A Mental Model of Financial Euphoria

The book A Short History of Financial Euphoria by John Kenneth Galbraith provides a succinct description of the common denominators of financial euphoria, illustrated beautifully with actual euphoric episodes through the ages. The following are some key points to help us recognise such speculative episodes: Uniformly in all financial euphoria there is the thought that … More A Mental Model of Financial Euphoria

Quality Financial Journalism: A List

The book Rich Dad, Poor Dad by Robert Kiyosaki is probably the worst book of the personal-finance genre I have ever read, containing numerous bad advice and generally encouraging hubris instead of prudence in financial decision-making (in the name of entrepreneurism). I did, however, pick up one useful lesson from it: In finance, you need to … More Quality Financial Journalism: A List

From Words to Concepts: Explicit Semantic Analysis

Everyone with a rudimentary understanding of text analytics knows about term-frequency-inverse-document-frequency (TF-IDF) vectors. What is less known but deserve to be more widely appreciated and applied is a little related trick called Explicit Semantic Analysis (ESA) introduced by E. Gabrilovish and S. Markovitch, for which they were awarded the 2014 IJCAI-JAIR Best Paper Prize. (https://www.jair.org/bestpaper.html) ESA … More From Words to Concepts: Explicit Semantic Analysis

Unifying Logic and Probability for Learning

Unifying logic and probability is an active and ongoing research topic of great interest to many. There are many proposals of probabilistic logics in the literature, each with a different motivation, either computational or philosophical, and a different system of syntax and semantics. This state of affairs is confusing and not satisfactory, especially in view … More Unifying Logic and Probability for Learning