http://www.wilmott.com/blogs/paul/index.cfm en-us Tue, 18 Jun 2013 23:29:10 --0100 Thu, 24 Jan 2013 09:30:00 --0100 wBlog http://blogs.law.harvard.edu/tech/rss blogs@wilmott.com blogs@wilmott.com http://www.wilmott.com/blogs/paul/index.cfm/2013/1/24/Fitch-Acquires-7city--great-news-for-the-CQF Fitch and 7city are forming "Fitch 7city Learning," press release below. This is fantastic news for the CQF as it means an already brilliant course is now unstoppable in its goal to improve quant finance and risk education globally! P PRESS R... General Thu, 24 Jan 2013 09:30:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2013/1/24/Fitch-Acquires-7city--great-news-for-the-CQF http://www.wilmott.com/blogs/paul/index.cfm/2012/11/14/Have-You-Had-An-Illness-That-Wasnt-Your-Fault Scientific advance that is certainly to be exploited by ambulance-chasing lawyers: DNA sequencing of MRSA used to stop outbreak. This is the beginning of the story that I've been predicting for years. Thanks to the genetic mutation of diseases you ca... General Wed, 14 Nov 2012 07:54:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2012/11/14/Have-You-Had-An-Illness-That-Wasnt-Your-Fault http://www.wilmott.com/blogs/paul/index.cfm/2012/10/26/High-Frequency-Trading-and-the-UK-Governments-Whitewash The UK Government?s Foresight Project has just announced the results of its two-year investigation into electronic trading and markets. And the good news for hedgies is that they?ve decided that high-frequency trading is mostly safe! Let the party... General Fri, 26 Oct 2012 10:24:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2012/10/26/High-Frequency-Trading-and-the-UK-Governments-Whitewash http://www.wilmott.com/blogs/paul/index.cfm/2012/6/11/My-Experience-Of-The-OCC-And-Their-Understanding-Of-Risk I can now reveal that is was the OCC... The nameless regulator I criticized in my blog on calibration, "Bankers Can't Avoid Risk by Hiding It," was the Office of the Comptroller of Currency in Washington. The OCC has had a lot of negative publi... General Mon, 11 Jun 2012 10:50:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2012/6/11/My-Experience-Of-The-OCC-And-Their-Understanding-Of-Risk http://www.wilmott.com/blogs/paul/index.cfm/2012/2/24/New-Flag-For-Old Replace the Scottish Blue with the Welsh Green? It has a certain 'freshness' about it. I don't think it works as well on a tie, but the new flag is actually much better than the old on a waistcoat, for those gentlemen with sufficient chutzpah. Wh... General Fri, 24 Feb 2012 13:20:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2012/2/24/New-Flag-For-Old http://www.wilmott.com/blogs/paul/index.cfm/2011/12/12/Europe--Whats-the-point I have always believed that the EU and the Euro are simply ego trips for a few Northern European politicians, their desire for a legacy. For Southern and Eastern Europeans the EU and Euro are a quick route, during the good times, to riches. There is ... General Mon, 12 Dec 2011 14:03:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/12/12/Europe--Whats-the-point http://www.wilmott.com/blogs/paul/index.cfm/2011/11/11/Taxation-To-Slow-Down-HighFrequency-Speculation-While-Not-Affecting-Hedging-Activity The Tobin (or Robin Hood) Tax was proposed decades ago by the eponymous Nobel Laureate (that?s James Tobin, not Robin Hood) as a means of stabilizing currencies via a small tax on all transactions. Every few decades the idea comes back, although no l... General Fri, 11 Nov 2011 12:29:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/11/11/Taxation-To-Slow-Down-HighFrequency-Speculation-While-Not-Affecting-Hedging-Activity http://www.wilmott.com/blogs/paul/index.cfm/2011/11/9/Bankers-Cant-Avoid-Risk-by-Hiding-It (A version of this was first published on Bloomberg.com on May 24, 2011.) One of the supposed silver linings of our recent economic disaster was the idea that we finally understood how hazardous our exotic financial instruments are and that banker... General Wed, 09 Nov 2011 14:22:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/11/9/Bankers-Cant-Avoid-Risk-by-Hiding-It http://www.wilmott.com/blogs/paul/index.cfm/2011/10/2/Occupy-Wall-Street-I-Never-Heard-Such-A-Thing I've been popping downtown to Zucotti Park, near Wall Sreet, over the last few days. Did you know there's a protest going on, against bankers, corporate greed, corrupt politicians? You'd never guess if you got all your news from the US media. On CNN ... General Sun, 02 Oct 2011 11:37:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/10/2/Occupy-Wall-Street-I-Never-Heard-Such-A-Thing http://www.wilmott.com/blogs/paul/index.cfm/2011/4/29/Quant-Lessons-From-The-Royal-Wedding I like to teach certain quant finance ideas by reference to real life, often involving supermarkets and tins of baked beans (see for example The Role of Mathematics in Finance: Relevance, Reliance, Robustness). This is a great way to dispel embedded ... General Fri, 29 Apr 2011 22:38:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/4/29/Quant-Lessons-From-The-Royal-Wedding http://www.wilmott.com/blogs/paul/index.cfm/2011/4/11/HIQLEQ In 1983 Howard Gardner proposed a theory of 'multiple intelligences,' and to date has listed eight different types: Spatial; Linguistic; Logical-mathematical; Bodily-kinesthetic; Musical; Interpersonal; Intrapersonal; Naturalistic. The interesting po... General Mon, 11 Apr 2011 16:57:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/4/11/HIQLEQ http://www.wilmott.com/blogs/paul/index.cfm/2011/3/14/Rewarding-Mathematics We hear a lot about how talent will leave the major financial centres if taxes or regulations become unacceptable. That people move to more favourable locations is more or less plausible. But what seems to not ever be asked is how much talent does th... General Mon, 14 Mar 2011 10:16:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2011/3/14/Rewarding-Mathematics http://www.wilmott.com/blogs/paul/index.cfm/2010/12/3/The-Inbox-Test-for-Stability-of-the-Global-Financial-Market Another day, another email in my inbox announcing another High Frequency Trading conference. I have nothing against the emails (we send quite a few of them ourselves) and I have nothing against HFT per se. But a large number of emails on the same sub... General Fri, 03 Dec 2010 12:34:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2010/12/3/The-Inbox-Test-for-Stability-of-the-Global-Financial-Market http://www.wilmott.com/blogs/paul/index.cfm/2010/10/19/Cyberterrorism Cyberterrorism is in the news so I thought I'd share this little story with you. A year or two ago I was at a dinner of the Great and the Good. I sat next to an Ambassador. We chatted broadly about the threats facing the world: Terrorism (I said i... General Tue, 19 Oct 2010 08:56:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2010/10/19/Cyberterrorism http://www.wilmott.com/blogs/paul/index.cfm/2010/6/28/Highfrequency-Trading-Where-are-we-and-how-did-we-get-here "The truth is the high-frequency traders create volatility and create liquidity," said John Damgard, president of the Futures Industry Association. What he apparently meant to say was that they reduce volatility, not create it. And this was just a... General Mon, 28 Jun 2010 10:30:00 --0100 http://www.wilmott.com/blogs/paul/index.cfm/2010/6/28/Highfrequency-Trading-Where-are-we-and-how-did-we-get-here