Steven Moffitt

Stuart School of Business, Illinois Institute of Technology

Adjunct Professor of Finance

10 West 35th Street, 18th Floor

Chicago, IL 60616

United States

SCHOLARLY PAPERS

7

DOWNLOADS
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Top 13,158

in Total Papers Downloads

4,405

SSRN CITATIONS

0

CROSSREF CITATIONS

7

Ideas:
“  1) "A Mathematics of Morality for Utopian Economics" An attempt to define with game-theoretic methods conventional morality. A "morality" with values in the interval [-1, 1] can be described for each strategy that applies to a social dilemma. '1' is associated with conventionally moral strategies, '0' with anti-moral strategies, and '-1' with retaliatory strategies. 2) A modern revision of Herbert Simon's "The Architecture of Complexity". This essay incorporates results deep learning and neuroscience to speculate that the natural world arises in the way that Simon described. The consequences, if his hypothesis is true, would be significant for science, and in particular, lead to the beginnings of a theory for deep learning methods.  ”

Scholarly Papers (7)

1.

Why Markets Are Inefficient: A Gambling ‘Theory’ of Financial Markets for Practitioners and Theorists

Number of pages: 30 Posted: 03 Mar 2017 Last Revised: 31 Aug 2017
Steven Moffitt
Stuart School of Business, Illinois Institute of Technology
Downloads 2,037 (8,876)
Citation 6

Abstract:

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Rationality, Market Efficiency, Risk, Kelly, Coin Flip, Heuristics, Gambling, Betting, Trading, Algorithmic Trading, PPGS, SAFM, FLOG, Grationality, POPP, SAMM

2.

How Two Profitable Trading Systems for Eurodollar Futures Were Developed

Number of pages: 61 Posted: 25 May 2018 Last Revised: 10 Jun 2018
Steven Moffitt
Stuart School of Business, Illinois Institute of Technology
Downloads 895 (31,224)

Abstract:

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Trading System, Eurodollar Futures, ICA, PCA, Smoother, SAMM,Gambling, Betting, Trading, Algorithmic Trading, PPGS, Grationality, POPP

3.

Gambling for Quants, Part 1: A Simple Fractional Betting System

Number of pages: 19 Posted: 10 Feb 2017
Steven Moffitt
Stuart School of Business, Illinois Institute of Technology
Downloads 588 (54,927)
Citation 1

Abstract:

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Trading, Optimization, Risk Management

4.

A Method for Winning at Lotteries

Number of pages: 22 Posted: 15 Jul 2017 Last Revised: 26 Jan 2021
Steven Moffitt and William T. Ziemba
Stuart School of Business, Illinois Institute of Technology and University of British Columbia (UBC) - Sauder School of Business
Downloads 297 (122,276)
Citation 1

Abstract:

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Lottery, Nash Equilibrium, Gambling, Optimal Betting Strategies, Efficiency, Parimutuel, Lotto, Trump Ticket

5.

The Tax Day Trade: An Efficient Market Anomaly

Number of pages: 5 Posted: 03 Feb 2017 Last Revised: 06 Mar 2017
Steven Moffitt
Stuart School of Business, Illinois Institute of Technology
Downloads 275 (132,561)
Citation 2

Abstract:

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trading, market efficiency, anomaly, arbitrage violation, tax policy

6.

On a Constructive Theory of Financial Markets (Prologue)

Number of pages: 21 Posted: 12 Apr 2017
Steven Moffitt
Stuart School of Business, Illinois Institute of Technology
Downloads 247 (147,791)

Abstract:

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market efficiency, market fundamentalism, behavioral finance, strategic analysis, game theory, stock markets, trading, investing, rationality, the no-arbitrage principle, market anomalies

7.

Does It Pay to Buy the Pot in the Canadian 6/49 Lottery? Implications for Lottery Design

Number of pages: 27 Posted: 02 Feb 2017 Last Revised: 10 May 2018
Steven Moffitt and William T. Ziemba
Stuart School of Business, Illinois Institute of Technology and University of British Columbia (UBC) - Sauder School of Business
Downloads 66 (399,348)

Abstract:

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Lottery, Lottery Design, Gambling, Market Efficiency