Via Eran Raviv: The big plus of non-parametric bootstrap is that it is strictly data-based, without any distributional assumption, the big minus is the same, it is strictly data-based. Possible “futures” for the rate series in green and the red line is the actual realization

Via TradersMag:For the past month, high-frequency trading has been under attack. The first volley came on a Sunday night in late March, when author Michael Lewis, introducing his new book Flash Boys on the news magazine program 60 Minutes, delivered the most perfectly succinct of all headline-grabbing comments. “The markets are rigged,” he told correspondent Steve Kroft, implying that high-frequency traders front-run the market and are cheating ordinary investors. Since then, the imagery used to battle HFT has only grown more fanciful and over the top.

I am a big fan of Literate programming. Seeing a course being offered on Coursera picked my interest. The whole lecture series comprises 4 lectures, each spanning an hour each. So, spending 4 to 5 hours on something that I had already learnt felt like a waste of time. However I realized that mind plays tricks on us and always gives us an illusion of mastery over something just because we are familiar with the topic.

Here is the research finding that punches HARD on the conventional hypothesis of learning : ( Study + Study + Study +…+ Final Test ) leads to better learning. [youtube https://www.youtube.com/watch?v=oqae85jbfbE?rel=0]

Via NYTtimes : Every September, millions of parents try a kind of psychological witchcraft, to transform their summer-glazed campers into fall students, their video-bugs into bookworms. Advice is cheap and all too familiar: Clear a quiet work space. Stick to a homework schedule. Set goals. Set boundaries. Do not bribe (except in emergencies). And check out the classroom. Does Junior’s learning style match the new teacher’s approach? Or the school’s philosophy?