A proposed case for the cloud software engineering in security

This paper presents Cloud Software Engineering in Security (CSES) proposal that combines the benefits from each of good software engineering process and security. While other literature does not provide a proposal for Cloud security as yet, we use Business Process Modeling Notation (BPMN) to illustrate the concept of CSES from its design, implementation and test phases. BPMN can be used to raise alarm for protecting Cloud security in a real case scenario in real-time. Results from BPMN simulations show that a long execution time of 60 hours is required to protect real-time security of 2 petabytes (PB). When data is not in use, BPMN simulations show that the execution time for all data security rapidly falls off. We demonstrate a proposal to deal with Cloud security and aim to improve its current performance for Big Data

The virtues and vices of equilibrium and the future of financial economics

The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this is so, extolling the virtues of equilibrium theory; then we present a critique and describe why this approach is inherently limited, and why economics needs to move in new directions if it is to continue to make progress. We stress that this shouldn't be a question of dogma, but should be resolved empirically. There are situations where equilibrium models provide useful predictions and there are situations where they can never provide useful predictions. There are also many situations where the jury is still out, i.e., where so far they fail to provide a good description of the world, but where proper extensions might change this. Our goal is to convince the skeptics that equilibrium models can be useful, but also to make traditional economists more aware of the limitations of equilibrium models. We sketch some alternative approaches and discuss why they should play an important role in future research in economics.Comment: 68 pages, one figur

Price dynamics, informational efficiency and wealth distribution in continuous double auction markets

This paper studies the properties of the continuous double auction trading mechanishm using an artificial market populated by heterogeneous computational agents. In particular, we investigate how changes in the population of traders and in market microstructure characteristics affect price dynamics, information dissemination and distribution of wealth across agents. In our computer simulated market only a small fraction of the population observe the risky asset's fundamental value with noise, while the rest of agents try to forecast the asset's price from past transaction data. In contrast to other artificial markets, we assume that the risky asset pays no dividend, so agents cannot learn from past transaction prices and subsequent dividend payments. We find that private information can effectively disseminate in the market unless market regulation prevents informed investors from short selling or borrowing the asset, and these investors do not constitute a critical mass. In such case, not only are markets less efficient informationally, but may even experience crashes and bubbles. Finally, increased informational efficiency has a negative impact on informed agents' trading profits and a positive impact on artificial intelligent agents' profits

Sustainable Fisheries Financing Strategies: Save the Oceans Feed the World Project

This paper attempts to evaluate the factors that affect the financial viability of sustainable seafood investments, and in doing so: a) examines the underlying industry dynamics, opportunities, and risks associated with investing in the seafood sector; b) summarizes lessons learned from existing approaches to sustainable fisheries investments; and c) describes in greater detail the three aforementioned impact-investing mechanisms that could support the development of more sustainable wild-capture fisheries. The design of these strategies reflects, to the best of our understanding, the unique characteristics of the countries studied. We recognize that these strategies will evolve through further research and development and will vary meaningfully in their design and execution depending on the specific characteristics of the fisheries and countries where they may be deployed. We hope that these strategies can be adopted, modified and executed by a range of public, private, and non-profit players over time, and that the execution of these or similar strategies will catalyze the flow of new sources of private capital towards sustainable fisheries with positive environmental and societal impacts

The Tobin Tax A Review of the Evidence

The debate about the Tobin Tax, and other financial transaction taxes (FTT), gives rise to strong views both for and against. Unfortunately, little of this debate is based on the now considerable body of evidence about the impact of such taxes. This review attempts to synthesise what we know from the available theoretical and empirical literature about the impact of FTTs on volatility in financial markets. We also review the literature on how a Tobin Tax might be implemented, the amount of revenue that it might realistically produce, and the likely incidence of the tax. We conclude that, contrary to what is often assumed, a Tobin Tax is feasible and, if appropriately designed, could make a significant contribution to revenue without causing major distortions. However, it would be unlikely to reduce market volatility and could even increase it.Tobin tax, financial transaction taxes, volatility, revenue, incidence, feasibility

The Virtues and Vices of Equilibrium and the Future of Financial Economics

The use of equilibrium models in economics springs from the desire for parsimonious models of economic phenomena that take human reasoning into account. This approach has been the cornerstone of modern economic theory. We explain why this is so, extolling the virtues of equilibrium theory; then we present a critique and describe why this approach is inherently limited, and why economics needs to move in new directions if it is to continue to make progress. We stress that this shouldn’t be a question of dogma, but should be resolved empirically. There are situations where equilibrium models provide useful predictions and there are situations where they can never provide useful predictions. There are also many situations where the jury is still out, i.e., where so far they fail to provide a good description of the world, but where proper extensions might change this. Our goal is to convince the skeptics that equilibrium models can be useful, but also to make traditional economists more aware of the limitations of equilibrium models. We sketch some alternative approaches and discuss why they should play an important role in future research in economics.Equilibrium, Rational expectations, Efficiency, Arbitrage, Bounded rationality, Power laws, Disequilibrium, Zero intelligence, Market ecology, Agent based modeling