February 21st, 2008, 7:44 am
QuoteVasant Dhar, a former Morgan Stanley quant who teaches at New York University's Stern School of Business, is trying to program a computer to predict the ways in which unexpected events, like the sudden death of an executive, might affect a company's stock price."We want to be able to ask a computer, 'Tell me about the merger of corporation A and corporation B,' or 'Tell me about the impact on the markets of sending more troops to Iraq,' " McKeown said."AI is very effective when there's a specific solution," Hamilton said. "The real challenge is where judgment is required, and that's where AI has largely failed."That is what I would call confused thinking, which one gets accustomed to in this area.I don't consider datamining blogs or trying to emulate a Wall Street trader to be serious work, but that's just me.
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yabbadabba on February 20th, 2008, 11:00 pm, edited 1 time in total.