/RjsEUx
Optimal relaxed portfolio strategies for growth rate maximization problems with transaction costs. http://bit.ly/PXV8J8
First order strong approximations of scalar SDEs with values in a domain. http://bit.ly/PY02jU
Kinetic models for the trading of goods.) http://bit.ly/PSdMwo
Superreplication under Volatility Uncertainty for Measurable Claims. ) http://bit.ly/PSdK7M
Finite quantum mechanical model for the stock market.http://bit.ly/QG7XYh
Second Order Multiscale Stochastic Volatility Asymptotics: Stochastic Terminal Layer Analysis & Calibr... http://bit.ly/Pw66jm
Benford's law and Theil transform of financial data.http://bit.ly/Pw63Uu
High-order short-time expansions for ATM option prices under a tempered stable Levy model. http://bit.ly/SOXHhi
Quadratic BSDEs with Jumps and Related Non-linear Expectations: a Fixed-point Approach. http://bit.ly/SOXHhg
Hedging Swing contract on gas markets. http://bit.ly/PktiRs
How Non-linearity will Transform Information Systems. http://bit.ly/PktkZz
Wrong-way risk in credit and funding valuation adjustments.http://bit.ly/PktiRo
Portfolio optimization with insider's initial information and counterparty risk.http://bit.ly/Pm3ZUN
Exploring complex networks rt topological embedding on surfaces.http://bit.ly/PktiB2
High-Water Marks and Separation of Private Investments.http://bit.ly/P0gNdN
Revisiting the fractional cointegrating dynamics of implied-realized volatility relation with wavelet ... http://bit.ly/P5N3BF
Common Mistakes when Applying Computational Intelligence and Machine Learning to Stock Market modellin... http://bit.ly/Q0J60X
Yard-Sale exchange on networks: Wealth sharing and wealth appropriation. http://bit.ly/QspoWC
Comparing the performance of FA, DFA and DMA using different synthetic long-range correlated time seri... http://bit.ly/O2WHzQ
Small time central limit theorems for semimartingales with applications. http://bit.ly/O2WHzM
Robust maximization of asymptotic growth. http://bit.ly/O2WIDP
Outperforming the market portfolio with a given probability.http://bit.ly/O2WInB
Large liquidity expansion of super-hedging costs http://bit.ly/QjR4gd
Global Stability of Financial Networks Against Contagion: Measure, Evaluation and Implications.http://bit.ly/PPAhHg
Interest Rate Manipulation Detection using Time Series Clustering Approach http://bit.ly/QhL085
Why, when, and how fast innovations are adopted http://bit.ly/PMJGiP
Modeling and Forecasting Persistent Financial Durations http://bit.ly/QhKXcs
Locating the Source of Diffusion in Large-Scale Networks http://bit.ly/QhL07X
Exploring scientists' working timetable: Do scientists often work overtime? http://bit.ly/QhKXcm
Classic Research - Kahneman and Tversky's 'Prospect Theory: An Analysis of Decision under Risk ' (1979) http://bit.ly/p6m43K

ms_miscellany

MoneyScience

MoneyScience Digest - 07/09/12

Featured

Events

Announcements

Sponsored

Featured Books From Wiley Finance

Finance and Banking

Science and General Interest

Finance and Technology

Research

Related content

MoneyScience

Blog: MoneyScience Digest - 02/03/13

MoneyScience

Blog: MoneyScience Digest - 25/01/13