..for one user including IBES?

<t>What I find fascinating is that large parts of the profits are being paid out to employees, without the shareholders stepping in. As opposed to other industries people with good investment strategies can switch firms easily. Without prop trading profits should be much smaller. Many activities are...

<t>That's all very interesting, but a little besides the point. Physicists use (rather) precise measures and terminology. They are able to look at microstates and compare them with macrostates and the interaction. In economics there are no precise measures and no precise terminlogy. The idea that fi...

<t>If you compare RenTech to mainstream QuantFinance you should learn about what they are doing exactly. Hint: they don't hire finance guys and they operate mostly in very small time frames. That has nothing to do with riskmanagement / long-term economic models, which is what we are talking about he...

<t>QuoteOriginally posted by: knightrider@macrotrade: acastaldo is a bit too harsh, but is the reason Krugman's rant appeals to you that you are gleeful that you can finally shed the burden of playing with all those squiggly Greeks? What the h**l is "Logic >> Maths"? What do you care which is larger...

<r>QuoteThis third hypothesis for the cause of bubbles has support from behavioral finance and from more abstract studies of agent ecologies.I think this research only supports reasoning by analogy, not reasoning by prediction. Both strands of economics fail: the deductive approach and the empirical...

<t>Krugman's article has a very valid point, hasn't he? "Economists get It so wrong", because they rely on deeply flawed mathematics / thinking. Schopenhauer once said mathematics begins where thinking stops, and that is very true of (mathematical orientated) economics, especially in the heads of 'q...

<r>Profit by definition is income in excess of costs. Corporate profits are being paid out to its owners (at some point). So more corporate profits in the economy (versus GDP) means more wealth for stockholders. Stockholders to a great extent are rich people.Profit gets cummulated in a balance sheet...

Should the spread of barrier options (up/down out) widen the nearer it gets to the barrier? Are there any heuristicts / formulas for this? Thx.

<t>Quotereflexive systems contain a dynamic nonlinearity such that the equations of the system change over time. Or expressed as a computer programm: a programm which rewrites it's own code. I'm thinking of Von-Neumanns theory of self-reproducing automata here [1]. Because Heisenberg is never mentio...

<t>Quotethey are just plain nonsensical or incomplete, amateurish. Yeah, Soros is a real amateur when it comes to predicting financial markets. But people like Bernanke who believe economics is a subset of mathematics are right on the money. We all know how those great "theories" work on in practice...

<t>Quotei find soros' "explanations" of his thinking very chaotic. [...] he simply doesn't have a coherent theory [...] There can't be a theory, that's the whole point. Just like there can't be an algorithm which derives all future mathematics. Does that make Gödel's wrong? Of course Soros' argument...

<t>The biggest challenge to a mathematical theory of finance, that is actually economics, is not some aspect of mathematics. Calling a shortcoming of knowledge a theory is kind of strange anyway. The problem is really how quantitative and qualitative aspects are related. People forget that mathemati...

I am working for an investment boutique and want to move into hedgefunds. I have no great names on my CV, so I am looking for places where I do have chance. Actually I want to do (systematic) strategies, but I would do programming/data stuff, too, if it's related. Comments appreciated.

What about the Soros / Taleb / agnostic school of economics? Mainstream economics is axiomatic.