Transport Correspondent, Richard Westcott, visits a university test centre to investigate how humans will cope with driverless cars
VIDEO: Testing humans in driverless cars
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Asia shares down on China growth fears
Asian shares head lower on Thursday as concerns about the health of the Chinese economy and plunging oil prices weigh on investors' confidence.
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Applications of Finite Markov Chain Models to Management. (arXiv:1601.01304v1 [q-fin.GN])
Markov Chains offer ideal conditions for the study and mathematical modelling of a certain kind of situations depending on random variables. The basic concepts of the corresponding theory were introduced by Markov in 1907 on coding literary texts. Since then, the Markov Chain theory was developerd by a number of leading mathematicians, such as Kolmogorov, Feller etc. However, only from the 1960's the importance of this theory to the Natural, Social and most of the other Applied Sciences has been recognized. In this review paper we present applications of finite Markov Chains to management problems, which can be solved, as most of the problems concerning applications of Markov chains in general do, by distinguishing between two types of Chains, the Ergodic and the Absorbing ones.
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Option pricing in the model with stochastic volatility driven by Ornstein--Uhlenbeck process. Simulation. (arXiv:1601.01128v1 [q-fin.CP])
We consider a discrete-time approximation of paths of an Ornstein--Uhlenbeck process as a mean for estimation of a price of European call option in the model of financial market with stochastic volatility. The Euler--Maruyama approximation scheme is implemented. We determine the estimates for the option price for predetermined sets of parameters. The rate of convergence of the price and an average volatility when discretization intervals tighten are determined. Discretization precision is analyzed for the case where the exact value of the price can be derived.
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101 Formulaic Alphas. (arXiv:1601.00991v1 [q-fin.PM])
We present explicit formulas - that are also computer code - for 101 real-life quantitative trading alphas. Their average holding period approximately ranges 0.6-6.4 days. The average pair-wise correlation of these alphas is low, 15.9%. The returns are strongly correlated with volatility, but have no significant dependence on turnover, directly confirming an earlier result by two of us based on a more indirect empirical analysis. We further find empirically that turnover has poor explanatory power for alpha correlations.
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UCITS Alternative Index Dips 0.15% To Start 2016
The UCITS Alternative Index Blue Chip, which tracks the performance of the largest and most representative absolute return UCITS funds, slipped slightly in the first week of the New Year, according to the latest data from Switzerland-based index provider Hedgeanalytics.Â
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Brevan Howard's Master Fund Post Second Straight Annual Loss
Well-known macro investment manager Brevan Howard Asset Management has reportedly booked a nearly 2% loss in its main hedge fund for 2015, its second consecutive annual decline.Â
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Gundlach's DoubleLine Marks 23rd Consecutive Month of Inflows with $1B December Haul
Jeff Gundlachâs DoubleLine Funds continued its impressive run of monthly net inflows during the last month of 2015, attracting a net $1.03 billion in December. It was the companyâs 23rd consecutive month garnering new investor capital.
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VIDEO: Netflix: We'll follow Apple into China
The chief executive of Netflix Reed Hastings says he intends to follow Apple's lead to get permission to operate in China.
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VIDEO: World Bank predicts sluggish growth
The World Bank's latest look at the year ahead suggests the global economy may continue to limp along, with falling commodity prices a drag on growth.
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UK new car sales 'at all-time record'
UK new car sales hit an all-time record last year, figures released later by the Society of Motor Manufacturers and Traders are expected to show.
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Influencer Marketing For Dummies
Are you a marketing guru looking to stay at the top of your game? Then you need to be in the know on influencer marketing. A hybrid of content marketing and native advertising, influencer marketing is an established trend in marketing that identifies and targets individuals with influence over potential buyers. Although this has usually meant focusing on popular celebrities and Internet personalities
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Service Design for Business: A Practical Guide to Optimizing the Customer Experience
Service Design for Business helps you transform your customer's experience and keep them engaged through the art of intentional service design. Written by the experts at Livework, this practical guide offers a tangible, effective approach for better responding to customers' needs and demands, and provides concrete strategy that can be implemented immediately. You'll learn how
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The Essential Retirement Guide: A Contrarian's Perspective
Retirement planning is difficult enough without having to contend with misinformation. Unfortunately, much of the advice that is dispensed is either unsubstantiated or betrays a strong vested interest. In The Essential Retirement Guide, Frederick Vettese analyses the most fundamental questions of retirement planning and offers some startling insights. The book finds, for example that:
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MPs summon regulators over bank inquiry
MPs summon the chairman and acting chief executive of the Financial Conduct Authority to explain why an inquiry into bank culture was dropped, the BBC learns.
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China's Stock Markets Crash Over 7% - Markets Close - Again
Stock markets in China crashed by over 7% on Thursday, triggering the circuit breaker and forcing stock exchanges to suspend trading for the day.
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Shenzhen Stock Exchange Market Bulletin 4 January , 2016, Issue 1, 2016
Last week, Shenzhen Component Index tumbled 2.4% to 12664.9 points. SME Index closed at 8393.8 points after losing 2.0%. ChiNext Index was down 2.9% to 2714.0 points. Total turnover for stocks and funds on SZSE was US$286.9 billion, or a 26.3% decrease from the week before.
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Co-op Group faces malpractice tribunal
The Co-operative Group faces serious allegations of corporate malpractice in an employment tribunal brought by its former procurement director.
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Unintended Consequences Of Regulatory Onslaught Will Hurt Wall Street But Cripple Main Street, Says TABB Group In New U.S. Listed Options Research - TABB Group Identifies Department Of Laborâs Fiduciary Proposal, Camp Proposal, Section 871(m) Of Internal Revenue Code As Potential Threats To US Listed Options Industry
While finalized and pending tax initiatives have been promoted as ways to simplify the U.S. tax system, eliminate current loopholes and raise revenue for the U.S. government, the potential impact of these regulations on the U.S. listed options market may be problematic, says TABB Group in new research, “Unintended Consequences: Tax Regulations and the US Listed Options Market,” that delves into these repercussions.
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Marks and Spencer chief to step down
Marks and Spencer chief executive Marc Bolland is to step down in April after six years in the role.
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