nikete
China effectively traded around 0.2 trillion USD for yuan and kept the USD last quarter, the impact is not that big.
More generally looking at the volume transacted does not tell you much about the depth of the market; you need to look at the order book for that. Looking at the bitcoin market there are several lots of over 25k sitting within 20 cents on each side of the bid-ask, this means it is extremely likely one could carry out a directional 100k trade with relatively small market impact if spread out over a few days.
A nice blog on a similar vein seems to have been started recentely on http://aiecon.tumblr.com/ by a grad student of Sandholm.
This is a joke, right?
Namely, the paper does not say that the best often rise to the top, simply that they are unlikely to do badly.
Because that, not off the record generally which Dan spends a whole paragraph defending, is the relevant bit.
Ask YC:your opml files, please.
Developing a personalized news service. Id really like to beta test it with news.yc users in the near future, but need to train the algorithm a bit before its worth spending your time with it.Could you guys post your opml files as comments here, or a link pointing to them? I would be eternally thankful.