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MoneyScience's Blog: Risk Management

Forecasting Financial Crises: A Short Documentary

January 14, 2013 Comments (0)

Finance is as fragile as a house of cards, as complicated as a Rubik cube, and as intermingled as a bunch of mikado sticks. Science can help to sort out patterns in the complexity of the economic world. FOC (Forecasting Financial Crises), a European research project, has developed tools to model, monitor, and visualize crucial patterns of financial crises.

FOC is a Scientific Project Financed by FET OPEN Scheme in the field of Information and Communication Technology by the European...

Video - Trading’s evolving next generation? Control systems, feedback loops, adaptive knowledge capture

December 7, 2012 Comments (0)

Via the Finteligent Trading Technology Community comes this interesting presentation by Ken Yeadon which was given at November's Future City event in London.
FUTURE CITY : Trading’s evolving next generation?- control systems, feedback loops, adaptive knowledge capture from Chief Nation on Vimeo.

About Ken Yeadon
Ken Yeadon, Chairman Thematic Group, ex HSBC, early inevstor in Currenex and now active in new trading related ventures. Ken has possibly unrivaled experience across the...

Study: Only a third of us show a consistent approach to financial risk

December 3, 2012 Comments (0)

Empirically rich new study finds most people alter their risk-management approach depending on the type of financial decision.

Source: Peter Dizikes, MIT News Office
Take a moment to consider some of the financial choices you’ve made in recent years. Do you have a consistent approach to your money, either by playing it safe or having a willingness to take risks? Or do you not have a set philosophy, and instead make your financial decisions independently of each other?
In economics,...

How 'black swans' and 'perfect storms' become lame excuses for bad risk management

November 26, 2012 Comments (0)

Stanford risk expert recommends engineering principles to assess catastrophic risk
The terms "black swan" and "perfect storm" have become part of public vocabulary for describing disasters ranging from the 2008 meltdown in the financial sector to the terrorist attacks of September 11. But according to Elisabeth Paté-Cornell, a Stanford professor of management science and engineering, people in government and industry are using these terms too liberally in the aftermath of a disaster as...

In financial ecosystems, big banks trample economic habitats and spread fiscal disease

November 15, 2012 Comments (0)

Like the impact of an elephant herd grazing on grassland, multinational banks shape the financial environment to an extent that far outweighs their small number. And like a contagious person on a transnational flight, when these giant, interconnected banks succumb to financial ills, they are uniquely positioned to infect wide swaths of the financial system.
Researchers from Princeton University, the Bank of England and the University of Oxford applied methods inspired by ecosystem stability...