In Finance, Humans Were the First Machines
A Q&A with Chicago Booth’s Dacheng Xiu on the implications of machine learning for the financial markets.
In Finance, Humans Were the First MachinesHow momentum trading can go wrong
Buying winning stocks and betting against losing ones could be a poor strategy in a fast-rebounding market.
Last year’s losers perform well while the winners lag—the opposite of what a momentum trader would be betting on.
Kent D. Daniel and Tobias J. Moskowitz, “Momentum Crashes,” Working paper, March 2013.
A Q&A with Chicago Booth’s Dacheng Xiu on the implications of machine learning for the financial markets.
In Finance, Humans Were the First MachinesMost consumers support ‘private sanctions’—even if it costs them money.
On Russian Aggression, Americans Want Companies to Vote with Their FeetWhy did prices for US Treasurys drop along with stock prices in the spring of 2020?
How Financial Regulation Fed a Treasury Bond CrisisYour Privacy
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