James Owen Weatherall argues that given the proven track record of applying ideas developed in physics to finance, it is time to do it again. His book is about the future of finance and the new set of tools that will facilitate the proper functioning of the world’s economies.
John Coates, senior research fellow in neuroscience and finance at the University of Cambridge, offers a number of fascinating lessons from a booming new field, the biology of risk, revealing how risk taking and stress transform our body chemistry and drive us to irrational exuberance or pessimism. When such chemical surges overwhelm traders and investors, they tend to suffer either euphoric overconfidence or extreme timidity.
Subscribe to Enterprising Investor and receive the weekly email newsletter.
Merlyn.AI has brought to NYSE Arca an exchange-traded fund that adjusts asset allocation based on market conditions. The Merlyn.AI Bull-Rider Bear-Fighter ETF is linked to the Bull-Rider Bear-Fighter Index, which uses artificial intelligence to determine whether to implement a bull or bear strategy. ETF (18 Oct.)
The UK Serious Fraud Office has closed an investigation into Libor manipulation, saying no more charges will be brought, after examining the matter since the financial crisis. The office says an investigation of manipulation of the Euro Interbank Offered Rate continues. Reuters (18 Oct.)
The EU has approved a law asserting authority over US and UK derivatives clearinghouses, and market participants hope it can be pragmatically implemented and see positive signs in dialogue between US and EU regulators. Commodity Futures Trading Commission Chairman Heath Tarbert "seems to be much less confrontational; there seems to be an element of dialogue that's going on, and that's very helpful for the industry," expert Bruce Savage says. MLex (subscription required) (18 Oct.)
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
