Machine Learning in Asset Pricing is popular PDF and ePub book, written by Stefan Nagel in 2021-05-11, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Machine Learning in Asset Pricing can be Read Online from any device for your convenience.
Machine Learning in Asset Pricing Book PDF Summary
A groundbreaking, authoritative introduction to how machine learning can be applied to asset pricing Investors in financial markets are faced with an abundance of potentially value-relevant information from a wide variety of different sources. In such data-rich, high-dimensional environments, techniques from the rapidly advancing field of machine learning (ML) are well-suited for solving prediction problems. Accordingly, ML methods are quickly becoming part of the toolkit in asset pricing research and quantitative investing. In this book, Stefan Nagel examines the promises and challenges of ML applications in asset pricing. Asset pricing problems are substantially different from the settings for which ML tools were developed originally. To realize the potential of ML methods, they must be adapted for the specific conditions in asset pricing applications. Economic considerations, such as portfolio optimization, absence of near arbitrage, and investor learning can guide the selection and modification of ML tools. Beginning with a brief survey of basic supervised ML methods, Nagel then discusses the application of these techniques in empirical research in asset pricing and shows how they promise to advance the theoretical modeling of financial markets. Machine Learning in Asset Pricing presents the exciting possibilities of using cutting-edge methods in research on financial asset valuation.
Detail Book of Machine Learning in Asset Pricing PDF
- Author : Stefan Nagel
- Release : 11 May 2021
- Publisher : Princeton University Press
- ISBN : 9780691218700
- Genre : Business & Economics
- Total Page : 156 pages
- Language : English
- PDF File Size : 19,5 Mb
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