Risk and the Financial Markets

john's picture

Today was the Santa Fe Institute symposium on Risk and the Financial Markets. This is a meeting that happens once a year about this time, usually at the Morgan Stanley building on Times Square in New York city.  This was particularly interesting meeting for me, since Ed Thorp, the original "quant", lectured.  Ed was the first who understood how to beat the game of Black Jack with a combination of card counting and the use of the Kelly Criterion to limit risk (see, for example, William Poundstone's book, "Fortunes Formula" for a popular discussion.  

Other distinguished speakers such as Elke Weber (Columbia), Phil Tetlock (Penn), Vincent Reinhart (MS), Nicholas Barberis (Yale), Gregory Berns (Emory) and Daniel Laibson (Harvard) gave entertaining lectures leading to fascinating discussions.  For a full rundown of the events, please visit the Santa Fe Institute site.  Elsewhere on this web site, I have posted several photos of the events.


ailsaclover's picture

A money related market is a market in which individuals and elements can exchange monetary securities, products, and other fungible things of significant worth at low exchange costs and at costs that reflect free market activity. UK Essays. Securities in corporate stocks and securities, and products incorporate valuable metals or horticultural merchandise.

hannahross's picture

I think sooner or later if the global economy shows signs of strength, you will see the Fed want to raise rates and you will see the ECB get into a tapering mode. We have already pay someone to do my assignment seen the BoJ being forced to change its approach because it is running out bonds to buy.

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