links for 2010-05-17

  • "If the NYSE, Nasdaq, Amex and OTC are trading 2 Billion shares a day or more , like today, thats $ 500 Million Dollars PER DAY. If there are 260 trading days a year. Thats about 130 Billion dollars a year. If volumes drop because of the tax. It is still 10s of Billions of dollars per year.

    Thats real money for the US Treasury. Thats also an annual payment towards the next time Wall Street screws up and we have a black swan event that no one planned on."

  • "Learning in probabilistic models is often hampered by the general intractability of the normalization factor and its derivatives. Here we propose a new learning technique that obviates the need to compute an intractable normalization factor or sample from the equilibrium distribution of the model. This is achieved by establishing dynamics that would transform the observed data distribution into the model distribution, and then setting as the objective the minimization of the initial flow of probability away from the data distribution.…"
  • "In the rhizomatic model of learning, curriculum is not driven by predefined inputs from experts; it is constructed and negotiated in real time by the contributions of those engaged in the learning process. This community acts as the curriculum, spontaneously shaping, constructing, and reconstructing itself and the subject of its learning in the same way that the rhizome responds to changing environmental conditions…"
  • "Such dissolution of mathematics may be occurring already as evidenced by the proliferation and growth of fields, particularly since the middle of the last century, that have considerable mathematical content but whose fac- ulties and professional societies have little overlapping membership. When different fields sponsor different branches of mathematics, then the subfields may adopt the cultures of their sponsors, so the branches of mathematics eventually may come to disagree over acceptable notation, rigor, idiom, and terminology. Barriers among the branches of mathematics entail a large opportunity cost, so to speak, because possible collaborations and synergies may not be realized."
  • "In this paper we introduce a method for determining local interaction rules in animal swarms. The method is based on the assumption that the behavior of individuals in a swarm can be treated as a set of mechanistic rules.
    The principal idea behind the technique is to vary parameters that define a set of hypothetical interactions to minimize the deviation between the forces estimated from observed animal trajectories and the forces resulting from the assumed rule set. We demonstrate the method by reconstructing the interaction rules from the trajectories produced by a computer simulation."
  • "It has long been known that scientific output proceeds on an exponential increase, or more properly, a logistic growth curve. The interplay between effort and discovery is clear, and the nature of the functional form has been thought to be due to many changes in the scientific process over time. Here I show a quantitative method for examining the ease of scientific progress, another necessary component in understanding scientific discovery. Using examples from three different scientific disciplines – mammalian species, chemical elements, and minor planets – I find the ease of discovery to conform to an exponential decay. In addition, I show how the pace of scientific discovery can be best understood as the outcome of both scientific output and ease of discovery."
  • "In the present work we introduce a novel multi-agent model with the aim to reproduce the dynamics of a double auction market at microscopic time scale through a faithful simulation of the matching mechanics in the limit order book. The model follows a "zero intelligence" approach where the actions of the traders are related to a stochastic variable, the market sentiment, which we define as a mixture of public and private information. The model, despite the parsimonious approach, is able to reproduce several empirical features of the high-frequency dynamics of the market microstructure not only related to the price movements but also to the deposition of the orders in the book."

links for 2010-05-16

links for 2010-05-14

links for 2010-05-13

  • "Quickly build web application mockups using technology you use every day."
  • "In February 2008, the New York Times published an unusual chart of box office revenues for 7500 movies over 21 years. The chart was based on a similar visualization, developed by the first author, that displayed trends in music listening. This paper describes the design decisions and algorithms behind these graphics, and discusses the reaction on the Web. We suggest that this type of complex layered graph is effective for displaying large data sets to a mass audience. We provide a mathematical analysis of how this layered graph relates to traditional stacked graphs and to techniques such as ThemeRiver, showing how each method is optimizing a different “energy function”. Finally, we discuss techniques for coloring and ordering the layers of such graphs. Throughout the paper, we emphasize the interplay between considerations of aesthetics and legibility."
  • "Lee Byron open-sourced his streamgraph code in Processing about a month ago. Jason Sundram has taken that and ported it to JavaScript, using Processing.js.
    The algorithms are the same as that in the original, but of course the natural benefit is that people don't need Java to run it their browsers. Jason has also added a few features including dynamic sizing, more straightforward settings, and some interaction with zoom and hover control. Really nice work."

links for 2010-05-12