"Some Risk Model components sent information to the Optimizer in decimals while other components reported information in percentages; therefore the Optimizer had to convert the decimal information to percentages in order to effectively consider all the information on an equal footing. Because proper scaling did not occur, certain decimal information was not converted to percentages and the Optimizer did not give the intended weight to common factor risks."
And the impact:
-- AXA Rosenberg had to make clients whole for $217 million in losses, plus pay a $25 million penalty.
-- Barr Rosenberg had to pay a $2.5 million penalty and is barred from the securities industry for life.
-- AXA Rosenberg's assets under management fell from $70 billion to $29 billion (http://www.nytimes.com/2011/09/23/business/ex-axa-rosenberg-...)
Exactly. For more details, go to the source: Carol Dweck. A good starting point is her popular book Mindset. (www.mindsetonline.com) There's also now online growth mindset instruction for middle school students (and older) -- see www.brainology.us.
The idea that writing an idea down reduces stress is one of the cornerstones of Dave Allen's Getting Things Done. He calls the unwritten items that nag at you "open loops". One important follow-on idea that that the ideas must be written down in a "trusted system": if you aren't absolutely confident that you will be able to find it when you go looking (or, better, that it will be brought to your attention when needed whether or not you remember to look at that moment), you won't stop worrying.
UCF student Konstantin Ravvin told ABC News he thought UCF’s so-called cheating scandal had been blown out of proportion.
“This is college, everyone cheats. Everyone cheats in life in general,” Ravvin told ABC News. “I just think you’d be hard pressed to find anyone in this testing lab who hasn’t cheated on an exam. They’re making a witch hunt out of absolutely nothing, as if they want to teach us some sort of moral lesson.”
It's always pretty cool to see people overcome brutal rejection. Except... this structured flowchart thing really did deserve that brutal rejection letter and if the chart gained respect and prominence then the wrong side won!
I'll concede that the rejection was too nasty for young grad students. But the idea itself had it coming.
An excellent recent book is Peter Seibel's Practical Common Lisp. http://www.gigamonkeys.com/book/ The approach is what you might guess from the title, so it addresses both the fun of Lisp and the building of practical applications (including web apps).
Execution is most of what goes in to bringing a product to market successfully. It takes a lot more than a good idea to succeed; secretive dreamers abound, but the vast majority of them never ship.
This is old news:
Don't worry about people stealing an idea. If it's original, you will have to ram it down their throats. [Howard H. Aiken, as quoted in Portraits in Silicon (1987) by Robert Slater] [from wikiquote]
Genius is one percent inspiration, ninety-nine percent perspiration. [Thomas Edison, spoken statement (c. 1903); published in Harper's Monthly (September 1932)] [from wikiquote]
Actually, startup ideas are not million dollar ideas, and here's an experiment you can try to prove it: just try to sell one. Nothing evolves faster than markets. The fact that there's no market for startup ideas suggests there's no demand. Which means, in the narrow sense of the word, that startup ideas are worthless. [Paul Graham, http://www.paulgraham.com/ideas.html]
NDAs may have uses in established companies with very specific trade secrets that established competitors would be able to use right away (see, e.g., http://www.mbay.net/~heuer/Spystory/Industry.htm -- though that points out that some people are willing to risk criminal indictments, not just civil suits...). They're not worth the trouble for your cool idea to, say, monitor eBay auctions via Twitter and bid by tweet. Uh-oh, I guess we're not in stealth mode any more, Toto. ;-)
https://ripple.com/