Comments on: 2007 Ig Nobel Winners http://www.nakedcapitalism.com/2007/10/2007-ig-nobel-winners.html Mon, 23 Nov 2009 03:10:07 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Yves Smith http://www.nakedcapitalism.com/2007/10/2007-ig-nobel-winners.html#comment-1004 Yves Smith Sat, 06 Oct 2007 02:01:00 +0000 http://www.nakedcapitalism.com/2007/10/2007-ig-nobel-winners/#comment-1004 Cassandra,<br/><br/>The list is great, but why should Ig Nobel have all the fun? Maybe it's time to inaugurate the Augustus Melmotte {or pick your favorite financier] Applied Finance award....<br/><br/>Alan Greenspan gets a lifetime achievement award in behavioral finance for: groundbreaking work in exploring the efficacy of various methods of inducing investor responses; experiments to determine whether repeating counterfactual accounts of history can induce false memories (I am certain this list could be exanded)<br/><br/>Ralph Cioffi in testing the riskiness of leverage on portfolios of CDOs and the tracking error in the ABX<br/><br/>Warren Spector for disproving the thesis that performance in competitive card games is a proxy for success on Wall Street Cassandra,

The list is great, but why should Ig Nobel have all the fun? Maybe it’s time to inaugurate the Augustus Melmotte {or pick your favorite financier] Applied Finance award….

Alan Greenspan gets a lifetime achievement award in behavioral finance for: groundbreaking work in exploring the efficacy of various methods of inducing investor responses; experiments to determine whether repeating counterfactual accounts of history can induce false memories (I am certain this list could be exanded)

Ralph Cioffi in testing the riskiness of leverage on portfolios of CDOs and the tracking error in the ABX

Warren Spector for disproving the thesis that performance in competitive card games is a proxy for success on Wall Street

]]> By: "Cassandra" http://www.nakedcapitalism.com/2007/10/2007-ig-nobel-winners.html#comment-1003 "Cassandra" Sat, 06 Oct 2007 00:24:00 +0000 http://www.nakedcapitalism.com/2007/10/2007-ig-nobel-winners/#comment-1003 Yves...You seem to have left Finance off the (ig) Nobel list, might I make some suggestions:<br/><br/>* Brian Hunter for his contribution to exploring the limits of the joint effects upon hedge fund solvency of position concentration, leverage and public knowledge of one's speculative position.<br/><br/>* PBoC for their contributions in researching the global financial and political-economic externalities of neutering interest rates in the world's largest bond market.<br/><br/>* Brad Morrice & New Century for their contributions to studying the relationship betweeen outright fraud, willfull neglect, and an absurd business model upon their financial solvency and the patience of their creditors. <br/><br/>* Dr Mark Carhart (fmrly of USC) & Ray Iwanowski of GS for their fine studies in highly-leveraged, FX carry trades (particularly with high pari-passu and high correlation to changes in credit-risk and global liquidity) and how to classify said speculative punts as low-risk arbitrage pursuits.<br/><br/>* BoJ Gov Fukui for his stellar research on the effects of long and pointless lunches with "old friends" upon his institution's nearZIRP monetary stance. <br/><br/>* Tom Hudson (of Pirate Capital) for his perceptive work studying the impacts of Activist Allocators' redemption behaviour upon an Activist Fund. <br/><br/>* Moody's for practical experiments in testing the limits of compromised and bogus research upon consumers gullibility.<br/><br/>I am sure there are more, but it's a start... Yves…You seem to have left Finance off the (ig) Nobel list, might I make some suggestions:

* Brian Hunter for his contribution to exploring the limits of the joint effects upon hedge fund solvency of position concentration, leverage and public knowledge of one’s speculative position.

* PBoC for their contributions in researching the global financial and political-economic externalities of neutering interest rates in the world’s largest bond market.

* Brad Morrice & New Century for their contributions to studying the relationship betweeen outright fraud, willfull neglect, and an absurd business model upon their financial solvency and the patience of their creditors.

* Dr Mark Carhart (fmrly of USC) & Ray Iwanowski of GS for their fine studies in highly-leveraged, FX carry trades (particularly with high pari-passu and high correlation to changes in credit-risk and global liquidity) and how to classify said speculative punts as low-risk arbitrage pursuits.

* BoJ Gov Fukui for his stellar research on the effects of long and pointless lunches with “old friends” upon his institution’s nearZIRP monetary stance.

* Tom Hudson (of Pirate Capital) for his perceptive work studying the impacts of Activist Allocators’ redemption behaviour upon an Activist Fund.

* Moody’s for practical experiments in testing the limits of compromised and bogus research upon consumers gullibility.

I am sure there are more, but it’s a start…

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