Via Alea, a new entry into the best title ever competition: "Option Model Calibration Using a Bacterial Foraging Optimization Algorithm" by J. Dang, A. Brabazon, M. O'Neill, and D. Edelman. That right, using an algorithm inspired by trying to mimic E. coli foraging, one hopes to calibrate a volatility option pricing model. No word yet, however, on whether bacteria will be able to spot CDOs with a large exposure to subprime mortgage bonds.
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This August, Mars Science Robot Curiosity will land on the surface of the Angry Red Planet equipped with a Penny to tell how big things are.
“If you can’t measure something, you can’t understand it. If you can’t understand it, you can’t control it. If you can’t control it, you can’t improve it.” -H. James Harrington
Weather forecasting is a tricky business.
It is a lot better than it used to be, but most of the time, for most places, you can't put much faith in forecasts much beyond 3-5 days.
Which is a big improvement on how it used to be, but one could still hope for better.
I was going to make this as a video tutorial, but it just didn't work out right. So, here it is in blog post form.