This book is about using data to understand how social media services are used. Since the advent of Web 2.0, sites and services that give their users the power to actively change and contribute to the services’ content have exploded in popularity. Social media finds its roots in early social networking and community communication services, including the bulletin board systems (BBS) of the 198…
We started working on this book more than 10 years ago after teaching courses on forecasting techniques at University of Aarhus, Denmark, and in Bertinoro, Italy, to groups of PhD students and assistant professors. Since then, we have developed the material through courses offered to participants at many institutions, including at CREATES (University of Aarhus), American University, Edhec, …
This book describes and explains my proprietary trading strategies, in- dicators, and methods developed over the past decade. Among my most treasured proprietary indicators are those derived from an ob- scure weekly U.S. government report, called the Commitments of Traders (COT). My approach to incorporating this data into my trading is the main topic discussed in this book.
Plastics are increasingly used in modern-day life due to their wide-ranging properties which can be used in a variety of applications. ‘Plastics Waste Management: Processing and Disposal’ is primarily written from an industrial point-of-view and relates waste management to understanding the correct processes for dealing with the growing issue of plastics waste. This book mainly focuses on p…
Economic Measurement, the theme for the set of papers published in this Volume, is of critical importance in a world where policymakers, businesses and individuals are increasingly reliant on evidence-based decision-making. Economic statistics such as the consumer price index (CPI), gross domestic product (GDP), per capita income and growth rates are used by the general public, as well as …
Facebook was the biggest social network in history. A stupendous, world-shaping success, with around two billion individual users across Facebook, Instagram and WhatsApp.
Fragmentation, the search for liquidity, and high-frequency traders: These are the realities of modern markets. Traditional models of market microstructure have studied the highly simplified interaction between an idealized market-maker or specialist and a stream of external orders that may come from noise traders or informed traders. In the modern marketplace, the market itself is replace…
There is a lot of material in this book from my first book, “Options: Perception and Deception” (OPD), which was geared towards professional Market Makers who provide liquidity to the markets by bidding and offering every strike and month. My second book, “Coulda Woulda Shoulda” (CWS) kept a lot of OPD, but added content necessary for retail investors because it was given to client…
Sales of the first two editions of this book surpassed expectations (at least those of the author). Almost all of those who have contacted the author seem to like the book, and while other textbooks have been published since in the broad area of financial econometrics, none are really at the introductory level. All of the motivations for the first edition, described below, seem just as impo…
Traditionally, investments textbooks tend to fall into one of two camps. The fi rst type has a greater focus on portfolio management and covers a signifi cant amount of portfolio theory. The second type is more concerned with security analysis and generally contains fairly detailed coverage of fundamental analysis as a tool for equity valuation. Today, most texts try to cover all the bases …
Hedge Funds For Dummies tells you what you need to know, whether you want to research an investment in hedge funds for yourself or for a pension, an endow- ment, or a foundation. I also give you information about investment theories and practices that apply to other types of investments so you can expand your portfo- lio. Even if you decide that hedge funds aren’t for you, you can inc…
During a recent visit to Paris, on my way to an important dinner appoint- ment, I was stuck in rush-hour traffic on the Champs Elysees. Despite efforts of looking for a way out of the misery, I was stuck, frustrated and powerless. . . . Traders and other financial market participant may experi- ence similar feelings of frustration when attempting to trade in an illiquid market. The flow of…
Financial Products provides a step-by-step guide to some of the most important ideas underpinning financial mathematics. It describes and explains interest rates, discounting, arbitrage, risk neutral probabilities, forward contracts, futures, bonds, FRA and swaps. It shows howto construct both elementary and more complex (Libor) zero curves. Options are described, illustrated and then priced us…
The main aim of this textbook is to describe the UK taxation system in sufficient depth and with sufficient clarity to meet the needs of those undertaking a first course of study in taxation. The book has not been written with any specific syllabus in mind but should be useful to anyone who is studying taxation as part of a university or college course in accounting, finance or business stu…
What happens if an employer cuts the wage it pays its workers by one cent? Much of labor economics is built on the assumption that all existing work- ers immediately leave the firm as that is the implication of the assumption of perfect competition in the labor market. In such a situation an employer faces a market wage for each type of labor determined by forces beyond its control at whic…
The subjects and disciplines of chemistry and chemical engineering have encountered a new landmark in the way of thinking about, developing, and designing chemical products and processes. This revolutionary philosophy, termed green chemistry and chemical engineering, focuses on the designs of products and processes that are conducive to reducing or eliminating the use and generation of hazardou…
Using Econometrics represents an innovative approach to the understand- ing of elementary econometrics. It covers the topic of single-equation lin- ear regression analysis in an easily understandable format that emphasizes real-world examples and exercises. As the subtitle A Practical Guide implies, the book is aimed not only at beginning econometrics students but also at regression users …
Most new investors and traders, whether they are beginners or pro- fessionals, usually lose money for two reasons. First, they do not have a grasp of how the markets really work. Second, they are un- der too much stress when they trade because they fear losing money. Many times, traders liquidate good trades too quickly or have no idea when to take profits. But learning to trade successful…
The behavior of financial instruments can be unpredictable, and invest- ments in them, or the income they yield, can go down as well as up. This book attempts to describe general techniques used by professional investors to minimize risks and improve returns, but they are based on historical experience, may be subjective, and, at best, work only for part of the time. While there may be an …
The financial markets have undergone massive changes over the centuries that business, commerce, trading and finance have been part of life. That change accelerated through the latter part of the twentieth century and continues today. Considering that everything which occurs in the financial markets has an effect on us all, the actual workings of the financial markets remain to many somewh…
The atmosphere’s dynamics have a direct effect on weather conditions and consequently on the climate and human existence. Emissions of air pollutants affect the public health, the ecosystem and result in climatic changes. The first chapter examines in depth the meteorology and the dynamics of the atmosphere. It examines the atmospheric structure, the chemical composition of the atmosphere and…
This book is based on the proceedings of The Electronic Call Auction: New Answers to Old Questions, a conference hosted by the Zicklin School of Business on May 16, 2000. The text includes the edited transcripts of the panel discussions and separate addresses by three major industry executives Douglas M. Atkin, formerly President and CEO, Instinet Corporation; Kenneth D. Pasternak, formerl…
Big Data has attracted much attention. Many examples are given in the news how new data-driven applications and algorithms provide new insights, enable more effective and efficient operation, and support experts in a wide variety of application domains. This suggests that getting value out of data is easy, but practitioners in the field know better. Obtaining novel, actionable insights from la…