A large number of posts in this blog are my columns published in the Singaporean newspaper called “Today,” and in a well-known quantitative finance magazine called The Wilmott Magazine. These published (and upcoming) columns are blogged here for your reading pleasure.
It has been a while since I wrote anything on my blog. I was writing furiously, though, for my second book (http://pqd.thulasidas.com). After turning my sleep deprivation into a habitual insomnia, I turned in my draft manuscript, and I am ready to blog again.
The last post in this series, this one exposes the extreme cases both in allowing and in denying bonuses, and their implications. Both the options imply our acceptance of certain economic idea. And, as with most things in life, it is not quite clear which is right, once you think long enough about it. A happy and stable middle ground is what we should seek and find.
If you generate profit, don’t you deserve a share of it? Profit generation and increasing shareholder value — these are the hallmarks of top talent in our capitalistic world view now. What is good for the shareholder is certainly good for the talent as well.
Another common argument is that bonuses are necessary to retail the so-called “talent.” Are they?
If hard work does not entitle us to fat bonuses, perhaps our “talent” does? This is the third in the series of posts based on an upcoming column of mine in the Wilmott Magazine.
The second in the series of posts based on an upcoming column of mine in the Wilmott Magazine, here is the common argument about hard work and the perceived entitlements.
This is another series of posts based on an upcoming column of mine in the Wilmott Magazine. In this series, I will examine at the arguments for and against huge bonuses and golden parachutes. The first in the series, this post merely sets the stage for the next half a dozen. The starting point of this series is the public resignation letter by Jake DeSantis, ex-EVP at AIG, and his reasons for believing in the fairness of the huge bonus packages. And my arguments against them, with the personal suspicion that my views are perhaps more a case of sour grapes than of moral high horse.
How does a binomial tree pricing model look in a functional language? The last excerpt from my next column for the Wilmott Magazine (May 2009 iessu), this post may be a bit technical for those who are not practitioners in the field of quantitative finance.
Another excerpt from my next column in a quantitative finance magazine, here is an explanation of why functional language looks interesting to a mathematician.
Another excerpt from my next column in the Wilmott magazine to appear in May 2009, this post takes a high level look at object oriented languages and introduces the concept of functional programming. The next two posts in this series may get a bit technical.
The power of paradigms in computing, and how it aids in the seemingly endless march of the Moore’s Law. An excerpt from my next column in the Wilmott magazine to appear in May 2009.
Ever marvel at the ability of computers to obey your wishes, while completely screwing up what you really wanted to do? Here is an insight into this computer mind, from a quantitative finance professional’s point of view. From my next column to appear in the Wilmott Magazine. This post is the first of a short series of posts on this subject.