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 »