Wednesday, August 22, 2018

Mathematics and Economics: A Reality Check

The author criticizes the common financial education system, and he promotes the study of mathematics instead.  In particular he argues that students of the financial markets would be best served by studying discrete math, information theory and signal processing, machine learning, and quantum computing.  In addition, he criticizes the common practice of backtesting strategies, rather than testing them forward by building a track record; and he suggests that finance professors should have real-world experience rather than just academic knowledge.

DE PRADO, M. L. (2016). Mathematics and Economics: A Reality Check. Journal Of Portfolio Management, 43(1), 5-8.

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