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An Ode to Luck: Revisiting my Tesla Valuation
When investing, I am often my own biggest adversary, handicapped by the preconceptions and priors that I bring into analysis and decision making, and no company epitomizes the dangers of bias more than...
View ArticleIntroducing CAIA Alternative Viewpoints
Dear Reader, Welcome to CAIA Alternative Viewpoints. For those who have been following CAIA Associationâs website, or any of our industry commentary on social media, the title âViewpointsâ should...
View ArticleCAIA Viewpoint: A Conversation with the Institute of Business Ethics
By Keith Black, PhD, CFA, CAIA, FDP | Managing Director, Content Strategy at CAIA Association Recently, CAIA Association sat down for a conversation with Guen Donde, the Head of Research for the...
View ArticleAgencies Propose Changes to Modify “Covered Funds” Restrictions...
Five federal financial regulatory agencies on Thursday invited public comment on a proposal to modify regulations implementing the Volcker ruleâs general prohibition on banking entities investing in...
View ArticleSEC Proposes Amendments to Modernize and Enhance Financial Disclosures
The Securities and Exchange Commission today announced that it has voted to propose amendments to modernize, simplify, and enhance certain financial disclosure requirements in Regulation S-K. The...
View ArticleMyths and Realities: Modernizing the Proxy Rules
Speech by Commissioner Elad L. Roisman Myths and Realities: Modernizing the Proxy Rules
View ArticleRisk Management with Tail Quasi-Linear Means. (arXiv:1902.06941v3 [q-fin.RM]...
We generalize Quasi-Linear Means by restricting to the tail of the risk distribution and show that this can be a useful quantity in risk management since it comprises in its general form the Value at...
View ArticleKelly Betting with Quantum Payoff: a continuous variable approach....
The main purpose of this study is to introduce a semi-classical model describing betting scenarios in which, at variance with conventional approaches, the payoff of the gambler is encoded into the...
View ArticleRobust Optimal Investment and Reinsurance Problems with Learning....
In this paper we consider an optimal investment and reinsurance problem with partially unknown model parameters which are allowed to be learned. The model includes multiple business lines and...
View ArticleThe Impact of Oil and Gold Prices Shock on Tehran Stock Exchange: A Copula...
There are several researches that deal with the behavior of SEs and their relationships with different economical factors. These range from papers dealing with this subject through econometrical...
View ArticleHow Safe are European Safe Bonds? An Analysis from the Perspective of Modern...
Several proposals for the reform of the euro area advocate the creation of a market in synthetic securities backed by portfolios of sovereign bonds. Most debated are the so-called European Safe Bonds...
View ArticleDeep combinatorial optimisation for optimal stopping time problems and...
A new method for stochastic control based on neural networks and using randomisation of discrete random variables is proposed and applied to optimal stopping time problems. Numerical tests are done on...
View ArticleNonparametric sign prediction of high-dimensional correlation matrix...
We introduce a method to predict which correlation matrix coefficients are likely to change their signs in the future in the high-dimensional regime, i.e. when the number of features is larger than the...
View ArticleChange climate policy now to avert oil market crisis, warns thinktank
Oil companies ârisk being left with stranded assetsâ by assuming that governments will stop short of âforceful action to limit climateâ¦
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Under pressure from consumers and employees, firms now compete for the most...
The history of business is the history of human beings trading with each other; discovering efficiencies of scale and comparative advantage, creating surplus, investing capital, and building...
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Electricity, Gravity and Statics
ElectrogravitostaticsContinue reading on Cantorâs Paradise »
View ArticleStar Ratings and the Incentives of Mutual Funds
ABSTRACT We propose a theory of reputation to explain how investors rationally respond to mutual fund star ratings. A fund's performance is determined by its information advantage, which can be...
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