How human networks drive inequality, social immobility

To understand why people succeed or fail, look at their circle of friends. Like it or not, said Stanford economist Matthew Jackson, people's fates are closely connected to their human networks.

Who sells when the market is down?

During the darkest days for investors after the 2008 financial crisis that swallowed Lehman Brothers up like a sinkhole, the common wisdom was to hold tumbling shares and wait for better days.

A dozen ways to avoid that $617bn 'fat finger' moment

Have you ever ordered too many items online – say, buying 20 courgettes when you meant two? Then you might feel a little sorry for the anonymous broker in Japan who lost US$617 billion to a trading typo error.

Researchers detect fraud with highest accuracy to date

(Phys.org)—Researchers from Brigham Young University have helped create the most robust and accurate fraud detection system to date using information from publicly available financial statements.

Mathematically detecting bubbles before they burst

From the dotcom bust in the late nineties to the housing crash in the run-up to the 2008 crisis, financial bubbles have been a topic of major concern. Identifying bubbles is important in order to prevent collapses that can ...

Market failure expert says letting Lehman go was good thing

Approaching the anniversary of Lehman Brothers' demise, NJIT Finance Professor Michael Ehrlich, an expert on market failure, says that the Feds made the right move when they allowed the investment firm to go bankrupt.

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