Source: https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A7136525736483454977
The #Reckoning about mistaking “#Quantity of #Data” for “#Quality of #Insights, #Actions, and #Performance #Outcomes” is already written on the wall for the #Present as well as the #Future of #ArtificialIntelligence, #Humans, & the #Future #Evolution of #AI-#Human #Machine #Systems:
#FutureOfFinance: FutureOfFinance.org 1993-Current
#ModelRiskArbitrage: ModelRiskArbitrage.com 2015-Currrent
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Latest Dot-Plot:
Roger McNamee: “There will be a reckoning for #generativeAI and all the excesses of #easymoney…”
Bloomberg: A Grad-School Number-Cruncher Shakes Up the World of #Bond #Quants: #Professors retract #seminal #finance #paper after detective work uncovers flaws:
https://lnkd.in/gpg-2GfK :
Financial Advisor Magazine: A Grad-School Number-Cruncher Shakes Up the World of Bond Quants: Professors retract seminal finance paper after detective work uncovers flaws: https://lnkd.in/gzt3q63g
When the dust will settle… clarity will emerge beyond the global #Markets-#SocialNetworks generated Fog of Unknowingness:
“It’s really great because now we’re going to write papers that are still inherently very interesting, even if we don’t get this magical ‘x causes y…’ ”
“…a similar reckoning is long overdue in finance. Against this backdrop, hundreds of #factors discovered in #stocks—so many it’s now dubbed a “factor zoo”—have also now come into question, which in turn has fueled a string of defenses from other #quants.”
“Along with tearing up the #predictive #factors that paper proposed, they took aim at a slew of other #patterns spotted in the #literature, including ones based on #return #reversals, #momentum and #default #risk. Some were wrongly constructed, others were riddled with #data #errors, and many couldn’t beat a broad #bond #benchmark…”
YogeshMalhotra.com: Future of AI-Humans beyond GPT-GenAI-LLMs : Beyond AI-Model Risk Management to AI-Model Risk Arbitrage : Why C4I-Cyber Supremacy >> AI-Quantum Supremacy!
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