Humans aren’t rational. So why should financial theories assume that they are? That’s the question writer Chelsea Wald posed in Crazy Money, in the Dec. 12, 2008 issue of Science. It’s a reasonable question, she explains.
Even the experts seem bewildered by the current economic crisis. Quantitative analysts (quants)–the whiz-kid financial engineers whose algorithms have dominated Wall Street trading in recent years–have watched those algorithms fail. Former Federal Reserve Chair Alan Greenspan acknowledged in October that there was “a flaw in the model that I perceived … defines how the world works.” Keep reading →
Commercial real estate professionals love their smartphones…and so, apparently, do spammers. “The convergence of unlimited messaging plans, enhanced capabilities on mobile devices and the lack of messaging security at many carriers create a perfect opportunity for mobile spammers,” said Jamie de Guerre, chief technology officer at Cloudmark, a company that markets SMS security to wireless carriers.
A recent Nielsen Mobile report estimates the typical US mobile subscriber sends and receives more SMS text messages than phone calls. In the second quarter of 2008,for instance, the report said there was a 450 percent increase in text messages over the same period in 2006. Keep reading →
Technology has changed the way properties are bought and sold. But it’s also created a world of opportunity for fraud and scams. Just recently, the National Association of Realtors warned that its name is being used as part of a property rental scheme. Keep reading →
This may be what the future looks like, at least according to predictions Stephen Elop, President of the Microsoft Business Division, made at the Wharton Business Technology Conference in Philadelphia last month. e ” he said…and in just 10 years. Keep reading →
A lot of factors affect commercial real estate. Just consider the potential impact of the ones in this video from a Sony executive conference in Rome last year–then answer, “How do I prepare for the next ten years?”
Trace Trajano, a Procter and Gamble engineer and real estate investor, has a novel way of dealing with the recession. He simply refuses to accept it. “A lot of it is a mindset, so if you think there’s a recession, then there is,” he argues.
Trajano has created a website called refusetojoinrecession.com. He describes it as a place for people succeeding in spite of the economy to share “stories, techniques, tips and strategies” about investments, assets or potentially profitable businesses. Keep reading →
