Recently, I stumbled on to an article which had a debate between Fischerian approach Vs Bayesian approach for design inference. According to the author, both had drawbacks when dealing with events with small probabilities. I became curious to know the bayesian side of things. My work in the past few years did make me use Fischerian approach in many forms..But What about Bayesian world ? Except the famous MontyHall problem and few other general examples, I had not read or understood clearly , how a bayesian approach could be put to real use.

Here is a firm which is using Reverse Law of Large Numbers (RLLN) for trading. Link : Investments Mr Kelly’s work is all about what happens when the size of the sample is decreasing instead of increasing. He has recently turned his attention to the credit crunch, and in particular to how the RLLN affects the “balance of expectations” in financial markets.

via :emii.com Globally, Hedge funds posted an estimated outflow of $5.9 billion in April after posting an estimated inflow of $22 billion in March.

AVOID THIS BOOK This book has a deceptive title " Analysis of Financial Data".Sadly, it does not help an analyst in anyway.. I went through the book and it did not add an iota of knowledge about analysis..It is 10,000 ft view of stats and its usage in finance.Even the 10,000 ft view is hazy!!!.. It gives a set of formulas with no explanation whatsoever. This book is nothing but huge number of english words filled between statistics jargon.

I have always felt that an Indian version of payscale.com would work.It has to. There is so much of discussion on “who makes what”, that I will completely surprised if customized concept would not work.. Here’s another new company in the same space.Glassdoor.com It is just a matter of time when some Indian entrepreneur will pick it up and go for a concept arbitrage