Scribd Feed for williambanzai7

Untitled

Fri, 15 Aug 2008 16:00:47 GMT

It's a Setup BY STEPHEN WHITE Onstage, Feb 1, 2002 If you're a performing guitarist or bass player, it is critical that you have a dependable instrument — one that is easy to play, sounds good, and plays in tune. But is your instrument really living up to its full potential? Without the proper adjustment, or setup, it may not be. Even if you never do any of the work yourself and would rather leave it to a qualified repairperson, it's still important to understand what goes on in the setup process. My aim is to demystify that process by offering an overview of what takes place and addressing so

ALL IN ALL ANOTHER TRICK FROM THE WALL

Wed, 13 Aug 2008 03:10:30 GMT

ALL AND ALL ITS JUST ANOTHER TRICK FROM THE WALL We don't need no regulation We dont need no risk controls No dark sarcasm in the court rooms Alan Greedspan left the banks alone Hey! Cuomo! Leave them banks alone! All in all it's just another trick from the Wall. All in all its just another trick from the Wall. We don't need no regulation We dont need no risk controls No dark sarcasm in the court rooms People leave us banks alone Hey! Paulsen! Leave them banks alone! All in all it's just another trick from the Wall. All in all you're just another mark for the Wall. "Wrong, Do it again!" "If yo

Untitled

Wed, 13 Aug 2008 03:09:25 GMT

MONEY FOR NOTHING--RESIDENTIAL MORTGAGE BACKED SECURITIES

Sun, 10 Aug 2008 06:19:57 GMT

MONEY FOR NOTHING--RESIDENTIAL MORTGAGE BACKED SECURITIES (to the Melody of Money for Nothing by Dire Straits) Dedicated to Merrill Lynch Pierce Fenner Smith Crosby Stills Nash Young Dewey Cheatem & Howe (and CITI, Morgan and Lehman as long as their around)(and Bear Stearns R.I.P.) I want my, I want my Blackberry I want my, I want my Blackberry Now look at them yo-yos thats the way you do it Shovelin CDOs on CNBC That aint workin thats the way you do it Money for nothin--on CNBC Now that aint workin thats the way you do it Lemme tell ya them guys aint dumb Maybe get a blister on your little fi

Containing Systemic Risk by CRMPG-III

Sat, 09 Aug 2008 07:00:13 GMT

Containing Systemic Risk: The Road to Reform The Report of the CRMPG III August 6, 2008 **Containing Systemic Risk: The Road to Reform The Report of the CRMPG III August 6, 2008 www.crmpolicygroup.org **Containing Systemic Risk: The Road to Reform TABLE OF CONTENTS Transmittal Letter ................................................................................................................ iii CRMPG III Members .......................................................................................................... vii CRMPG III Working Groups .....................................

Little Pink Subprime Houses (to the Mellencamp Song Pink Houses)

Sat, 09 Aug 2008 05:34:43 GMT

LITTLE PINK SUBPRIME HOUSES (to the melody of Pink Houses by John Cougar Mellencamp) Theres a black man with a black cat Living in a redline neighbourhood Hes got an interstate runnin through his front yard You know, he thinks, negative equities good And theres a woman in the kitchen cleanin up the evening slop And he looks at her and says: hey darling, I think this interest rates over the top! Chorus: Oh but aint that america for you and me Aint that america were somethin to see baby Aint that america, home of the subprime disease Little pink houses for you and me Well theres a young man in a

hedgefundsatemymoney(may2007)

Fri, 18 Jul 2008 14:16:10 GMT

hedgefundsatemymoney “Hedge Funds Ate My Money” – Facts & Fantasies in Alternative Investments In Fashion? Hedge funds are “in”. St. James and Mayfair in London, the Helmsley building in New York and Stanford, Connecticut are home to a plenitude of hedge funds. “Plenitude” refers to when there is too much of anything. The fund’s names inevitably include the term “capital” - remember Long Term Capital Management (“LTCM”). Extreme sports are specialised sports where participants push themselves to the limits of their physical ability and fear. Hedge funds are “extreme” money. They play adrenali

Al Gore Speech--July 2008

Fri, 18 Jul 2008 13:10:22 GMT

July 17, 2008 A Generational Challenge to Repower America (as prepared) D.A.R. Constitution Hall Washington, D.C. Ladies and gentlemen: There are times in the history of our nation when our very way of life depends upon dispelling illusions and awakening to the challenge of a present danger. In such moments, we are called upon to move quickly and boldly to shake off complacency, throw aside old habits and rise, clear-eyed and alert, to the necessity of big changes. Those who, for whatever reason, refuse to do their part must either be persuaded to join the effort or asked to step aside. This i

Brunnermeier-Deciphering the Credit Crunch

Fri, 18 Jul 2008 09:41:45 GMT

Deciphering the 2007-08 Liquidity and Credit Crunch∗ Markus K. Brunnermeier† Princeton University Journal of Economic Perspectives (forthcoming) This Draft: May 14, 2008 ∗ My views were shaped by conversations with Viral Acharya, Franklin Allen, Patrick Bolton, Smita Brunnermeier, Sylvain Champonnois, Ing-Haw Cheng, Doug Diamond, Joel Hasbrouck, John Kambhu, Augustin Landier, David Lando, Jamie McAndrews, Konstantin Milbradt, Filippos Papakonstantinou, Raghu Rajan, Ricardo Reis, Andrei Shleifer, Jeremy Stein, James Vickery, Glen Weyl, and Wei Xiong. My co-authors on related work, Lasse Peders

Short Selling

Thu, 17 Jul 2008 15:41:18 GMT

SHORT SELLING, DEATH SPIRAL CONVERTIBLES, AND THE PROFITABILITY OF STOCK MANIPULATION John D. Finnerty Professor of Finance, Fordham University March 2005 John D. Finnerty Fordham University Graduate School of Business 113 West 60th Street New York, NY 10023 Tel: 212-599-1640 Fax: 212-599-1242 e-mail: finnerty@finnecon.com *SHORT SELLING, DEATH SPIRAL CONVERTIBLES, AND THE PROFITABILITY OF STOCK MANIPULATION Abstract The SEC recently adopted Regulation SHO to tighten restrictions on short selling and curb abusive short sales, including naked shorting masquerading as routine fails to deli

Merton Financial Intermediation

Mon, 14 Jul 2008 10:01:41 GMT

Page 1 AUTHOR: Robert C. Merton TITLE: A Functional Perspective of Financial Intermediation SOURCE: Financial Management v24 p23-41 Summ ’95 The magazine publisher is the copyright holder of this article and it is reproduced with permission. Further reproduction of this article in violation of the copyright is prohibited. PUBLISHER ABSTRACT AB New financial product designs, improved computer and telecommunications technology, and advances in the theory of finance have led to dramatic and rapid changes in the structure of global financial markets and institutions. This paper offers a functional

End of the Beginning--Das

Fri, 11 Jul 2008 17:58:11 GMT

The End of the Beginning – Developments in the Credit Crisis May 27, 2008 Satyajit Das is a risk consultant and author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006, FT-Prentice Hall). Equity markets believe the worst is over. Banks also seem to have convinced themselves that the worst is behind us. An alternative and, arguably, better view of the current state of the financial crisis is that stated by Winston Churchill: “… this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” Nuclear De-leveragin

Credit Crunch--The New Financial Snack

Fri, 11 Jul 2008 15:22:32 GMT

Credit Crunch – The New Diet Snack for Financial Markets September 05, 2007 Written by Satyajit Das Wednesday, 05 September 2007 07:15 Satyajit Das works in the area of financial derivatives and risk management. He is the author of a number of key reference works on derivatives and risk management and is the author of Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives (2006, FT-Prentice Hall). Living in the Kaliyuga … Inflexion points in financial markets are difficult to identify. As Yogi Berra observed: "making predictions is difficult, especially about the futur

A Nesvetailova Ponzi Finance and Global Liquidity Meltdown

Fri, 11 Jul 2008 04:44:40 GMT

Centre for International Politics WORKING PAPERS ON TRANSNATIONAL POLITICS PONZI FINANCE AND GLOBAL LIQUIDITY MELTDOWN: LESSONS FROM MINSKY Anastasia Nesvetailova Working Paper CUTP/002 © Anastasia Nesvetailova, February 2008 This is a work in progress. Feedback welcome. Contact: a.nesvetailova@city.ac.uk Series Editor: Tom Davies (tom.davies@city.ac.uk) *Introduction As the meltdown sparked by the sub-prime mortgage fiasco in the USA continues to shake the world markets, the name of one of the twentieth century greatest critics of a deregulated finance, Hyman Minsky (1919-1996) is sudde

The Map

Mon, 07 Jul 2008 04:47:27 GMT

Some Streams of Systemic Thought (Draft update — May 2001) KEY: white red black blue magenta green yellow orange olive gray cyan purple general systems cybernetics physical sciences mathematics computers & informatics biology & medicine symbolic systems social systems ecology philosophy systems analysis engineering *** Originated in 1996 by Dr. Eric Schwarz, Neuchâtel, Switzerland. Extended in 1998, including items from the The Story of Philosophy by Will Durant (1933). Elaborated in 2000-2001 from many sources for the International Institute for General Systems Studies. Currently a research

SI Hayakawa Review of Dianetics

Mon, 07 Jul 2008 04:21:07 GMT

Etc. vol. VIII, No. 4 SUMMER 1951 BOOK REVIEWS "From Science-fiction to Fiction-science" DIANETIC: THE MODERN SCIENCE OF MENTAL HEALTH, by L. Ron Hubbard Introduction by J.A. Winter, M.D. New York: Hermitage House, 1950. 452 pp. $4. The case of Lafayette Ronald Hubbard, author of Dianetics: The Modern Science of Mental Health, offers an almost unparalleled illustration of the principle held by writers on general semantics that language habits tend ultimately to become internalized. Korzybski said that one's evaluations tend to reflect the structure of the language one speaks; Wendell Johnson h

Ethics of Time Binding -Hayakawa

Sun, 06 Jul 2008 03:45:53 GMT

676 ETC • DECEMBER 2004 ETHICS OF TIME-BINDING S. I. HAYAKAWA, PH.D. P OPULAR ORTHODOXY about ‘human nature’ for the past hundred years has, by virtue of a naive, elementalistic ‘materialism,’ defined man as a ‘selfish animal,’ engaged in a struggle in which the ‘fittest’ survive. Had society been differently constituted at the time this definition gained its wide currency, fittest might not have been defined as it was. We might, for example, have pointed to the timidity and speed of the deer, and defined fitness to survive as superior rapidity in running away from our enemies; we might ha

The Fully Functioning Personality -S I Hayakawa

Sun, 06 Jul 2008 03:44:06 GMT

THE FULLY FUNCTIONING PERSONALITY S I HAYAKAWA The Search for Security let me start contrasting two views of security namely the static and the dynamic The by static concept of security may be pictured by thinking of the oyster inside its shell the frightened person behind his neurotic defenses or pre war France S INCE the theme of this conference is behind the Maginot Line The main idea in the static concept of security is to build up enough protective walls and to sit still inside them The search for security for many people still is the task of building and mending walls around oneself T

CSRC Regulation Foreign Brokerage

Mon, 23 Jun 2008 06:22:46 GMT

Decision on Amending the Rules for the Setting up of Foreign-shared Securities Companies Order of the China Securities Regulatory Commission No.52 The Decision on Revising the Rules for the Setting up of Foreign-shared Securities Companies, which was thought carefully and taken at the 218th chairmen\'s executive meeting of the China Securities Regulatory Commission on November 29, 2007, is hereby issued and shall put into effect from January 1, 2008. Chairman: Shang Fulin December 28, 2007 Decision on Amending the Rules for the Setting up of Foreign-shared Securities Companies I. Article 2 sha

Understanding Oil Prices

Thu, 19 Jun 2008 07:37:35 GMT

Understanding Crude Oil Prices* James D. Hamilton jhamilton@ucsd.edu Department of Economics University of California, San Diego May 22, 2008 Revised: June 4, 2008 ABSTRACT This paper examines the factors responsible for changes in crude oil prices. The paper reviews the statistical behavior of oil prices, relates these to the predictions of theory, and looks in detail at key features of petroleum demand and supply. Topics discussed include the role of commodity speculation, OPEC, and resource depletion. The paper concludes that although scarcity rent made a negligible contribution to the pr

Psychoanalytic Interpretation of Dot.com Stock Valuations

Tue, 10 Jun 2008 18:19:05 GMT

A psychoanalytic interpretation of dot.com stock valuations Richard J Taffler* Professor of Accounting and Finance Cranfield School of Management, UK and David A Tuckett Visiting Professor of Psychoanalysis University College, University of London, UK Version: 5.4 March 1 2005 *Corresponding author: Richard J Taffler Cranfield School of Management Cranfield Bedford MK43 OAL U.K. Phone: +44 (0) 1234 754543 Fax: +44 (0) 1234 752554 Email: R.J.Taffler@cranfield.ac.uk Earlier versions of this paper have benefited from the helpful comments of participants at the British Accounting Association Con

Portfolio Performance Manipulation

Tue, 10 Jun 2008 18:16:20 GMT

Portfolio Performance Manipulation and Manipulation-Proof Performance Measures William Goetzmann†, Jonathan Ingersoll†, Matthew Spiegel†, Ivo Welch‡ March 15, 2006 † Yale School of Management, PO Box 208200, New Haven, CT 06520-8200 ‡ Brown University, Department of Economics Box B, Providence, RI 02912 This paper has benefited from the comments of an anonymous referee and numerous colleagues including the participants at the Five Star Conference hosted by New York University, the Hedge Fund Conference hosted by Borsa Italiana, and the Berkeley Program in Finance. *Portfolio Performance Man

The Tao of Alpha

Tue, 10 Jun 2008 17:32:35 GMT

iluka Hedge Fund Consulting The Tao of Alpha Alpha has somehow achieved cult status in the hedge fund industry. That only a few understand the concept’s intricacies is both cause and symptom of this phenomenon. Alpha’s precise definition, its short supply, the impediments to finding it, and its real utility are not well understood. This article corrects this by presenting an intuitive explanation of what alpha really is. Written by Tammer Kamel. The Global Alpha Shortage Even the least sophisticated of investors understand that alpha is something to be pursued. Alpha is good. And more alpha

Century Oil

Mon, 26 May 2008 00:24:04 GMT

Mark S. Urness mark.urness@us.calyon.com 212 408-5683 Century Oil: The Implications of High Prices Our colleagues at CLSA's Energy Team in Asia, led by Hernan Ladeuix, have published a report entitled "Century Oil: The Implications of High Prices." The report, written by the consultancy firm Research Works, discusses the consequences of $100/Bbl oil. Research Works believes that oil prices at $100/Bbl for 3 to 5 years are unlikely to spell global disaster, contrary to initial fears. However, there are consequences that should profoundly change many facets of the world. A "War on Waste" will

Morgan Stanley Investment Banking Outlook 2008

Sun, 25 May 2008 23:43:44 GMT

MORGAN EUROPE STANLEY RESEARCH Morgan Stanley & Co. International plc+ Huw van Steenis Huw.vanSteenis@morganstanley.com +44 (0)20 7425 9747 April 1, 2008 Industry View Cautious Outlook for Investment Banking & Capital Market Financials Nick Studer nick.studer@oliverwyman.com +44 (0) 20 7 333 8333 James Davis james.davis@oliverwyman.com +44 (0) 20 7 333 8333 Morgan Stanley has revised its estimates for CSG, DBK and UBS. Please contact Morgan Stanley for details on new estimates of earnings, book value and valuation discussion. This valuation section solely reflects the views of Morgan

Perfect Storms--Beautiful and True Lies in Risk Management (Das)

Sat, 24 May 2008 02:45:42 GMT

perfectstorms “Perfect Storms” – Beautiful & True Lies In Risk Management Truth or Dare! Modern life embodies a conflict between “truth” and “aesthetics”. John Kenneth Galbraith, the late American economist, summed this up well. “A toothbrush does little but clean teeth. Alcohol is important mostly for making people more or less drunk. An automobile can take one reliably to a destination and back, … its further features are of small consequences … There being so little to be said, much must be invented. Social distinction must be associated with a house… sexual fulfillment with a particular …

The Neuropsychology of Aesthetic, Spiritual and Mystical States

Fri, 16 May 2008 17:22:32 GMT

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The Political Economy of the Commons-Benkler

Wed, 14 May 2008 05:53:05 GMT

Vol. IV, No. 3, June 2003 UPGRADE is the European Journal for the Informatics Professional, published bimonthly at Publisher UPGRADE is published on behalf of CEPIS (Council of European Professional Informatics Societies, ) by NOVÁTICA , journal of the Spanish CEPIS society ATI (Asociación de Técnicos de Informática ). UPGRADE is also published in Spanish (full issue printed, some articles online) by NOVÁTICA, and in Italian (abstracts and some articles online) by the Italian CEPIS society

P2P and Human Evolution-Bauwens

Wed, 14 May 2008 05:32:23 GMT

P2P and Human Evolution: Peer to peer as the premise of a new mode of civilization Author: Michel Bauwens, michelsub2003@yahoo.com The essay is an emanation of the Foundation for P2P Alternative, Draft 1.1, March 1, 2005; it was written after several months of collaboration with Remi Sussan. Latest draft version is located at http://noosphere.cc/P2P2bi.htm An earlier draft version for the ‘integral discourse community’ is located at http://207.44.196.94/~wilber/bauwens2.html 0. Table of Contents P2P and Human Evolution: Peer to peer as the premise of a new mode of civilization ............1 0

Principles of the Self Organisng System-Ashby

Wed, 14 May 2008 05:13:16 GMT

Classical Papers - Principles of the self-organizing system E:CO Special Double Issue Vol. 6 Nos. 1-2 2004 pp. 102-126 Classical Principles of the self-organizing system W. Ross Ashby Originally published as Ashby, W. R. (1962). “Principles of the self-organizing system,” in Principles of Self-Organization: Transactions of the University of Illinois Symposium, H. Von Foerster and G. W. Zopf, Jr. (eds.), Pergamon Press: London, UK, pp. 255-278. Reproduced with the kind permission of Ross Ashby’s daughters, Sally Bannister, Ruth Pettit, and Jill Ashby. We would also like to thank John Ashby fo

Rhizome

Sun, 27 Apr 2008 03:35:07 GMT

Gilles Deleuze / Félix Guattari Rhizome The two of us wrote Anti-Oedipus together. Since each of us was several, there was already quite a crowd. Here we have made use of everything that came within range, what was closest as well as farthest away. We have assigned clever pseudonyms to prevent recognition. Why have we kept our own names? Out of habit, purely out of habit. To make ourselves unrecognizable in turn. To render imperceptible, not ourselves, but what makes us act, feel, and think. Also because it nice to talk like everybody else, to say the sun rises, when everybody knows it I, but

The Phenomenon Of Science - A Cybernetic Approach To Human Evolution (V Turchin, 1977)

Sun, 27 Apr 2008 03:31:28 GMT

The Phenomenon of Science a cybernetic approach to human evolution Valentin F. Turchin Translated by Brand Frentz 1 *Copyright ©: Valentin Turchin. This book is copyrighted material. If you intend to use part of the text or drawings, please quote the original publication and make detailed references to the author. This electronic edition for the Web was produced by the Principia Cybernetica Project for research purposes (see http://pespmc1.vub.ac.be/POSBOOK.html). The web edition is also available as separate chapters in HTML. The hard copy book was scanned and converted to HTML by An Vran

Consciousness in Meme Machines-Blackmore

Fri, 25 Apr 2008 09:03:33 GMT

Susan Blackmore Consciousness in Meme Machines Setting aside the problems of recognising consciousness in a machine, this article considers what would be needed for a machine to have human-like consciousness. Human-like consciousness is an illusion; that is, it exists but is not what it appears to be. The illusion that we are a conscious self having a stream of experiences is constructed when memes compete for replication by human hosts. Some memes survive by being promoted as personal beliefs, desires, opinions and possessions, leading to the formation of a memeplex (or selfplex). Any machin

Do This and Your Life Gets Better

Mon, 14 Apr 2008 18:07:57 GMT

managing yourself *DO THIS – LIFE GETS *AND YOUR BETTER managing yourself coach yourself to optimum emotional intelligence Paul Morgan www.yourmomentum.com the stuff that drives you *PEARSON EDUCATION LIMITED The right of Paul Morgan to be identiﬁed as Author of this Work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. 10 9 8 7 6 5 4 3 2 1 ISBN 1843 04023 9 Typeset by Northern Phototypesetting Co. Ltd, Bolton Printed and bound in Great Britain by Henry Ling Ltd, Dorchester Cover design by Heat Text design by Claire Brodmann Book Desig

COASE--The Nature of the Firm

Sun, 13 Apr 2008 17:43:28 GMT

The Nature of the Firm (1937) R. H. COASE Economic theory has suffered in the past from a failure to state clearly its assumption. Economists in building up a theory have often omitted to examine the foundations on which it was erected. This examination is, however, essential not only to prevent the misunderstanding and needles controversy which arise from a lack of knowledge of the assumptions on which a theory is based, but also because of the extreme importance for economics of good judgment in choosing between rival sets of assumptions. For instance, it is suggested that the use of the wor

Future Human Evolution--Glad

Sun, 13 Apr 2008 16:23:08 GMT

John Glad Future Human Evolution Eugenics in the Twenty-First Century Abridged and Revised Edition This book may be downloaded free of charge at http://whatwemaybe.org Hermitage Publishers 2008 *John Glad FUTURE HUMAN EVOLUTION Eugenics in the Twenty-First Century Copyright © 2008 John Glad Copyright preface © 2008 by Seymour Itzkoff Photography by Richard Robin All rights reserved John Glad’s current e-mail address: jglad@umd.edu Seymour Itzkoff’s e-mail address: sitzkoff@smith.edu Library of Congress Cataloging-in-Publication Data for unabridged 2006 original edition Glad, John. Fu

Serious Business Web2 Goes Corporate

Sat, 12 Apr 2008 08:05:35 GMT

Serious business Web 2.0 goes corporate A report from the Economist Intelligence Unit Sponsored by FAST *Serious business Web 2.0 goes corporate Serious business Web 2.0 goes corporate Even after the Internet bubble burst in 2000, consumers, businesses and governments around the world continued to flood online. Internet innovators took advantage of this growth with applications that helped users express themselves and connect to other users. Start-ups exploiting things such as social networking, consumer-generated content and the wisdom of crowds—such as News Corporation’s MySpace, Googl

Consciousness and the Voices of the Mind-Jaynes

Wed, 09 Apr 2008 16:26:04 GMT

Consciousness and the Voices of the Mind JULIAN JAYNES 1 Born in West Newton, Massachusetts, Julian Jaynes did his undergraduate work at Harvard and McGill and received both his master’s and doctoral degrees in psychology from Yale. While the Psychology Department at Princeton, which he joined in 1964, is still his academic base, Dr. Jaynes has had numerous positions as Visiting Lecturer or Scholar in Residence in departments of philosophy, English, and archeology and in numerous medical schools. Starting out as a traditional comparative psychobiologist, his approach was to chart the evolu

Signal Entropy/Thermodynamics/Computation

Tue, 08 Apr 2008 13:43:55 GMT

Signal entropy and the thermodynamics of computation by N. Gershenfeld Electronic computers currently have many orders of magnitude more thermodynamic degrees of freedom than information-bearing ones (bits). Because of this, these levels of description are usually considered separately as hardware and software, but as devices approach fundamental physical limits these will become comparable and must be understood together. Using some simple test problems, I explore the connection between the information in a computation and the thermodynamic properties of a system that can implement it, and o

What is the Function of the Claustrum--Crick and Koch

Mon, 07 Apr 2008 06:32:49 GMT

Phil. Trans. R. Soc. B (2005) 360, 1271–1279 doi:10.1098/rstb.2005.1661 Published online 29 June 2005 Review What is the function of the claustrum? Francis C. Crick1,† and Christof Koch2,* 1 The Salk Institute for Biological Studies, 10010 North Torrey Pines Road, La Jolla, CA 92037, USA 2 California Institute of Technology, M/S 139-74, 1200 East California Boulevard, Pasadena, CA 91125, USA The claustrum is a thin, irregular, sheet-like neuronal structure hidden beneath the inner surface of the neocortex in the general region of the insula. Its function is enigmatic. Its anatomy is qu

Edelman--Naturalizing Consciousness

Sun, 06 Apr 2008 18:22:50 GMT

Naturalizing consciousness: A theoretical framework Gerald M. Edelman* Neurosciences Institute, San Diego, CA 92121 Contributed by Gerald M. Edelman, March 7, 2003 Consciousness has a number of apparently disparate properties, some of which seem to be highly complex and even inaccessible to outside observation. To place these properties within a biological framework requires a theory based on a set of evolutionary and developmental principles. This paper describes such a theory, which aims to provide a unifying account of conscious phenomena. Table 1. Features of conscious states General 1.

An Integrated Theory of Mind

Sun, 06 Apr 2008 13:33:25 GMT

Psychological Review 2004, Vol. 111, No. 4, 1036 –1060 Copyright 2004 by the American Psychological Association 0033-295X/04/$12.00 DOI: 10.1037/0033-295X.111.4.1036 An Integrated Theory of the Mind John R. Anderson and Daniel Bothell Carnegie Mellon University Michael D. Byrne Rice University Scott Douglass, Christian Lebiere, and Yulin Qin Carnegie Mellon University Adaptive control of thought–rational (ACT–R; J. R. Anderson & C. Lebiere, 1998) has evolved into a theory that consists of multiple modules but also explains how these modules are integrated to produce coherent cogniti

Kandel--A New Intellectual Framework for Psychiatry

Sun, 06 Apr 2008 13:11:13 GMT

Am J Psychiatry 155:4, April 1998 Special Article NEW INTELLECTUAL FRAMEWORK FOR PSYCHIATRY ERIC R. KANDEL A New Intellectual Framework for Psychiatry Eric R. Kandel, M.D. In an attempt to place psychiatric thinking and the training of future psychiatrists more centrally into the context of modern biology, the author outlines the beginnings of a new intellectual framework for psychiatry that derives from current biological thinking about the relationship of mind to brain. The purpose of this framework is twofold. First, it is designed to emphasize that the professional requirements for futu

Searle-Why I am Not a Property Dualist

Sun, 06 Apr 2008 12:22:55 GMT

John R. Searle Why I Am Not a Property Dualist I have argued in a number of writings1 that the philosophical part (though not the neurobiological part) of the traditional mind–body problem has a fairly simple and obvious solution: all of our mental phenomena are caused by lower level neuronal processes in the brain and are themselves realized in the brain as higherlevel, or system, features. The form of causation is ‘bottom up’ whereby the behaviour of lower-level elements, presumably neurons and synapses, causes the higher-level or system features of consciousness and intentionality. (

What is it Like to Be a Bat--Nagel

Sun, 06 Apr 2008 12:11:04 GMT

22 "What Is It Like to Be a Bat?" Thomas Nagel Philosophy is ... infected by a broader tendency of contemporary intellectual life; scientism. Scientism is actually a special form of idealism, for it puts one type of human understanding in charge of the universe and what can be said about it. At its most myopic it assumes that everything there is must be understandable by the employment of scientific theories like those we have developed to date—physics and evolutionary biology are the current paradigms—as if the present age were not just one in the series.—Thomas Nagel (1986) My intuiti

Towards a Neurobiological Theory of Consciousness: Crick and Koch

Sun, 06 Apr 2008 08:57:10 GMT

seminars Iw NE~ci~, in V012, 1990 : pp 263-275 Towards a neurobiological theory of consciousness Francis Crick and Chri.dof Koch Visual awareness;ir a favorabk fmm of consciousness stdy to neurobiologically. We propose it takes two forms: a very that fat form, &z&i to iconic naemoryr, may be dl~cu~t to that study; and a somewhat slower one involv&g visual attention and short-term memory. In the slower form an at~tiona~ mechanism tra~~t~ binds together all those neurons whose activily relates to the relevantfeatures of a sing& visual o&ect. We suggest this is done by generating coherent s

The Scale of Pattern Formation: Francis Crick

Sun, 06 Apr 2008 08:54:44 GMT

THE SCALE OF BY PATTERN FORMATION F. H. C. CRICK Medical ResearchCouncil Laboratory of Molecular Biology Hills Road, Cambridge CB 2 2 QH INTRODUCTION There are many kinds of patterns in biology and a number of quite different mechanisms for generating them. For example, patterns due to pigment in some cases depend largely on variations in the movement of melanocytes, as in the caseof chicken feathers. Other patterns are likely to be produced, at least in part, by lineage mechanisms. This is probably true in the formation of bristles in insects. In Rhodnius, for example, the single bristl

Towards a Theory of Neo Cortical Function--Hawkins

Thu, 03 Apr 2008 14:10:00 GMT

An Investigation of Adaptive Behavior Towards a Theory of Neocortical Function Jeff Hawkins 2523 Mardell Way Mountain View, CA. 94043 Copyright July 1986 *Introduction Objective The objective of this paper is to describe the studies I wish to undertake. I will also describe the research I have done to date. In the end, I hope to provide a clear picture of what problems I want to solve and how I plan to solve them. Overview My interests are focused on the human neocortex. Specifically, I want to understand the neocortex from an information processing or theoretical perspective. I believe tha

Zazen Meditation Instruction

Thu, 03 Apr 2008 05:54:31 GMT

Zen Mountain Monastery Zen Meditation The Seat of Enlightenment Zazen is a particular kind of meditation, unique to Zen, that functions centrally as the very heart of the practice. In fact, Zen Buddhists are generally known as the "meditation Buddhists." Basically, zazen is the study of the self. The great Master Dogen said, "To study the Buddha Way is to study the self, to study the self is to forget the self, and to forget the self is to be enlightened by the ten thousand things." To be enlightened by the ten thousand things is to recognize the unity of the self and the ten thousand things.

Habitual Thought, Behavior and Language-Whorf

Wed, 02 Apr 2008 13:15:26 GMT

THE RELATION OF HABITUAL THOUGHT AND BEHAVIOR TO LANGUAGE BENJAMIN LEE WHORF [EDITOR'S FOREWORD : Few people have been as well qualified as Benjamin Lee Whorf to explain, from personal knowledge and study, what is meant by the expression, 'the structure of language .' An outstanding authority on the Mayan and Aztec civilizations and on American Indian languages, be was intimately acquainted with languages whose basic structures were totally unlike those of the Indo-European languages. What is even more to the point, Mr . Whorf was extraordinarily sensitive to the non-linguistic consequences of

Behavioral Finance Survey

Wed, 02 Apr 2008 13:09:10 GMT

Chapter 18 A SURVEY OF BEHAVIORAL FINANCE NICHOLAS BARBERIS University of Chicago RICHARD THALER University of Chicago Contents Abstract Keywords 1. Introduction 2. Limits to arbitrage 2.1. Market efﬁciency 2.2. Theory 2.3. Evidence 2.3.1. Twin shares 2.3.2. Index inclusions 2.3.3. Internet carve-outs 3. Psychology 3.1. Beliefs 3.2. Preferences 3.2.1. Prospect theory 3.2.2. Ambiguity aversion 4. Application: The aggregate stock market 4.1. The equity premium puzzle 4.1.1. Prospect theory 4.1.2. Ambiguity aversion 4.2. The volatility puzzle 4.2.1. Beliefs 4.2.2. Preferences 5. Applicatio

Umberto Eco --The Dream of a Perfect Language

Wed, 02 Apr 2008 13:01:46 GMT

The Dream of a Perfect Language A lecture presented by Umberto Eco November 26, 1996 Last year appeared the English translation of my book on The Search for a Perfect Language. It is 400 pages long and I have no intention of summarizing here a book which is in itself a summary: Der Turmbau von Babel by Arno Borst, which concerns only the historical discussion on the confusion of tongues (not the search for a perfect one), is 6 big volumes long, and the current literature on perfect languages lists hundreds and hundreds of projects. After the publication of my book I am pursued by people askin

Neuroeconomics

Wed, 02 Apr 2008 12:47:16 GMT

Journal of Economic Literature Vol. XLIII (March 2005), pp. 9–64 Neuroeconomics: How Neuroscience Can Inform Economics COLIN CAMERER, GEORGE LOEWENSTEIN, and DRAZEN PRELEC∗ Who knows what I want to do? Who knows what anyone wants to do? How can you be sure about something like that? Isn’t it all a question of brain chemistry, signals going back and forth, electrical energy in the cortex? How do you know whether something is really what you want to do or just some kind of nerve impulse in the brain. Some minor little activity takes place somewhere in this unimportant place in one of the

Cognitive Biases and Global Risk

Wed, 02 Apr 2008 09:22:29 GMT

Cognitive biases potentially affecting judgment of global risks Forthcoming in Global Catastrophic Risks, eds. Nick Bostrom and Milan Cirkovic Draft of August 31, 2006. Eliezer Yudkowsky (yudkowsky@singinst.org) Singularity Institute for Artificial Intelligence Palo Alto, CA Introduction 1 All else being equal, not many people would prefer to destroy the world. Even faceless corporations, meddling governments, reckless scientists, and other agents of doom, require a world in which to achieve their goals of profit, order, tenure, or other villainies. If our extinction proceeds slowly enough to

Artificial Intelligence and Global Risk

Wed, 02 Apr 2008 09:19:14 GMT

Artificial Intelligence as a Positive and Negative Factor in Global Risk Forthcoming in Global Catastrophic Risks, eds. Nick Bostrom and Milan Cirkovic Draft of August 31, 2006 Eliezer Yudkowsky (yudkowsky@singinst.org) Singularity Institute for Artificial Intelligence Palo Alto, CA Introduction 1 By far the greatest danger of Artificial Intelligence is that people conclude too early that they understand it. Of course this problem is not limited to the field of AI. Jacques Monod wrote: "A curious aspect of the theory of evolution is that everybody thinks he understands it." (Monod 1974.) My f

Recipe for Disaster

Tue, 01 Apr 2008 10:41:43 GMT

Harlan Ellison-I hav no Mouth and I must scream

Tue, 01 Apr 2008 06:34:39 GMT

I Have No Mouth, and I Must Scream by Harlan Ellison Limp, the body of Gorrister hung from the pink palette; unsupportedhanging high above us in the computer chamber; and it did not shiver in the chill, oily breeze that blew eternally through the main cavern. The body hung head down, attached to the underside of the palette by the sole of its right foot. It had been drained of blood through a precise incision made from ear to ear under the lantern jaw. There was no blood on the reflective surface of the metal floor. When Gorrister joined our group and looked up at himself, it was already too l

BEYOND THE SUBPRIME LOAN

Tue, 01 Apr 2008 06:18:40 GMT

BEYOND THE SUBPRIME LOAN (To the lyrics of Beyond the Thunderdome) Out of the ruins Out from the wreckage Can't make the same mistake his time We are the children Securitized nation We are the ones the market left behind And I wonder if we are ever gonna change Living under fear and greed, till nothing else remains We don't need another CMO We don't need another risk clone All we want is life beyond the Subprime loan Looking for a good trade We can rely on There's gotta be something better out there Positive wealth attraction That day is coming All else are castles built in the air And I wonde

United States Treasury-Fact Sheet Regarding Blue Print for Regulatory Reform

Mon, 31 Mar 2008 17:11:08 GMT

U.S. TREASURY DEPARTMENT OFFICE OF PUBLIC AFFAIRS FACT SHEET: TREASURY RELEASES BLUEPRINT FOR A STRONGER REGULATORY STRUCTURE “We should and can have a structure that is designed for the world we live in, one that is more flexible, one that can better adapt to change, one that will allow us to more effectively deal with inevitable market disruptions and one that will better protect investors and consumers. The challenge is to evolve to a more flexible, efficient and effective regulatory framework – and that is the purpose of this Blueprint.” - Treasury Secretary Henry M. Paulson, Jr. •

United States Treasury-Blue Print for Regulatory Reform

Mon, 31 Mar 2008 17:07:50 GMT

*THE DEPARTMENT OF THE TREASURY BLUEPRINT FOR A MODERNIZED FINANCIAL REGULATORY STRUCTURE March 2008 *THE DEPARTMENT OF THE TREASURY Henry M. Paulson, Jr. Secretary Robert K. Steel Under Secretary for Domestic Finance David G. Nason Assistant Secretary for Financial Institutions Contributors: Kelly Ayers Heather Etner John Foley, III Gerry Hughes Timothy Hunt Kristen Jaconi Charles Klingman C. Christopher Ledoux Peter Nickoloff Jeremiah Norton Philip Quinn Heidilynne Schultheiss Michael Scott Jeffrey Stoltzfoos Mario Ugoletti Roy Woodall *TABLE OF CONTENTS I. Executive Summary ............

The Stock Market as a Complex Adaptive System

Mon, 31 Mar 2008 04:20:43 GMT

REVISITING MARKET EFFICIENCY: THE STOCK MARKET AS A COMPLEX ADAPTIVE SYSTEM by Michael J. Mauboussin, Credit Suisse First Boston t is time to shift the emphasis of the debate about market efficiency. Most academics and practitioners agree that markets are efficient by a reasonable operational criterion: there is no systematic way to exploit opportunities for superior gains. But we need to reorient the discussion to how this operational efficiency arises. The crux of the debate boils down to whether we should consider investors to be rational, well informed, and homogeneous—the backbone of

Shift Happens-The Market is a Complex Adaptive System

Mon, 31 Mar 2008 04:12:53 GMT

CREDIT SUISSE FIRST BOSTON CORPORATION Equity Research—Americas Industry: Thinking October 24, 1997 NI2854 Michael J. Mauboussin 212/325-3108 michael.mauboussin@csfb.com Shift Happens On a New Paradigm of the Markets as a Complex Adaptive System *Frontiers of Finance Introduction The tension in the air is as palpable as a high-stakes prize fight. In one corner, the finance professors—the proponents of stock market efficiency—argue that inve stors cannot outperform the market over time. In the opposing corner, the practiti o ners maintain that the market’s gyrations defy the ivory

McLuhan and Joyce--Beyond Media

Mon, 31 Mar 2008 00:57:54 GMT

MARSHALL MCLUHAN AND JAMES JOYCE: BEYOND MEDIA Donald Theall and Joan Theall McLuhan used the works of James Joyce extensively in his own work. This article deals with the source of many of his most startling observations regarding art, society and technology-James Joyce. Les oeuvres de James Joyce ont forts kt6 utilizees dans les travaux de McLuhan. Cet article ddmontre I'influence de Joyce dam ces obsemations les plus brilliantes sur l'art, la sociCt6 et la technologie. "Nobody could pretend serious interest in my work who is not completely familiar with all of the works of James Joyce and

Nobel Prize Lecture on LT Memory: Eric Kandel

Sun, 30 Mar 2008 15:34:43 GMT

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Babel Economics

Fri, 28 Mar 2008 10:05:55 GMT

The Great Subprime “Babel”—A Modern “Tail” of Biblical Greed By WilliamBanzai7 Wall Street never changes. The pockets change, the suckers change, the stocks change, but Wall Street never changes because human nature never changes. - Jesse Livermore The public’s annual loss to Wall Street has usually been estimated in former years at $100,000,000 per annum, but owing to the more recent enterprising methods of the “Street” in manipulating the game, this estimate is now far to small as we shall see.Franklin Keyes (1904) Conceit of the Street Shortly after the explosion of the great “dot.com Babe

STUCK IN A MORTGAGE

Fri, 28 Mar 2008 05:28:48 GMT

STUCK IN A MORTGAGE (To the melody of “Stuck in the Middle” by Stealer’s Wheel) Well I don't know how I got here tonight, I got the feeling that something just ain't right, I'm so scared to pay a much higher rate, And I'm wondering why I took a loan in such haste, Brokers to the left of me, Bankers to the right, here I am, Stuck in a mortgage with you. Yes I'm stuck in a mortgage with you, And I'm wondering what you think I should do, It's so hard to read the loan boilerplate, Losing control, all you want to do is reset the rate, Bankers to the left of me, brokers to the right, Here I am

CDOs all in my brain....

Fri, 28 Mar 2008 03:41:45 GMT

Understanding the Risk of Synthetic CDOs Michael S. Gibson∗ Revised, July 2004 Trading Risk Analysis Section, Division of Research and Statistics, Federal Reserve Board. I thank John Ammer, Jim O’Brien, Pat Parkinson, Pat White, Frank Zhang and many other colleagues for helpful comments and Michael Gordy for suggesting the idea behind section 7. This paper represents the views of the author and should not be interpreted as reﬂecting the views of the Board of Governors of the Federal Reserve System or other members of its staﬀ. I can be reached via email at michael.s.gibson@frb.gov. Po

Art and Math

Thu, 27 Mar 2008 12:45:18 GMT

Polynomiography: A New Intersection between Mathematics and Art 1 Bahman Kalantari Department of Computer Science, Rutgers University Hill Center, New Brunswick, NJ, 08903 Polynomiography is deﬁned to be “the art and science of visualization in approximation of the zeros of complex polynomials, via fractal and non-fractal images created using the mathematical convergence properties of iteration functions.” An individual image is called a “polynomiograph.” The word polynomiography is a combination of the word “polynomial” and the suﬃx “-graphy.” It is meant to convey the i

Black Swans and Art

Thu, 27 Mar 2008 12:41:36 GMT

The Roots of Unfairness: the Black Swan in Arts and Literature Nassim Nicholas Taleb1 2nd Draft, November 2004 Literary Reseach/Recherche Litteraire, Journal of the International Comparative Literature Association 1.INTRODUCTION It is a sad fact that among a large cohort of artists and writers, almost all will struggle (say, work for Starbucks) while a small number will derive a disproportionate share of fame and attention. The same applies to the so-called masterpieces that determine a canon: a few pieces displace others from the lists in a “winner-take-all” effect –all the while the

Steps-to-an-Ecology-of-Emergence, Grinder et al

Thu, 27 Mar 2008 11:27:44 GMT

Steps to an Ecology of Emergence 1 Steps to an Ecology of Emergence Thomas E. Malloy1,3, Carmen Bostic St Clair2, and John Grinder2 The citation for this paper is: Malloy, T. E., Bostic St Clair, C. & Grinder, J. (2005). Steps to an ecology of emergence. Cybernetics & Human Knowing, 12, 102-119. RUNNING HEAD: Steps to and Ecology of Emergence CONTACT: Thomas E. Malloy, University of Utah, Department of Psychology, 380 South 1530 East Room 502, Salt Lake City, Utah 84112-0251, malloy@psych.utah.edu, www.psych.utah.edu/dysys *Steps to an Ecology of Emergence 2 Abstract. To begin to take s

A Neurological Approach to Aesthetic Theory by Ramachandran

Thu, 27 Mar 2008 11:07:23 GMT

V.S. Ramachandran and William Hirstein The Science of Art A Neurological Theory of Aesthetic Experience We present a theory of human artistic experience and the neural mechanisms that mediate it. Any theory of art (or, indeed, any aspect of human nature) has to ideally have three components. (a) The logic of art: whether there are universal rules or principles; (b) The evolutionary rationale: why did these rules evolve and why do they have the form that they do; (c) What is the brain circuitry involved? Our paper begins with a quest for artistic universals and proposes a list of ‘Eight law

Deleuze on the Arts

Thu, 27 Mar 2008 09:14:04 GMT

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Process Ontology

Wed, 26 Mar 2008 12:22:58 GMT

Process Ontology from Whitehead to Quantum Physics Dr. Joachim Klose 3 4 5 6 8 9 10 11 12 13 15 19 Contents 1 2 3 4 5 6 7 8 9 10 11 Introduction Bifurcations Perception Time Actual Entities Prehension Creativity Teleology Transmission and Concrescence Quantum Theory Process Philosophy and Quantum Ontology References Abstract Although Alfred North Whitehead probably did not know of the new quantum theory of Heisenberg, Schr¨dinger and Dirac, there seem to be deep similarities o between his idea of the process and the ideas of quantum theory. Both Whitehead’s metaphysics and quantum theor

Chomsky: Models for the Description of Language

Fri, 21 Mar 2008 06:47:09 GMT

TIIKEE MODELSFOR TIE DESCRIPTION OF LANGUAGE* Department Nom Chomsky of Modern Languages and Research Laboratory Massachusetts Institute of Technology Cambridge, Massachusetts of Electronics Abstract We investigate several conceptions of linguistic structure to determine whether or not they can provide simple and sreveallngs grammars that generate all of the sentences We find that no of English and only these. finite-state Markov process that produces symbols with transition from state to state can serve as an English grammar. Fnrthenuore, the particular subclass of such processes that produc

Introduction to Probability

Wed, 12 Mar 2008 00:19:42 GMT

Introduction to Probability Charles M. Grinstead Swarthmore College J. Laurie Snell Dartmouth College *To our wives and in memory of Reese T. Prosser *Contents 1 Discrete Probability Distributions 1.1 Simulation of Discrete Probabilities . . . . . . . . . . . . . . . . . . . 1.2 Discrete Probability Distributions . . . . . . . . . . . . . . . . . . . . 2 Continuous Probability Densities 2.1 Simulation of Continuous Probabilities . . . . . . . . . . . . . . . . . 2.2 Continuous Density Functions . . . . . . . . . . . . . . . . . . . . . . 1 1 18 41 41 55 3 Combinatorics 75 3.1 Permutations