In this era of cloud computing, big data, server farms, and the smartphone in your pocket that’s vastly more powerful than a roomful of computers of previous generations, it can be easy to lose sight of the very definition of…
In this era of cloud computing, big data, server farms, and the smartphone in your pocket that’s vastly more powerful than a roomful of computers of previous generations, it can be easy to lose sight of the very definition of…
There is a view, developed primarily by Andrew Lo (2004), at MIT, that financial markets are ecological systems in which different groups (“species”) compete for scarce resources. Called the adaptive markets hypothesis (AMH), it posits that markets will exhibit cycles…
Wiesinger, Sornette, and Satinover (2013), of the Swiss Institute of Technology, Zurich, developed a method to “reverse engineer” real-world financial time series. They modeled financial markets as made of a large number of interacting rational Agent Based Models (ABMs). In…
IBM’s Watson computer, which beat champions of the quiz show “Jeopardy!” two years ago, is now being employed to advise Wall Street on risks, portfolios and clients. Citigroup Inc., the third-largest U.S. lender, was Watson’s first financial services client. The…
My article on “The Future of Financial Market Forecasting” is to be published in the forthcoming issue of Foresight: The International Journal of Applied Forecasting. This journal is something of a link between the academic and business communities. There is also an…
One of three American economists who won the 2013 economics Nobel prize on Monday for research into market prices and asset bubbles expressed alarm at the rapid rise in global housing prices. Robert Shiller, who shared the 8 million Swedish…
CIMB Group is a major, Asian bank and brokerage headquartered in Kuala Lumpur, Malaysia. Branches exist in Australia, Brunei, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam. CIMB analyst, Eben Van Wyk of Australia, is one of the researchers…
Jeffrey Mishlove interviews David Aronson. Aronson is author of Evidence Based Technical Analysis and Statistically Sound Machine Learning for Algorithmic Trading of Financial Instruments. Here Aronson describes different types of machine learning.
CIMB Group is a major, Asian bank and brokerage headquartered in Kuala Lumpur, Malaysia. Branches exist in Australia, Brunei, Cambodia, Indonesia, Laos, Myanmar, Philippines, Singapore, Thailand, and Vietnam. CIMB analyst, Eben Van Wyk of Australia, is one of the researchers…
Jeffrey Mishlove interviews David Aronson. Aronson is author of Evidence Based Technical Analysis and Statistically Sound Machine Learning for Algorithmic Trading of Financial Instruments. Here Aronson focuses on the strengths and weaknesses of the Monte Carlo method for statistical validation…