Special Report on
Why Bother with Investment Theory?
Why Bother with Investment Theory? - Trends
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The cast and crew of AllAboutAlpha.com were in Los Angeles this week meeting with some of our favorite alpha centric asset managers and investment management consultants. One of those companies was quant manager Analytic Investors. Regular readers will remember the names Roger Clarke, Harindra de Silva, Steven Thorley and Steve Sapra for their work on extending the “law of active management” and penning a seminal work on short extension (a.k.a. 130/30) strategies. Clarke, de Silva and Thorley were at it again this year with the release of a very interesting “ monograph ” (translation: “100 page mini-book”) on ...
This paper investigates the relevance of reputation to improve the explorative capabilities of agents in uncertain environments. We have presented a laboratory experiment where sixty-four subjects were asked to take iterated economic investment decisions. An agent-based model based on their behavioural patterns replicated the experiment exactly. Exploring this experimentally grounded model, we studied the effects of various reputational mechanisms on explorative capabilities at a systemic level. The results showed that reputation mechanisms increase the agents' capability for coping ... Read More
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WHY BOTHER WITH INVESTMENT THEORY?
Authors@Google: Yoram Bauman
Innovation Survival: Innovation in Science