Risk and the Financial Markets
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.
About OpenHazards Bloggers
Steven Ward is a Research Geophysicist at the Institute of Geophysics and Planetary Physics, UC Santa Cruz. He specializes in the quantification and simulation of natural hazards. Read Steve's blog.
John Rundle is a Distinguished Professor of Physics and Geology at UC Davis and the Executive Director of the APEC Collaboration for Earthquake Simulations. He chaired the Board of Advisors for the Southern California Earthquake Center from 1994 to 1996. Read John's blog.
Comments
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.
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