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Nassim Taleb
Nassim Nicholas Taleb (; alternatively ''Nessim ''or'' Nissim''; born 12 September 1960) is a Lebanese-American essayist, mathematical statistician, former option trader, risk analyst, and aphorist whose work concerns problems of randomness, probability, and uncertainty. ''The Sunday Times'' called his 2007 book '' The Black Swan'' one of the 12 most influential books since World War II. Taleb is the author of the ''Incerto'', a five-volume philosophical essay on uncertainty published between 2001 and 2018 (of which the best-known books are ''The Black Swan'' and ''Antifragile''). He has been a professor at several universities, serving as a Distinguished Professor of Risk Engineering at the New York University Tandon School of Engineering since September 2008. He has been co-editor-in-chief of the academic journal ''Risk and Decision Analysis'' since September 2014. He has also been a practitioner of mathematical finance, a hedge fund manager, and a derivatives trader, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amioun
Amioun ( ar, أميون, translit=Amyūn, gr, Αμιούν) is the capital of the predominantly Greek Orthodox Koura District (i.e. χώρα, "country" in Greek) in the north of Lebanon. Etymology The town of Amioun derives its name from the Aramaic language, meaning "'am Yawan" "place of the Greeks", with a possible alternative root ''fortified town''. Amioun is located on the top of an ancient hill dating back to before the 2nd millennium B.C., and the town was called "Amia" during this period. The word ''Amia'' was cited in the letters of Tell el Amarna, which were sent in the 14th century B.C. by local governors to their overlords, the pharaohs of Egypt. In his etymological study of the names of Lebanon's towns and villages, historian Anis Freiha asserted that ''Amia'' is in turn derived from the Semitic word ''emun'', meaning "invincible fort". Demographics Amioun has a population of 10,658. Almost all the residents are followers of the Greek Orthodox Church of Antioch. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Friedrich Hayek
Friedrich August von Hayek ( , ; 8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian–British economist, legal theorist and philosopher who is best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for their work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how changing prices communicate information that helps individuals coordinate their plans is widely regarded as an important achievement in economics, leading to his prize. Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics. At the University of Vienna, he studied economics, eventually receiving his doctoral degrees in law in 1921 and in political science in 1923. He subsequently lived and work ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trader (finance)
A trader is a person, firm, or entity in finance who buys and sells financial instruments, such as forex, cryptocurrencies, stocks, bonds, commodities, derivatives, and mutual funds in the capacity of agent, hedger, arbitrageur, or speculator. Duties and types Traders buy and sell financial instruments traded in the stock markets, derivatives markets and commodity markets, comprising the stock exchanges, derivatives exchanges, and the commodities exchanges. Several categories and designations for diverse kinds of traders are found in finance, including: *Bond trader *Floor trader *Hedge fund trader * High-frequency trader *Market maker * Pattern day trader * Principal trader * Proprietary trader *Rogue trader *Scalper * Stock trader Income According to the Wall Street Journal in 2004, a managing director convertible bond trader was earning between $700,000 and $900,000 on average. See also *Commodities exchange *Commodity market *Derivatives market * List of commodity tra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematical Statistics
Mathematical statistics is the application of probability theory, a branch of mathematics, to statistics, as opposed to techniques for collecting statistical data. Specific mathematical techniques which are used for this include mathematical analysis, linear algebra, stochastic analysis, differential equations, and measure theory. Introduction Statistical data collection is concerned with the planning of studies, especially with the design of randomized experiments and with the planning of surveys using random sampling. The initial analysis of the data often follows the study protocol specified prior to the study being conducted. The data from a study can also be analyzed to consider secondary hypotheses inspired by the initial results, or to suggest new studies. A secondary analysis of the data from a planned study uses tools from data analysis, and the process of doing this is mathematical statistics. Data analysis is divided into: * descriptive statistics - the part of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bruno Leoni Institute
The Bruno Leoni Institute, named after philosopher and scholar Bruno Leoni, is an Italian libertarian think-tank promoting classical liberal ideas in Italy and in Europe. It was founded in 2003 by three libertarian scholars Carlo Lottieri, Alberto Mingardi and Carlo Stagnaro. IBL organizes conferences, publishes books, briefings and academic papers, as well as assisting undergraduate and graduate students with their research work. About IBL was established in 2003 to promote free-market ideas. In particular, as stated on its website, the Institute aims to “contribute to the Italian political discourse, to enable a proper appreciation of the role of liberty and private enterprise as pillars of a more prosperous and open society”. The Institute is an Italian libertarian public policy research organization, structured on the model of US think-tanks such as the Cato Institute. Through its policy papers, seminars and publishing activities, the Institute aims to offer a fruit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Courant Institute Of Mathematical Sciences
The Courant Institute of Mathematical Sciences (commonly known as Courant or CIMS) is the mathematics research school of New York University (NYU), and is among the most prestigious mathematics schools and mathematical sciences research centers in the world. Founded in 1935, it is named after Richard Courant, one of the founders of the Courant Institute and also a mathematics professor at New York University from 1936 to 1972, and serves as a center for research and advanced training in computer science and mathematics. It is located on Gould Plaza next to the Stern School of Business and the economics department of the College of Arts and Science. NYU is ranked #1 in applied mathematics in the US (as per US News), #5 in citation impact worldwide, and #12 in citation worldwide. It is also ranked #19 worldwide in computer science and information systems. On the Faculty Scholarly Productivity Index, it is ranked #3 with an index of 1.84. It is also known for its extensive res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Massachusetts Amherst
The University of Massachusetts Amherst (UMass Amherst, UMass) is a public research university in Amherst, Massachusetts and the sole public land-grant university in Commonwealth of Massachusetts. Founded in 1863 as an agricultural college, it is the flagship and the largest campus in the University of Massachusetts system, as well as the first established. It is also a member of the Five College Consortium, along with four other colleges in the Pioneer Valley: Amherst College, Smith College, Mount Holyoke College, and Hampshire College. As of Fall 2022, UMass Amherst has an annual enrollment of more than 32,000 students, along with approximately 1,900 faculty members. It is the largest university in Massachusetts by campus size and second largest university by enrollment in Massachusetts, after Boston University. The university offers academic degrees in 109 undergraduate, 77 master's and 48 doctoral programs. Programs are coordinated in nine schools and colleges. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York University Tandon School Of Engineering
The New York University Tandon School of Engineering (commonly referred to as Tandon) is the engineering and applied sciences school of New York University. Tandon is the second oldest private engineering and technology school in the United States. The school dates back to 1854 when its predecessor institutions, the University of the City of New York School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute, were founded. The school was renamed in 2015 in honor of NYU Trustees Chandrika and Ranjan Tandon following their donation of $100 million to the school. The school's main campus is in Brooklyn's MetroTech Center, an urban academic-industrial research park. It is one of several engineering schools that were founded based on a European polytechnic university model in the 1800s, in response to the increasing industrialization of the United States. It has been a key center of research in the development of microwave, wireless, radar, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability
Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty."Kendall's Advanced Theory of Statistics, Volume 1: Distribution Theory", Alan Stuart and Keith Ord, 6th Ed, (2009), .William Feller, ''An Introduction to Probability Theory and Its Applications'', (Vol 1), 3rd Ed, (1968), Wiley, . The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin. Since the coin is fair, the two outcomes ("heads" and "tails") are both equally probable; the probability of "heads" equals the probability of "tails"; and since no other outcomes are possible, the probability of either "heads" or "tails" is 1/2 (which could also be written as 0.5 or 50%). These con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Risk
In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environment), often focusing on negative, undesirable consequences. Many different definitions have been proposed. The international standard definition of risk for common understanding in different applications is “effect of uncertainty on objectives”. The understanding of risk, the methods of assessment and management, the descriptions of risk and even the definitions of risk differ in different practice areas ( business, economics, environment, finance, information technology, health, insurance, safety, security etc). This article provides links to more detailed articles on these areas. The international standard for risk management, ISO 31000, provides principles and generic guidelines on managing risks faced by organizations. Def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Decision Theory
Decision theory (or the theory of choice; not to be confused with choice theory) is a branch of applied probability theory concerned with the theory of making decisions based on assigning probabilities to various factors and assigning numerical consequences to the outcome. There are three branches of decision theory: # Normative decision theory: Concerned with the identification of optimal decisions, where optimality is often determined by considering an ideal decision-maker who is able to calculate with perfect accuracy and is in some sense fully rational. # Prescriptive decision theory: Concerned with describing observed behaviors through the use of conceptual models, under the assumption that those making the decisions are behaving under some consistent rules. # Descriptive decision theory: Analyzes how individuals actually make the decisions that they do. Decision theory is closely related to the field of game theory and is an interdisciplinary topic, studied by economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herbert A
Herbert may refer to: People Individuals * Herbert (musician), a pseudonym of Matthew Herbert Name * Herbert (given name) * Herbert (surname) Places Antarctica * Herbert Mountains, Coats Land * Herbert Sound, Graham Land Australia * Herbert, Northern Territory, a rural locality * Herbert, South Australia. former government town * Division of Herbert, an electoral district in Queensland * Herbert River, a river in Queensland * County of Herbert, a cadastral unit in South Australia Canada * Herbert, Saskatchewan, Canada, a town * Herbert Road, St. Albert, Canada New Zealand * Herbert, New Zealand, a town * Mount Herbert (New Zealand) United States * Herbert, Illinois, an unincorporated community * Herbert, Michigan, a former settlement * Herbert Creek, a stream in South Dakota * Herbert Island, Alaska Arts, entertainment, and media Fictional entities * Herbert (Disney character) * Herbert Pocket (''Great Expectations'' character), Pip's close friend and roommate in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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