Monday, August 05, 2013
Advanced Maths Win Wall Street
A view of what used to be called 'rocket scientists' in Wall Street. I recall going to the Santa Fe Institute and hearing a talk about this phenomenon, just before the crash. Now its math, big data and analytics. Its not that I do not believe in these methods, I just look at the predictive value with caution. Note something new here, the use of forward-looking, unstructured data analysis to look for causal triggers. As opposed to quant forecasting.
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