Cloud Computing Research @ Aberdeen
Working Papers Coming Soon!
This is a seriously useful idea for those of us doing research which might occasionally require high levels of computing power and would like to perform large parallel loops.
For instance: the major work on Testing the Stability of Realized Covariance Matrices: Evidence From Four Markets was compiled using a local 8 processor XEON workstation. However the EC2 environment offers more power and the same capability at a far lower fixed cost (it is all variable, use it when you want to).