Cody Taylor

An anonymous reader writes “Nassim Nicholas Taleb, a famous ‘Quant,’ has long been a strong critic of the use of mathematics and statistics in the financial markets. He has been very vocal in his books The Black Swan and Fooled by Randomness. In his article on edge.org, he says ‘My outrage is aimed at the scientist-charlatan putting society at risk using statistical methods. This is similar to iatrogenics, the study of the doctor putting the patient at risk.’ After the recent financial crisis, wired.com ran an article titled ‘Recipe for Disaster: The Formula That Killed Wall Street’ in which the quant David Li and his Gaussian Copula were crucified — we discussed it at the time. Now, I’ve recently been admitted to a graduate program of good repute in Computational & Applied Mathematics. There is a wide range of subjects in which you can pursue your PhD, one of them being Financial Mathematics. I had a passing interest in it for quite some time. In the current scenario, how advisable it is to pursue a PhD in this topic? What would my options be five years down the line? Will the so-called ‘quants’ still be wanted by the banks and other financial institutions, or will they turn to more ‘non-math’ approaches? Would I be better off specializing in less volatile areas of Applied Mathematics? In short, what is the future of Financial Mathematics in light of the current financial crisis?”

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stoolpigeon writes “Google has announced the now public beta for the Google Analytics API (described here). The API lets developers create client applications that can pull analytics data, to mash it up with other data or to present it in new ways. The API has been available through a private beta program for about a year, and some applications are already out there: examples include Polaris on Adobe Air and Analytics for Android.”

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Earlier today we reported on YouTube’s plans to roll out a new real-time product that adds a new social layer to YouTube, allowing friends to share the videos they’re watching with each other in real time, without having to turn to outside chat programs or Twitter.

viktor.91 writes “Sun Microsystems announced three new MySQL products: MySQL 5.4, MySQL Cluster 7.0 and MySQL Enterprise Partner Program for ‘Remote DBA’ service providers.” which showed up in the firehose today next to Glyn Moody’s submission where he writes “Michael Widenius, founder and original developer of MySQL, says that most of the leading coders for that project have either left Sun or will be leaving in the wake of Oracle’s takeover. To ensure MySQL’s survival, he wants to fork from the official version — using his company Monty Program Ab to create what he calls a MySQL “Fedora” project. This raises the larger question of who really owns a commercial open software application: the corporate copyright holders, or the community?”

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Google recently released software called O3D to bring accelerated 3D graphics to browsers, a significant effort but not the only one to try to endow Web applications with some of the computing muscle that PC programs can use.

Hugh Pickens writes “Erick Schonfeld has an interesting story in TechCrunch about a consortium of publishers including Reuters, the Magazine Publishers of America, and Politico that plans to take a new approach towards the proliferation of splogs (spam blogs) and other sites which republish the entire feed of news sites and blogs, often without attribution or links. For any post or page which takes a full copy of a publisher’s work, the Fair Syndication Consortium thinks the ad networks should pay a portion of the ad revenues being generated by those sites. Rather than go after these sites one at a time, the Fair Syndication Consortium wants to negotiate directly with the ad networks which serve ads on these sites: DoubleClick, Google’s AdSense, and Yahoo. One precedent for this type of approach is YouTube’s Content ID program, which splits revenues between YouTube and the media companies whose videos are being reused online. How would the ad networks know that the content in question belongs to the publisher? Attributor would keep track of it all and manage the requests for payment. The consortium is open to any publisher to join, including bloggers. It may not be the perfect solution but ‘it is certainly better than sending out thousands of takedown notices’ writes Schonfeld.”

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