Machine Learning in Finance – Present and Future Applications Machine learning has had fruitful applications in finance well before the advent of mobile banking apps, proficient chat bots, or search engines. Given high volume, accurate historical records, and quantitative nature … Continue reading Artificial intelligence based trading
How Do Investors Compare Index Fund Fees? Imagine that you’re searching for a new car. And you’ve found two cars from different manufacturers that are effectively the same in terms of fuel efficiency, horsepower, and style. But one costs $20,000, … Continue reading Identical funds different fees
Behavioural economics reveals the irrational decision-maker in all of us Humans are pretty complicated creatures — but that hasn’t always been reflected in the influential field of economics. Economic models based on assumptions we are fully emotionless have, however, given … Continue reading Economists are not normal
Emotions interfere with investing decisions more than we thought The stereotype of a high-rolling Wall Street trader is a young, aggressive man oozing with testosterone-fuelled confidence and the nerve to take big risks. In fact, financial professionals are known to … Continue reading Testosterone and financial bubbles
A Stock Market Panic Like 1987 Could Happen Again Oct. 19, 1987, was one of the worst days in stock market history. Thirty years later, it would be comforting to believe it couldn’t happen again. Yet that’s true only in … Continue reading The human psyche on a mass
The moral ambivalence of Gordon Gekko If director Oliver Stone and I had a nickel for every time someone uttered the words ‘greed is good,’” screenwriter Stanley Weiser noted near the end of 2008, “we could have bought up the … Continue reading Greed is good
When Harm Helps: Building Choice Architecture for Investors When I was 16 years old, my parents sat me down and said: We know you’re at the age when you might start drinking. We are not encouraging you to drink—it will … Continue reading Financial choice architecture
