"Can Machines “Learn” Finance?” was named the winner of the 2020 Harry M. Markowitz Award. The Markowitz Award is sponsored jointly by The Journal of Investment Management and New Frontier Advisors to honor the legacy of Dr. Harry Markowitz and support future research and innovation in practical asset management. The award winner was selected from papers published in The Journal of Investment Management in 2020. Read more from The Journal of Investment Management.
Machine learning for asset management faces a unique set of challenges that differ markedly from other domains where machine learning has excelled. Understanding these differences is critical for developing impactful approaches and realistic expectations for machine learning in asset management. We discuss a variety of beneficial use cases and potential pitfalls, and emphasize the importance of economic theory and human expertise for achieving success through financial machine learning.
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