Money, Machines, and Markets with Vasant Dhar

The financial markets—the stock exchange, bonds, commodities—are a historically high-risk, high-reward avenue towards making, or losing, money.  Besides working as a television weatherman, investment banking is one of the few fields where you only have to be correct sixty percent of the time to be considered a smashing success.  Investment decisions are generally gauged against the S&P 500, which is a collection of the largest corporations and their stock; it’s an option that, compared to the rest of the market, promises healthy and steady returns.  Of course, humans have always tried to beat this standard, and no secret that most human investors continually underperform against the S&P 500. As a field with huge amounts of data, and an almost equal amount of human error, the field of financial services is ripe for…


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