A new study just came out that found that breast implants can save your life if you’re shot in the chest. In a related story, the “Real Housewives of Beverly Hills” just joined SEAL Team 6.

As the Great Financial Crisis reminds us, extreme movements in the level and volatility of asset prices are key features of financial markets. These phenomena are difficult to quantify using traditional models that specify extreme risk as a rare event. Multifractal analysis, whose use in finance has...

Kid Rock has officially announced his candidacy for the U.S. Senate. Kid Rock says he wants to restore America back to a better time when it would have been unimaginable for Kid Rock to run for the U.S. Senate.

GARCH processes constitute the major area of time series variance analysis, hence the limit of these processes is of considerable interest for continuous time volatility modelling. The continuous time limit of the GARCH(1,1) model is fundamental for limits of other GARCH processes, yet it has been t...

Recent years have witnessed the advancement of automated algorithmic trading systems as institutional solutions in the form of autobots, black box or expert advisors. However, little research has been done in this area with sufficient evidence to show the efficiency of these systems. This paper buil...

German Chancellor Angela Merkel said in an interview yesterday, "I laugh at least once every day. Otherwise I cannot do this job." Once every day? I would have guessed "once, period."

We propose a multi-stock automated trading system that relies on a layered structure consisting of a machine learning algorithm, an online learning utility, and a risk management overlay. Alternating decision tree (ADT), which is implemented with Logitboost, was chosen as the underlying algorithm. O...

The other day, a man in Minnesota got arrested, and handed the officer a Monopoly "Get out of jail free" card. Then when he got to prison, his cellmate handed him a card that said, "You won a beauty contest."

This paper extends wavelet methodology to handle comovement dynamics of multivariate time series via moving weighted regression on wavelet coefficients. The concept of wavelet local multiple correlation is used to produce one single set of multiscale correlations along time, in contrast with the lar...

This note is a further commentary on a previous paper on the chaos theory of stock returns that derives from the alleged detection of persistence in time series data indicated by values of the Hurst exponent H that differs from the neutral value of H=0.5 implied by the efficient market hypothesis (E...