The machines are coming for your pricing models

Risk.net

JP Morgan quants found that ‘deep hedging’ strategies developed by a machine outperformed existing strategies based on classical models. Is this the beginning of the end of the Black-Scholes era? Read More »

“Cultivated data” is the next gold rush

TechCrunch

Tech companies are finally understanding what it means for data to be an asset; corpuses are giving rise to a new class of data aggregators.  Read More »

India accused of overstating its growth statistics

Bloomberg BusinessWeek

India’s reports of 7% GDP growth have been overstated, according to a former adviser to the country’s prime minister. Arvind Subramanian used alternative data from vehicle sales and electricity consumption and found the growth rate hovers more realistically around 4.5%. Read More » Full Paper » 

Zillow makes nearly half its money from flipping homes

BuzzFeed

The company has bought thousands of homes in 15 markets, invested in minor repairs, and sold them to the tune of $250M in total revenue. We see a new dataset coming! Read More »

Visualizing 10 years of the stock market

reddit/chartr

An “eye-opening” chart that shows the stock market is actually pretty consistent. View the graphic »