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MoneyScience's Blog: Research

MoneyScience Research Digest: March - April 2013

May 2, 2013 Comments (0)


Existential Risk Prevention as a Global Priority
Open Access to Data: An Ideal Professed but Not Practised
Quantifying Trading Behavior in Financial Markets Using Google Trends
Are Friends Overrated? A Study for the Social News Aggregator
Analysis of bibliometric indicators for individual scholars in a large data set
A Method for Comparing Hedge...

Why financial markets are inefficient

January 24, 2013 Comments (0)

Roger E. A. Farmer
The efficient market hypothesis – in various forms – is at the heart of modern finance and macroeconomics. This column argues that market efficiency is extremely unlikely even without frictions or irrationality. Why? Because there are multiple equilibria, only one of which is Pareto efficient. For all other equilibria, the whims of market participants cause the welfare of the young to vary substantially in a way they would prefer to avoid, if given the choice....

The reason we lose at games

January 14, 2013 Comments (0)

Writing in PNAS, a University of Manchester physicist has discovered that some games are simply impossible to fully learn, or too complex for the human mind to understand.
Dr Tobias Galla from The University of Manchester and Professor Doyne Farmer from Oxford University and the Santa Fe Institute, ran thousands of simulations of two-player games to see how human behaviour affects their decision-making.
In simple games with a small number of moves, such as Noughts and Crosses the optimal...

Popular MoneyScience 2012 Part 3: Top 30 Research Papers

December 17, 2012 Comments (0)

Following on from Part 1 (Top 10 Videos) and Part 2 (Top 10 Blog Posts), I'm pleased to present the final part of our annual review of the most popular content at MoneyScience.
In the 2 lists below you'll find the Top 10 most popular papers contributed to the MoneyScience Research Library, along with the Top 20 Pre-prints cross-promoted from the arXiv preprint server.
Top 10 Papers from the MoneyScience Research Library
High Frequency Trading Acceleration Using FPGAs Christian Leber,...

Hedge funds manipulate stock prices, new research shows

December 13, 2012 Comments (0)

Some hedge funds manipulate stock prices at the end of the month to improve the returns that they report to their investors, a new study suggests.
In a study of 10 years of hedge fund data, researchers found evidence that some funds run up prices on specific stocks they hold on the last day of the month and quarter – especially the last 20 minutes of trading – before they report their returns for the period. But the prices usually fall back the next day, after the abnormally large...