In other words, across a spectrum of human interest ranging from the longevity of cancer patients to the assessment of the suitability of adoptive parents, from the diagnosis of cardiac disease to the future price of Bordeaux wine, this annoying swear word of a mathematical tool is better at predicting outcomes than are educated, informed and involved human experts.
http://www.irishexaminer.com/opinion/columnists/terry-prone/give-algorithms-credit-where-credit-is-due-and-dont-bank-on-a-loan-174468.html
http://www.theopenpress.com/index.php?a=press&id=121569
“Visitor matching is becoming increasingly important as the mobile ad community wrestles with problems of restrictive marketplaces, a general reluctance to use more SDK’s and the desire for near-perfect accuracy in install tracking. Our new visitor matching algorithms lead the way,” said LeadBolt CEO Dale Carr.
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/22/prweb8984810.DTL
Coker has come up with a recipe for success called the branded viral movie predictor algorithm. According to the algorithm, the four ingredients required for a video to go viral are congruency, emotive strength, network involvement, and something called “paired meme synergy.”
http://blogs.wsj.com/tech-europe/2011/11/22/why-a-video-goes-viral/
New thriller: The Fear Index. The physicist-turned-hedge-fund-manager unleashes a trading algorithm that feeds on human emotions to predict market fluctuations. In just a week, VIXAL-4 makes a profit of $79.7 million. Then, on May 6, 2010 — the day of the so-called flash crash, when the Dow briefly dropped 9.2 percent — it goes rogue, catapulting its creator into a paranoid universe of murder and market mayhem. Anderson: I hear film rights were sold on the basis of six chapters. Harris: Yes. The director is Paul Greengrass, who made the “Bourne” movies, and I’m doing the screenplay.
http://www.bloomberg.com/news/2011-11-02/robert-harris-s-rogue-algorithm-trades-on-fear-makes-millions-interview.html
Google’s mysterious search algorithm has apparently decided that US presidential contender Mitt Romney has poor chances of winning the 2012 election. When a user types the phrase ‘Romney can win’ into the search engine, its spell check function responds with the message ‘Did you mean: Romney can’t win?’ CBS News reports. The former Massachusetts governor is the only candidate to suffer from the search engine glitch. Google has insisted it’s nothing personal against Romney, and it is just a flaw in the system.
http://timesofindia.indiatimes.com/tech/news/internet/Google-algorithm-Romney-cant-win-2012-US-Presidential-election/articleshow/10530231.cms
Finamex Announces New Algorithms: Hunter, Ghost, Scaled and Market-Maker with US Equities in the Mexican Marketplace
http://www.marketwatch.com/story/finamex-announces-new-algorithms-with-us-equities-in-the-mexican-marketplace-2011-11-14
Can an online algorithm track down your child? In some cases, yes — and if you’re a parent, it could alarm you too.
http://articles.economictimes.indiatimes.com/2011-11-15/news/30401381_1_social-media-facebook-friends-social-network
10 New Google Algorithm Tweaks
http://www.searchnewz.com/topstory/news/sn-2-2011111510NewGoogleAlgorithmTweaks.html
Video: A Company’s Algorithms Reveal Hidden Connections Among All That Data
http://www.popsci.com/technology/article/2011-11/custom-algorithm-reveals-world-hidden-connections
IMAX’s current stock range is defined by current calculated support defined at $18.31 and by the resistance level at $19.72, which should be used by traders planning their trades. These support and resistance levels are based on an algorithm of peaks and troughs of the stock price action.
http://www.tradershuddle.com/Trading-Ideas/34179411222011-imaxcorporation-close-to-support.html
The great mathematical minds used to become physicists or maths professors; now they develop complex financial algorithms for Wall Street hedge funds. But have their innovations destabilised the very markets they were supposed to rationalise and are we wasting a generation of innovative talent?
http://www.irishtimes.com/newspaper/innovation/2011/1028/1224306357074.html
In high-crime, gang-controlled areas like Los Angeles’s Hollenbeck Division (which includes the neighborhoods of Boyle Heights, Lincoln Heights, and El Sereno), it can be difficult to figure out even the most basic info about gang violence. That’s why UCLA created an algorithm that can fill in the blanks.
http://www.popsci.com/technology/article/2011-11/mathematicians-take-east-la-gangs-crime-solving-algorithm
Is a Hit Song Just An Algorithm?
http://www.allaccess.com/net-news/archive/story/99065/harker-is-a-hit-song-just-an-algorithm
Beauty Now in the Eye of the Algorithm. New image recognition technology judges photographic aesthetics
http://www.technologyreview.com/computing/39150/?p1=A1
Airlines employ mathematical algorithms, industrial engineering techniques in their quest to streamline the boarding process
http://why.knovel.com/all-engineering-news/989-airlines-employ-mathematical-algorithms-industrial-engineering-techniques-in-their-quest-to-streamline-the-boarding-process.html
Does a mathematical algorithm make for better elections?
http://io9.com/5857724/ranked-choice-voting-does-a-mathematical-algorithm-make-for-better-elections
How Algorithms and Editors Can Work Together to Burst the “Filter Bubble”
http://mashable.com/2011/11/04/eli-pariser-media-summit/
Faulty algorithms, defective implementation, and unexpected market conditions can all cause automated trading system malfunctions. Since software defects are inevitable and unexpected market conditions should be expected, protective risk controls are essential.
http://advancedtrading.com/algorithms/231903297
Using the new computational method researchers were able to identify more than 300 different crystals—called metal-organic frameworks (MOFs)—that are predicted to be better than any known material for methane (natural gas) storage. They then synthesized one of the promising materials and found it beat the U.S. Department of Energy (DOE) natural gas storage target by 10 percent
http://www.futurity.org/science-technology/algorithm-finds-300-crystals-to-store-methane/
After rolling out a host of new products in the first half of 2011, JP Morgan has finished the upgrade of its algorithm suite, Troise reports. “We have a highly competitive algo suite across the globe,” he asserts.
The approach with the algorithm products, according to Troise, was to drive pricing, timing and size decisions using quantitative models rather than around heuristic behaviors, such as “if, then” statements. One example, Ciment says, is the Analytic Signal Engine, a framework for pricing orders into dark pools.
“It is the engine that pumps various indicators — for example, anti-gaming signals — into our algos, which helps our clients achieve best execution,” explains Ciment. The quant team also developed several new models, including adaptations for clients of high-frequency trading models from the firm’s market-making unit, he adds.
At the same time, JP Morgan is upgrading its core technology infrastructure, including data centers and networks, to boost its computing power as it relates to the firm’s best execution capabilities, Ciment relates. “We’ve been extensively upgrading our quantitative models, algo trading framework and technology,” he says.
Meanwhile, new trading models are developed concurrently across the globe, and that intelligence is shared across regions, says Peter Ward, a former Townsend Analytics executive who now runs JP Morgan’s electronic trading solutions in the EMEA. For example, a limit order pricing model was developed in Asia by the quant team there, but it is being implemented by the three regional teams across the globe to optimize the model for each region. “We have a global platform, but there are going to be nuances in each of the regions,” Ward notes.
“It’s not a U.S. export model, where everything is done in the U.S. and then sent to Europe, sent to Asia,” emphasizes Troise. “We’re running a global operation with products, models and infrastructure designed and deployed in various regions and then exported, whether it’s from Asia to the U.S. or from Europe to the Americas.”
More:
http://advancedtrading.com/algorithms/231901540
Previously:
It’s the algorithm, stupid! Do algorithms offer the ultimate grounds for exoneration? Can they fail, or only the people writing them?
http://vrritti.com/2011/09/30/its-the-algorithm-stupid-do-algorithms-offer-the-ultimate-grounds-for-exoneration-can-they-fail-or-only-the-people-writing-them/
#OccupyWallStreet demonstrates that there are many ways to intentionally, accidentally or unconsciously but automatically disrupt the free flow of information
http://vrritti.com/2011/10/03/occupywallstreet-demonstrates-that-there-are-many-ways-to-intentionally-accidentally-or-unconsciously-but-automatically-disrupt-the-free-flow-of-information/