ciamac moallemi

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ciamac moallemi

ciamac moallemi

@ciamac

professor @Columbia_Biz / research @paradigm @uniswap / stochastic control, quantitative finance, market microstructure, blockchain

new york city Katılım Şubat 2009
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ciamac moallemi
ciamac moallemi@ciamac·
The gaslighting here is astonishing. Acting President @ClaireShipman should speak for herself. As a @Columbia faculty member I do not share her values of authoritarian university governance and enforcement of ideological conformity, all to advance a racist Trump admin agenda.
Columbia Daily Spectator@ColumbiaSpec

Acting University President Claire Shipman, CC ’86, SIPA ’94, described Columbia’s Wednesday agreement with President Donald Trump’s administration to pay $220 million to restore funding as “in line with our values” in her first interview with Spectator. l8r.it/agLK

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ciamac moallemi
ciamac moallemi@ciamac·
new paper w/ @malleshpai @Weiye_Xi @Qiaoqiao2001 a principled approach to quantifying uncertainty in prediction markets 👇
Mallesh Pai@malleshpai

🚨New Paper with @Weiye_Xi , @ciamac and @Qiaoqiao2001 Here’s two different prediction markets priced at ~6.5%: 1. Will the US confirm the existence of Aliens in 2026? 2. *that* Spurs @ Knicks Game 4, ~4th quarter. They suggest that both these events are the same probability, but intuitively these feel very different: the latter (Knicks won!) feels a lot more uncertain. But prediction markets don’t immediately give us a way to quantify it.

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Mallesh Pai
Mallesh Pai@malleshpai·
Who amongst us hasn't asked I wish I could get my cigars and law enforcement supplies under one roof...
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Designing DeFi
Designing DeFi@Designing_DeFi·
Under stress, derivatives protocols have to make hard decisions in real time: → How options decay → How leverage is reduced → How ADL is triggered → How losses are allocated → How solvency is restored Full recap of the Perpetual Futures & Derivatives track at D²: substack.com/home/post/p-20…
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Mark Schmidt
Mark Schmidt@MarkSchmidtUBC·
I am sad to hear of the passing of Dimitri Bertsekas. This one hurts. Dimitri had a big effect on my career, from inspiring research topics to writing one of my tenure letters. A long thread on memories of Bertsekas and some of his works that influenced me the most.
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Designing DeFi
Designing DeFi@Designing_DeFi·
D² brings together research on DeFi protocol design, incentives, and market behavior Across two days, the program spans: → DeFi Microstructure → Perpetual Futures & Derivatives → Mechanism Design → Prediction Markets → AMMs Learn more: designingdefi.xyz
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ciamac moallemi
ciamac moallemi@ciamac·
The leadership at @Columbia seek to discipline a student for ... criticizing the trustees. So much for academic freedom and open discourse. The fish rots from the head down.
Kenneth Roth@KenRoth

Having cut a horrible deal with Trump giving him oversight of the university, @Columbia may be the worst campus in the United States for free speech, especially about Israel. It is threatening to discipline a student for distributing this legitimate flyer. trib.al/quwTJcC

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Hal Singer
Hal Singer@halsinger·
Hadn’t been following the @ZohranKMamdani second home (“pied-à-terre”) tax closely until this @TheEconomist article reviewed it. The conditions under which the tax would apply are smartly written to target only the uber rich who own a second home in NYC (1) worth more than $5M (2) whose owners are not tax residents and (3) do not rent them out. Yet the neoliberal rag maintains the tax “could do real harm,” citing a billionaire (and non-economist) who speculates it could cost the city jobs. Get a fricking grip. There is no nexus between the tax and job creation. On the benefit side, the tax would “nudge some absentee owners to sell to New Yorkers who might make greater use of them,” as the story admits. And the tax would raise $500M per year in revenues. Seems like a no brainer and easily passes a cost-benefit test. Go get em!
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Designing DeFi
Designing DeFi@Designing_DeFi·
How do onchain markets actually work? D²’s DeFi Microstructure track covers the mechanics behind latency, fees, staking, and block building: → Latency races on blockchains: Brian Zhu → Fee mechanisms under execution uncertainty: Sarisht Wadhwa → Liquid staking and policy limits: Fayçal Drissi → EVM workloads in the wild: Jason Milionis → Ethereum block-building resilience: Sen Yang
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Designing DeFi
Designing DeFi@Designing_DeFi·
Joining us at D² as keynote speakers ✨ → Rajiv Sethi - Engines of Prophecy: The Power & Perils of Prediction Markets → Jarry Xiao - Perpetual Decentralized Exchanges Tickets & full program: designingdefi.xyz
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Designing DeFi
Designing DeFi@Designing_DeFi·
D² is dedicated to research on how protocols work, why they behave the way they do, and how they can be designed better The schedule is now live, with talks spanning: → DeFi Microstructure → Perpetual Futures & Derivatives → Mechanism Design → Prediction Markets → AMMs
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Vali Nasr
Vali Nasr@vali_nasr·
Sharif University of Technology (founded as Arya Mehr University in 1966) is an icon of modernization and progress in Iran. Its alumni include the first woman to win the Field Medal in Mathematics, Maryam Mirzakhani. It has been a national symbol of achievement, gaining international recognition for the quality of its graduates, large number who have been admitted into the very best engineering programs in the West. The aim of this kind of wonton destruction could only be the nation of Iran itself.
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ciamac moallemi
ciamac moallemi@ciamac·
@TheSpeculator0 this is the way kalshi charges also. this is because the fee per contract should be symmetric between p and 1-p, there is no difference between buying a YES at price p and selling a NO at price 1-p.
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Speculator
Speculator@TheSpeculator0·
Polymarket enabled fees today for more markets and it's yet again another complete shitshow: previously it was already live on crypto markets with the following formula: fee per contract = p × feeRate × (p × (1 - p))^exponent This means that the fee is a parabola around 50c in terms of how much you pay as % of your premium. somewhat reasonable. Today, they, without telling anyone, removed the first p term in the formula, so it just becomes: fee per contract = feeRate × (p × (1 - p))^exponent Now fee in dollars is a parabola, but fee as a % of premium has an extreme inverse relationship to price. If you spend 100 dollars on a contract with a 0.1c price, you will pay 30 dollars in fees in e.g. the economics category. Insane tax on small bets and this is going to reduce turnover a lot of people who want to get out of near 1/0 positions (the same is true of markets trading at e.g. 99.9 from an EV perspective)
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James Schamus
James Schamus@JamesSchamus·
Oh man, who knows where this will lead, but at the least we may get to read some VERY interesting emails from and to Columbia's oligarchic trustees and admins: Court Finds Columbia May Have Acted as Government’s Instrument to Suppress Palestinian Advocacy cair-ny.org/news/3/19/26-b…
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Meghnad Bose
Meghnad Bose@MeghnadBose93·
🚨 NEW: Over the past year, Columbia University has played a direct role in the arrests and targeting of its international students by federal immigration agents, in violation of the university's own stated policies and protocols. What began last March has continued since — Mahmoud Khalil, Mohsen Mahdawi, Ranjani Srinivasan, Yunseo Chung, Elmina Aghayeva... Reporting with Macy Hanzlik-Barend for @theintercept Read here: theintercept.com/2026/03/08/col…
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