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Duffie on speculative trading

by Linda Beale Duffie on speculative trading (Part one of a series) In today’s Wall St. Journal, Darrell Duffie, a finance professor at Stanford’s business school, argues “In Defense of…

Speculative Demand for Money

Robert Waldmann One of Keynes’ concepts which never made any sense to me was the idea that there is speculative demand for money. As far as I could tell, it…

Forbes and the "Self-Made" Label

by cactus Forbes and the “Self-Made” Label I’m kinda busy these days, but this topic is small pet peeve of mine: what the heck is up with Forbes and the…

Type four win-win trading

trading which is known to be type 4 trading. Obviously not everyone is rational (who ever thought everyone was). In particular, there is a group which keeps writing papers which…

Off label drug pushers

…have to submit articles.” Off-label use of drugs is big business. According to The Wall Street Journal, “[FDA] is stepping into a high-stakes business issue, because off-label uses of prescription…

Mike sends a response to rdan on off-label drugs

…unreasonable cases, but if it is reasonable that the off-label use of the drug might have caused the damage, then the encouraged off-label use would lead to an assumption of…

LBO:Private Equity::HFT:Algorithmic Trading?

…panelists also seemed reluctant to define themselves as high frequency traders. Adam Nunes of Hudson River Trading, said his firm, founded by mathematicians, considered itself a “quantitative trading” outfit…. It…