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  1. India's educational system

    Here I think you are slightly off mate. I doubt you got through IIT without studying, or just rote learning before the exam. If it were that easy, darn I (Alongwith every IITian I know) missed the plot! Furthermore, statistically IITians have done reasonably well, in technical or academia, and...
  2. India's educational system

    Bidbadwolf, I must confess that the article is not particularly well written as it doesn't do justice to a topic as diverse as Indian education system (Andy did point this out). However there is no denying that the article is 'narrowly' true, and I see no reason for this surge of...
  3. What math topics a great Quant should know

    Look around the forum, and Andy's footer on the Master reading list. Furthermore, the list of courses in any decent program should help you figure it out.
  4. Billion Dollar-o-gram

    Just found this diagram which gives a clear idea of the cost of the recent financial crisis! Interesting!
  5. JP Morgan Quants Predict World Cup Win 2010 for England

    Germany toy with the English! Did JPM see this coming? A beautiful display of counter-attacking football by the young German side.
  6. Admissions to Masters Degree in Finance

    I think that a 550 in GRE verbal is very decent and isn't a reason as to why you weren't accepted (Not much weightage is given to Verbal scores I presume). You haven't mentioned your mathematical and computational background which are critical to an MFE. The fact that you don't have relevant...
  7. arXiv Endorsement

    Hey has anyone submitted their work to arXiv q-fin.TR (Trading and Market Microstructure) lately. I am trying to submit a paper myself, but am not endorsed for the archive. Although stated on the website that endorsements were effective since 2004, I don't recall needing them for any of my...
  8. We are Wall Street ... we are smarter

    Wow thats obnoxious! Anyways, I fear a population of stupid men a lot more than intelligent folks, since they can be swayed by the media, politicians easily to yield unhappy consequences for you, the intelligentsia. Just the fact that you continue to thrive is proof enough that Americans are...
  9. The success of India. Or maybe not quite.

    Been residing my entire life in India (23 odd years in various parts of North India) and I can safely say that this is very different from my experience. India has over 350 million cell phone users (And I remember reading that this number increases by the population of Australia every month)...
  10. "MFE program profile evaluation" master thread

    I do know that some (most?) schools (NYU, Baruch, CMU, Chicago, ETH, MIT, Oxbridge, EPFL (\ldots)) have their deadlines in Jan-Feb, by which time your GRE Subject scores would be computed. You should receive your scores from ETS by December first week latest (A few days after the Princeton...
  11. NYU MSMF NYU Mathematics in Finance!!

    There are about 6 guys on GD who have heard from NYU yesterday. I think you wouldn't have to wait much longer now.
  12. What C++ optimization Lib is used in quant job?

    I've used knitro for some of my projects. You could download the free student/academic version from: Artelys Optimization and modeling solutions
  13. Columbia MFE Columbia MFE decision?

    Check the Application Tracker. It seems a lot of people await Columbia results (and while you are there, add your own case, if not already done so).
  14. For fun: favorite UG math course

    Well the list lacks courses on Optimization, both mathematical(read convex analysis) and numeric. I loved these courses, though primarily due to the professor.
  15. My Final year project..comments please

    Well you could get lots of GA codes + useful material on the following sites: Kanpur Genetic Algorithms Laboratory and Illinois Genetic Algorithms Laboratory I am a part of the Kanpur lab and would be happy to help if you have any problems with GA.
  16. canceled IB Collegiate Trading Olympiad ...picking up the slack

    It would be nice to study the impact of the real time leader board on trading strategies with the sole parameter for best being the overall return compounded by the fact that only a few people get the job/prizes. I think small prizes for good performers would not only be in our selfish...
  17. 2010 Interactive Brokers Collegiate Trading Olympiad cancelled

    Aha some nice nice things you got swirling in your head. I'm hopeful to get mine soon too. \me waits to get my hands dirty with some open source coding soon.
  18. 2010 Interactive Brokers Collegiate Trading Olympiad cancelled

    Well wondering if this is for the better or the worse. It would mean much much more time for testing, tweaking and experimentation while kills the potential of a 1,000$. Guess I'm good. I love these catchy phrases.
  19. GPA, Books... Need Advise

    ;) Or lose some phantom money on competitions.
  20. On C++: Straight from the master himself

    I found an interview Bjarne Stroustrup gave for IEEE over 10 years back on C++. Stroustrup in his own words, "invented C++, wrote its early definitions, and produced its first implementation... chose and formulated the design criteria for C++, designed all its major facilities, and was...
  21. What features would you like to see on Quantnet ?

    Seems like this is an issue with RSS syndication. Well after a bit of googling I landed on this forum post whereby simple tweak has been suggested: http://community.mybboard.net/thread-41340.html Hope this helps
  22. What features would you like to see on Quantnet ?

    Yes. :) If that is possible. Then I can just use my feed reader to keep myself updated.
  23. What features would you like to see on Quantnet ?

    I'm not sure but I don't think the RSS feeds are working perfectly. Only new forum posts are updated. Can someone please confirm this (in case to the contrary, what modifications in the feed were needed) and Andy can we do something about this?
  24. Which carreer is better ? actuary or FE ?

    Are you sure examinations are the best way to do this (over say revising some book and getting your hands dirty with some raw coding)? And if yes, have you considered the possibility of other examinations?
  25. 2009 Interactive Brokers Collegiate Trading Olympiad

    =D> Congrats everyone esp Vladimir.
  26. Back to India?

    I never doubted the accuracy of the facts pertaining to calorie intake(though I was surprised to read this) . Yet, I have a couple of simple questions: 1. Have you visited India? 2. Have you stayed in India? [if so, where and for how long] 3. Did you by any chance visit (consciously) visit...
  27. Back to India?

    I must confess that I was surprised to see that indeed the average calorific intake has decreased in India over the past decades... Yet, there is hope. As my parents put it, for the first time in centuries, Indians truly believe that the future could be brighter than the past, and we will...
  28. Quantitative Interview questions and answers

    Connect each vertex to its other vertices. Now we can see a "star" shaped figure. The interior of the "star" is a regular pentagon(regular by symmetry of the figure). Now using similar triangles and a little bit of ordinary geometry (and ofcourse, sum of the exterior angles of a figure is...
  29. Quantitative Interview questions and answers

    Perfecto! Sorry that the problem was not well framed. I had a different solution which used pretty much the same idea. Using [income + R(i)] this problem could be solved (will have to iterate over all individuals twice) The weighing problem is tougher. You'll like that.
  30. Quantitative Interview questions and answers

    [Puzzle] Weighing Problem Probably this problem has been discussed before but just in case :-k Assume you have been given 12 distinguishable balls and it is known exactly one of them is either heavier or lighter. In exactly 3 chances find which ball is heavier or lighter and tell the type...
  31. Quantitative Interview questions and answers

    [Puzzle] What's my salary? This is not an interview question but a simple puzzle. Say there are n people (P_{1}, P_{2} .... P_{n}) in a room and each person earns an amount (X_{i} ). Now the people want to know the mean of their salaries without disclosing their individual income. Define a...
  32. Monty Hall Problem

    Monty Hall Problem. Please take a moment to read this: Monty Hall problem - Wikipedia, the free encyclopedia You can read about the variants and I doubt it could be explained better.
  33. Quantitative Interview questions and answers

    This f(n,k) is the Stirling's number of the second kind and read my post regarding the same for more information(and a solution).
  34. Quantitative Interview questions and answers

    My apologies. I had a gut feeling that something was wrong but couldn't figure out the exact reason(I should have spent a moment testing my results). The problem arises due to permutations inside a room. After spending more time on it(and brushing up my P&C), I finally arrived at something. The...
  35. Quantitative Interview questions and answers

    I'll use the standard approach of calculating the time and differentiating to find minima. Lets say that individual leaves the road at point T(and then takes a straight path, assumption easily justifiable) Total Time is (\int_{s}^{t} \sqrt{1 + \frac{1}{x^4}} dx + \frac{1}{v}\sqrt{t^2...
  36. Quantitative Interview questions and answers

    There is a simple technique I read about long time back. This should help with most divisibility tests(including 7 and 13) Let ABCDE be the number that we want to check for divisibility by 7, Now consider ABCDE = 10 ^ 4 * A + 10 ^ 3 * B + 10 ^ 2 * C + 10 * D + E If (ABCDE % 7 == 0) => ((ABCDE +...
  37. Quantitative Interview questions and answers

    Partitioning the mathematicians Well I did attempt the problem and am arriving at a trivial solution(sure something is wrong but unable to pinpoint) The number of ways to put ( N )mathematicians into ( K ) rooms is ( K ^ N ) This does not ensure for all rooms being full etc. Now the number of...
  38. Quantitative Interview questions and answers

    Did I drop a penny? You are half way there. Actually there are two cases, which can be computed using the equations: 2 * 10 cents + 2 * 5 cents + 45 * 1 cent + 1 * 25 cents => P[ dropped a penny ] = 45 / 50 40 * 1 cents + 8 * 5 cents + 2 * 10 cents => P[dropped a penny] = 40 / 50(easily...
  39. Ubuntu

    Time to move to Hardy Heron. Yeah while I write this post, update-manager is downloading requisite packages. A review should shortly follow! Ubuntu is releasing new kernel versions way too frequently! Btw other than Win-dose, Linux do we have any other OS users here(anyone for FreeBSD etc?)...
  40. A Really Cool Math Website!

    Oh when it comes to cool websites on mathematics I like the following: 1. For puzzles easily the best is the UCB forum wu :: forums - Index 2. For nice(read tough/hardcore) mathematics, visit the problem solving groups page at NU Math Problem Solving Group Web Page 3. And then arXiv beats all...
  41. The Master Happy Birthday thread

    Happy birthday Andy. Have a nice time!!
  42. Quantitative Interview questions and answers

    This reminds me of a simple interview question asked in a telephonic interview. Given an array of 49 numbers between 1-50, all unique you need to find the missing number? Optimize for speed and memory.
  43. Quantitative Interview questions and answers

    Aye! We will start by defining a markov process and use stationary distributions: Define (X_{i}) to the be event that (Y_{n}) mod 13 == i. 0<= i <= 12 Now clearly P((X_{i})) -> P((X_{j})) =1/6 iff j<= i + 6 (mod 13) And P((X_{i})) -> P((X_{j})) =0 iff j> i + 6 (mod 13) In this fashion for a...
  44. Subprime Primer!

    The presentation has been converted to pdf format for offline access
  45. Subprime Primer!

    Well I stumbled upon this nice presentation, a cartoon strip that explains the subprime crisis. See presentation
  46. Interesting Math Problem

    Lazy mathematicians......Really!!! Now I read the paper some days back and actually found the article to contain a lot of "errors "(though the final result as expected is correct). I had written to the authors but they haven't responded. I am attaching the clarifications I had demanded. Since...
  47. What are your computer's specs ?

    I did use a dual boot: switching between Ubuntu and Windows. Not any longer since I can simply remote desktop into the lab computer, and as it is, I spent 90% of my time on Ubuntu.
  48. Quantitative Interview questions and answers

    Thou art full of suprises man!=D>! And I realised that the Hindi translation doesn't resemble Hindi one bit! So I might as well help something that I find interesting and useful. So can you tell me the procedure to contribute to the Sloane's encyclopaedia?
  49. Quantitative Interview questions and answers

    Aha, I found a wonderful link, thanks to this problem. It seems as if over a million integer sequences are stored in the Sloane Encyclopedia (link:http://www.research.att.com/~njas/sequences/) and if you give it a subset it will give the entire sequence with the accompanying reason. As expected...
  50. What are your computer's specs ?

    Turbo memory "Turbo memory", that term was new till 10 minutes back. Now, after reading for a while I guess have started liking the concept. For all those like me who did not know anything about "turbo memory", a nice article would be http://www.macworld.com/article/47488/2005/10/robson.html...
  51. Quantitative Interview questions and answers

    Andy, Do you know the answer to this? Its been quite a while and I do not think I have been able to make much progress... answer please
  52. What are your computer's specs ?

    My laptop has the following: Dell Inspiron 1.66Ghz Intel Core 2 Duo 2X512 MB DDR2 SDRAM 60GB 5400 rpm SATA harddisk 2 MB L2 Ubuntu 7.10(Gutsy Gibbon) My lab desktop is rather outdated, and seldom used: 2.8 Ghz Single Core 2X256 MB RAM 140GB harddisk Windows XP (Aside: For people who use VIM...
  53. Master list of free financial data

    I have downloaded data(5 minute bars) for 1998-2006 for ES. In case any body wants it PM me. I need data for 2007.... HELP!!
  54. Master list of free financial data

    [wanted] Historical 5 minute bar for ESH8 or QQQQ I was wondering if there is any way I can download 5/15 minute bars(OHLCV) for ESH8 and QQQQ. I would prefer it to be some free online source since making payments via the internet is not possible for me right now. Also if anyone has/can...
  55. Paul & Dominic's Guide to Quant Careers Version 2.0 Now Available

    in my case over a month...... i even sent a reminder about a fortnight back :cry:
  56. New Quantnet members say hi

    I understand why you would not "rate profiles"[really no one likes to infringe upon adcoms rights], but what about something of the nature of "help me make the cut" or "what should I do to improve my academic profile". I frankly believe that such posts("suggestions, what do I do to make my...
  57. Quantitative Interview questions and answers

    4. 3 points are randomly drawn on a circle. What is the probability of them being on the same semi-circle ? Answer: 1/2 or 50% CLEARLY WRONG!!! I will prove it for n points ie: What is the probability that n point chosen randomly lie on a semi-circle. Let us choose randomly the points P(one)...
  58. Third Year applicant

    Visual Basic for Applications :-k
  59. Do certifications really help getting admits from top institutes ?

    [source=[URL="http://www.investopedia.com/professionals/FAQs/CFA/050204_1.asp"]When must I complete 3 years of work experience...?[/URL]] You do not need to have 3 years of experience, in order to appear for the examinations but in order to be a CFA charterholder you need to have 3 years of...
  60. Ubuntu

    You are on Edgy. Well I had to reinstall completely to get to Fiesty(another motivation to make a fresh Fiesty installation could be that then you can simply do away with ndiswrapper[my wifi which gave me helluva lot of trouble with Edgy works wonderfully well with Fiesty]). A dual boot is no...
  61. Ubuntu

    If you are on FiestyFawn the update is simple to GutsyGibbon[from hear say]. I am waiting for local repositories(supporting FiestyFawn) to be updated before I make my move:D Other than integral support for ntfs-3g and improved desktop effects(compiz) I don't know of any updates though I'm sure...
  62. "MFE program profile evaluation" master thread

    Insider Information:D Alain, thats probably true some 'n' years back(n>5) but the trend is changing very rapidly. Though I'm not saying that the "hierarchy" doesn't exist(amongst departments that is), but the system is not as simple as you mentioned. A sizeable amount change their branches in...
  63. What you want to do 2 years from now ?

    Two years from now(==my graduation), I hope I get into Institute of Advanced Studies, Princeton. Realistically speaking, a nice MSFE program :-ss
  64. New Quantnet members say hi

    Hey guys, Hi! I'm Ramnik Arora from IIT (India) and pursuing my majors in Mathematics and Scientific Computing. I am currently in my 3rd year and will graduate '10. My knowledge is almost zilch so I don't think I'll be able to contribute much as of now with anything other than occasional...
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