Deep Learning is picking momentum in Quantitative Finance, outside the obvious application to the prediction of asset prices (where to my knowledge it is not particularly effective) and spreading into the more serious application area of option pricing and risk management.
These two recent papers clearly demonstrate the benefits of DL as a pricing technology alternative to the classical FDM and Monte-Carlo in certain contexts:…Continue
Added by Antoine Savine on January 11, 2019 at 5:30am — No Comments
I heard an accountant once say that people in his profession are generally bad investors. I am uncertain if this is true. I never really bothered to confirm his assertion. He said that his reasons for believing so relate to the nature in which accountants interpret data, which he implied was rather literal. I personally almost always ignore "book value" - that is to say, the cost of acquisition. For me, the book value is similar to a figure of speech: the investment value never has to be…Continue
Added by Don Philip Faithful on February 16, 2015 at 6:57am — No Comments
Added by Steven Ramirez on January 31, 2014 at 5:30am — No Comments