….of Apple and the cult that grew up around it. To me computers are tools to get a job done – they are only a fashion statement for the sad. However, there is no denying the impact of Steve Jobs upon the popular psyche and his remarkable business acumen. In the outpouring of grief surrounding…
This is the Russell 2000 which on Wednesday gained over 4% in 20 minutes. I haven’t really heard an explanation for this other than it might have been a short squeeze. Although the spectre of HFT has raised its head. What this also demonstrates is the asymmetry of common sense possessed…
Game theory is the standard tool used to model strategic interactions in evolutionary biology and social science. Traditional game theory studies the equilibria of simple games. But is traditional game theory applicable if the game is complicated, and if not, what is? We investigate this question here, defining a complicated game as one with many…
Game theory is the standard tool used to model strategic interactions in evolutionary biology and social science. Traditional game theory studies the equilibria of simple games. But is traditional game theory applicable if the game is complicated, and if not, what is? We investigate this question here, defining a complicated game as one with many…
Apparently Greece that wonderfully run little third world country in the Mediterranean that is causing the rest of Europe heartburn with its institutionalised dishonesty may miss all of its targets. For an entertaining short piece on how Greece’s level of dishonesty could have been spotted see the always interesting Tim Harford
Michael Lewis has produced to of my favourite finance related books (Liars Poker and The Big Short) albeit decades apart. This profile piece from New York magazine gives a bit of background to him.
Michael Lewis has produced to of my favourite finance related books (Liars Poker and The Big Short) albeit decades apart. This profile piece from New York magazine gives a bit of background to him.
Apparently Greece that wonderfully run little third world country in the Mediterranean that is causing the rest of Europe heartburn with its institutionalised dishonesty may miss all of its targets. For an entertaining short piece on how Greece’s level of dishonesty could have been spotted see the always interesting Tim Harford
Excellent piece from the Washington Post on the failure of management in the cases of rogue traders. As history teaches us, there are no rogue traders; there are only rogue banks. Here’s a news flash: If you issue credit, your working assumption must be that there are unqualified people who will try to borrow money…
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