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The Spider and the Fly 4 Aug 2013 | 12:07 am
Michael Lewis has written a riveting report on the trial, incarceration, release, and re-arrest of Sergey Aleynikov, once a star programmer at Goldman Sachs. It's a tale of a corporation coming down w...
Macon Money 26 Apr 2013 | 05:08 am
Among the many fascinating people currently affiliated with the Microsoft Research New York lab is Kati London, judged by MIT's Technology Review Magazine (2010) to be among the “Top 35 Innovators Und...
Haircuts on Intrade 7 Apr 2013 | 04:57 am
When Intrade halted trading abruptly on March 10, my initial reaction was that the company had commingled member funds with its own, MF Global style, in violation of its Trust and Security Statement. ...
Albert Hirschman and the Happiness of Pursuit 25 Mar 2013 | 07:01 am
The following is the text of my remarks at a gathering in memory of Albert Hirschman, held earlier today at the Institute for Advanced Study. The event included moving recollections from members of hi...
A Prediction Market Mystery 11 Mar 2013 | 09:11 pm
The peer-to-peer prediction market Intrade ceased operations yesterday and closed out all open positions without notice. Visitors to the site were greeted with the following mysterious message (emphas...
Why Do Groupon Campaigns Damage Yelp Ratings? 2 Mar 2013 | 11:12 pm
One of the many benefits of visiting Microsoft Research this semester is that I get to attend some interesting talks by computer scientists working with social and economic data. One in particular thi...
A Combinatorial Prediction Market 20 Feb 2013 | 05:29 am
I'm on leave this semester, visiting Microsoft Research's recently launched New York lab. It's a lively and stimulating place and there are a number of interesting projects underway. In this post I'd ...
Remembering Albert Hirschman 12 Dec 2012 | 09:29 am
Albert Hirschman, among the greatest of social scientists, has died. He was truly one of a kind: always trespassing, relentlessly self-subversive, and never constrained by disciplinary boundaries. Hi...
Risk and Reward in High Frequency Trading 7 Dec 2012 | 07:47 pm
A paper on the profitability of high frequency traders has been attracting a fair amount of media attention lately. Among the authors is Andrei Kirilenko of the CFTC, whose earlier study of the flash ...
Death of a Prediction Market 29 Nov 2012 | 05:28 am
A couple of days ago Intrade announced that it was closing its doors to US residents in response to "legal and regulatory pressures." American traders are required to close out their positions by Dece...
